Medical Office Feasibility Study in the Jacksonville, FL Metro Area

Jacksonville physician offices borrow near double the national size

The median medical office loan in Jacksonville is $648,000, 1.89x the national figure, with quartile edges of $311,500 and $1.1 million. SBA lists 39 loans totaling $30.6 million. The location quotient is 1.03x, close to national weight, medical office is 9 of 39 locally, and the metro is 37 of 488 across metro and micro areas.

Program and geography

Program tallies show 34 in 7(a) and 5 in 504, with franchise share at 0.00%. Duval County, FL carries 19 of the 39 loans, about half the record, with the rest spread across neighboring counties.

Two holders

Of the two names listed, The Huntington National Bank has 5 loans worth $2.6 million and PNC Bank, National Association has 5 worth $4.6 million. Together the two holders account for 10 of the 39 loans. These are SBA tallies and no assessment of either bank. Only FY2018 and FY2021 print, each with 5 loans, at $5.1 million and $3.5 million. The other eight years are withheld by Loan Analytics because each holds too few loans to print.

What is missing

Jacksonville's physician offices show no cancellation or charge-off percentage in this cell, and neither gap is a zero. No cancellation rate is printed since its cohort has under 30 loans; Loan Analytics also withholds the charge-off rate here. A county counts in the metro only if its name is found in the 2023 list.

What a Jacksonville study should settle

A study should settle whether the practice will own or lease, and test payer mix, clinician recruitment and patient demand for the specialty. Run coverage at $648,000 and near $1.1 million, the upper quartile edge, and also near $311,500, the lower one. The appraiser should separate land and building, medical equipment and the practice itself, and nothing here guarantees financing. A study should map the practice's likely patients by neighborhood and count the competing offices within that area. Tenant improvement budgets for medical space should be itemized rather than estimated by square foot alone, and the 39 loans in this record are context, not a substitute for that work.