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1123-1131 3rd St N 4,405 SF 56% Leased Office Building Jacksonville Beach, FL 32250 $2,273,456 CAD ($516.11 CAD/SF) 8% Cap Rate
Executive Summary
Prime location in Jacksonville Beach- located on the East side ( ocean side) of heavily trafficked 3rd St. Easy access with 2 points of entry! A trophy asset that needs some attention with various property updates and marketing of the vacant space. Sellers have owned for 31 years and are ready for new ownership. Currently has 23 parking spots and a sign pole for the tenants with great visibility. One of the tenants requires very little parking as it caters seafood boils. They occupy 1,000 s.f. at $30 per s.f. on a gross lease. Lease expires 8/28 with 3% annual increases. The other tenant is a chiropractor who occupies 1,400 s.f. at $28 per s.f. on a gorss lease. Lease expires 4/30 with 3% annual increases.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,405 SF
Building Class
C
Year Built
1963
Price
$2,273,456 CAD
Price Per SF
$516.11 CAD
Cap Rate
8%
NOI
$181,967 CAD
Percent Leased
56%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,405 SF
Building FAR
0.36
Lot Size
0.28 AC
Zoning
JC-1 - mix of neighborhood-level commercial, office, and residential uses. It is specifically designed to provide localized, pedestrian-friendly goods and services without drawing heavy, auto-oriented, or industrial traffic
Parking
10 Spaces (2.27 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Jax Seafood Boil
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Smith Chiropractic
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Jax Seafood Boil | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Smith Chiropractic | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 174571-0000 | Total Assessment | $961,814 CAD |
| Land Assessment | $784,977 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $176,837 CAD | Tax Year | 2026 Payable 2027 |
Property Taxes
Parcel Number
174571-0000
Land Assessment
$784,977 CAD
Improvements Assessment
$176,837 CAD
Total Assessment
$961,814 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026 Payable 2027
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1123-1131 3rd St N
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