Multi-Building Office
1616 Jork Road Jacksonville, FL 32207
1616 Jork Road, Jacksonville, FL, 32207
$2,349,000
For Sale
$2,349,000
Single-story office buildings total 11 suites with ADA-accessible bathrooms and brick exteriors on a high-visibility corner site.
Property Size10,354 SF
Price / SF$226.87
Days on Market18
Property Features for 1616 Jork Road
General Information
- Standard status
- Active
- Size
- 10,354 SF
Listing Agency
PRICE REALTY GROUP
(904) 465-1724
Listed by
MICHAEL S PRICE
(904) 465-1724
Source
Exprealty
Added: Jun 30 Checked: Jul 16 at 11:31 pm
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 PRICE REALTY GROUP
Investment Insights
Based on property information with market context.
This multi-building office complex includes 4 single-story buildings totaling 9,900 square feet of office space. The configuration provides 11 office suites, each measuring 30 feet by 30 feet, with most suites set up with 4 offices. All buildings have handicap-accessible bathrooms. The property’s exterior is brick, and reported improvements include LED lighting upgrades for each suite exterior and bathrooms, HVAC replacements in most suites, and window replacements in most suites.
The complex fronts Atlantic Blvd and sits on the corner of Jork Road. The location is described as offering convenient access to EverBank Stadium and downtown Jacksonville across the St. Johns River, with the San Marco residential and retail district minutes to the west.
According to the listing, the office suites are fully occupied, supported by a complementary tenant mix and high-visibility location.
The complex fronts Atlantic Blvd and sits on the corner of Jork Road. The location is described as offering convenient access to EverBank Stadium and downtown Jacksonville across the St. Johns River, with the San Marco residential and retail district minutes to the west.
According to the listing, the office suites are fully occupied, supported by a complementary tenant mix and high-visibility location.
Key Highlights
- 11‑suite, single‑story office complex on the corner of Atlantic Blvd and Jork Road, with brick building exteriors
- Total of 9,900 SF office space across 4 buildings: 3 buildings with 1,800 SF each and 1 building with 4,500 SF
- Each office suite measures 30 ft. x 30 ft., with most suites having 4 offices
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 | $248.5k | $24.00 |
| − Vacancy | −$49.9k | −$4.82 |
| EGI | $198.5k | $19.18 |
| − OpEx | −$49.6k | −$4.79 |
| NOI | $148.9k | $14.38 |
10,354 SF · lease $24.00/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.13M
$1.86M – $2.48M
NOI $148,911 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,548 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Valerie H. ...
Pediatrician
Michael S. Price, ...
Law Firm
Conran Investigations Inc.
Law Firm
David L Thompson ...
Law Firm
ThriveWell Pediatrics, LLC
Medical Clinic
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FAQs
What type of property is this?
Office units - Single-story office buildings total 11 suites with ADA-accessible bathrooms and brick exteriors on a high-visibility corner site.
Where is this office units located?
The property is located at 1616 Jork Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,349,000.
What are key features of this property?
This property features: 11‑suite, single‑story office complex on the corner of Atlantic Blvd and Jork Road, with brick building exteriors; Total of 9,900 SF office space across 4 buildings: 3 buildings with 1,800 SF each and 1 building with 4,500 SF; Each office suite measures 30 ft. x 30 ft., with most suites having 4 offices
