Office-Retail Condo
1301 Penman Road Unit C Jacksonville Beach, FL 32250
For Sale
$450,000
Pending
Remodeled condo suite with enclosed rooms for multiple service or meeting areas and ample parking on Penman Road.
Property Size1,000 SF
Days on Market164
Property Features for 1301 Penman Road Unit C
General Information
- Standard status
- Pending
- Size
- 1,000 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1983
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
(904) 710-6322
Listed By:
GARY DENMAN · License #3274941
(904) 710-6322
Source:
Compass
Added: Feb 9
Changed: Jul 23
Last Checked: Jul 23 at 1:43PM
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 BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Investment Insights
Based on property information with market context.
Located at 1301 Penman Road, Unit C, this remodeled office/retail condo offers flexible space with four enclosed rooms separated within the unit, supporting multiple meeting or service areas. The property also includes a newer roof.
The suite is positioned on Penman Road between Beach Blvd. and Atlantic Blvd., with ample parking described as over 50 spaces. The on-site commercial mix in the complex includes businesses such as nail and hair salons and law offices.
This is a for-sale opportunity for buyers seeking an adaptable office and retail configuration within a multi-use commercial condo setting.
The suite is positioned on Penman Road between Beach Blvd. and Atlantic Blvd., with ample parking described as over 50 spaces. The on-site commercial mix in the complex includes businesses such as nail and hair salons and law offices.
This is a for-sale opportunity for buyers seeking an adaptable office and retail configuration within a multi-use commercial condo setting.
Key Highlights
- 1,000 SF office/retail use condo on Penman Rd in Jacksonville Beach
- Remodeled interior with 4 enclosed rooms for separate meeting/service areas
- Ample parking with over 50 spaces
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 | $24.0k | $24.00 |
| − Vacancy | −$5.3k | −$5.33 |
| EGI | $18.7k | $18.67 |
| − OpEx | −$4.7k | −$4.67 |
| NOI | $14.0k | $14.00 |
1,000 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$200.1K
$175.1K – $233.4K
NOI $14,004 @ 7.0% cap · market cap 3.11%
Second Best
Retail
$164.7K
$144.1K – $192.2K
NOI $11,529 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$266.7K
$233.4K – $311.2K
NOI $18,672 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Remodeled condo suite with enclosed rooms for multiple service or meeting areas and ample parking on Penman Road.
Where is this office units located?
The property is located at 1301 Penman Road Unit C Jacksonville Beach, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,000 SF office/retail use condo on Penman Rd in Jacksonville Beach; Remodeled interior with 4 enclosed rooms for separate meeting/service areas; Ample parking with over 50 spaces
