Professional Office
For Sale
$450,000
1012-1555 Kingsley Ave, Orange Park, FL 32073
Flexible office condominium suited to professional, medical, administrative, and service-oriented operations.
Property Size2,380 SF
Price / SF$189.08
Days on Market120
Property Features for 1012-1555 Kingsley Ave
General Information
Standard status
Active
Size
2,380 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,317
Listing Agency:
Coldwell Banker Commercial Premier Properties
Listed By:
Eric Maimo · License #3254822
(904) 537-6443
Source:
Exprealty
Added: May 7
Changed: Sep 2
Last Checked: Aug 31 at 7:59PM
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
Investment Insights
Based on property information with market context.
This 2,380-square-foot office condominium provides a practical setting for professional, medical, administrative, or service-based operations. Its functional layout supports a range of office uses within an established commercial corridor.
The property is positioned near medical, retail, and service businesses along Kingsley Avenue in Orange Park. Access to I-295 and Blanding Boulevard connects the office to surrounding residential areas and other parts of the community.
The property is positioned near medical, retail, and service businesses along Kingsley Avenue in Orange Park. Access to I-295 and Blanding Boulevard connects the office to surrounding residential areas and other parts of the community.
Key Highlights
- 2,380‑square‑foot office condominium
- Functional layout for professional, medical, administrative, or service office use
- Located along Kingsley Avenue in Orange Park, FL
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
$33,330
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
7.41%
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%
$666,600
$666.6K
Cap Rate 7%
$476,143
$476.1K
Cap Rate 9%
$370,333
$370.3K
Market Conditions
NOI Build-Up for 2,380 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
$57.1K $24.00/SF
− Vacancy
−$12.7K −$5.33/SF
EGI
$44.4K $18.67/SF
− OpEx
−$11.1K −$4.67/SF
NOI
$33.3K $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%
$666,600
Cap Rate 7%
$476,143
Cap Rate 9%
$370,333
Alternative Uses
Best Use
Office B
$476.1K
$416.6K – $555.5K
NOI $33,330 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$634.8K
$555.5K – $740.7K
NOI $44,439 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office condominium suited to professional, medical, administrative, and service-oriented operations.
Where is this office units located?
The property is located at 1012-1555 Kingsley Ave Orange Park, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,380‑square‑foot office condominium; Functional layout for professional, medical, administrative, or service office use; Located along Kingsley Avenue in Orange Park, FL
