11512 Lake Mead AveJacksonville, FL 32256

Property Details for 11512 Lake Mead Ave

Year built

2007

Construction

WOOD

Lot size

0.01 AC

Property size (Sq ft)

1,442 SF

Property type

Office properties

APN

167745-8550

APU

1677458550

Description

This exceptional Class A medical office condo, located at 11512 Lake Mead Ave, Jacksonville, FL 32256, presents a unique investment opportunity. The 2,496 square-foot, single-story building, built in 2007, sits on a 0.06-acre lot within a thriving medical office park. Currently vacant with an occupancy date of September 30, 2024, this fee-simple property offers immediate potential for owner-occupancy or investment. All exam rooms and the break room are fully plumbed, providing a turnkey solution for medical professionals. The property boasts convenient access to major roadways, including I-295 and SR-202, ensuring high visibility and accessibility. Zoned PUD, this property features one unit in a single building. The asking price is $1,200,000, translating to $480.77 per square foot. This prime location in a growing healthcare corridor of Jacksonville offers a strong and steady demand for medical office space, making it an attractive investment for long-term value and potential rental income. The property's APN is 167745-8540, 167745-8535.

• CAP approach

  CAP return

  Valuation

  6%

  $250,202

  6.5%

  $230,956

  7%

  $214,459

• Comparable approach

  Method

  Valuation

  Relative Method

  $98,070

  Geo Method

  $98,070

• Alternative Use

  Use

  Valuation

  Residential

  $286,385

  Hospitality

  $262,327

  Educational

  $218,253

  Medical

  $225,759

  Retail

  $339,505

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2325

Longitude

-81.5129

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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