Two-Story Office
2865 Plummer Cove Rd Jacksonville, FL 32223
For Sale
Contact for pricing
Two-story office space totaling about 3,600 SF, suited for medical or professional use in Jacksonville’s Mandarin area.
Property Size3,600 SF
Price / SF$166.39
Days on Market146
Property Features for 2865 Plummer Cove Rd
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- OFFICE
Listing Agency:
Newmark Phoenix Realty Group | Jacksonville
(850) 556-2108
Listed By:
Jeffrey Frandsen · License #3383621
(850) 556-2108
Source:
Moodyscre
Added: Feb 27
Changed: Jul 23
Last Checked: Jul 23 at 2:10PM
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 Newmark Phoenix Realty Group | Jacksonville
Investment Insights
Based on property information with market context.
This two-story office building offers right-sized space totaling about 3,600 SF, configured across two levels to support flexible use for a small business or medical/professional office. The layout is designed for straightforward, day-to-day operation with a manageable footprint for owner-users seeking lower overhead.
Located at 2865 Plummer Cove Rd in Jacksonville, the property is described as being on the Southside/Mandarin side of the market, next to I-295 for convenient access to major corridors. The surrounding area is characterized as a high-demand Mandarin submarket, with an emphasis on strong residential demand and limited commercial inventory, and it sits within a local retail setting along San Jose Blvd.
For tenants or buyers evaluating office space in the Mandarin submarket, this building provides a compact two-story configuration with access-focused positioning near I-295.
Located at 2865 Plummer Cove Rd in Jacksonville, the property is described as being on the Southside/Mandarin side of the market, next to I-295 for convenient access to major corridors. The surrounding area is characterized as a high-demand Mandarin submarket, with an emphasis on strong residential demand and limited commercial inventory, and it sits within a local retail setting along San Jose Blvd.
For tenants or buyers evaluating office space in the Mandarin submarket, this building provides a compact two-story configuration with access-focused positioning near I-295.
Key Highlights
- Two‑story office space totaling about 3,600 SF for medical or professional use.
- Flexible layout with about 3,600 SF across two stories, suited for a small business, medical/professional office, or owner‑user.
- Convenient Southside/Mandarin location next to I‑295 with immediate access to major corridors.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $24.00 |
| − Vacancy | −$17.4k | −$4.82 |
| EGI | $69.0k | $19.18 |
| − OpEx | −$17.3k | −$4.79 |
| NOI | $51.8k | $14.38 |
3,600 SF · lease $24.00/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$833.1K
$729.0K – $972.0K
NOI $58,320 @ 7.0% cap · market cap 9.74%
Second Best
Office B
$739.6K
$647.2K – $862.9K
NOI $51,775 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$986.2K
$862.9K – $1.15M
NOI $69,034 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Process Server Enterprises ...
Loan Service
Brain Drip LLC
Research And Product Development
FAQs
What type of property is this?
Office units - Two-story office space totaling about 3,600 SF, suited for medical or professional use in Jacksonville’s Mandarin area.
Where is this office units located?
The property is located at 2865 Plummer Cove Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑story office space totaling about 3,600 SF for medical or professional use.; Flexible layout with about 3,600 SF across two stories, suited for a small business, medical/professional office, or owner‑user.; Convenient Southside/Mandarin location next to I‑295 with immediate access to major corridors.
