Private Office
For Sale
$1,093,275
901-233 E Bay St, Jacksonville, FL 32204
Individual workspaces in the Blackstone Building include utilities through the lease arrangement.
Property Size4,859 SF
Price / SF$225
Days on Market54
Property Features for 901-233 E Bay St
General Information
Standard status
Active
Size
4,859 SF
Taxes and HOA fees
Annual Taxes
$1,502
Listing Agency:
COLDWELL BANKER COMMERCIAL PREMIER PROPERTIES
(904) 827-1717
Listed By:
Eric Maimo · License #3254822
(904) 537-6443
Source:
Exprealty
Added: Aug 19
Changed: Oct 11
Last Checked: Oct 11 at 11:30AM
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 COLDWELL BANKER COMMERCIAL PREMIER PROPERTIES
Investment Insights
Based on property information with market context.
The Blackstone Building offers individual private office suites designed for professional office use. The property provides a structured workspace option for businesses seeking separate offices within a shared commercial setting, with utilities incorporated into the lease arrangement.
The building is located at 901-233 E Bay St in Downtown Jacksonville, placing the office property within the city’s downtown business district. The available information identifies the property as an office-unit offering with a reported property size of 4859.
The building is located at 901-233 E Bay St in Downtown Jacksonville, placing the office property within the city’s downtown business district. The available information identifies the property as an office-unit offering with a reported property size of 4859.
Key Highlights
- Private office suites within the Blackstone Building
- Individual offices suited to professional office use
- Utilities included through the lease arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,882
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,640
$1.4M
Cap Rate 7%
$998,314
$998.3K
Cap Rate 9%
$776,467
$776.5K
Market Conditions
NOI Build-Up for 4,859 SF
Gross rent
$116.6K $24.00/SF
− Vacancy
−$23.4K −$4.82/SF
EGI
$93.2K $19.18/SF
− OpEx
−$23.3K −$4.79/SF
NOI
$69.9K $14.38/SF
Area
Jacksonville, FL
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,640
Cap Rate 7%
$998,314
Cap Rate 9%
$776,467
Alternative Uses
Best Use
Office B
$998.3K
$873.5K – $1.16M
NOI $69,882 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,176 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,965
Businesses Nearby
Explore this area
Business Placement
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Individual workspaces in the Blackstone Building include utilities through the lease arrangement.
Where is this office units located?
The property is located at 901-233 E Bay St Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,093,275.
What are key features of this property?
This property features: Private office suites within the Blackstone Building; Individual offices suited to professional office use; Utilities included through the lease arrangement
