Two-Unit Medical Office
For Sale
$1,199,000
1906 DEBARRY Avenue, Orange Park, FL 32073
Commercial Sale, Orange Park, FL
Property Size3,408 SF
Lot Size0.51 Acres
Price / SF$351.82
Days on Market427
Property Features for 1906 DEBARRY Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Professional/Office
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 5
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Few Trees
Directions
Step-by-Step Directions Head south on Blanding Blvd (SR21) Drive until you reach the Kingsley Avenue (SR224) intersection. Turn left (east) onto Kingsley Ave (SR224) Continue about 0.3-0.5 miles. Turn right (south) onto DeBarry Ave After a short distance, turn right off Kingsley. Drive to 1906 DeBarry Ave Office building number should appear on the right.
Subdivision
132-Bellair/Grove Park
Standard status
Active
APN
41042602025500000
Size
3,408 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7431
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1978
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile
Building materials
Brick, Concrete
Roof type
Shingle
Listing Agency:
FORWARD REAL ESTATE INVESTMENT GROUP LLC
Listed By:
LARRY BOYLES · License #3279114
(904) 655-7778
Added: Jul 8, 2025
Changed: Sep 5
Last Checked: Sep 7 at 3:06PM
MLS# 2097571
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.
This 3,408-square-foot medical office property contains two separately configured units suited to healthcare operations. Unit 1 includes six patient rooms, three bathrooms, a combined kitchen and lab area, a private restroom, a doctor’s office with an en-suite bathroom, a manager’s office, and storage closets. Unit 2 provides an EKG and patient room, X-ray room, utility room, kitchen, doctor’s office with an en-suite bathroom, guest bathroom, lobby, waiting area, and additional storage.
The property occupies 0.51 acres at 1906 DeBarry Avenue in Orange Park and carries CN zoning, which also supports a variety of other business types. Built in 1978, the building features brick and concrete construction, carpet and tile flooring, central heating and central air, a shingle roof, public sewer, and a dedicated parking lot. An accessible approach with ramp supports entry access.
The property occupies 0.51 acres at 1906 DeBarry Avenue in Orange Park and carries CN zoning, which also supports a variety of other business types. Built in 1978, the building features brick and concrete construction, carpet and tile flooring, central heating and central air, a shingle roof, public sewer, and a dedicated parking lot. An accessible approach with ramp supports entry access.
Key Highlights
- 3,408‑square‑foot medical office property with two configured units
- Unit 1 includes 6 patient rooms, 3 bathrooms, offices, kitchen/lab area, and storage
- Unit 2 includes EKG/patient and X‑ray rooms, offices, lobby, waiting area, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,726
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$954,520
$954.5K
Cap Rate 7%
$681,800
$681.8K
Cap Rate 9%
$530,289
$530.3K
Market Conditions
NOI Build-Up for 3,408 SF
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.
Gross rent
$81.8K $24.00/SF
− Vacancy
−$18.2K −$5.33/SF
EGI
$63.6K $18.67/SF
− OpEx
−$15.9K −$4.67/SF
NOI
$47.7K $14.00/SF
Area
Clay County, FL
Vacancy
22.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$954,520
Cap Rate 7%
$681,800
Cap Rate 9%
$530,289
Alternative Uses
Best Use
Office B
$681.8K
$596.6K – $795.4K
NOI $47,726 @ 7.0% cap · market cap 3.98%
Second Best
Healthcare Medical
$647.8K
$566.8K – $755.8K
NOI $45,345 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$909.1K
$795.4K – $1.06M
NOI $63,634 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32073, FL
43,527
Population
17,301
Households
2.5
Avg Household Size
41
Median Age
27%
College-Educated
92%
High-School Grad
16.8 sq mi
ZIP Area
2,591
Density / Sq Mi
$76,139
Median Household Income
$40,947
Median Earnings
$1,392
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - CN-zoned facility with dedicated patient, provider, administrative, and support areas.
Where is this medical office space located?
The property is located at 1906 DEBARRY Avenue Orange Park, FL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 3,408‑square‑foot medical office property with two configured units; Unit 1 includes 6 patient rooms, 3 bathrooms, offices, kitchen/lab area, and storage; Unit 2 includes EKG/patient and X‑ray rooms, offices, lobby, waiting area, and storage
