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110-112 Irvin Ave SW 5,064 SF 100% Leased Office Building Live Oak, FL 32064 $825,000 ($162.91/SF) 6.46% Cap Rate
Investment Highlights
- 100% leased — government-anchored tenant (State of Florida / FDACS) with zero vacancy risk
- 3. 2024 interior renovation — ADA compliant, low deferred maintenance, inside Live Oak CRA district
- Mixed lease structure: Full Service + Triple Net (NNN) with 6 months prepaid rent on Suite 112
Executive Summary
Prime investment opportunity in Live Oak, FL — the county seat of Suwannee County. Fully leased 4,291 SF multi-tenant commercial building with two in-place leases and zero lease-up risk.
Suite 110 is leased to the Florida Department of Agriculture & Consumer Services (FDACS), a State of Florida government agency, on a Full Service lease. Suite 112 is leased to Specialized Health Care Services LLC on a 5-year Triple Net (NNN) lease with 6 months prepaid rent — tenant covers taxes, insurance, and maintenance on their suite.
Renovated in 2024. ADA compliant with on-site parking. Located inside the City of Live Oak CRA district — eligible for façade grants and redevelopment incentives.
$53,287 annual NOI | 6.46% cap rate | $825,000 asking price
Suite 110 is leased to the Florida Department of Agriculture & Consumer Services (FDACS), a State of Florida government agency, on a Full Service lease. Suite 112 is leased to Specialized Health Care Services LLC on a 5-year Triple Net (NNN) lease with 6 months prepaid rent — tenant covers taxes, insurance, and maintenance on their suite.
Renovated in 2024. ADA compliant with on-site parking. Located inside the City of Live Oak CRA district — eligible for façade grants and redevelopment incentives.
$53,287 annual NOI | 6.46% cap rate | $825,000 asking price
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
5,064 SF
Building Class
C
Year Built/Renovated
1959/2024
Price
$825,000
Price Per SF
$162.91
Cap Rate
6.46%
NOI
$53,287
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,456 SF
Building FAR
0.34
Lot Size
0.34 AC
Zoning
Commercial - CG
Parking
9 Spaces (2.01 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Reception
- Air Conditioning
1 1
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 23-02S-13E-06595-280070 | Total Assessment | $206,932 |
| Land Assessment | $43,920 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $163,012 | Tax Year | 2025 |
Property Taxes
Parcel Number
23-02S-13E-06595-280070
Land Assessment
$43,920
Improvements Assessment
$163,012
Total Assessment
$206,932
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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