Leased Medical Office
For Sale
$475,000
Pending
6045-1555 Kingsley Ave, Orange Park, FL 32073
Office units are leased together to a medical client with recent roof and HVAC replacements.
Property Size2,280 SF
Days on Market51
Property Features for 6045-1555 Kingsley Ave
General Information
Standard status
Pending
Size
2,280 SF
Taxes and HOA fees
Annual Taxes
$7,289
Listing Agency:
LA ROSA REALTY NORTH FLORIDA, LLC.
Listed By:
BYRON COMSTOCK
(904) 231-8989
Source:
Exprealty
Added: Jul 17
Changed: Aug 20
Last Checked: Sep 4 at 12:42PM
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 LA ROSA REALTY NORTH FLORIDA, LLC.
Investment Insights
Based on property information with market context.
This offering consists of office units leased together to a medical client. The property is described as having an updated AC unit, a new roof completed in 2025, and a water heater replaced in 2024, providing recent building system improvements.
The office is located close to Orange Park Medical Center, supporting convenient access for medical-related use.
Per the seller’s remarks, the units are sold together and maintained under a lease structure that is in place for a contract term of approximately four years.
The office is located close to Orange Park Medical Center, supporting convenient access for medical-related use.
Per the seller’s remarks, the units are sold together and maintained under a lease structure that is in place for a contract term of approximately four years.
Key Highlights
- Office space leased to a medical client under a contract lasting about four years
- Recently replaced AC unit
- New roof installed in 2025
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
$31,929
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
6.72%
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%
$638,580
$638.6K
Cap Rate 7%
$456,129
$456.1K
Cap Rate 9%
$354,767
$354.8K
Market Conditions
NOI Build-Up for 2,280 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
$54.7K $24.00/SF
− Vacancy
−$12.1K −$5.33/SF
EGI
$42.6K $18.67/SF
− OpEx
−$10.6K −$4.67/SF
NOI
$31.9K $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%
$638,580
Cap Rate 7%
$456,129
Cap Rate 9%
$354,767
Alternative Uses
Best Use
Office B
$456.1K
$399.1K – $532.2K
NOI $31,929 @ 7.0% cap · market cap 6.72%
Second Best
Healthcare Medical
$433.4K
$379.2K – $505.6K
NOI $30,337 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$608.2K
$532.2K – $709.5K
NOI $42,572 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Office units are leased together to a medical client with recent roof and HVAC replacements.
Where is this medical office space located?
The property is located at 6045-1555 Kingsley Ave Orange Park, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Office space leased to a medical client under a contract lasting about four years; Recently replaced AC unit; New roof installed in 2025
