Listing Agency: MIDDLETON REALTY, INC. p***@comcast.net Show Phone

Listed By: PATRICK MIDDLETON · License #0438015 Show Phone

Source: Exprealty

Added: Aug 13 Changed: Aug 21 Last Checked: Aug 22 at 9:23AM

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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 MIDDLETON REALTY, INC.

Investment Insights

Based on property information with market context.

This office unit is located at 7006 Atlantic Beach Ct in Atlantic Beach, Florida. The property was formerly used as a CPA office and carries a CCG-2 zoning designation.

Key Highlights

• CCG‑2 zoning designation
• Former CPA office use
• Located at 7006 Atlantic Beach Ct, Atlantic Beach, FL 32233

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

$13,500

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

6.00%

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%

$270,000 $270.0K

Cap Rate 7%

$192,857 $192.9K

Cap Rate 9%

$150,000 $150.0K

Market Conditions

NOI Build-Up for 964 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

$23.1K $24.00/SF

− Vacancy

−$5.1K −$5.33/SF

EGI

$18.0K $18.67/SF

− OpEx

−$4.5K −$4.67/SF

NOI

$13.5K $14.00/SF

Area

Duval 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%

$270,000

Cap Rate 7%

$192,857

Cap Rate 9%

$150,000

Alternative Uses

Best Use

Office B

$192.9K

$168.8K – $225.0K (±1% cap)

NOI $13,500 @ 7.0% cap · market cap 6.00%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$257.1K

$225.0K – $300.0K (±1% cap)

NOI $18,000 @ 7.0% cap · market cap 8.00%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

345

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 South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - Previously occupied by a CPA practice; CCG-2 zoning applies.

Where is this office units located?

The property is located at 7006 Atlantic Beach Ct Atlantic Beach, FL.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: CCG‑2 zoning designation; Former CPA office use; Located at 7006 Atlantic Beach Ct, Atlantic Beach, FL 32233