Converted Office and Residential
932 W MACCLENNY Avenue Macclenny, FL 32063
For Sale
$350,000
Pending
A 2,006-sq-ft heated home conversion with four offices and two full bathrooms, offered for sale with included parcel area.
Property Size2,006 SF
Lot Size0.30 Acres
Days on Market116
Property Features for 932 W MACCLENNY Avenue
General Information
Standard status
Pending
Size
2,006 SF
Lot size
0.30 Acres
Property subtype
Office
Building Details
Year Built
1994
Listing Agency:
DUAL STATE REAL ESTATE INC
(904) 397-0263
Listed By:
SABRINA THRIFT
Source:
Xome
Added: Apr 5
Changed: Jul 26
Last Checked: Jul 29 at 3:54AM
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 DUAL STATE REAL ESTATE INC
Investment Insights
Based on property information with market context.
This building was originally constructed as a home and has been rented for residential use. The heated area is 2,006 square feet, and renovation was underway when the owner chose to let the buyer determine the final finishes. The interior layout includes four bedrooms/offices, a kitchen, a living room, and two full bathrooms, along with plumbing in the primary room for an additional sink.
The City of Macclenny indicates the use is Commercial or Residential. The sale includes some of parcel 31-2S-22-0000-0000-0373, totaling approximately 0.30 of an acre, and the seller will order a survey with an acceptable offer.
The City of Macclenny indicates the use is Commercial or Residential. The sale includes some of parcel 31-2S-22-0000-0000-0373, totaling approximately 0.30 of an acre, and the seller will order a survey with an acceptable offer.
Key Highlights
- 2006 sq ft heated home conversion with 4 bedrooms/offices and 2 full bathrooms
- Originally built as a home and has been rented for residential use
- Renovation was in progress when the owner left final finishes to the buyer
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.1k | $24.00 |
| − Vacancy | −$10.7k | −$5.33 |
| EGI | $37.5k | $18.67 |
| − OpEx | −$9.4k | −$4.67 |
| NOI | $28.1k | $14.00 |
2,006 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$401.3K
$351.2K – $468.2K
NOI $28,092 @ 7.0% cap · market cap 8.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$535.1K
$468.2K – $624.3K
NOI $37,456 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - A 2,006-sq-ft heated home conversion with four offices and two full bathrooms, offered for sale with included parcel area.
Where is this office units located?
The property is located at 932 W MACCLENNY Avenue Macclenny, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2006 sq ft heated home conversion with 4 bedrooms/offices and 2 full bathrooms; Originally built as a home and has been rented for residential use; Renovation was in progress when the owner left final finishes to the buyer
