Two-Unit Medical Office
1906 Debarry Ave, Orange Park, FL 32073
For Sale
$1,199,000
Existing clinical improvements support healthcare practices and other business uses at this Orange Park property.
Property Size3,408 SF
Price / SF$351.82
Days on Market103
Property Features for 1906 Debarry Ave
General Information
Standard status
Size
Zoning
Additional Details
Office Units
Building Details
Year Built
Buildings
Listing Agency:
FORWARD REAL ESTATE INVESTMENT GROUP LLC
Listed By:
LARRY BOYLES · License FL #3279114
(904) 655-7778
Source:
Onewinningteam
Added: Aug 1
Changed: Nov 9
Last Checked: Nov 10 at 2:30PM
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 FORWARD REAL ESTATE INVESTMENT GROUP LLC
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Investment Insights
Based on property information with market context.
Built in 1978, this medical office property at 1906 Debarry Avenue in Orange Park includes two separately configured units with existing clinical and administrative improvements. Unit 1 contains six patient rooms, three bathrooms, a kitchen and lab area, a private restroom, a doctor’s office with en-suite bath, a manager’s office, and storage closets. Unit 2 offers an EKG and patient room, X-ray room, utility room, kitchen, doctor’s office with en-suite bath, guest bathroom, lobby, waiting area, and additional storage.
The property includes parking and is positioned in Orange Park with access features described as convenient for patients. Its existing layout is suited to medical office use, while the source information also identifies potential for other business uses.
The property includes parking and is positioned in Orange Park with access features described as convenient for patients. Its existing layout is suited to medical office use, while the source information also identifies potential for other business uses.
Key Highlights
- Two‑unit medical office property in Orange Park
- Unit 1 includes 6 patient rooms and 3 bathrooms
- Unit 2 includes an EKG/patient room and X‑ray room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,726
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,520
$954.5K
Cap Rate 7%
$681,800
$681.8K
Cap Rate 9%
$530,289
$530.3K
Market Conditions
NOI Build-Up for 3,408 SF
Gross rent
$81.8K $24.00/SF
− Vacancy
−$18.2K −$5.33/SF
EGI
$63.6K $18.67/SF
− OpEx
−$15.9K −$4.67/SF
NOI
$47.7K $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%
$954,520
Cap Rate 7%
$681,800
Cap Rate 9%
$530,289
Alternative Uses
Best Use
Office B
$681.8K
$596.6K – $795.4K
NOI $47,726 @ 7.0% cap · market cap 3.98%
Second Best
Healthcare Medical
$673.6K
$589.4K – $785.8K
NOI $47,149 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$909.1K
$795.4K – $1.06M
NOI $63,634 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Under-served
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
$258,100
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Orange Park, FL
Properties on Market for Medical Office Space in Orange Park
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing clinical improvements support healthcare practices and other business uses at this Orange Park property.
Where is this medical office space located?
The property is located at 1906 Debarry Ave Orange Park, FL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two‑unit medical office property in Orange Park; Unit 1 includes 6 patient rooms and 3 bathrooms; Unit 2 includes an EKG/patient room and X‑ray room
