Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    438 Monroe St Jacksonville, FL 32202

    For Sale
    $695,000

    Historic Jacksonville Office, Vacant, High Potential

    Property size:
    4,516 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 4,516 square foot, two-story office building presents a compelling investment opportunity in Jacksonville, Florida. Located at 438 E Monroe St, 32202, this vacant property boasts a prime corner lot (5,512 sq ft) with CCBD zoning, allowing for diverse uses. Originally a single-family home, it's been successfully converted into office space, featuring a layout adaptable to multiple tenants or a large staff. Recent improvements include interior and exterior repainting, a new AC unit and ductwork, retiled fireplaces, and the upcoming installation of four impact windows. The property includes two utility meters and offers on-street parking with additional driveway space. Its proximity to the Duval County jail makes it particularly attractive for legal professionals or related businesses. Built in 1904, this Class C building offers a blend of historic charm and modern functionality, making it an excellent buy-and-hold investment. More photos are forthcoming.

    Property Features for 438 Monroe St

    General Information

    Property type
    Office space
    Square Feet
    4,516 SF
    Class
    C

    Building Details

    Year Built
    1904
    Buildings
    1
    Stories
    2

    HighLights

    • $695,000 asking price for this vacant office building.
    • 4,516 square feet, located on a 5,512 square foot lot in Jacksonville, FL.
    • Two‑story, Class C building constructed in 1904 with one building.
    • Currently vacant, offering flexible space suitable for multiple tenants or a single large office.
    • CCBD zoning permits a variety of uses, and its proximity to the jail makes it ideal for legal professionals.
    • Broker co‑op is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    JOSEPH A. GASPARRO Law Firm Legal Matters Legal ... Legal Services Andrews Keith G Attorney

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    DUVAL
    State
    Florida
    Longitude
    -81.651198034754
    Latitude
    30.327125595563

    Nearby Similar for Sale

    • $3,850,000
      6,336 SF

      Luxury Estate on Secluded Acreage

      Spacious residence on 12.68 acres with pool and studio.
      3010 Starratt Rd, Jacksonville, FL 32226
      View Details
    • $725,000
      2,231 SF

      Renovated Quadplex in San Marco

      Updated quadplex in San Marco with strong income potential.
      1535 Belmonte Ave, Jacksonville, FL 32207
      View Details
    • $669,900
      3,001 SF

      Renovated Multi-Family Home with Dock

      Renovated multi-family home with deep water access and pool.
      5590 La Moya Ave, Jacksonville, FL 32210
      View Details
    • $565,000
      2,556 SF

      Updated 4-Plex in Historic District

      Charming Jacksonville 4-plex with modern updates and income potential.
      2659 College St, Jacksonville, FL 32204
      View Details
    • $3,400,000
      22,344 SF

      Jacksonville Office Investment Opportunity

      Professionally managed Class B office building in Salisbury Lakes Business Park.
      4237 Salisbury Rd, Jacksonville, FL 32216
      View Details
    • $313,300
      2,031 SF

      Income-Generating Jacksonville Investment Opportunity

      Two income properties in Jacksonville with potential for additional development.
      717 Virginia St, Jacksonville, FL 32209
      View Details

    FAQs

    What type of property is this?
    Office space - Historic Jacksonville Office, Vacant, High Potential
    Where is this office space located?
    The property is located at 438 Monroe St Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: $695,000 asking price for this vacant office building.; 4,516 square feet, located on a 5,512 square foot lot in Jacksonville, FL.; Two-story, Class C building constructed in 1904 with one building.
    Request Owner's contact information
    438 Monroe St Jacksonville, FL 32202
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    438 Monroe St
    Jacksonville, FL 32202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    438 Monroe St Jacksonville, FL 32202
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.