Southside/Mandarin Office/Medical Space
For Sale
$599,000
2965 Plummer Cove Road, Jacksonville, FL 32223
Office/medical space for sale in a high-demand location.
Property Size3,600 SF
Price / SF$166.39
Days on Market263
Property Features for 2965 Plummer Cove Road
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Office
Listed By:
Jeff Frandsen
(904) 399-5222
Source:
Nmrk
Added: Jan 27
Changed: Oct 15
Last Checked: Oct 16 at 7:28AM
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 Jeff Frandsen
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Investment Insights
Based on property information with market context.
This office/medical space, totaling approximately 3,600 square feet across two stories, is available for purchase. The property is situated in the Southside/Mandarin area, adjacent to I-295, providing convenient access to major transportation routes for both staff and clients. The location benefits from strong demographics and a stable residential base within the Mandarin submarket. The limited commercial inventory in this area contributes to the desirability of properties for long-term value and tenant demand. The property is suitable for a small business, medical or professional office, or an owner-user seeking low overhead and ease of operation. The local retail area along San Jose Boulevard provides additional amenities and services.
Key Highlights
- High‑demand Mandarin submarket location with strong demographics and limited commercial inventory.
- Convenient Southside/Mandarin location next to I‑295 with immediate access to major corridors.
- ±3,600 SF space suitable for office, medical, or owner‑user.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,775
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,500
$1.0M
Cap Rate 7%
$739,643
$739.6K
Cap Rate 9%
$575,278
$575.3K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$86.4K $24.00/SF
− Vacancy
−$17.4K −$4.82/SF
EGI
$69.0K $19.18/SF
− OpEx
−$17.3K −$4.79/SF
NOI
$51.8K $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%
$1,035,500
Cap Rate 7%
$739,643
Cap Rate 9%
$575,278
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32223, FL
25,600
Population
10,639
Households
2.4
Avg Household Size
47
Median Age
40%
College-Educated
95%
High-School Grad
11.5 sq mi
ZIP Area
2,226
Density / Sq Mi
$91,599
Median Household Income
$50,736
Median Earnings
$1,500
Median Rent
$377,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
Similar Off Market Nearby
- Petco Vaccination Clinic — 11111 San Jose Blvd #57, Jacksonville, FL 32223
- Capital Veterinary Specialists, JAX and Animal ER — 3001 Hartley Rd, Jacksonville, FL 32257
- Vet Wellcare Vaccinations Clinic at Pet Supermarket — 10485 San Jose Blvd, Jacksonville, FL 32257
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office/medical space for sale in a high-demand location.
Where is this medical office space located?
The property is located at 2965 Plummer Cove Road 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: High‑demand Mandarin submarket location with strong demographics and limited commercial inventory.; Convenient Southside/Mandarin location next to I‑295 with immediate access to major corridors.; ±3,600 SF space suitable for office, medical, or owner‑user.**
