Two-Story Office
2622 Oak Street, Jacksonville, FL 32204
For Sale
Contact for pricing
Its two-level layout offers distinct areas for professional office or healthcare operations.
Property Size2,432 SF
Price / SF$220.39
Days on Market9
Property Features for 2622 Oak Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Property Use
Building Details
Buildings
Stories
Building Size
Listing Agency:
Colliers - Jacksonville, Florida
Listed By:
Matt Entriken · License FL BK3097741
(904) 557-1861
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 10 at 6:10AM
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
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Investment Insights
Based on property information with market context.
This office property is arranged across two floors, with 1,334± SF on the first level and 1,098± SF on the second. The building is described as suitable for professional office or healthcare use.
At 2622 Oak Street in Jacksonville, the property is one block from Ascension St. Vincent's Hospital and sits among Riverside healthcare offices.
At 2622 Oak Street in Jacksonville, the property is one block from Ascension St. Vincent's Hospital and sits among Riverside healthcare offices.
Key Highlights
- 2,432± SF across two floors: 1,334± SF on the first level and 1,098± SF on the second
- One block from Ascension St. Vincent's Hospital
- Located among healthcare offices in Riverside
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,398
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,960
$788.0K
Cap Rate 7%
$562,829
$562.8K
Cap Rate 9%
$437,756
$437.8K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$73.0K $30.00/SF
− Vacancy
−$7.3K −$3.00/SF
EGI
$65.7K $27.00/SF
− OpEx
−$26.3K −$10.80/SF
NOI
$39.4K $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%
$787,960
Cap Rate 7%
$562,829
Cap Rate 9%
$437,756
Alternative Uses
Best Use
Healthcare Medical
$562.8K
$492.5K – $656.6K
NOI $39,398 @ 7.0% cap · market cap 7.35%
Second Best
Office B
$499.7K
$437.2K – $583.0K
NOI $34,977 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$666.2K
$583.0K – $777.3K
NOI $46,636 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,431
Businesses Nearby
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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
$342,700
Median Home Value
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Market
Average Price Trend$/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 - Its two-level layout offers distinct areas for professional office or healthcare operations.
Where is this office building located?
The property is located at 2622 Oak Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $536,000.
What are key features of this property?
This property features: 2,432± SF across two floors: 1,334± SF on the first level and 1,098± SF on the second; One block from Ascension St. Vincent's Hospital; Located among healthcare offices in Riverside
