13133 Professional DrJacksonville, FL 32225

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 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.

• 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

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

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