Renovated Live-Work Home with Triple
For Sale
$235,000
9124 FREE Avenue, Jacksonville, FL 32211
Commercial Sale, Jacksonville, FL
Property Size1,030 SF
Lot Size0.21 Acres
Price / SF$228.16
Days on Market149
Property Features for 9124 FREE Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning description
Commercial/Residential/Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
RV, Guest
Fencing
Chain Link, Privacy
Subdivision
Oakwood Villa Ests
Lot features
Cleared
Directions
Take 115 South, take exit on Atlantic Blvd. Turn right onto Mill Creek Rd and left on Free Ave. Property is on left #9124
Standard status
Active
APN
1438600000
Size
1,030 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2712
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1946
Floors in Building
1
Number of units
1
Flooring type
Laminate, Tile
Building materials
Block, Fiber Cement, Wood Siding
Roof type
Shingle, Mixed, Rolled Hot Mop
Listing Agency:
KELLER WILLIAMS FIRST COAST REALTY · Keller Williams Realty
(904) 541-0180
Listed By:
CHRISTOPHER RUBINAN · License #3465021
(631) 671-9910
Added: May 14
Changed: Oct 8
Last Checked: Oct 9 at 6:06AM
MLS# 2146065
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Renovated property set on an oversized triple lot with Commercial Office (CO) zoning, offering flexible options for a live-work setup or other multi-use plans. The home’s interior is currently configured as two separate living spaces: a 2/1 unit and a 1/1 unit, with an updated kitchen featuring granite countertops. The layout can also be converted back to a traditional 3/2 configuration if desired.
Reported improvements include an updated roof, HVAC, water heater, windows, and re-plumbing. The additional lot area is designed to support practical needs such as outdoor entertaining and added parking.
Move-in ready and built for adaptability, the property provides an updated living setup while keeping future expansion or development possibilities in mind under the existing CO zoning.
Reported improvements include an updated roof, HVAC, water heater, windows, and re-plumbing. The additional lot area is designed to support practical needs such as outdoor entertaining and added parking.
Move-in ready and built for adaptability, the property provides an updated living setup while keeping future expansion or development possibilities in mind under the existing CO zoning.
Key Highlights
- Oversized triple lot with Commercial Office (CO) zoning for multi‑use potential, including future expansion and development opportunities
- Move‑in ready home with updated kitchen featuring granite countertops and included appliances
- Functional layout currently configured as two separate living spaces: 2/1 and 1/1 (easy conversion back to a traditional 3/2 layout)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,813
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,260
$296.3K
Cap Rate 7%
$211,614
$211.6K
Cap Rate 9%
$164,589
$164.6K
Market Conditions
NOI Build-Up for 1,030 SF
Gross rent
$24.7K $24.00/SF
− Vacancy
−$5.0K −$4.82/SF
EGI
$19.8K $19.18/SF
− OpEx
−$4.9K −$4.79/SF
NOI
$14.8K $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%
$296,260
Cap Rate 7%
$211,614
Cap Rate 9%
$164,589
Alternative Uses
Best Use
Office B
$211.6K
$185.2K – $246.9K
NOI $14,813 @ 7.0% cap · market cap 6.30%
Second Best
Mixed Use
$194.2K
$170.0K – $226.6K
NOI $13,596 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$282.2K
$246.9K – $329.2K
NOI $19,751 @ 7.0% cap · market cap 8.40%
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
989
Businesses Nearby
Explore this area
Business Placement
Demographics for 32211, FL
34,168
Population
15,250
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,167
Density / Sq Mi
$55,208
Median Household Income
$33,993
Median Earnings
$1,104
Median Rent
$208,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Live-work space - Renovated home on an oversized triple lot with Commercial Office (CO) zoning and two separate living spaces.
Where is this live-work space located?
The property is located at 9124 FREE Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Oversized triple lot with Commercial Office (CO) zoning for multi‑use potential, including future expansion and development opportunities; Move‑in ready home with updated kitchen featuring granite countertops and included appliances; Functional layout currently configured as two separate living spaces: 2/1 and 1/1 (easy conversion back to a traditional 3/2 layout)
