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    13121 Atlantic Blvd Jacksonville, FL 32225

    For Sale
    $1,935,000

    Jacksonville Office Building, 6,768 SF

    Property size:
    6,768 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a single-story, 6,768-square-foot traditional office building situated on a 0.6-acre lot at 13121 Atlantic Blvd in Jacksonville, Florida. The property boasts a 100% occupancy rate with two tenants, one of which has been in place since 2011, and the other in year two of a seven-year lease. The building, constructed in 2002, features a NNN lease structure and offers a stabilized investment profile with a current NOI of $127,176 and a pro-forma NOI of $131,627, resulting in a 6.57% cap rate and a pro-forma cap rate of 6.80%. The asking price is $1,935,000, translating to a price per square foot of $285.90. Located in a prime location with high visibility on Atlantic Boulevard (54,000 vehicles per day), the property benefits from its position within the area's only exclusive professional office park, surrounded by significant commercial and residential development. The property is zoned PUD and lease options are available. This is a fee-simple ownership opportunity with strong potential for future rent growth due to varying lease terms and a low vacancy rate (4.7%) for comparable office space in the surrounding area.

    Property Features for 13121 Atlantic Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,768 SF
    Lot Size
    26,136 SF

    Building Details

    Year Built
    2002
    Buildings
    1
    Stories
    1
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Michael B. Mcneil, ... Chiropractor Dr. Donna Treesh General Practitioner SANFORD ALTON KAUFMAN General Practitioner Dees Melanie W ... Doctor Sanford Kaufman General Practitioner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.4636267
    Latitude
    30.3205197

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    FAQs

    What type of property is this?
    Office Property / Space - Jacksonville Office Building, 6,768 SF
    Where is this office property / space located?
    The property is located at 13121 Atlantic Blvd Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $1,935,000.
    Request Owner's contact information
    13121 Atlantic Blvd Jacksonville, FL 32225
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    Jacksonville, FL 32225
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13121 Atlantic Blvd Jacksonville, FL 32225
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