Fully Renovated Office Condominium
For Sale
$599,000
9521 Shellie Road Suite 1, Jacksonville, FL 32257
Fully renovated office condominium suite with conference room, breakroom, and three restrooms, including a private executive office.
Property Size2,384 SF
Price / SF$251.26
Days on Market96
Property Features for 9521 Shellie Road Suite 1
General Information
Standard status
Active
Size
2,384 SF
Class
B
Property subtype
Office Condo
Occupancy
100%
Additional Details
Business Included
Yes
Office Units
2
Building Details
Building Size
2,384 SF
Year Built
2007
Tenancy
Single
Listing Agency:
United Real Estate Gallery
Listed By:
Stephen Edmonds · License #3304148
(904) 614-9715
Source:
Naiglobal
Added: Jul 19
Changed: Oct 21
Last Checked: Oct 20 at 6:59PM
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 United Real Estate Gallery
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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.
9521 Shellie Road offers a fully renovated office condominium suite that combines two office condominium units into one efficient layout. The suite includes a conference room, a dedicated breakroom, three restrooms, and a private executive office with an en-suite restroom.
The property is leased through March 31, 2029, with 3% annual rent increases in place.
Designed for professional office use, the interior configuration supports client meetings and day-to-day operations with separate common and private work areas.
The property is leased through March 31, 2029, with 3% annual rent increases in place.
Designed for professional office use, the interior configuration supports client meetings and day-to-day operations with separate common and private work areas.
Key Highlights
- 2,384 SF investment office condominium suite in a building built in 2007
- Two office condominium units combined into a single fully renovated suite
- Suite layout includes a conference room, dedicated breakroom, and three restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,287
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,740
$685.7K
Cap Rate 7%
$489,814
$489.8K
Cap Rate 9%
$380,967
$381.0K
Market Conditions
NOI Build-Up for 2,384 SF
Gross rent
$57.2K $24.00/SF
− Vacancy
−$11.5K −$4.82/SF
EGI
$45.7K $19.18/SF
− OpEx
−$11.4K −$4.79/SF
NOI
$34.3K $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%
$685,740
Cap Rate 7%
$489,814
Cap Rate 9%
$380,967
Alternative Uses
Best Use
Office B
$489.8K
$428.6K – $571.5K
NOI $34,287 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$653.1K
$571.5K – $761.9K
NOI $45,716 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 32257, FL
41,439
Population
18,465
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
3,369
Density / Sq Mi
$75,180
Median Household Income
$45,772
Median Earnings
$1,441
Median Rent
$305,000
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office unit - Fully renovated office condominium suite with conference room, breakroom, and three restrooms, including a private executive office.
Where is this office unit located?
The property is located at 9521 Shellie Road Suite 1 Jacksonville, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,384 SF investment office condominium suite in a building built in 2007; Two office condominium units combined into a single fully renovated suite; Suite layout includes a conference room, dedicated breakroom, and three restrooms
