Tenant-Occupied Office
102-859 Park Ave Orange Park, FL 32073
For Sale
$600,000
Versatile, tenant-occupied office space near US-17, configured for private offices, conference rooms, and reception areas.
Property Size3,072 SF
Price / SF$195.31
Days on Market69
Property Features for 102-859 Park Ave
General Information
- Standard status
- Active
- Size
- 3,072 SF
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
(904) 518-8806
Listed By:
GARRETT SHANE STEWART
(904) 518-8806
Source:
Exprealty
Added: May 19
Changed: Jul 25
Last Checked: Jul 25 at 12:01PM
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 VANGUARD REALTY
Investment Insights
Based on property information with market context.
This spacious commercial unit offers versatile office space with private offices, conference rooms, reception areas, and collaborative workspaces. The property is currently tenant-occupied and presented as a strong option for investors seeking immediate income and for future owner-users looking for a flexible layout.
Located in Orange Park in a highly visible and convenient area just off US-17, the unit provides easy access to major roadways and is surrounded by retail, dining, and other business centers.
With more than 3,000 square feet of flexible work areas, the space is well-suited for professional office, medical office, legal, or general business uses.
Located in Orange Park in a highly visible and convenient area just off US-17, the unit provides easy access to major roadways and is surrounded by retail, dining, and other business centers.
With more than 3,000 square feet of flexible work areas, the space is well-suited for professional office, medical office, legal, or general business uses.
Key Highlights
- Over 3,000 SF of versatile commercial office space in a highly visible location just off US‑17
- Tenant‑occupied, offering immediate income potential for investors
- Flexible layout supports professional, medical, legal, or general business use
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 | $73.7k | $24.00 |
| − Vacancy | −$16.4k | −$5.33 |
| EGI | $57.4k | $18.67 |
| − OpEx | −$14.3k | −$4.67 |
| NOI | $43.0k | $14.00 |
3,072 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$614.6K
$537.8K – $717.0K
NOI $43,020 @ 7.0% cap · market cap 7.17%
Second Best
Healthcare Medical
$583.9K
$510.9K – $681.3K
NOI $40,875 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$819.4K
$717.0K – $956.0K
NOI $57,360 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Sandy Paws Animal Hospital — 550 Wells Rd Suite 17, Orange Park, FL 32073
- North Florida Neurology: Meeks John DVM — 280 Corporate Way, Orange Park, FL 32073
- Affiliated Veterinary Specialists — 275 Corporate Way #100, Orange Park, FL 32073
- North Florida Neurology: Snyder Patti DVM — 280 Corporate Way, Orange Park, FL 32073
- Matthew Lackey — 275 Corporate Way #100, Orange Park, FL 32073
FAQs
What type of property is this?
Medical Office Space - Versatile, tenant-occupied office space near US-17, configured for private offices, conference rooms, and reception areas.
Where is this medical office space located?
The property is located at 102-859 Park Ave Orange Park, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Over 3,000 SF of versatile commercial office space in a highly visible location just off US‑17; Tenant‑occupied, offering immediate income potential for investors; Flexible layout supports professional, medical, legal, or general business use
