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    1708 Marshall St Jacksonville, FL 32206

    Sponsored
    For Lease
    $7 SF/Yr

    ±25,300 SF Industrial Building, Excellent Location

    Lot size:
    25,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    421
    This exceptional ±25,300 square foot flex space industrial property is ideally situated in Jacksonville's Downtown Eastside/Downtown submarket at 1708 Marshall Street, zip code 32206. The single-tenant building offers a versatile layout, combining approximately 12,330 square feet of office space with ample industrial space. Built in phases (1973 & 1982), the property features a clear height ranging from 15 to 18 feet, providing excellent vertical space for various uses. Loading capabilities include one grade-level door (14' x 12') and one dock-high door (14' x 12'). Adding to its appeal is an additional 0.28 acres of land situated at the southeast corner of Marshall and Parker Streets, providing surplus parking. The property is zoned IH and presents a unique opportunity for businesses seeking a well-located, functional space in a thriving urban area. This is a rare opportunity to acquire a well-maintained industrial property with significant potential in a highly desirable Jacksonville location. The property's size, features, and prime location make it an attractive investment for a variety of businesses.

    Property Features for 1708 Marshall St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,300 SF

    Spaces For Lease

    at 1708 Marshall St, Jacksonville, FL 32206 Contact us
    Unit

    $7 /Mo

    Size
    25,300 SF
    Contact us

    We can help!

    Listing Contact
    Rich Antczak

    Learn more

    Property Insight Report

    HighLights

    • ±25,300 SF flex space industrial building in Jacksonville's Downtown Eastside submarket.
    • Single‑tenant building with ±12,330 SF of office space and ample industrial space.
    • 15‑18' clear height, one grade‑level door (14' x 12'), and one dock‑high door (14' x 12').
    • 0.28‑acre additional land parcel providing ample parking.
    • IH zoning; located at 1708 Marshall Street, Jacksonville, FL 32206.
    Property Profile Location Intelligence

    Current Use by Public Records

    Intertek PSI Jacksonville Engineering Consultant Colonial Oil Industries, ... Fuel Supplier

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6327057
    Latitude
    30.3309109

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    FAQs

    What type of property is this?
    Flex space - ±25,300 SF Industrial Building, Excellent Location
    Where is this flex space located?
    The property is located at 1708 Marshall St Jacksonville, FL.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: ±25,300 SF flex space industrial building in Jacksonville's Downtown Eastside submarket.; Single-tenant building with ±12,330 SF of office space and ample industrial space.; 15-18' clear height, one grade-level door (14' x 12'), and one dock-high door (14' x 12').
    Request Owner's contact information
    1708 Marshall St Jacksonville, FL 32206
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    Jacksonville, FL 32206
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1708 Marshall St Jacksonville, FL 32206
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