Medical Office with Electronic
800 Dunn Avenue, Jacksonville, FL 32218
For Sale
Contact for pricing
The fully leased property has an NNN lease with annual rent increases and an existing double-sided electronic billboard.
Property Size5,491 SF
Price / SF$364.29
Days on Market44
Property Features for 800 Dunn Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Site & Location
Highway Access
Road Access
Additional Details
Tenant in Place
Property Use
Medical Specialty
Building Details
Buildings
Tenancy
Owner Occupied
Listing Agency:
Matthews
Listed By:
Michael Moreno · License CA #01982943
(818) 522-4497
Source:
Crexi
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 10 at 9:07AM
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 Matthews
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,491-square-foot medical office property is fully leased to Affordable Care, LLC under an NNN lease. The lease runs through November 2033 and includes 2% annual rent increases. An existing double-sided electronic billboard is also on site; any income from it would depend on buyer due diligence, permitting, condition and required approvals.
The property is on Dunn Avenue, where traffic is approximately 31,000 vehicles per day. It sits adjacent to Highland Square Shopping Center, anchored by Publix, and has access to I-95 and I-295. The reported cap rate is 7.00%.
The property is on Dunn Avenue, where traffic is approximately 31,000 vehicles per day. It sits adjacent to Highland Square Shopping Center, anchored by Publix, and has access to I-95 and I-295. The reported cap rate is 7.00%.
Key Highlights
- 5,491‑square‑foot medical office property, 100% leased to Affordable Care, LLC
- NNN lease through November 2033 with 2% annual rent increases
- 7.00% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,896
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,537,920
$1.5M
Cap Rate 7%
$1,098,514
$1.1M
Cap Rate 9%
$854,400
$854.4K
Market Conditions
NOI Build-Up for 5,491 SF
Gross rent
$131.8K $24.00/SF
− Vacancy
−$29.3K −$5.33/SF
EGI
$102.5K $18.67/SF
− OpEx
−$25.6K −$4.67/SF
NOI
$76.9K $14.00/SF
Area
ZIP 32218
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%
$1,537,920
Cap Rate 7%
$1,098,514
Cap Rate 9%
$854,400
Alternative Uses
Best Use
Office B
$1.10M
$961.2K – $1.28M
NOI $76,896 @ 7.0% cap · market cap 3.84%
Second Best
Healthcare Medical
$1.09M
$956.8K – $1.28M
NOI $76,540 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,528 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32218, FL
67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Jacksonville, FL
Properties on Market for Medical Office Space in Jacksonville
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Medical Office Space - The fully leased property has an NNN lease with annual rent increases and an existing double-sided electronic billboard.
Where is this medical office space located?
The property is located at 800 Dunn Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,000,293.
What are key features of this property?
This property features: 5,491‑square‑foot medical office property, 100% leased to Affordable Care, LLC; NNN lease through November 2033 with 2% annual rent increases; 7.00% cap rate
