Jacksonville Development Land
For Sale
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6822 N MAIN Street, Jacksonville, FL 32208
Commercial property with seven suites and income potential in Jacksonville.
Property Size10,790 SF
Price / SF$370.71
Days on Market861
Property Features for 6822 N MAIN Street
General Information
Standard status
Active
Size
10,790 SF
Property subtype
Mixed Use
Building Details
Year Built
1947
Stories
1
Listing Agency:
CABANA LANE, INC
Listed By:
JARED JONES · License #3470617
(904) 557-1182
Source:
Crexi
Added: Jun 4, 2024
Changed: Oct 10
Last Checked: Oct 11 at 4:19AM
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 CABANA LANE, INC
Investment Insights
Based on property information with market context.
This commercial property presents an investment opportunity in Jacksonville, Florida. The property features seven individual suites designed to accommodate various business needs, with the potential for expansion to add more suites. A large, fenced parking area is situated at the rear, providing parking space for tenants and customers. The property also includes a well, ensuring a reliable and cost-effective water source, and multiple storage areas that offer additional rental income potential. Additionally, there is a secondary structure on the premises that could be repaired for further use or removed to create additional space or redevelopment opportunities. Several tenants are already in place, providing immediate rental income. The property size is 10790 square feet.
Key Highlights
- Prime development land in Jacksonville, Florida.
- Seven individual suites with expansion potential.
- Immediate rental income from existing tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,428
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,848,560
$2.8M
Cap Rate 7%
$2,034,686
$2.0M
Cap Rate 9%
$1,582,533
$1.6M
Market Conditions
NOI Build-Up for 10,790 SF
Gross rent
$259.0K $24.00/SF
− Vacancy
−$31.1K −$2.88/SF
EGI
$227.9K $21.12/SF
− OpEx
−$85.5K −$7.92/SF
NOI
$142.4K $13.20/SF
Area
Jacksonville, FL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,848,560
Cap Rate 7%
$2,034,686
Cap Rate 9%
$1,582,533
Alternative Uses
Best Use
Mixed Use
$2.03M
$1.78M – $2.37M
NOI $142,428 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $206,909 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 32208, FL
33,286
Population
15,218
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
84%
High-School Grad
11.5 sq mi
ZIP Area
2,894
Density / Sq Mi
$39,873
Median Household Income
$31,845
Median Earnings
$1,180
Median Rent
$139,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property with seven suites and income potential in Jacksonville.
Where is this mixed-use property located?
The property is located at 6822 N MAIN Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Prime development land in Jacksonville, Florida.; Seven individual suites with expansion potential.; Immediate rental income from existing tenants.
