Orange Park Office Building For
For Sale
Contact for pricing
1409 Kingsley Ave, Orange Park, FL 32073
Office building for sale in a high-demand, densely populated area.
Property Size4,579 SF
Price / SF$262.07
Days on Market932
Property Features for 1409 Kingsley Ave
General Information
Standard status
Active
Size
4,579 SF
Class
B
Property subtype
Office
Occupancy
60%
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Cross Regions
Listed By:
Bryce Arndt · License #SL3622598
Source:
Crexi
Added: Feb 2, 2024
Changed: Aug 8
Last Checked: Aug 21 at 5:04AM
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 Cross Regions
Investment Insights
Based on property information with market context.
The 1409 Kingsley Office Building is available for sale in Orange Park, Florida. The property is suitable for medical or general office users. Suite 6A is fully leased to a national tenant under a 7-year lease expiring in 2025, with 3% annual increases. The property is located 1.5 miles west of US-17 on Kingsley Avenue, offering excellent visibility with an average annual daily traffic count of over 26,500. The location benefits from established neighborhoods, a strong daytime population, and a growing demand for medical and professional services. The building offers easy access and strong visibility.
Key Highlights
- Prime location on Kingsley Avenue with excellent visibility (+26,500 AADT) in a high‑demand, densely populated area.
- Suite 6A is fully leased to a national tenant on a 7‑year lease (expiring in 2025) with 3% annual increases, providing stable income.
- Ideal for medical or general office users, catering to a growing demand for these services.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,124
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,282,480
$1.3M
Cap Rate 7%
$916,057
$916.1K
Cap Rate 9%
$712,489
$712.5K
Market Conditions
NOI Build-Up for 4,579 SF
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.
Gross rent
$109.9K $24.00/SF
− Vacancy
−$24.4K −$5.33/SF
EGI
$85.5K $18.67/SF
− OpEx
−$21.4K −$4.67/SF
NOI
$64.1K $14.00/SF
Area
Clay County, FL
Vacancy
22.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,282,480
Cap Rate 7%
$916,057
Cap Rate 9%
$712,489
Alternative Uses
Best Use
Office B
$916.1K
$801.6K – $1.07M
NOI $64,124 @ 7.0% cap · market cap 5.34%
Second Best
Healthcare Medical
$870.4K
$761.6K – $1.02M
NOI $60,926 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,499 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,003
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32073, FL
43,527
Population
17,301
Households
2.5
Avg Household Size
41
Median Age
27%
College-Educated
92%
High-School Grad
16.8 sq mi
ZIP Area
2,591
Density / Sq Mi
$76,139
Median Household Income
$40,947
Median Earnings
$1,392
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office building for sale in a high-demand, densely populated area.
Where is this medical office space located?
The property is located at 1409 Kingsley Ave Orange Park, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime location on Kingsley Avenue with excellent visibility (+26,500 AADT) in a high‑demand, densely populated area.; Suite 6A is fully leased to a national tenant on a 7‑year lease (expiring in 2025) with 3% annual increases, providing stable income.; Ideal for medical or general office users, catering to a growing demand for these services.
