Professional Office
For Sale
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3390 KORI Road #3, Jacksonville, FL 32257
A full-service lease structure supports straightforward occupancy in this Jacksonville office suite.
Property Size1,600 SF
Price / SF$1.88
Days on Market8
Property Features for 3390 KORI Road #3
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Office
Site & Location
Neighborhood
Arrowhead
Additional Details
Property Use
Office
Building Details
Year Built
1980
Listing Agency:
COLDWELL BANKER PREMIER PROPERTIES
(904) 392-5151
Listed By:
ERIC MAIMO · License #3254822
(904) 537-6443
Source:
Endlesssummerrealty
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 1 at 5:31AM
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 3 offers 1,600 square feet of office space within the Mandarin Executive Office Building. The property was built in 1980 and is located at 3390 Kori Road in Jacksonville, Florida.
The suite is offered on a full-service basis. The building also has office suites in a range of sizes.
The suite is offered on a full-service basis. The building also has office suites in a range of sizes.
Key Highlights
- 1,600 square feet of office space
- Suite 3 in the Mandarin Executive Office Building
- Full‑service lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,011
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,220
$460.2K
Cap Rate 7%
$328,729
$328.7K
Cap Rate 9%
$255,678
$255.7K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$38.4K $24.00/SF
− Vacancy
−$7.7K −$4.82/SF
EGI
$30.7K $19.18/SF
− OpEx
−$7.7K −$4.79/SF
NOI
$23.0K $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%
$460,220
Cap Rate 7%
$328,729
Cap Rate 9%
$255,678
Alternative Uses
Best Use
Office B
$328.7K
$287.6K – $383.5K
NOI $23,011 @ 7.0% cap · market cap 767.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.3K
$383.5K – $511.4K
NOI $30,682 @ 7.0% cap · market cap 1,022.73%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office unit - A full-service lease structure supports straightforward occupancy in this Jacksonville office suite.
Where is this office unit located?
The property is located at 3390 KORI Road #3 Jacksonville, FL.
What are key features of this property?
This property features: 1,600 square feet of office space; Suite 3 in the Mandarin Executive Office Building; Full‑service lease structure
