Multi-Tenant Office
For Sale
$899,000
2301 PARK Avenue #300, Orange Park, FL 32073
Four businesses occupy the property under long-term leases, with on-site parking available.
Property Size5,092 SF
Price / SF$176.55
Days on Market231
Property Features for 2301 PARK Avenue #300
General Information
Standard status
Active
Size
5,092 SF
Property subtype
Office
Occupancy
100%
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Building Details
Building Size
5,092 SF
Year Built
1976
Tenancy
Multi
Listing Agency:
CB ISAAC REALTY
Listed By:
JESSICA GENHOLD · License #3390875
(352) 478-4488
Source:
Orenderrealtygroup
Added: Mar 16
Changed: Oct 31
Last Checked: Oct 30 at 3:21PM
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 CB ISAAC REALTY
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Investment Insights
Based on property information with market context.
Built in 1976, this 5,092-square-foot office property is fully occupied by four businesses, with long-term leases in place. The building offers on-site parking for occupants and visitors.
The property is in Orange Park, just off Highway 17.
The property is in Orange Park, just off Highway 17.
Key Highlights
- 5,092‑square‑foot office building constructed in 1976
- Fully occupied by four businesses with long‑term leases
- Located just off Highway 17 in Orange Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,308
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
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
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 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
Healthcare Medical
$967.9K
$846.9K – $1.13M
NOI $67,752 @ 7.0% cap · market cap 7.54%
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.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
932
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Four businesses occupy the property under long-term leases, with on-site parking available.
Where is this office building located?
The property is located at 2301 PARK Avenue #300 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 constructed in 1976; Fully occupied by four businesses with long‑term leases; Located just off Highway 17 in Orange Park
