Multi-Tenant Office
2301 Park Avenue Unit #300 Orange Park, FL 32073
2301 Park Avenue Unit #300, Orange Park, FL, 32073
$915,000
For Sale
$915,000
Fully occupied office plaza with long-term tenants, located off busy Hwy 17 with ample parking.
Property Size5,092 SF
Price / SF$179.69
Days on Market887
Property Features for 2301 Park Avenue Unit #300
General Information
- Standard status
- Active
- Size
- 5,092 SF
- Property subtype
- Office
Building Details
- Year Built
- 1976
Listing agency
CB ISAAC REALTY
(352) 475-2199
Listed by
Ronald Blake · License #652810
Source
Xome
Added: Feb 15, 2024 Updated: Jul 21 at 4:26AM Checked: Jul 21 at 4:26AM
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 CB ISAAC REALTY
Investment Insights
Based on property information with market context.
This multi-tenant office building is offered for sale with 100% occupancy and long-term leases in place. The property is currently home to four businesses within the plaza.
The building is located right off busy Hwy 17 in Orange Park, providing convenient access and ample parking for tenants and visitors. The plaza also presents a relatively tranquil setting.
The offering is positioned as an occupied, revenue-producing office asset with existing tenant roll, within a readily accessible parking-equipped environment off Hwy 17.
The building is located right off busy Hwy 17 in Orange Park, providing convenient access and ample parking for tenants and visitors. The plaza also presents a relatively tranquil setting.
The offering is positioned as an occupied, revenue-producing office asset with existing tenant roll, within a readily accessible parking-equipped environment off Hwy 17.
Key Highlights
- Fully occupied office plaza with long‑term leases in place
- 4 businesses on‑site
- Located right off busy Hwy 17
Local 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 | $122.2k | $24.00 |
| − Vacancy | −$27.1k | −$5.33 |
| EGI | $95.1k | $18.67 |
| − OpEx | −$23.8k | −$4.67 |
| NOI | $71.3k | $14.00 |
5,092 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.02M
$891.4K – $1.19M
NOI $71,308 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,078 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Oral Facial Surgery ...
Dental Office
JQ Beauty Bar
(Bike/Boat/Book/etc) Store
Tech Ambience
(Bike/Boat/Book/etc) Store
Mc Alpin Buddy ...
Dental Office
Mary Larson
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Fully occupied office plaza with long-term tenants, located off busy Hwy 17 with ample parking.
Where is this office units located?
The property is located at 2301 Park Avenue Unit #300 Orange Park, FL.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Fully occupied office plaza with long‑term leases in place; 4 businesses on‑site; Located right off busy Hwy 17
