Modernized Two-Story Office
For Sale
$5,000,000
3390 Kori Road, Jacksonville, FL 32257
Renovated office building offering a range of turnkey suites with ample on-site parking and convenient highway access.
Property Size34,938 SF
Price / SF$312.50
Days on Market142
Property Features for 3390 Kori Road
General Information
Standard status
Active
Size
34,938 SF
Class
A
Property subtype
Multi Tenant Office
Additional Details
Highway Access
Yes
Building Details
Building Size
34,938 SF
Year Built
1980
Year Renovated
2020
Stories
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Premier Properties
Listed By:
Eric Maimo · License #3254822
(904) 537-6443
Source:
Thebrokerlist
Added: Jun 3
Changed: Oct 10
Last Checked: Oct 20 at 5:14PM
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 Coldwell Banker Premier Properties
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Investment Insights
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This two-story office building was comprehensively renovated in 2020 and is presented as a modernized, turnkey property with a variety of suite configurations. Available office suites range from smaller spaces to a larger suite, including options with private offices, as well as training rooms designed for knowledge sharing. The property also includes co-working space for organizations seeking a more collaborative environment. The renovation scope includes modern amenities and technology integrated throughout the office areas, supporting use by teams that require both private workspaces and shared meeting or training settings.
The building is located at 3390 Kori Road near the San Jose corridor. Access is described as convenient to Highway 295, providing a direct route to Downtown Jacksonville in approximately 23 minutes. The surrounding area includes access to The Avenues, a shopping destination with major retailers such as Belk and Dillard’s. Ample free parking is available on-site, supporting day-to-day operations and visitor traffic.
Designed to accommodate a range of business types, the property fits professional and service uses such as call centers, marketing centers, government offices, event venues, and other office-based firms. The mix of suite sizes supports both smaller teams and a larger owner-occupant opportunity, while the on-site parking and highway connectivity provide practical convenience for employees and clients.
The building is located at 3390 Kori Road near the San Jose corridor. Access is described as convenient to Highway 295, providing a direct route to Downtown Jacksonville in approximately 23 minutes. The surrounding area includes access to The Avenues, a shopping destination with major retailers such as Belk and Dillard’s. Ample free parking is available on-site, supporting day-to-day operations and visitor traffic.
Designed to accommodate a range of business types, the property fits professional and service uses such as call centers, marketing centers, government offices, event venues, and other office-based firms. The mix of suite sizes supports both smaller teams and a larger owner-occupant opportunity, while the on-site parking and highway connectivity provide practical convenience for employees and clients.
Key Highlights
- Renovated two‑story office building built in 1980 with a comprehensive renovation completed in 2020
- Available suite sizes range from 390 to 16,000 SF, including private offices and training rooms
- Includes a 16,000 SF suite suitable for an owner occupant, plus smaller suites for companies of one to four
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,112
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,602,240
$4.6M
Cap Rate 7%
$3,287,314
$3.3M
Cap Rate 9%
$2,556,800
$2.6M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$384.0K $24.00/SF
− Vacancy
−$77.2K −$4.82/SF
EGI
$306.8K $19.18/SF
− OpEx
−$76.7K −$4.79/SF
NOI
$230.1K $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%
$4,602,240
Cap Rate 7%
$3,287,314
Cap Rate 9%
$2,556,800
Alternative Uses
Best Use
Office B
$3.29M
$2.88M – $3.84M
NOI $230,112 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.38M
$3.84M – $5.11M
NOI $306,816 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,463
Businesses Nearby
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Business Placement
Demographics for 32257, FL
41,439
Population
18,465
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
3,369
Density / Sq Mi
$75,180
Median Household Income
$45,772
Median Earnings
$1,441
Median Rent
$305,000
Median Home Value
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Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office building - Renovated office building offering a range of turnkey suites with ample on-site parking and convenient highway access.
Where is this office building located?
The property is located at 3390 Kori Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Renovated two‑story office building built in 1980 with a comprehensive renovation completed in 2020; Available suite sizes range from 390 to 16,000 SF, including private offices and training rooms; Includes a 16,000 SF suite suitable for an owner occupant, plus smaller suites for companies of one to four
