Freestanding Office
New
For Sale
$1,450,000
440 Kingsley Ave, Orange Park, FL 32073
Refreshed professional office setting with monument signage, parking, and a flexible medical or general office layout.
Property Size4,773 SF
Lot Size1.81 Acres
Price / SF$303.79
Days on Market7
Property Features for 440 Kingsley Ave
General Information
Standard status
Active
Size
4,773 SF
Class
C
Lot size
1.81 Acres
Property subtype
Office
Amenities
monument signage
Building Details
Building Size
4,773 SF
Year Built
1968
Buildings
2
Listing Agency:
(904) 421-8523
Listed By:
Anthony Migliore
Source:
Svn
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 19 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 Anthony Migliore
Investment Insights
Based on property information with market context.
This freestanding office property occupies two parcels totaling approximately 1.81 acres in Orange Park. The improvements include a 4,134-square-foot main building and a separate 639-square-foot auxiliary building. The layout previously served a primary care practice and can accommodate medical or general office functions. Interior and exterior updates have been completed, while the site includes open area and on-site parking.
Located at 440 Kingsley Ave, the property benefits from monument signage along Kingsley Avenue and a position on a prominent corridor. The combination of a principal office building, auxiliary structure, and expansive site provides a practical configuration for professional office operations.
Located at 440 Kingsley Ave, the property benefits from monument signage along Kingsley Avenue and a position on a prominent corridor. The combination of a principal office building, auxiliary structure, and expansive site provides a practical configuration for professional office operations.
Key Highlights
- 1.81±-acre site spanning two parcels
- 4,134± SF main building plus 639± SF auxiliary building
- Former primary care layout adaptable to medical or general office use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,841
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,336,820
$1.3M
Cap Rate 7%
$954,871
$954.9K
Cap Rate 9%
$742,678
$742.7K
Market Conditions
NOI Build-Up for 4,773 SF
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.
Gross rent
$114.6K $24.00/SF
− Vacancy
−$25.4K −$5.33/SF
EGI
$89.1K $18.67/SF
− OpEx
−$22.3K −$4.67/SF
NOI
$66.8K $14.00/SF
Area
Clay County, FL
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,336,820
Cap Rate 7%
$954,871
Cap Rate 9%
$742,678
Alternative Uses
Best Use
Office B
$954.9K
$835.5K – $1.11M
NOI $66,841 @ 7.0% cap · market cap 4.61%
Second Best
Healthcare Medical
$907.3K
$793.9K – $1.06M
NOI $63,508 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,121 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 32073, FL
43,527
Population
17,301
Households
2.5
Avg Household Size
41
Median Age
27%
College-Educated
92%
High-School Grad
16.8 sq mi
ZIP Area
2,591
Density / Sq Mi
$76,139
Median Household Income
$40,947
Median Earnings
$1,392
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Refreshed professional office setting with monument signage, parking, and a flexible medical or general office layout.
Where is this office building located?
The property is located at 440 Kingsley Ave Orange Park, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 1.81±-acre site spanning two parcels; 4,134± SF main building plus 639± SF auxiliary building; Former primary care layout adaptable to medical or general office use
