409 Palmetto Ave, Green Cove Springs, FL 32043
2,160 SF industrial/office building suitable for various uses.
- Added:
- Jul 3, 2024
- Days on Market:
- 735
- Last Refresh:
- Jul 4 at 5:49 am
Property Features for 409 Palmetto Ave
General Information
- Standard status
- Active
- Size
- 2,160 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2022
Listing office Cantrell & Morgan (904) 208-1168
Listing date Jul 3, 2024
Source Crexi
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 Cantrell & Morgan
HighLights
- 2,160 SF single‑tenant industrial/office building
- Suitable for industrial, office, medical, or retail uses
- Located in the thriving Clay County market
- Ideal for owner‑user buyers or tenants
- Built in 2022
- Strategic asset in a high‑demand area
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.8k | $24.00 |
| − Vacancy | −$11.5k | −$5.33 |
| EGI | $40.3k | $18.67 |
| − OpEx | −$10.1k | −$4.67 |
| NOI | $30.2k | $14.00 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- J & M Caterers — Green Cove Springs, FL 32043
Location Insight
- Map
- Local Demand
- City
- Green Cove Springs
- County
- Clay
- State
- Florida
- Longitude
- -81.6817475
- Latitude
- 29.9963378
