Office Condominium with Private
3890 Dunn Ave Suite 103, Jacksonville, FL 32218
For Sale
Contact for pricing
A lobby, break room, and restroom complement a layout suited to professional or medical-office users.
Property Size1,140 SF
Price / SF$260
Days on Market23
Property Features for 3890 Dunn Ave Suite 103
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Tenant in Place
Property Use
Amenities
gated
Building Details
Tenancy
Owner Occupied
Listing Agency:
Cantrell & Morgan
Listed By:
Kayla Deguzman
(904) 302-6930
Source:
Crexi
Added: Oct 21
Changed: Nov 9
Last Checked: Nov 12 at 8:13AM
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 Cantrell & Morgan
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,140 SF office condominium at 3890 Dunn Ave, Suite 103, includes a lobby, multiple private offices, a break room, and a restroom. The unit is in a gated office park in Jacksonville’s Northside submarket, near the entrance. Other occupants in the park are professional businesses, and the park is fully occupied.
A tenant currently occupies the suite on a month-to-month basis. The space may be delivered vacant, or the existing tenancy may be renewed. Two nearly identical adjoining units are also available for purchase with this unit.
A tenant currently occupies the suite on a month-to-month basis. The space may be delivered vacant, or the existing tenancy may be renewed. Two nearly identical adjoining units are also available for purchase with this unit.
Key Highlights
- ±1,140 SF office condominium
- Lobby, multiple private offices, break room, and restroom
- Located near the gated entrance of a fully occupied office park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,965
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,300
$319.3K
Cap Rate 7%
$228,071
$228.1K
Cap Rate 9%
$177,389
$177.4K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$27.4K $24.00/SF
− Vacancy
−$6.1K −$5.33/SF
EGI
$21.3K $18.67/SF
− OpEx
−$5.3K −$4.67/SF
NOI
$16.0K $14.00/SF
Area
ZIP 32218
Vacancy
22.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,300
Cap Rate 7%
$228,071
Cap Rate 9%
$177,389
Alternative Uses
Best Use
Office B
$228.1K
$199.6K – $266.1K
NOI $15,965 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$304.1K
$266.1K – $354.8K
NOI $21,286 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 32218, FL
67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value
Market
Average Price Trend$/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 - A lobby, break room, and restroom complement a layout suited to professional or medical-office users.
Where is this office unit located?
The property is located at 3890 Dunn Ave Suite 103 Jacksonville, FL.
What is the asking price?
The asking price for this property is $296,400.
What are key features of this property?
This property features: ±1,140 SF office condominium; Lobby, multiple private offices, break room, and restroom; Located near the gated entrance of a fully occupied office park
