Dental Office in Commercial
For Sale
Contact for pricing
1850 Bellair Blvd, Orange Park, FL 32073
Well-maintained dental office with fully equipped operatories and ample parking.
Property Size4,010 SF
Price / SF$311.47
Days on Market574
Property Features for 1850 Bellair Blvd
General Information
Standard status
Active
Size
4,010 SF
Class
B
Total Parking Spaces
22
Property subtype
Office
Zoning
CPO - Commercial Professional Office
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Listing Agency:
Landmark Commercial Realty Group Inc
(904) 477-1017
Listed By:
Stephen Nebrat · License #BK605752
Source:
Crexi
Added: Feb 3, 2025
Changed: Aug 25
Last Checked: Aug 29 at 7:37PM
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 Landmark Commercial Realty Group Inc
Investment Insights
Based on property information with market context.
This is a well-maintained dental office located in a thriving commercial district. The property features 4 fully equipped operatories, a procedure room, a dedicated hygiene room, a dental lab, and a doctor's office with a shower. There is also a comfortable patient waiting area. The property size is 4010 square feet. Ample parking is available for both patients and staff. This property presents an opportunity for a dentist seeking an established practice. Seller's financing is available with agreeable terms.
Key Highlights
- Seller's financing available with agreeable terms.
- 4 fully equipped operatories** to facilitate a seamless practice transition.
- Situated in a thriving commercial district.
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
$56,156
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
4.50%
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%
$1,123,120
$1.1M
Cap Rate 7%
$802,229
$802.2K
Cap Rate 9%
$623,956
$624.0K
Market Conditions
NOI Build-Up for 4,010 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
$96.2K $24.00/SF
− Vacancy
−$21.4K −$5.33/SF
EGI
$74.9K $18.67/SF
− OpEx
−$18.7K −$4.67/SF
NOI
$56.2K $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%
$1,123,120
Cap Rate 7%
$802,229
Cap Rate 9%
$623,956
Alternative Uses
Best Use
Office B
$802.2K
$702.0K – $935.9K
NOI $56,156 @ 7.0% cap · market cap 4.50%
Second Best
Healthcare Medical
$762.2K
$666.9K – $889.3K
NOI $53,355 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$1.07M
$935.9K – $1.25M
NOI $74,875 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,444
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pet/Ct Center of N Florida — 1895 Kingsley Ave # 600, Orange Park, FL 32073
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained dental office with fully equipped operatories and ample parking.
Where is this medical office space located?
The property is located at 1850 Bellair Blvd Orange Park, FL.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Seller's financing available with agreeable terms.; 4 fully equipped operatories** to facilitate a seamless practice transition.; Situated in a thriving commercial district.
