Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8929 Western Way Jacksonville, FL 32256

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-tenant flex development with dock-high and grade-level loading.

    Type:Industrial
    Property size:
    78,000 SF
    Lot size:
    38.00 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    28
    Last Refresh:
    Apr 1 at 11:25 pm

    Property Features for 8929 Western Way

    General Information

    Standard status
    Active
    Size
    78,000 SF
    Lot size
    38.00 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Jason J. Purdy
    Jason J. Purdy

    Listing agent Jason J. Purdy License #3354221

    Listing office NAI Hallmark | Jacksonville

    Listing date Mar 6, 2026

    Source Naihallmark

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Hallmark | Jacksonville

    Overview

    Flexible Space in Baymeadows Area

    This master-planned, multi-tenant development encompasses 375,000 square feet on 38 acres in the Baymeadows area. The property offers flexibility to accommodate users from 1,100 to 78,000 square feet across nine buildings. These flex buildings provide office space with grade-level roll-up doors. Both dock-high and grade-level loading options are available. The property has Industrial Business Park (IBP) zoning and offers access to I-95. It features a 20-foot clear height, with a maximum height of 22 feet, and a wet sprinkler system. There are 8 dock-high doors and 3 ramps.
    Location Intelligence

    Current Use by Public Records

    Trane Supply Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • 3GC/Three Generations Catering — 10200 Belle Rive Blvd, Jacksonville, FL 32256

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5589
    Latitude
    30.2039

    Nearby Similar for Lease

    • Contact for pricing

      Grocery Store Prime Location

      Versatile commercial property, formerly a grocery store, ready for lease.
      3631 EMERSON Street, Jacksonville, FL 32207
      View Details
    • Contact for pricing

      Versatile Commercial Property, Jacksonville, FL

      Flexible commercial space suitable for office, live/work, or storage.
      8540 W BEAVER Street, Jacksonville, FL 32220
      View Details
    • Contact for pricing

      Prime Jacksonville Office Suite

      Expansive, refreshed office space in a premier Jacksonville location.
      7563 PHILIPS Highway unit: 201-207, Jacksonville, FL 32256
      View Details
    • Contact for pricing

      Versatile Commercial Space in Jacksonville

      Adaptable commercial space suitable for various business operations.
      9953 LEM TURNER Road, Jacksonville, FL 32208
      View Details
    • Contact for pricing

      Well-Maintained Office Condo For Rent

      Office condo with enhanced natural light available for lease.
      12627 SAN JOSE Boulevard unit: 306, Jacksonville, FL 32223
      View Details
    • $26,107/mo

      Jacksonville Flex Facility For Lease

      Flex facility with showroom, office, and warehouse space available for lease.
      619 CASSAT Avenue, Jacksonville, FL 32205
      View Details
    • Contact for pricing

      Jacksonville Professional Medical/Office Space

      Class A office park with medical and office spaces available.
      12276 SAN JOSE Boulevard unit: 210, Jacksonville, FL 32223
      View Details
    • Contact for pricing

      Renovated Commercial Shop with Sublease

      Two-unit commercial shop available for lease with recent renovations.
      5804 ARLINGTON Road, Jacksonville, FL 32211
      View Details
    • Contact for pricing

      Jacksonville Commercial Property For Rent

      Commercial property in Jacksonville, FL, available for rent.
      1417 LARUE Avenue, Jacksonville, FL 32207
      View Details
    • Contact for pricing

      Jacksonville Office Space For Lease

      Office space for lease with parking and 24/7 access.
      5876 Old Timuquana Road, Jacksonville, FL 32210
      View Details
    • Contact for pricing

      Jacksonville Office Condo For Rent

      Office condo for rent in Timuquana Office Park.
      5911 TIMUQUANA Road unit: 301, Jacksonville, FL 32210
      View Details
    • Contact for pricing

      Jacksonville Flex Space For Rent

      Flex space with warehouse and office in high-traffic area.
      13755 ATLANTIC Boulevard unit: B, Jacksonville, FL 32225
      View Details

    FAQs

    What type of property is this?
    Flex space - Multi-tenant flex development with dock-high and grade-level loading.
    Where is this flex space located?
    The property is located at 8929 Western Way Jacksonville, FL.
    What are key features of this property?
    This property features: Desirable Southside location with easy access to I‑95; Flexibility to accommodate users from 1,100 to 78,000 SF; Grade‑level roll‑up doors and dock‑high loading available
    (904) 404-4462
    We can help!
    Listing Contact
    Jason J. Purdy
    Jason J. Purdy
    Real Estate License ID: 3354221
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!