Converted-Residence Office
2589-2591 Oak Street, Jacksonville, FL 32204
For Sale
Contact for pricing
Positioned among Riverside healthcare offices, the property is a short walk from Ascension St. Vincent’s Hospital.
Property Size3,888 SF
Price / SF$200
Days on Market10
Property Features for 2589-2591 Oak Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Asking Price
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Colliers - Jacksonville, Florida
Listed By:
Matt Entriken · License FL BK3097741
(904) 557-1861
Source:
Crexi
Added: Nov 2
Changed: Nov 9
Last Checked: Nov 10 at 7:14AM
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 Colliers - Jacksonville, Florida
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.
This 3,888± SF office building occupies a converted residence in Jacksonville’s historic Riverside neighborhood. Its setting places it within Riverside’s healthcare office cluster and close to Ascension St. Vincent’s Hospital.
Five Points and downtown Jacksonville are nearby, with access to I-10 and I-95.
Five Points and downtown Jacksonville are nearby, with access to I-10 and I-95.
Key Highlights
- 3,888± SF office building in a converted residence
- Located in Jacksonville’s historic Riverside neighborhood
- One block from Ascension St. Vincent’s Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,917
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,340
$1.1M
Cap Rate 7%
$798,814
$798.8K
Cap Rate 9%
$621,300
$621.3K
Market Conditions
NOI Build-Up for 3,888 SF
Gross rent
$93.3K $24.00/SF
− Vacancy
−$18.8K −$4.82/SF
EGI
$74.6K $19.18/SF
− OpEx
−$18.6K −$4.79/SF
NOI
$55.9K $14.38/SF
Area
Jacksonville, FL
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,340
Cap Rate 7%
$798,814
Cap Rate 9%
$621,300
Alternative Uses
Best Use
Office B
$798.8K
$699.0K – $932.0K
NOI $55,917 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$932.0K – $1.24M
NOI $74,556 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,519
Businesses Nearby
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
$342,700
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Jacksonville, FL
Properties on Market for Office buildings in Jacksonville
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office building - Positioned among Riverside healthcare offices, the property is a short walk from Ascension St. Vincent’s Hospital.
Where is this office building located?
The property is located at 2589-2591 Oak Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $777,600.
What are key features of this property?
This property features: 3,888± SF office building in a converted residence; Located in Jacksonville’s historic Riverside neighborhood; One block from Ascension St. Vincent’s Hospital
