Professional Office Unit with
For Sale
$674,850
L-04-233 E Bay Street, Jacksonville, FL 32202
Office unit with utilities, trash removal, and maintained shared facilities included.
Property Size2,454 SF
Price / SF$275
Days on Market55
Property Features for L-04-233 E Bay Street
General Information
Standard status
Active
Size
2,454 SF
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,455
Amenities
all utilities
in suite trash removal services
fully maintained restrooms and common areas
Listing Agency:
Coldwell Banker Commercial Premier Properties
Listed By:
Eric Maimo · License #3254822
(904) 537-6443
Source:
Exprealty
Added: Aug 25
Changed: Oct 13
Last Checked: Oct 16 at 1:46PM
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 Coldwell Banker Commercial Premier Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,454-square-foot office unit is located within the Blackstone Building at L-04-233 E Bay Street in Downtown Jacksonville. The property is positioned for professional office use and combines a dedicated suite with building-maintained common areas.
Utilities are included, along with in-suite trash removal. Restrooms and common areas are fully maintained, providing an organized operating environment for occupants. The address places the office in Downtown Jacksonville, with access from E Bay Street.
Utilities are included, along with in-suite trash removal. Restrooms and common areas are fully maintained, providing an organized operating environment for occupants. The address places the office in Downtown Jacksonville, with access from E Bay Street.
Key Highlights
- 2,454‑square‑foot office unit in the Blackstone Building
- Located at L‑04‑233 E Bay Street, Jacksonville, FL 32202
- Downtown Jacksonville location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,293
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,860
$705.9K
Cap Rate 7%
$504,186
$504.2K
Cap Rate 9%
$392,144
$392.1K
Market Conditions
NOI Build-Up for 2,454 SF
Gross rent
$58.9K $24.00/SF
− Vacancy
−$11.8K −$4.82/SF
EGI
$47.1K $19.18/SF
− OpEx
−$11.8K −$4.79/SF
NOI
$35.3K $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%
$705,860
Cap Rate 7%
$504,186
Cap Rate 9%
$392,144
Alternative Uses
Best Use
Office B
$504.2K
$441.2K – $588.2K
NOI $35,293 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$672.3K
$588.2K – $784.3K
NOI $47,058 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,554
Businesses Nearby
Explore this area
Business Placement
Demographics for 32202, FL
6,544
Population
2,789
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
78%
High-School Grad
2.0 sq mi
ZIP Area
3,272
Density / Sq Mi
$40,070
Median Household Income
$30,938
Median Earnings
$1,024
Median Rent
$229,100
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office units - Office unit with utilities, trash removal, and maintained shared facilities included.
Where is this office units located?
The property is located at L-04-233 E Bay Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $674,850.
What are key features of this property?
This property features: 2,454‑square‑foot office unit in the Blackstone Building; Located at L‑04‑233 E Bay Street, Jacksonville, FL 32202; Downtown Jacksonville location
