Updated Office Condo with Private
1004-10175 Fortune Parkway Jacksonville, FL 32256
For Sale
$330,000
Updated office condo layout includes reception, four private offices, kitchen, and restroom for flexible professional use.
Property Size1,062 SF
Price / SF$310.73
Days on Market99
Property Features for 1004-10175 Fortune Parkway
General Information
Standard status
Active
Size
1,062 SF
Listing Agency:
PROPERTY THEATER LLC
(904) 803-9287
Listed By:
RICHARD B SKINNER
(904) 803-9287
Source:
Exprealty
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 8:57PM
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 PROPERTY THEATER LLC
Investment Insights
Based on property information with market context.
This updated office condo features a highly functional original floor plan with a reception area, four large private offices, a kitchen, and a restroom. The unit also includes an attic space. It is currently used as a spa, but the layout is suitable for conversion to professional office use.
The condo is located adjacent to an overflow parking area, supporting convenient onsite parking access. The office park is managed by a well funded condominium association.
For tenants or buyers seeking a compact, office-ready setup, the private office configuration supports teams that need enclosed workspaces, while the reception and restroom/kitchen amenities support client-facing or service-oriented operations. Because units do not come available often in the office park, this offering may appeal to buyers looking for a move-in-ready space within an established, professionally managed condo environment.
The condo is located adjacent to an overflow parking area, supporting convenient onsite parking access. The office park is managed by a well funded condominium association.
For tenants or buyers seeking a compact, office-ready setup, the private office configuration supports teams that need enclosed workspaces, while the reception and restroom/kitchen amenities support client-facing or service-oriented operations. Because units do not come available often in the office park, this offering may appeal to buyers looking for a move-in-ready space within an established, professionally managed condo environment.
Key Highlights
- Updated office condo layout with a reception area, four private offices, kitchen, and restroom
- Includes an attic space
- Condo association is well funded and managed
Financial Insights For Office B
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 | $25.5k | $24.00 |
| − Vacancy | −$5.7k | −$5.33 |
| EGI | $19.8k | $18.67 |
| − OpEx | −$5.0k | −$4.67 |
| NOI | $14.9k | $14.00 |
1,062 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$212.5K
$185.9K – $247.9K
NOI $14,872 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.3K
$247.9K – $330.5K
NOI $19,830 @ 7.0% cap · market cap 6.01%
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?
Office units - Updated office condo layout includes reception, four private offices, kitchen, and restroom for flexible professional use.
Where is this office units located?
The property is located at 1004-10175 Fortune Parkway Jacksonville, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Updated office condo layout with a reception area, four private offices, kitchen, and restroom; Includes an attic space; Condo association is well funded and managed
