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1715 Village Way Medical Office 1715 Village Way 5,377 SF Office Building Orange Park, FL 32073 $1,200,000 ($223.17/SF) 7.52% Cap Rate
Executive Summary
** UNDER MARKET VALUE **
- Immediate Pro Forma Upside:
A leasable vacancy of 1,678 SF on the lower level provides a clear path to increase NOI to $131,299. At a conservative 7.5%–8.0% cap rate range, this stabilizes the asset's future value between $1.64M and $1.75M.
- Strong Financials: Priced at an attractive $1,200,000, yielding a strong $90,300 Net Operating Income (NOI) at a competitive 8.0% cap rate.
- ?Immediate cash flow is secured by an established medical tenant near HCA Florida Orange Park Hospital.
- Stabilized Stream: Anchored by Florida Physician Specialist, LLC through late 2027 under a Triple Net (NNN) lease structure, minimizing landlord expense exposure.
- Desirable Medical Zoning: Zoned CPO (Commercial Professional Office), making it ideal for medical, clinical, or professional services looking for a dedicated footprint.
- Immediate Pro Forma Upside:
A leasable vacancy of 1,678 SF on the lower level provides a clear path to increase NOI to $131,299. At a conservative 7.5%–8.0% cap rate range, this stabilizes the asset's future value between $1.64M and $1.75M.
- Strong Financials: Priced at an attractive $1,200,000, yielding a strong $90,300 Net Operating Income (NOI) at a competitive 8.0% cap rate.
- ?Immediate cash flow is secured by an established medical tenant near HCA Florida Orange Park Hospital.
- Stabilized Stream: Anchored by Florida Physician Specialist, LLC through late 2027 under a Triple Net (NNN) lease structure, minimizing landlord expense exposure.
- Desirable Medical Zoning: Zoned CPO (Commercial Professional Office), making it ideal for medical, clinical, or professional services looking for a dedicated footprint.
Data Room Click Here to Access
- Offering Memorandum
- NDA
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
5,377 SF
Building Class
B
Year Built/Renovated
1992/2002
Price
$1,200,000
Price Per SF
$223.17
Cap Rate
7.52%
NOI
$90,300
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
5,377 SF
Building FAR
0.15
Lot Size
0.84 AC
Zoning
CPO
Parking
22 Spaces (4.09 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Florida Physician Specialist, LLC
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Florida Physician Specialist, LLC | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 41-04-26-019509-000-00 | Improvements Assessment | $618,605 |
| Land Assessment | $246,645 | Total Assessment | $865,250 |
Property Taxes
Parcel Number
41-04-26-019509-000-00
Land Assessment
$246,645
Improvements Assessment
$618,605
Total Assessment
$865,250
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