North Main Street Office
For Sale
$278,000
Pending
505-13453 N Main St, Jacksonville, FL 32233
Commercial office condo investment opportunity, fully occupied until 2029.
Property Size1,250 SF
Days on Market472
Property Features for 505-13453 N Main St
General Information
Standard status
Pending
Size
1,250 SF
Taxes and HOA fees
Annual Taxes
$4,636
Listing Agency:
CENTURY 21 INTEGRA
(727) 387-6261
Listed By:
DEBBIE FARAH · License #3519428
(904) 614-8585
Source:
Exprealty
Added: Jul 5, 2025
Changed: Oct 1
Last Checked: Oct 16 at 12:37PM
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 CENTURY 21 INTEGRA
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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 commercial office condo, situated on North Main Street, offers an investment opportunity. The property is currently fully occupied until 2029, with annual rent increases. The property offers a competitive 7% cap rate.
Key Highlights
- Prime commercial office condo: Excellent investment opportunity.
- Located on prestigious North Main Street.
- Competitive 7% cap rate.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,978
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,560
$359.6K
Cap Rate 7%
$256,829
$256.8K
Cap Rate 9%
$199,756
$199.8K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$30.0K $24.00/SF
− Vacancy
−$6.0K −$4.82/SF
EGI
$24.0K $19.18/SF
− OpEx
−$6.0K −$4.79/SF
NOI
$18.0K $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%
$359,560
Cap Rate 7%
$256,829
Cap Rate 9%
$199,756
Alternative Uses
Best Use
Office B
$256.8K
$224.7K – $299.6K
NOI $17,978 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.4K
$299.6K – $399.5K
NOI $23,970 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 32233, FL
23,980
Population
11,215
Households
2.1
Avg Household Size
41
Median Age
43%
College-Educated
94%
High-School Grad
10.2 sq mi
ZIP Area
2,351
Density / Sq Mi
$81,586
Median Household Income
$44,067
Median Earnings
$1,541
Median Rent
$396,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office units - Commercial office condo investment opportunity, fully occupied until 2029.
Where is this office units located?
The property is located at 505-13453 N Main St Jacksonville, FL.
What is the asking price?
The asking price for this property is $278,000.
What are key features of this property?
This property features: Prime commercial office condo: **Excellent investment opportunity**.; Located on prestigious North Main Street.; Competitive 7% cap rate.
