Are Jacksonville home prices expected to drop further?

Nobody can honestly promise a specific direction. Prices are down modestly year over year, not falling sharply, and the market is described as balanced to slightly seller-favoring by most current reporting — not a buyer's market in the way the term usually implies.

How many days does it actually take to buy a house in Jacksonville right now?

It depends heavily on the specific home. Current data shows a real split: well-priced homes in strong areas can go under contract in under two weeks, while others sit for three months or more. The citywide average sits somewhere in between and can be misleading on its own.

Is Jacksonville still a buyer's market or a seller's market?

Most current data puts it close to balanced, with a slight lean toward sellers overall — but this varies meaningfully by neighborhood and price point, which is why a citywide label only tells part of the story.

Should I wait for mortgage rates to drop before buying?

That's a real financial trade-off, not a simple yes or no — rates have actually trended up, not down, through this fall. A monthly-payment conversation based on your actual numbers is more useful than a guess about where rates go next.

3232 OLD KINGS Road, Jacksonville, FL 32254 (MLS# 2147536)

3232 OLD KINGS Road, Jacksonville, FL 32254

New Listing

$1,090,000

Property Type: Commercial Sale Square Footage: 7,440 Lot Size (sq. ft.): 60,984 Status: Active

Current Price: $1,090,000 List Date: 11/02/2026 Last Modified: 11/04/2026

Overview

Description

3232 Old Kings Rd offers a rare opportunity to acquire a ±7,440 SF airplane hangar-style warehouse on approximately 1.4 acres zoned IL (Light Industrial). Located directly alongside the railroad in Jacksonville's industrial corridor, the property is well suited for logistics, storage, manufacturing, or fleet operations. The building features 2 loading docks, 3 roll-up doors, 2 office spaces, 1 bathroom, and expansive open warehouse space with ample outdoor parking and storage area. The property is tenant occupied under a NNN lease with a few months remaining, providing immediate income. The current tenant has expressed interest in remaining long term and signing a new lease, creating strong potential for stable future cash flow.

Listing Details MLS# 2147536

General Property Information

Building Area Total: 7440
Year Built: 1940
Lot Size Acres: 1.4
Waterfront YN: No
Directions: Head N on Edgewood Ave, turn right onto Old Kings Rd and head SE for .5 miles, property is on your right
Public Remarks: 3232 Old Kings Rd offers a rare opportunity to acquire a ±7,440 SF airplane hangar-style warehouse on approximately 1.4 acres zoned IL (Light Industrial). Located directly alongside the railroad in Jacksonville's industrial corridor, the property is well suited for logistics, storage, manufacturing, or fleet operations. The building features 2 loading docks, 3 roll-up doors, 2 office spaces, 1 bathroom, and expansive open warehouse space with ample outdoor parking and storage area. The property is tenant occupied under a NNN lease with a few months remaining, providing immediate income. The current tenant has expressed interest in remaining long term and signing a new lease, creating strong potential for stable future cash flow.
List Price/SqFt: 146.51

Property Features

Business Type: Auto Parts Cooling: Wall/Window Unit(s) Current Use: Industrial; Investment Existing Lease Type: NNN Fencing: Chain Link Lot Features: Irregular Lot Parking Features: Other Possession: Subject To Tenant Rights Sale Includes: Building & Land Sewer: Septic Tank Utilities: Water Connected Water Source: Public

Contract Information

Listing Contract Date: 2026-05-27
Property Sub Type: Warehouse

Location Tax and Legal

Street Number: 3232
Street Name: OLD KINGS
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32254
MLS Area Major: 074-Paxon

Status Change Information

Major Change Timestamp: 2026-11-02T16:00:25Z
Major Change Type: Status Change
Price Change Timestamp: 2026-10-26T14:12:00Z

Building Features

# Loading Docks: 2
Building Class: C

More Information

Income and Expenses

Net Operating Income: 69761.59

Documents

Survey ›

Info Sheet ›

Flyer ›

Listing Office: KELLER WILLIAMS ST JOHNS

Last Updated: November - 04 - 2026

Information deemed reliable but not guaranteed.

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Zelda Greenberg is a real estate agent affiliated with Legacy Realty Group North Florida, Inc., a licensed real estate brokerage that abides by equal housing opportunity laws. This is not intended to solicit property already listed. All material presented is intended for informational purposes only. Information is compiled from sources that are deemed reliable but subject to price changes, condition, sale, withdrawal, and errors & omissions.

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