Medical Office Condo with Exam
1411 S 14th St Ste B, Fernandina Beach, FL 32034
For Sale
New
$330,000
Configured for clinical and administrative operations, the suite includes patient reception, treatment rooms, and private offices.
Property Size1,665 SF
Price / SF$198.20
Days on Market7
Property Features for 1411 S 14th St Ste B
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Office Units
Property Use
Building Details
Year Built
Listing Agency:
AMELIA COASTAL REALTY LLC
Listed By:
Tara Thousand · License FL #3378223
(904) 710-1870
Source:
Viewhomesonameliaisland
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 5:13PM
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 AMELIA COASTAL REALTY LLC
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Investment Insights
Based on property information with market context.
This 1,665-square-foot medical office condominium was built in 1985 and includes four exam rooms, each with a sink, a nurses’ station, a waiting area, and reception. The layout also provides three private offices, two restrooms, and an upstairs area for staff breaks and storage.
The unit is in 14th Professional Plaza at 1411 S 14th St, Suite B, in Fernandina Beach. Baptist Medical Center Nassau is approximately half a mile away.
The unit is in 14th Professional Plaza at 1411 S 14th St, Suite B, in Fernandina Beach. Baptist Medical Center Nassau is approximately half a mile away.
Key Highlights
- 1,665‑square‑foot medical office condominium
- Four exam rooms, each equipped with a sink
- Nurses’ station, waiting area, and reception space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,317
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,340
$466.3K
Cap Rate 7%
$333,100
$333.1K
Cap Rate 9%
$259,078
$259.1K
Market Conditions
NOI Build-Up for 1,665 SF
Gross rent
$40.0K $24.00/SF
− Vacancy
−$8.9K −$5.33/SF
EGI
$31.1K $18.67/SF
− OpEx
−$7.8K −$4.67/SF
NOI
$23.3K $14.00/SF
Area
Nassau County, FL
Vacancy
22.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,340
Cap Rate 7%
$333,100
Cap Rate 9%
$259,078
Alternative Uses
Best Use
Office B
$333.1K
$291.5K – $388.6K
NOI $23,317 @ 7.0% cap · market cap 7.07%
Second Best
Healthcare Medical
$316.5K
$276.9K – $369.2K
NOI $22,154 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$444.1K
$388.6K – $518.2K
NOI $31,089 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 32034, FL
38,167
Population
21,768
Households
1.8
Avg Household Size
56
Median Age
54%
College-Educated
97%
High-School Grad
65.0 sq mi
ZIP Area
587
Density / Sq Mi
$97,756
Median Household Income
$48,467
Median Earnings
$1,399
Median Rent
$484,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for clinical and administrative operations, the suite includes patient reception, treatment rooms, and private offices.
Where is this medical office space located?
The property is located at 1411 S 14th St Ste B Fernandina Beach, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,665‑square‑foot medical office condominium; Four exam rooms, each equipped with a sink; Nurses’ station, waiting area, and reception space
