Multi-Tenant Medical Office
1540 Business Center Dr Fleming Island, FL 32003
1540 Business Center Dr, Fleming Island, FL, 32003
Contact for pricing
For Sale
Contact for pricing
Fully leased medical office with specialized tenant buildouts and recently extended leases.
Property Size10,197 SF
Price / SF$311.25
Days on Market31
Property Features for 1540 Business Center Dr
General Information
- Standard status
- Active
- Size
- 10,197 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1998
Listing agency
Matthews
Listed by
Jacob Allen · License #FL3558421
Source
Crexi
Added: Jun 22 Updated: Jul 22 at 4:18AM Checked: Jul 22 at 4:18AM
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 Matthews
Investment Insights
Based on property information with market context.
This 100% occupied multi-tenant medical office investment features Precision Imaging Centers, North Florida Eye Surgeons, and Bella Lei Aesthetics. The property is predominantly structured as a net lease, which helps minimize landlord responsibilities while supporting tenant-funded, specialized medical buildouts. The current leasing posture includes recently extended leases and annual rent increases.
The asset is located at 1540 Business Center Dr in Fleming Island, within the Jacksonville MSA.
As an occupied healthcare real estate holding, it offers stability supported by tenant investment in medical-specific improvements and a lease structure designed to shift the majority of ongoing responsibilities away from the landlord.
The asset is located at 1540 Business Center Dr in Fleming Island, within the Jacksonville MSA.
As an occupied healthcare real estate holding, it offers stability supported by tenant investment in medical-specific improvements and a lease structure designed to shift the majority of ongoing responsibilities away from the landlord.
Key Highlights
- Built in 1998 medical office building with fully leased, multi‑tenant occupancy
- Tenants include Precision Imaging Centers, North Florida Eye Surgeons, and Bella Lei Aesthetics
- Recently extended leases supporting continued occupancy
Local 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 | $244.7k | $24.00 |
| − Vacancy | −$54.3k | −$5.33 |
| EGI | $190.4k | $18.67 |
| − OpEx | −$47.6k | −$4.67 |
| NOI | $142.8k | $14.00 |
10,197 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.04M
$1.78M – $2.38M
NOI $142,799 @ 7.0% cap · market cap 4.50%
Second Best
Healthcare Medical
$1.94M
$1.70M – $2.26M
NOI $135,677 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,398 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Precision Imaging Centers
Medical Clinic
Bella Lei Aesthetics ...
Spa & Massage Center
Similar Off Market Nearby
- Fleming Island Pet Clinic: Antar Randa DVM — 4711 Hwy 17, Orange Park, FL 32003
- Fleming Island Pet Clinic: Lowry Alanna DVM — 4711 Hwy 17, Orange Park, FL 32003
- Curtis-Velasco Michelle DVM — 4711 Hwy 17, Orange Park, FL 32003
- VCA Fleming Island Animal Hospital — 4711 Hwy 17 BLDG D, Fleming Island, FL 32003
- Vetco Total Care Animal Hospital — 1514 County Rd 220, Fleming Island, FL 32003
FAQs
What type of property is this?
Medical Office Space - Fully leased medical office with specialized tenant buildouts and recently extended leases.
Where is this medical office space located?
The property is located at 1540 Business Center Dr Fleming Island, FL.
What is the asking price?
The asking price for this property is $3,173,785.
What are key features of this property?
This property features: Built in 1998 medical office building with fully leased, multi‑tenant occupancy; Tenants include Precision Imaging Centers, North Florida Eye Surgeons, and Bella Lei Aesthetics; Recently extended leases supporting continued occupancy
