Adjoining Office Suites with Two
For Sale
$690,000
10-91 Branscomb Rd, Green Cove Springs, FL 32043
Two adjoining office suites on a lagoon setting, designed for professional use with multiple conference and office rooms.
Property Size2,491 SF
Price / SF$276
Days on Market172
Property Features for 10-91 Branscomb Rd
General Information
Standard status
Active
Size
2,491 SF
Taxes and HOA fees
Annual Taxes
$2,185
Listing Agency:
KELLER WILLIAMS ST JOHNS
(904) 867-7694
Listed By:
MELISSA CARSON HERMAN · License #3418096
(904) 535-4430
Source:
Exprealty
Added: May 18
Changed: Nov 5
Last Checked: Nov 4 at 2:34PM
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 KELLER WILLIAMS ST JOHNS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Units 9 and 10 are included in the sale and currently function as well-finished, well-maintained office suites that adjoin and offer two separate doors. The layout provides a total of six offices, including one office used for storage, along with two large conference rooms. Additional interior features include a lobby area, an admin area, a bathroom, an IT/electrical room, a kitchen/breakroom, and an HVAC closet with storage. The configuration can also be reworked to operate as two separate suites by adding an additional bathroom.
The property is situated on a lagoon, with visibility from Henley Rd. The broader area is described as part of the growing Blanding Blvd and Henley Rd corridors in Clay County, with nearby access to Orange Park, Jacksonville, Oakleaf Plantation, and Green Cove Springs, as well as connectivity to the First Coast Expressway.
With its mix of private offices, conference space, and dedicated support rooms, the space is suited for a variety of professional uses, including a medical clinic, law firm, or other office-based business. The two-entry setup and the ability to separate the plan further make it practical for organizations that value flexible access and defined internal areas.
The property is situated on a lagoon, with visibility from Henley Rd. The broader area is described as part of the growing Blanding Blvd and Henley Rd corridors in Clay County, with nearby access to Orange Park, Jacksonville, Oakleaf Plantation, and Green Cove Springs, as well as connectivity to the First Coast Expressway.
With its mix of private offices, conference space, and dedicated support rooms, the space is suited for a variety of professional uses, including a medical clinic, law firm, or other office-based business. The two-entry setup and the ability to separate the plan further make it practical for organizations that value flexible access and defined internal areas.
Key Highlights
- Sale includes both units 9 and 10, two adjoining office suites with two separate doors
- Combined layout features 6 offices total (1 currently used for storage) plus a lobby area and admin area
- Two large conference rooms, along with a kitchen/breakroom, bathroom, and IT/electrical room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,884
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,680
$697.7K
Cap Rate 7%
$498,343
$498.3K
Cap Rate 9%
$387,600
$387.6K
Market Conditions
NOI Build-Up for 2,491 SF
Gross rent
$59.8K $24.00/SF
− Vacancy
−$13.3K −$5.33/SF
EGI
$46.5K $18.67/SF
− OpEx
−$11.6K −$4.67/SF
NOI
$34.9K $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 Rate 5%
$697,680
Cap Rate 7%
$498,343
Cap Rate 9%
$387,600
Alternative Uses
Best Use
Office B
$498.3K
$436.1K – $581.4K
NOI $34,884 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$664.5K
$581.4K – $775.2K
NOI $46,512 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 32043, FL
30,369
Population
13,331
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
92%
High-School Grad
229.3 sq mi
ZIP Area
132
Density / Sq Mi
$80,698
Median Household Income
$46,310
Median Earnings
$1,370
Median Rent
$292,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two adjoining office suites on a lagoon setting, designed for professional use with multiple conference and office rooms.
Where is this office unit located?
The property is located at 10-91 Branscomb Rd Green Cove Springs, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Sale includes both units 9 and 10, two adjoining office suites with two separate doors; Combined layout features 6 offices total (1 currently used for storage) plus a lobby area and admin area; Two large conference rooms, along with a kitchen/breakroom, bathroom, and IT/electrical room
