Professional Office
3390 KORI Road #16-D, Jacksonville, FL 32257
For Sale
Contact for pricing
The suite is offered on a full-service basis within the Mandarin Executive Office Building.
Property Size800 SF
Price / SF$2.31
Days on Market18
Property Features for 3390 KORI Road #16-D
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
COLDWELL BANKER PREMIER PROPERTIES
(904) 392-5151
Listed By:
ERIC MAIMO · License FL #3254822
(904) 537-6443
Source:
Endlesssummerrealty
Added: Oct 26
Changed: Nov 10
Last Checked: Nov 12 at 7:50AM
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
Based on property information with market context.
Suite 16-D provides 800 square feet of professional office space in the Mandarin Executive Office Building at 3390 Kori Road in Jacksonville. The building was constructed in 1980.
Key Highlights
- 800 SF of professional office space
- Suite 16‑D in the Mandarin Executive Office Building
- Building constructed in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,506
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,120
$230.1K
Cap Rate 7%
$164,371
$164.4K
Cap Rate 9%
$127,844
$127.8K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$19.2K $24.00/SF
− Vacancy
−$3.9K −$4.82/SF
EGI
$15.3K $19.18/SF
− OpEx
−$3.8K −$4.79/SF
NOI
$11.5K $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%
$230,120
Cap Rate 7%
$164,371
Cap Rate 9%
$127,844
Alternative Uses
Best Use
Office B
$164.4K
$143.8K – $191.8K
NOI $11,506 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$219.2K
$191.8K – $255.7K
NOI $15,341 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
$305,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Jacksonville, FL
Properties on Market for Office Units in Jacksonville
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office unit - The suite is offered on a full-service basis within the Mandarin Executive Office Building.
Where is this office unit located?
The property is located at 3390 KORI Road #16-D Jacksonville, FL.
What are key features of this property?
This property features: 800 SF of professional office space; Suite 16‑D in the Mandarin Executive Office Building; Building constructed in 1980
