Fully Occupied Office
For Sale
$899,000
2301 PARK Avenue, Orange Park, FL 32073
Commercial Sale, Orange Park, FL
Property Size5,092 SF
Lot Size0.12 Acres
Price / SF$176.55
Days on Market908
Property Features for 2301 PARK Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3
Parking features
Assigned
Directions
From the intersection of I-295 and Hwy 17, head South on Hwy 17 (approximately 8 traffic lights) and the building will be on the Left.
Subdivision
137-Doctor's Lake
Standard status
Active
APN
41-04-26-018963-019-00
Size
5,092 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Number of units
4
Listing Agency:
CB ISAAC REALTY
(352) 475-2199
Listed By:
JESSICA GENHOLD · License #3390875
(352) 478-4488
Added: Mar 7, 2024
Changed: Aug 19
Last Checked: Sep 1 at 10:06AM
MLS# 2013145
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,092-square-foot office building on a 0.12-acre lot was constructed in 1976 and is fully occupied by four businesses. Long-term leases are in place, providing an established occupancy profile for the property. Interior features include four bathrooms, while central heating and central air support the building’s climate control.
The property is positioned just off Hwy 17 in Orange Park, placing the office asset near an active roadway. Assigned parking serves the occupants, and the property is connected to public water and public sewer systems.
The property is positioned just off Hwy 17 in Orange Park, placing the office asset near an active roadway. Assigned parking serves the occupants, and the property is connected to public water and public sewer systems.
Key Highlights
- 5,092‑square‑foot office building on a 0.12‑acre lot
- 100% occupied by 4 businesses
- Long‑term leases in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,308
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,426,160
$1.4M
Cap Rate 7%
$1,018,686
$1.0M
Cap Rate 9%
$792,311
$792.3K
Market Conditions
NOI Build-Up for 5,092 SF
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.
Gross rent
$122.2K $24.00/SF
− Vacancy
−$27.1K −$5.33/SF
EGI
$95.1K $18.67/SF
− OpEx
−$23.8K −$4.67/SF
NOI
$71.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,426,160
Cap Rate 7%
$1,018,686
Cap Rate 9%
$792,311
Alternative Uses
Best Use
Office B
$1.02M
$891.4K – $1.19M
NOI $71,308 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,078 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Four businesses operate under long-term leases in a centrally cooled office property with assigned parking.
Where is this office building located?
The property is located at 2301 PARK Avenue Orange Park, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 5,092‑square‑foot office building on a 0.12‑acre lot; 100% occupied by 4 businesses; Long‑term leases in place
