Listing Agency: MIDDLETON REALTY, INC.

Listed By: PATRICK MIDDLETON · License #0438015 Show Phone

Source: Exprealty

Added: Aug 13 Changed: Sep 5 Last Checked: Oct 5 at 8:47PM

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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 / Yr

$13,500

Cap Rate

6.00%

Suggested Prices Based on Cap Rates

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

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 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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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

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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