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Property profile & analytics
FOR LEASE
Medical Office Space
1605 Kingsley Ave Orange Park, FL 32073
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4087919
For Lease
1 / 11
$865,000
1605 Kingsley Ave, Orange Park, FL 32073
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Property summary
AI-generated overview
This exceptional 4,579-square-foot freestanding medical office building is situated in the prime Eagles Nest Medical Complex of Orange Park, Florida. Built in 1987, this single-story structure sits on a 0.63-acre lot and enjoys a highly visible location on Kingsley Avenue at a signalized intersection. The property offers convenient patient parking with ADA accessibility, ensuring ease of access for all visitors. A covered walkway entrance provides protection from the elements, while separate staff parking is also available. The building's location within the established Eagles Nest Medical Complex in the Orang Park/Clay County submarket makes it an ideal location for medical practices seeking high visibility and convenient access for patients. The single-tenant occupancy presents a unique opportunity for a medical professional or group seeking a well-maintained and strategically positioned facility. The address is 1605 Kingsley Ave, Orange Park, FL 32073. This property presents a compelling investment opportunity in a thriving medical submarket.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Construction
WOOD
Total area
4,883 SF
Lot
0.63 ac (27,312 SF)
Zoning code
CPO
APN
41-04-26-020262-004-00
UPID
US18-4087919
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Eric J. Edelenbos, DO Physician
-
Richard A. McCauley, MD Physician
-
Robert Powers Physician
-
Conkling Michelle Medical Clinic
-
Vanessa Kes, DNP, APRN, WHNP-BC, RNC-OB, C-EFM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$865k
Owner & transaction history
The Medical Office LLC · 2 yrs held
The Medical Office LLC
since 2023
Last sale
$827,000
4 recorded transactions
Zoning & alternative use
CPO · Orange Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Orange Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$930,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
$1,085,000
6.5%
$1,000,000
7%
$930,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,045,000
Current use
AUTO REPAIR, GARAGE
$920,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $827k (Nov 13 2023)
Last sale anchor
$827k
Nov 13 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$177 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,415
Tax year 2023
Assessed value
$651,310
Assessed 2023
Previous assessed
$576,364
+13.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$191,352
Assessed improvement
$459,958
Land market value
$191,352
Improvement market value
$459,958
Total market value
$651,310
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
19
Total area
4,883 SF
Lot
0.63 ac (27,312 SF)
Zoning code
CPO
APN
41-04-26-020262-004-00
UPID
US18-4087919
Jurisdiction
CLAY
Zoning & alternative use
CPO · Orange Park, FL
Zoning CPO · permitted uses
CPO · Orange Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orange Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$920,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
19
Lot
0.63 ac
Current owner
From public records · entity-resolved
The Medical Office LLC
Entity
Free & Clear · 2 yrs held
Mailing address
590 WLS RD, ORANGE PARK, FL 32073-2978
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2023
$827,000
The Medical Office LLC
Klp Partnership
Warranty Deed
—
Aug 29, 2016
—
Klp Ptshp LLP
—
Deed
related
$600,000 · Compass Bk
—
—
Klp Ptshp LLP
—
Loan Modification
related
$600,000 · Compass Bk
—
—
Klp Ptshp LLP
—
Loan Modification
related
$600,000 · Compass Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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