Flexible Block Retail/Office
For Sale
$795,000
9073 HECKSCHER Drive, Jacksonville, FL 32226
Block building with 400 feet of frontage, two paved driveways, and CCG-1 zoning for a range of commercial uses.
Property Size3,360 SF
Price / SF$236.61
Days on Market92
Property Features for 9073 HECKSCHER Drive
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Retail
Zoning
CCG-1
Site & Location
Traffic Count
10,000 vehicles/day
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,449
Amenities
3
Shingle
Extra Storage. City Road.
Building Details
Year Built
1974
Listing Agency:
KELLER WILLIAMS ST JOHNS
(904) 867-7694
Listed By:
CHRISTINA WELCH · License #3186165
Source:
Xome
Added: May 8
Changed: Aug 7
Last Checked: Aug 7 at 12:44AM
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 KELLER WILLIAMS ST JOHNS
Investment Insights
Based on property information with market context.
Located at 9073 Heckscher Drive, this nearly one-acre property includes a 3,360 SF block building designed for flexible commercial use. The building is described as a blank-canvas configuration, suitable for a variety of concepts including retail, professional office, or other light-commercial applications. The site includes two paved driveways and ample parking to support convenient customer and staff access.
The property offers approximately 400 feet of frontage and is positioned along Heckscher Drive, described as carrying over 10,000 vehicles passing daily. The remarks place the site between Jacksonville’s industrial core and Amelia Island, noting it sits in the area referred to as the river district.
With CCG-1 zoning, the property is presented as accommodating a wide array of creative and light-industrial uses, supporting tenant plans that benefit from visibility and straightforward site access. For operators looking for a prominent roadside footprint with parking and multiple driveway entries, this building-and-site combination offers a practical platform for repositioning or establishing a new location. Buyers and tenants can evaluate the available frontage, configuration, and site access as they determine the best fit for their specific business needs.
The property offers approximately 400 feet of frontage and is positioned along Heckscher Drive, described as carrying over 10,000 vehicles passing daily. The remarks place the site between Jacksonville’s industrial core and Amelia Island, noting it sits in the area referred to as the river district.
With CCG-1 zoning, the property is presented as accommodating a wide array of creative and light-industrial uses, supporting tenant plans that benefit from visibility and straightforward site access. For operators looking for a prominent roadside footprint with parking and multiple driveway entries, this building-and-site combination offers a practical platform for repositioning or establishing a new location. Buyers and tenants can evaluate the available frontage, configuration, and site access as they determine the best fit for their specific business needs.
Key Highlights
- Nearly 1‑acre commercial site with 400 ft of frontage on Heckscher Drive
- 3,360 SF block building built in 1974 with shingle roof
- Two paved driveways with ample parking for customer access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,077
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,001,540
$1.0M
Cap Rate 7%
$715,386
$715.4K
Cap Rate 9%
$556,411
$556.4K
Market Conditions
NOI Build-Up for 3,360 SF
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.
Gross rent
$72.6K $21.60/SF
− Vacancy
−$5.8K −$1.73/SF
EGI
$66.8K $19.87/SF
− OpEx
−$16.7K −$4.97/SF
NOI
$50.1K $14.90/SF
Area
Jacksonville, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,001,540
Cap Rate 7%
$715,386
Cap Rate 9%
$556,411
Alternative Uses
Best Use
Specialty Retail
$715.4K
$626.0K – $834.6K
NOI $50,077 @ 7.0% cap · market cap 6.30%
Second Best
Retail
$542.5K
$474.7K – $632.9K
NOI $37,975 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$920.4K
$805.4K – $1.07M
NOI $64,431 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32226, FL
20,306
Population
7,707
Households
2.6
Avg Household Size
39
Median Age
36%
College-Educated
93%
High-School Grad
85.7 sq mi
ZIP Area
237
Density / Sq Mi
$109,375
Median Household Income
$53,400
Median Earnings
$2,062
Median Rent
$340,500
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Block building with 400 feet of frontage, two paved driveways, and CCG-1 zoning for a range of commercial uses.
Where is this conventional restaurant located?
The property is located at 9073 HECKSCHER Drive Jacksonville, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Nearly 1‑acre commercial site with 400 ft of frontage on Heckscher Drive; 3,360 SF block building built in 1974 with shingle roof; Two paved driveways with ample parking for customer access
