Hospital-Adjacent Medical
For Sale
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1715 Village Way, Orange Park, FL 32073
Hospital-adjacent medical office with an occupied specialty practice plus vacant lower-level space for lease or expansion.
Property Size5,377 SF
Price / SF$213.87
Days on Market115
Property Features for 1715 Village Way
General Information
Standard status
Active
Size
5,377 SF
Class
B
Total Parking Spaces
22
Property subtype
Office
Zoning
CPO
Occupancy
68%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$90,300
Building Details
Year Built
1992
Year Renovated
2002
Buildings
1
Stories
3
Tenancy
Single
Listing Agency:
Landmark Commercial Realty Group Inc
Listed By:
Stephen Nebrat · License #BK605752
(904) 477-1017
Source:
Crexi
Added: Jun 30
Changed: Oct 3
Last Checked: Oct 20 at 6:07PM
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 Landmark Commercial Realty Group Inc
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Investment Insights
Based on property information with market context.
Hospital-adjacent medical office property featuring an established specialty practice in 3,698 square feet with NNN pricing at $24.42 per square foot and full operating expense reimbursement. The building also includes 1,679 square feet of vacant lower-level space, offering options for lease-up, practice expansion, or a specialty build-out.
Located at 1715 Village Way in Orange Park, Florida, the property sits less than one mile from HCA Florida Orange Park Hospital, supporting durable referral-driven demand.
Total building size is 5,377 square feet, providing a straightforward mix of occupied space and available lower-level area for a medical tenant looking to grow or for an investor seeking additional income opportunities.
Located at 1715 Village Way in Orange Park, Florida, the property sits less than one mile from HCA Florida Orange Park Hospital, supporting durable referral-driven demand.
Total building size is 5,377 square feet, providing a straightforward mix of occupied space and available lower-level area for a medical tenant looking to grow or for an investor seeking additional income opportunities.
Key Highlights
- Hospital‑adjacent medical office less than 1 mile from HCA Florida Orange Park Hospital
- 3,698 SF occupied specialty practice at $24.42/SF NNN with full operating expense reimbursement
- Includes 1,679 SF vacant lower‑level space for lease, expansion, or specialty build‑out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,300
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,506,000
$1.5M
Cap Rate 7%
$1,075,714
$1.1M
Cap Rate 9%
$836,667
$836.7K
Market Conditions
NOI Build-Up for 5,377 SF
Gross rent
$129.0K $24.00/SF
− Vacancy
−$28.6K −$5.33/SF
EGI
$100.4K $18.67/SF
− OpEx
−$25.1K −$4.67/SF
NOI
$75.3K $14.00/SF
Area
Clay 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%
$1,506,000
Cap Rate 7%
$1,075,714
Cap Rate 9%
$836,667
Alternative Uses
Best Use
Office B
$1.08M
$941.3K – $1.26M
NOI $75,300 @ 7.0% cap · market cap 6.55%
Second Best
Healthcare Medical
$1.02M
$894.3K – $1.19M
NOI $71,544 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,399 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 32073, FL
43,527
Population
17,301
Households
2.5
Avg Household Size
41
Median Age
27%
College-Educated
92%
High-School Grad
16.8 sq mi
ZIP Area
2,591
Density / Sq Mi
$76,139
Median Household Income
$40,947
Median Earnings
$1,392
Median Rent
$258,100
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 - Hospital-adjacent medical office with an occupied specialty practice plus vacant lower-level space for lease or expansion.
Where is this medical office space located?
The property is located at 1715 Village Way Orange Park, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Hospital‑adjacent medical office less than 1 mile from HCA Florida Orange Park Hospital; 3,698 SF occupied specialty practice at $24.42/SF NNN with full operating expense reimbursement; Includes 1,679 SF vacant lower‑level space for lease, expansion, or specialty build‑out
