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    550 N Balmoral Cir, Unit Jacksonville Jacksonville, FL 32218

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    For Sale
    $1,094,374

    Fully leased office condo investment opportunity in North Jacksonville.

    Property size:
    3 SF

    Property Features for 550 N Balmoral Cir

    General Information

    Size
    3 SF

    Building Details

    Year built
    1988

    Source: Eric Maimo Agent Eric Maimo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Jacksonville Office Condo Investment Portfolio

    An office condo investment portfolio is available within the Busch Drive Business Park in North Jacksonville. The portfolio consists of Units 204, 205, 206/207, 208, 303 and 308/309. These office suites are fully occupied with new 5-year leases in place and are being converted into office condominiums. This NNN leased investment opportunity is available below replacement cost.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duffey Southeast Inc General Contractor Transformations Salon Studio Hair Salon Captain Kirk Property ... Real Estate Rental Agency Jacksonville A Garage Door ... Garage Door Supplier Sunteck Transport Trucking Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6535549
    Latitude
    30.4283719

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    FAQs

    What type of property is this?
    Office space - Fully leased office condo investment opportunity in North Jacksonville.
    Where is this office space located?
    The property is located at 550 N Balmoral Cir, Unit Jacksonville Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $1,094,374.
    What are key features of this property?
    This property features: - Fully occupied office condo investment portfolio with new 5-year leases in place.; - Rare NNN (triple net lease) investment opportunity.; - Suites are being fully converted into office condominiums.
    (904) 827-1717
    Request Owner's contact information
    550 N Balmoral Cir, Unit Jacksonville Jacksonville, FL 32218
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    Jacksonville, FL 32218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    550 N Balmoral Cir, Unit Jacksonville Jacksonville, FL 32218
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