Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1919 Wells Rd Orange Park, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail property with 108,578 SF available for sale.

    Type:RETAIL
    Property size:
    108,578 SF
    Lot size:
    11.37 Acres
    Price / SF:
    $128/SF
    Added:
    Jan 2, 2024
    Days on Market:
    848
    Last Refresh:
    Apr 5 at 10:04 pm

    Property Features for 1919 Wells Rd

    General Information

    Standard status
    Active
    Size
    108,578 SF
    Lot size
    11.37 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Ari Ravi
    Ari Ravi

    Listing agent Ari Ravi

    Listing office RIPCO Real Estate | Tampa

    Listing date Jan 2, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RIPCO Real Estate | Tampa

    Overview

    Retail Space in Orange Park

    This retail property, located in Orange Park, Florida, features a total square footage of 108,578 square feet and sits on 11.37 acres. The property has a frontage of 451 feet and operates on an absolute NNN lease structure. The Net Operating Income (NOI) is $839,059.
    Location Intelligence

    Current Use by Public Records

    Tool & Truck Rental ... Rental Equipment Company Larry Brown OD, ... Ophthalmologist Yale KeyExpress Locksmith orange park home Building Supply Amerigas Propane Exchange Propane Supplier

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Orange Park Mall — 1910 wells rd ste 1096a, orange park, fl 32073
    • Sunglass Hut — 1910 Wells Rd Suite D09, Orange Park, FL 32073
    • Mall Management Office — 1910 wells rd, orange park, fl 32073
    • Mall Management Office — 1910 Wells Rd # C07, Orange Park, FL 32073
    • Orange Park Mall — 1910 Wells Rd, Orange Park, FL 32073

    Location Insight

    • Map
    • Local Demand
    City
    Orange Park
    County
    Clay
    State
    Florida
    Longitude
    -81.7344
    Latitude
    30.189

    Nearby Similar for Sale

    • $1,500,000
      11,900 SF

      Durable Commercial Property in Orange Park

      Versatile 11,900 SF commercial property suitable for various uses.
      772 FOXRIDGE CENTER Drive, Orange Park, FL 32065
      View Details
    • $975,000
      9,650 SF

      Orange Park Commercial Property For Sale

      Commercial property in high-traffic area suitable for various applications.
      1017 BLANDING Boulevard, Orange Park, FL 32065
      View Details
    • $140,000
      3,000 SF

      Orange Park Drive-Thru Restaurant

      Sandwich shop with drive-thru in busy shopping center.
      1330 BLANDING Boulevard, Orange Park, FL 32065
      View Details
    • $465,000
      2,280 SF

      Orange Park Medical Office Investment

      Medical office near Orange Park Medical Center, leased under contract.
      1555 KINGSLEY Avenue, Orange Park, FL 32073
      View Details
    • $1,199,000
      3,408 SF

      Medical Facility in Orange Park

      Equipped medical facility or business location in Orange Park, Florida.
      1906 DEBARRY Avenue, Orange Park, FL 32073
      View Details
    • $1,795,000
      1,767 SF

      Versatile Commercial Portfolio in Orange Park

      Three parcels with a leased building and expansion potential.
      1005 Park Ave, Orange Park, FL 32073
      View Details
    • $3,100,000
      25,662 SF

      Freestanding Retail/Commercial Building For Sale

      25,662 SF building on 2.3 acres in Orange Park, FL.
      361 Blanding Blvd, Orange Park, FL 32073
      View Details
    • $600,000
      1,602 SF

      Multi-Unit Property in Orange Park

      Multi-unit property with long-term tenants in Orange Park, Florida.
      218 Loring Ave, Orange Park, FL 32073
      View Details
    • $2,600,000
      2,571 SF

      Corner Retail Property in Orange Park

      Corner retail property with upgrades in fast-growing Orange Park, Florida.
      1313 BLANDING Boulevard, Orange Park, FL 32065
      View Details
    • $450,000
      3,078 SF

      Office Space Near Hospital

      Office space available near HCA Orange Park Hospital.
      1409 Kingsley Ave #7, Orange Park, FL 32073
      View Details
    • $975,000

      Blanding Boulevard Commercial Property

      Mixed-use retail property on Blanding Blvd with conversion potential.
      1017 Blanding Boulevard Orange Park, FL 32065
      View Details
    • $57,500
      1,200 SF

      Profitable Restaurant Business in Mall

      Turnkey Mediterranean restaurant business for sale in Orange Park Mall.
      1910 Wells Road, Orange Park, FL 32073
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail property with 108,578 SF available for sale.
    Where is this shopping center located?
    The property is located at 1919 Wells Rd Orange Park, FL.
    What is the asking price?
    The asking price for this property is $13,985,000.
    What are key features of this property?
    This property features: High NOI: $839,059; Large Available Space: 108,578 SF; Significant Acreage: 11.37 acres
    (813) 921-5640 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ari Ravi
    Ari Ravi
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!