Two-Unit Office Condo
For Sale
Contact for pricing
11555 Central Pkwy, Jacksonville, FL 32224
Well-maintained office condos offering multiple private offices, conference space, and ADA restrooms.
Property Size2,310 SF
Price / SF$270.56
Days on Market649
Property Features for 11555 Central Pkwy
General Information
Standard status
Active
Size
2,310 SF
Property subtype
OFFICE
Listing Agency:
Harrison Commercial Properties
(850) 421-3535
Listed By:
George Harrison · License #BK655262
(850) 421-3535
Source:
Moodyscre
Added: Oct 21, 2024
Changed: Jul 27
Last Checked: Jul 27 at 3:25PM
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 Harrison Commercial Properties
Investment Insights
Based on property information with market context.
This for-sale offering includes two Jacksonville office condominium units in the St. Johns area, located in the Offices at East Park. Unit 603 is configured with three individual offices, a conference room, and includes an ADA restroom and a breakroom. Unit 604 features a lobby/reception area, additional workspace, a large executive office, an associate’s office, a breakroom, and two ADA restrooms.
The property is located across from the entrance to the University of North Florida, and the St. Johns Center is about five minutes away. Quick access to I-95 is also noted in the remarks.
The owner is open to executing a leaseback on one of the units at market rent, with the intent to provide immediate income while allowing flexibility for additional tenants or owner-user occupancy.
The property is located across from the entrance to the University of North Florida, and the St. Johns Center is about five minutes away. Quick access to I-95 is also noted in the remarks.
The owner is open to executing a leaseback on one of the units at market rent, with the intent to provide immediate income while allowing flexibility for additional tenants or owner-user occupancy.
Key Highlights
- Two Jacksonville office condo units in the St. Johns area at East Park
- Unit 603 includes 3 individual offices, a conference room, an ADA restroom, and a breakroom
- Unit 604 features a lobby/reception area, additional workspace, a large executive office, an associate’s office, a breakroom, and two ADA restrooms
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 | $55.4k | $24.00 |
| − Vacancy | −$11.1k | −$4.82 |
| EGI | $44.3k | $19.18 |
| − OpEx | −$11.1k | −$4.79 |
| NOI | $33.2k | $14.38 |
2,310 SF · lease $24.00/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$474.6K
$415.3K – $553.7K
NOI $33,222 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.8K
$553.7K – $738.3K
NOI $44,297 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 32224, FL
42,395
Population
17,221
Households
2.5
Avg Household Size
36
Median Age
54%
College-Educated
97%
High-School Grad
20.9 sq mi
ZIP Area
2,028
Density / Sq Mi
$80,774
Median Household Income
$48,043
Median Earnings
$1,690
Median Rent
$425,500
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office condos offering multiple private offices, conference space, and ADA restrooms.
Where is this office units located?
The property is located at 11555 Central Pkwy Jacksonville, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two Jacksonville office condo units in the St. Johns area at East Park; Unit 603 includes 3 individual offices, a conference room, an ADA restroom, and a breakroom; Unit 604 features a lobby/reception area, additional workspace, a large executive office, an associate’s office, a breakroom, and two ADA restrooms
