13133 Professional DrJacksonville, FL 32225

  • Office properties
  • 3,321 SF
For Sale
$947,200 View listing

Property Details for 13133 Professional Dr

Year built
1996
Construction
WOOD
Lot size
0.50 AC
Property size (Sq ft)
3,321 SF
Zone code
PUD
Property type
Office properties
Property subtype
Office buildings
APN
167316-0430
APU
1673160430

Description

This exceptional investment opportunity presents a 3,200 square foot, single-story office building located at 13133 Professional Drive in Jacksonville, Florida. The property, built in 1996, sits on a 1.58-acre lot and is zoned PUD - Office, medical, real estate. Currently boasting 100% occupancy with two tenants, this Class B building offers a stabilized investment with a strong net operating income (NOI). The building is divided into two 1,600 square foot suites, each currently under lease. Suite 100's lease, renewed January 1, 2023, runs through December 31, 2026, with a 3% annual increase. Its current year NOI is $27,232.80. Suite 200's lease, renewed July 1, 2023, extends to June 30, 2026, also with a 3% annual escalation (next adjustment July 1, 2024), and a current year NOI of $27,103.80. The property is offered at $947,200, representing a price per square foot of $296. The lease type is NNN, and the remaining lease term is approximately 2.1 years. This property is ideally situated just three miles from the beaches and offers significant potential for owner-users or investors. The property's convenient location and strong tenant base make it a compelling investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $502,918
    6.5%
    $464,232
    7%
    $431,073
  • Comparable approach

    Method
    Valuation
    Relative Method
    $225,861
    Geo Method
    $225,861
  • Alternative Use

    Use
    Valuation
    Residential
    $575,648
    Hospitality
    $527,291
    Educational
    $438,700
    Medical
    $453,787
    Retail
    $682,422
13133 Professional Dr, Jacksonville, Florida

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.3209
Longitude
-81.4629
CBSA code
27260
CBSA name
JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,016
$196,020
$298,080
$494,100
-
$196,020
$298,080
$494,100

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