Freestanding Medical Office
2585 Herschel Street Jacksonville, Jacksonville, FL 32204
For Sale
New
$595,000
A two-story practice-ready property offers a residential-style exterior and dedicated parking in Jacksonville’s Riverside-Avondale area.
Property Size2,640 SF
Lot Size0.14 Acres
Price / SF$225.38
Days on Market2
Property Features for 2585 Herschel Street Jacksonville
General Information
Standard status
Size
Class
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Highway Access
Additional Details
Property Use
Amenities
hardwood floors
central HVAC
handicap ramp access
building signage
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Tenancy
Owner Occupied
Listing Agency:
Berkshire Hathaway Florida Network Realty
Listed By:
Matthew Adams · License FL SL3586514
(904) 466-6539
Source:
Thebrokerlist
Added: Nov 12
Last Checked: Nov 12 at 2:33PM
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 Berkshire Hathaway Florida Network Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1921, this two-story medical and professional office building contains 2,640 square feet, including approximately 2,280 square feet of heated and cooled space. Its layout includes exam and office areas, with hardwood floors and central HVAC. The wood-frame structure sits on a 6,250-square-foot lot zoned CRO (Commercial/Residential/Office) by Duval County. Five surface parking spaces and a handicap ramp are located at the rear; building signage is also available. The property is currently occupied by its owner, a medical practice, and is offered with a proposed sale-leaseback option.
The property is in Jacksonville’s Riverside-Avondale area, with access to I-95 and I-10. Nearby destinations named for the area include St. Vincent’s Medical Center Riverside, Five Points, the King Street District, and the Shoppes of Avondale, alongside retail and dining businesses.
The property is in Jacksonville’s Riverside-Avondale area, with access to I-95 and I-10. Nearby destinations named for the area include St. Vincent’s Medical Center Riverside, Five Points, the King Street District, and the Shoppes of Avondale, alongside retail and dining businesses.
Key Highlights
- 2,640‑square‑foot building with approximately 2,280 square feet heated and cooled
- Two stories; built in 1921 with wood‑frame construction
- 6,250‑square‑foot lot zoned CRO by Duval County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,768
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,360
$855.4K
Cap Rate 7%
$610,971
$611.0K
Cap Rate 9%
$475,200
$475.2K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$79.2K $30.00/SF
− Vacancy
−$7.9K −$3.00/SF
EGI
$71.3K $27.00/SF
− OpEx
−$28.5K −$10.80/SF
NOI
$42.8K $16.20/SF
Area
Jacksonville, FL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,360
Cap Rate 7%
$610,971
Cap Rate 9%
$475,200
Alternative Uses
Best Use
Healthcare Medical
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 7.19%
Second Best
Office B
$542.4K
$474.6K – $632.8K
NOI $37,968 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$723.2K
$632.8K – $843.8K
NOI $50,625 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,519
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Medical Office Space in Jacksonville, FL
Properties on Market for Medical Office Space in Jacksonville
Vacancy Rate% for Office in Jacksonville, FL
Similar Off Market Nearby
- Riverside Animal Hospital — 2641 Park St, Jacksonville, FL 32204
- Pet-Ct Center — 710 lomax st, jacksonville, fl 32204
- Forever Vets Animal Hospital - Riverside — 580 College St, Jacksonville, FL 32204
Frequently Asked Questions
What type of property is this?
Medical Office Space - A two-story practice-ready property offers a residential-style exterior and dedicated parking in Jacksonville’s Riverside-Avondale area.
Where is this medical office space located?
The property is located at 2585 Herschel Street Jacksonville Jacksonville, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,640‑square‑foot building with approximately 2,280 square feet heated and cooled; Two stories; built in 1921 with wood‑frame construction; 6,250‑square‑foot lot zoned CRO by Duval County
