13119 Professional Dr — Sale in Jacksonville, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Jacksonville, FL 32225
  • Year built: 1998

Photos

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Investment Figures

Cap rate
7.42%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire 13119 Professional Dr, Jacksonville, FL 32225, a high-quality, 100% occupied two-tenant office asset. Located within the only exclusive professional office park in the area, Harbour Place Professional Park, this 3,000 SF structure was built in 1998, has concrete panel exterior walls, was reroofed in 2022, and is situated upon 0.51 acres. Within the 3-mile radius surrounding the property, there are ~81,000 people, creating consistent demand for medical and professional office space in the area. Mid-Florida Prosthetics & Orthotics began leasing Suite 100 at the start of 2026 and has a 2-year lease term starting at $24/SF NNN with an annual bump. Prior to opening for business, they put tens of thousands of dollars into their own buildout, upgrading and updating the space for their medical use. Railway Systems Suppliers, Inc.’s lease commences for Suite 200 in October 2026 at $22/SF NNN with above-market annual bumps and a 2-year option. At a current cap rate of 7.42% and a $/SF of $310, this property is priced competitively, evidenced by the comparable sales listed in the back half of the offering memorandum. Investment Highlights: • Prime Location in the Only Professional Office Park in the Area Off of Atlantic Blvd, Harbour Place Professional Park • Roof Replaced in 2022 • 4.8% Vacancy Rate for Office Space Between 1,000-5,000SF in the Surrounding Area • Ample Parking and Easy Accessibility

Market Context

This office in Jacksonville, FL is listed for sale. It is offered at an approximate 7.4% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1998. Compare it against other office listings for sale in Jacksonville, FL — view the full market.

As of Q2 2026, the Jacksonville office market showed a 20.5% vacancy rate, and average asking rents near $23.25/SF/yr. Source: multiple brokerage reports, Q2 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Jacksonville office market tightening or softening?
Vacancy is around 20.5% (Q2 2026).

Estimated Price per SF

$159.64/SF – $1,161/SF

Mid: $483.76/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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