Four-Unit Office Condo
For Sale
$1,650,000
105 Durbin Station Court Building 400, Saint Johns, FL 32259
Four deeded office units are offered together within a professional office park.
Property Size4,460 SF
Days on Market51
Property Features for 105 Durbin Station Court Building 400
General Information
Standard status
Active
Size
4,460 SF
Property subtype
Purpose-Built Pet Care Facility
Additional Details
Office Units
4
Building Details
Building Size
4,460 SF
Year Built
2021
Listed By:
Daniel Burkhardt, SIOR, CCIM, MSRE
(904) 404-4455
Source:
Naihallmark
Added: Aug 26
Changed: Oct 8
Last Checked: Oct 14 at 9:28PM
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 Daniel Burkhardt, SIOR, CCIM, MSRE
Investment Insights
Based on property information with market context.
This 2021 office condominium offering includes four separately deeded units being marketed as one combined assemblage. The property is situated in Building 400 at 105 Durbin Station Court and forms part of the Durbin Station professional office park.
The office park is located in northern St. Johns County near Race Track Road and Florida 9B. Its position provides access to surrounding residential communities and connects the property with the broader local area.
The office park is located in northern St. Johns County near Race Track Road and Florida 9B. Its position provides access to surrounding residential communities and connects the property with the broader local area.
Key Highlights
- Four individually deeded office condominium units offered as one assemblage
- Constructed in 2021
- Located within the Durbin Station professional office park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,144
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,880
$1.3M
Cap Rate 7%
$916,343
$916.3K
Cap Rate 9%
$712,711
$712.7K
Market Conditions
NOI Build-Up for 4,460 SF
Gross rent
$107.0K $24.00/SF
− Vacancy
−$21.5K −$4.82/SF
EGI
$85.5K $19.18/SF
− OpEx
−$21.4K −$4.79/SF
NOI
$64.1K $14.38/SF
Area
Jacksonville, FL
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,880
Cap Rate 7%
$916,343
Cap Rate 9%
$712,711
Alternative Uses
Best Use
Office B
$916.3K
$801.8K – $1.07M
NOI $64,144 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,525 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 32259, FL
62,169
Population
23,235
Households
2.7
Avg Household Size
38
Median Age
54%
College-Educated
98%
High-School Grad
56.5 sq mi
ZIP Area
1,100
Density / Sq Mi
$144,168
Median Household Income
$65,584
Median Earnings
$2,268
Median Rent
$480,800
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 - Four deeded office units are offered together within a professional office park.
Where is this office units located?
The property is located at 105 Durbin Station Court Building 400 Saint Johns, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Four individually deeded office condominium units offered as one assemblage; Constructed in 2021; Located within the Durbin Station professional office park
