Renovated Office Building in Historic
For Sale
$1,600,000
1354 North Laura Street, Jacksonville, FL 32206
9,000 SF renovated office in Jacksonville's Historic District.
Property Size9,000 SF
Price / SF$177.78
Days on Market211
Property Features for 1354 North Laura Street
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Office
Listing Agency:
CBRE - Jacksonville
Listed By:
Oliver Barakat · License #633995
(904) 630-6346
Source:
Cbre
Added: Mar 25
Changed: Oct 20
Last Checked: Oct 20 at 7:10PM
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
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Investment Insights
Based on property information with market context.
This Class 'A' office building, totaling approximately 9,000 square feet, is situated in the Historic District, within walking distance of Klutho Park and the Main Street Retail District. The property was fully renovated and reconstructed in 2005. Interior features include high ceilings and built-in shelving in offices. Parking is available in the rear, as well as on-street parking. The location provides convenient access to restaurants, Interstates, San Marco, Five Points, Riverside, and Arlington.
Key Highlights
- Seller financing with favorable terms is available.
- Located in desirable Historic District, walking distance to Klutho Park and Main Street Retail District.
- Fully renovated/reconstructed in 2005 (Class 'A' building).**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,438
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,128
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office building - 9,000 SF renovated office in Jacksonville's Historic District.
Where is this office building located?
The property is located at 1354 North Laura Street 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: Seller financing with favorable terms is available.; Located in desirable Historic District, walking distance to Klutho Park and Main Street Retail District.; Fully renovated/reconstructed in 2005 (Class 'A' building).**
