Leased Medical Office
1555 Kingsley Avenue #604/5 Orange Park, FL 32073
New
1555 Kingsley Avenue #604/5, Orange Park, FL, 32073
$475,000
For Sale
$475,000
Two connected office units are sold together and currently leased to a medical practice through July 2027.
Property Size2,280 SF
Price / SF$208.33
Days on Market6
Property Features for 1555 Kingsley Avenue #604/5
General Information
- Standard status
- Active
- Size
- 2,280 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2002
Listing agency
LA ROSA REALTY NORTH FLORIDA, LLC.
(469) 579-8586
Listed by
MALLIKARJUNA KAMAVARAM
(469) 579-8586
Source
Giffordproperties
Added: Jul 17 Updated: Jul 22 at 12:35PM Checked: Jul 22 at 12:35PM
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 LA ROSA REALTY NORTH FLORIDA, LLC.
Investment Insights
Based on property information with market context.
This property consists of two office suites sold together and currently leased to a medical practice. The units have been maintained and updated, including a new roof in 2025, new HVAC systems in both units in 2026, and a replaced water heater in 2024. Both units are leased together, providing a single, cohesive arrangement.
The location is described as being just minutes from Orange Park Medical Center, aligning the property with an established medical corridor.
The existing lease is set to expire in July 2027, with the tenant expressing interest in extending the lease.
The location is described as being just minutes from Orange Park Medical Center, aligning the property with an established medical corridor.
The existing lease is set to expire in July 2027, with the tenant expressing interest in extending the lease.
Key Highlights
- Two connected office units sold together and currently leased to a medical practice through July 2027
- Year built 2002 medical office suites leased as a single combined tenant arrangement
- New roof installed in 2025
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 | $54.7k | $24.00 |
| − Vacancy | −$12.1k | −$5.33 |
| EGI | $42.6k | $18.67 |
| − OpEx | −$10.6k | −$4.67 |
| NOI | $31.9k | $14.00 |
2,280 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$456.1K
$399.1K – $532.2K
NOI $31,929 @ 7.0% cap · market cap 6.72%
Second Best
Healthcare Medical
$433.4K
$379.2K – $505.6K
NOI $30,337 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$608.2K
$532.2K – $709.5K
NOI $42,572 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Comprehensive MedPsych Systems ...
Crisis Center
Dr. Jared B. ...
Physician
Alon-Alon Mary R ...
Dental Office
Todd Henry Law
Law Firm
Henry & Henry Law ...
Law Firm
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FAQs
What type of property is this?
Medical Office Space - Two connected office units are sold together and currently leased to a medical practice through July 2027.
Where is this medical office space located?
The property is located at 1555 Kingsley Avenue #604/5 Orange Park, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two connected office units sold together and currently leased to a medical practice through July 2027; Year built 2002 medical office suites leased as a single combined tenant arrangement; New roof installed in 2025
