Turnkey Office Condo for Sale
Move-In Ready Office Condo Designed for Immediate Owner-User Occupancy
Marketing description
Ground-floor 980 SF professional condominium offering a clean, functional layout with strong curb accessibility and convenient drive-up parking.
The suite is fully built out with four private offices, reception area, kitchenette, and private restroom - providing a turnkey setup for immediate occupancy with minimal upfront work.
Located within a well-maintained 12,000 SF complex with recent roof replacement and upgraded exterior lighting, the property supports a professional environment with long-term stability.
Ideal for small professional practices seeking efficiency, accessibility, and a polished client-facing space without unnecessary overhead.
Investment highlights
Turnkey Setup - Fully built-out with offices, reception, and support spaces in place
Immediate Occupancy - Avoid delays and costs associated with buildout
Client-Friendly Access - Ground-floor entry with convenient parking
Efficient Layout - 980 SF optimized for daily operations without wasted space
Professional Environment - Clean finishes and lighting that present well to clients
Controlled Overhead - Condo structure supports predictable operating costs
Established Complex - Recent roof replacement and exterior lighting upgrades
Pro Forma Investment Summary
Estimated Market Rent
Estimated Lease Rate: $24.50/SF
Estimated Monthly Rent: ±$2,000/month
Estimated Annual Gross Income: ±$24,000
Estimated Vacancy Allowance
5% Vacancy Factor
Estimated Vacancy Reserve: ±$1,200 annually
Estimated Operating Expenses (Projected)
Property Taxes: $1,050.34
Insurance: ±$1,000
CAM/HOA Fees: $1,800 annually ($150/month)
Maintenance/Reserves: ±$1,500
Management Allowance: ±$1,800
Estimated Total Operating Expenses
±$7,150 annually
Estimated NOI
±$15,650 annually
Estimated Cap Rate Examples
At $200,000 Purchase Price → ±7.83% Cap
At $215,000 Purchase Price → ±7.28% Cap
At $225,000 Purchase Price → ±6.96% Cap
Important Disclaimer
Projected financial figures are based on estimated market rental rates and projected operating expenses and are provided for informational purposes only. Figures are not based on historical operating statements unless otherwise stated. Buyer to independently verify all financial assumptions, leasing projections, operating expenses, and investment performance.
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