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    Historic District Office Building Title is generated by Realmo AI

    1354 N Laura St, Jacksonville, FL 32206

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    Renovated office building in a desirable historic district.

    Type:Office
    Property size:
    9,000 SF
    Price / SF:
    $177/SF
    Added:
    Jun 26, 2023
    Days on Market:
    1087
    Last Refresh:
    May 12 at 9:47 pm

    Property Features for 1354 N Laura St

    General Information

    Standard status
    Active
    Size
    9,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1955

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    Listing Contact
    Oliver Barakat

    Listing agent Oliver Barakat License #FL 633995

    Listing office CBRE - Jacksonville

    Listing date Jun 26, 2023

    Source Crexi

    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 CBRE - Jacksonville

    HighLights

    • +/- 9,000 SF Class A Office Space
    • Located in Desirable Historic District
    • Fully Renovated/Reconstructed in 2005
    • Walking Distance to Klutho Park and Main Street Retail District
    • High Ceilings and Built‑in Shelving in Offices
    • Rear Parking and On‑Street Parking

    Overview

    This approximately 9,000 square foot office building is situated in a desirable historic district, within walking distance of Klutho Park and the Main Street Retail District. The Class A building was fully renovated and reconstructed in 2005, featuring high ceilings and built-in shelving in the offices. Parking is available at the rear of the property, with additional on-street parking.

    Local 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 $216.0k $24.00
    − Vacancy −$43.4k −$4.82
    EGI $172.6k $19.18
    − OpEx −$43.1k −$4.79
    NOI $129.4k $14.38
    9,000 SF · lease $24.00/SF/yr · vacancy 20.10% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.85M
    $1.62M – $2.16M (±1% cap)
    NOI $129,438 @ 7.0% cap · market cap 8.09%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.47M
    $2.16M – $2.88M (±1% cap)
    NOI $172,584 @ 7.0% cap · market cap 10.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Total Business Planning ... Financial Advisor Urban Living Jacksonville Property Management Company Austin Law Firm Law Firm M&M Homes Realty ... Real Estate Agency Fuller Financial Services Financial Advisor

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Law Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6564326
    Latitude
    30.3404138

    FAQs

    What type of property is this?
    Office building - Renovated office building in a desirable historic district.
    Where is this office building located?
    The property is located at 1354 N Laura St Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: +/- 9,000 SF Class A Office Space; Located in Desirable Historic District; Fully Renovated/Reconstructed in 2005
    More about this property
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