Free-Standing Building on Edgewood
1040 EDGEWOOD Avenue N Jacksonville, FL 32254
For Sale
Contact for pricing
3,179 SF building with parking and laundromat plans.
Property Size3,124 SF
Price / SF$246.16
Days on Market681
Property Features for 1040 EDGEWOOD Avenue N
General Information
Standard status
Active
Size
3,124 SF
Property subtype
Retail
Building Details
Year Built
1985
Listing Agency:
Dalton Wade Real Estate Group
(239) 247-4462
Listed By:
Suzanne Johnson · License #3334126
Source:
Crexi
Added: Sep 18, 2024
Changed: Jul 6
Last Checked: Jul 29 at 12:39PM
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 Dalton Wade Real Estate Group
Investment Insights
Based on property information with market context.
This free-standing building, constructed in 1985, offers 3,179 square feet of space. It is situated on Edgewood Avenue N in Jacksonville. The property is zoned CCG-1 and includes 19 parking spaces. Engineering plans for a laundromat are available. A 2'' water line has been installed, and water and impact fees have been paid.
Key Highlights
- Free‑standing 3,179 sf building on busy Edgewood Ave N.
- Zoned CCG‑1, suitable for a variety of commercial uses.
- Includes engineering plans for a Laundromat.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.2k | $18.00 |
| − Vacancy | −$5.8k | −$1.85 |
| EGI | $50.4k | $16.15 |
| − OpEx | −$15.1k | −$4.84 |
| NOI | $35.3k | $11.30 |
3,124 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$504.4K
$441.4K – $588.5K
NOI $35,308 @ 7.0% cap · market cap 4.59%
Second Best
Industrial
$248.0K
$217.0K – $289.3K
NOI $17,359 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$855.8K
$748.8K – $998.4K
NOI $59,906 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 3,179 SF building with parking and laundromat plans.
Where is this retail space located?
The property is located at 1040 EDGEWOOD Avenue N Jacksonville, FL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Free‑standing 3,179 sf building on busy Edgewood Ave N.; Zoned CCG‑1, suitable for a variety of commercial uses.; Includes engineering plans for a Laundromat.
