Two-Story Office
637 Park Street, Jacksonville, FL 32204
For Sale
$1,200,000
Flexible office layout offers separate floor access, restrooms on both levels, and substantial rear parking.
Property Size4,182 SF
Price / SF$286.94
Days on Market98
Property Features for 637 Park Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Portal Realty
Listed By:
Caleb Noble, MSRE · License #BK3563898
(352) 213-1995
Source:
Naihallmark
Added: Aug 2
Changed: Nov 6
Last Checked: Nov 6 at 7:16AM
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 Portal Realty
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Investment Insights
Based on property information with market context.
This 4,182 SF office building was constructed in 1958 and includes two floors with separate access to each level. Restrooms are provided on both floors, and the layout can accommodate either a single occupant or multiple tenants. A sizable parking area is located behind the building, with frontage along Oak Street.
The property fronts Park Street in Downtown Jacksonville’s Brooklyn submarket, providing direct street exposure and access to the Downtown core. I-95 and I-10 are nearby, with the I-95 and I-10 interchange within one mile. Seller financing may be considered subject to the buyer’s financial strength.
The property fronts Park Street in Downtown Jacksonville’s Brooklyn submarket, providing direct street exposure and access to the Downtown core. I-95 and I-10 are nearby, with the I-95 and I-10 interchange within one mile. Seller financing may be considered subject to the buyer’s financial strength.
Key Highlights
- 4,182 SF two‑story office building constructed in 1958
- Separate access points serve each floor, supporting single- or multi‑tenant occupancy
- Restrooms located on both levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,146
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,920
$1.2M
Cap Rate 7%
$859,229
$859.2K
Cap Rate 9%
$668,289
$668.3K
Market Conditions
NOI Build-Up for 4,182 SF
Gross rent
$100.4K $24.00/SF
− Vacancy
−$20.2K −$4.82/SF
EGI
$80.2K $19.18/SF
− OpEx
−$20.0K −$4.79/SF
NOI
$60.1K $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%
$1,202,920
Cap Rate 7%
$859,229
Cap Rate 9%
$668,289
Alternative Uses
Best Use
Office B
$859.2K
$751.8K – $1.00M
NOI $60,146 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,194 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,136
Businesses Nearby
Explore this area
Business Placement
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Jacksonville, FL
Properties on Market for Office buildings in Jacksonville
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office building - Flexible office layout offers separate floor access, restrooms on both levels, and substantial rear parking.
Where is this office building located?
The property is located at 637 Park Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,182 SF two‑story office building constructed in 1958; Separate access points serve each floor, supporting single- or multi‑tenant occupancy; Restrooms located on both levels
