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 Market392
Property Features for 505-13453 N Main St
General Information
Standard status
Pending
Size
1,250 SF
Listing Agency:
CENTURY 21 INTEGRA
(904) 614-8585
Listed By:
DEBBIE FARAH · License #3519428
(904) 614-8585
Source:
Exprealty
Added: Jul 8, 2025
Changed: Jul 10
Last Checked: Jul 31 at 12:00PM
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
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 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 | $30.0k | $24.00 |
| − Vacancy | −$6.0k | −$4.82 |
| EGI | $24.0k | $19.18 |
| − OpEx | −$6.0k | −$4.79 |
| NOI | $18.0k | $14.38 |
1,250 SF · lease $24.00/SF/yr · vacancy 20.10% · expense 25.00%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
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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.
