Office Condo with Individual
402-8613 Old Kings Rd S Jacksonville, FL 32209
402-8613 Old Kings Rd S, Jacksonville, FL, 32209
$250,000
For Sale
$250,000
Office condo featuring six individual offices, bathroom, and kitchen.
Property Size1,270 SF
Price / SF$196.85
Days on Market98
Property Features for 402-8613 Old Kings Rd S
General Information
- Standard status
- Active
- Size
- 1,270 SF
Listing agency
LANDCO PROPERTIES, INC.
(904) 448-0251
Listed by
GLORIA VINSON · License #0677238
(904) 448-0251
Source
Exprealty
Added: Apr 15 Updated: Jul 10 at 1:37PM Checked: Jul 19 at 7:52AM
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 LANDCO PROPERTIES, INC.
Investment Insights
Based on property information with market context.
This office condo features six individual offices suitable for single business use, with the potential for multiple tenants. The property includes a bathroom and a kitchen. It offers 1270 square feet of space and is suitable for an existing business or a start-up. The property is located at 402-8613 Old Kings Rd S, Jacksonville, FL.
Key Highlights
- Six individual offices suitable for a single business.
- Potential for multiple tenants.
- Includes a bathroom.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.5k | $24.00 |
| − Vacancy | −$6.1k | −$4.82 |
| EGI | $24.4k | $19.18 |
| − OpEx | −$6.1k | −$4.79 |
| NOI | $18.3k | $14.38 |
1,270 SF · lease $24.00/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$260.9K
$228.3K – $304.4K
NOI $18,265 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.9K
$304.4K – $405.9K
NOI $24,354 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office condo featuring six individual offices, bathroom, and kitchen.
Where is this office units located?
The property is located at 402-8613 Old Kings Rd S Jacksonville, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Six individual offices suitable for a single business.; Potential for multiple tenants.; Includes a bathroom.
