Class A Office
For Sale
Contact for pricing
1354 N Laura St, Jacksonville, FL 32206
Fully renovated Class A office building with high ceilings, built-in shelving, and rear plus on-street parking.
Property Size9,000 SF
Price / SF$177.78
Days on Market1043
Property Features for 1354 N Laura St
General Information
Standard status
Active
Size
9,000 SF
Class
A
Property subtype
OFFICE
Amenities
High ceilings
Rear parking and on-street parking
Built-in shelving in offices
Building Details
Year Renovated
2005
Listing Agency:
CBRE | Jacksonville
(904) 630-6346
Listed By:
Oliver Barakat · License #633995
Source:
Moodyscre
Added: Oct 5, 2023
Changed: Jul 28
Last Checked: Jul 28 at 10:35AM
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 CBRE | Jacksonville
Investment Insights
Based on property information with market context.
This Class 'A' office building was fully renovated/reconstructed in 2005. The space features high ceilings and built-in shelving in the offices, offering functional storage and organization for day-to-day operations.
Parking is available both in the rear and on-street, supporting straightforward access for employees and visitors.
With its office-focused improvements and renovated interior, the property is well-suited for professional use where high ceilings and built-in shelving are important to the workspace layout.
Parking is available both in the rear and on-street, supporting straightforward access for employees and visitors.
With its office-focused improvements and renovated interior, the property is well-suited for professional use where high ceilings and built-in shelving are important to the workspace layout.
Key Highlights
- Class 'A' office building fully renovated/reconstructed in 2005
- High ceilings throughout
- Built‑in shelving in the office spaces
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
$129,438
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
8.09%
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%
$2,588,760
$2.6M
Cap Rate 7%
$1,849,114
$1.8M
Cap Rate 9%
$1,438,200
$1.4M
Market Conditions
NOI Build-Up for 9,000 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
$216.0K $24.00/SF
− Vacancy
−$43.4K −$4.82/SF
EGI
$172.6K $19.18/SF
− OpEx
−$43.1K −$4.79/SF
NOI
$129.4K $14.38/SF
Area
Jacksonville, FL
Vacancy
20.10%
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%
$2,588,760
Cap Rate 7%
$1,849,114
Cap Rate 9%
$1,438,200
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,438 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,584 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Fully renovated Class A office building with high ceilings, built-in shelving, and rear plus on-street parking.
Where is this office building located?
The property is located at 1354 N Laura St Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Class 'A' office building fully renovated/reconstructed in 2005; High ceilings throughout; Built‑in shelving in the office spaces
