Office and Gym Conversion
96549 PARLIAMENT Drive Fernandina Beach, FL 32034
New
96549 PARLIAMENT Drive, Fernandina Beach, FL, 32034
$3,250,000
For Sale
$3,250,000
Two 2007-built buildings totaling 15,680 SF, with 56 paved parking spaces and a porte cochere entry.
Property Size15,680 SF
Price / SF$207.27
Days on Market7
Property Features for 96549 PARLIAMENT Drive
General Information
- Standard status
- Active
- Size
- 15,680 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2007
Listing Agency
AMELIA COASTAL REALTY LLC
(904) 261-2770
Listed by
Tara Thousand · License #3378223
Source
Xome
Added: Jul 12 Checked: Jul 18 at 2:23 am
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 AMELIA COASTAL REALTY LLC
Investment Insights
Based on property information with market context.
This offering includes two buildings totaling 15,680 SF, built in 2007 and described as maintained in pristine condition. The main building provides 10,640 SF of office and gym space that can be converted to many other commercial uses. The rear building totals 5,040 SF and is currently occupied by two tenants, generating income for the property.
The buildings are located on Nassauville Road, just half a mile south of SR 200.
On-site parking includes 56 paved spaces, with a porte cochere located above the entrance.
The buildings are located on Nassauville Road, just half a mile south of SR 200.
On-site parking includes 56 paved spaces, with a porte cochere located above the entrance.
Key Highlights
- Two buildings totaling 15,680 SF, built in 2007 (main 10,640 SF office & gym space; rear 5,040 SF).
- Rear building includes 2 tenants in place for existing income.
- 56 paved parking spaces plus a porte cochere entry.
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 | $376.3k | $24.00 |
| − Vacancy | −$83.5k | −$5.33 |
| EGI | $292.8k | $18.67 |
| − OpEx | −$73.2k | −$4.67 |
| NOI | $219.6k | $14.00 |
15,680 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.14M
$2.74M – $3.66M
NOI $219,583 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.18M
$3.66M – $4.88M
NOI $292,777 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two 2007-built buildings totaling 15,680 SF, with 56 paved parking spaces and a porte cochere entry.
Where is this office building located?
The property is located at 96549 PARLIAMENT Drive Fernandina Beach, FL.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Two buildings totaling 15,680 SF, built in 2007 (main 10,640 SF office & gym space; rear 5,040 SF).; Rear building includes 2 tenants in place for existing income.; 56 paved parking spaces plus a porte cochere entry.
