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

    3249 Hwy 17 Green Cove Springs, FL

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

    0.81 acre commercial parcel for ground lease or build-to-suit.

    Type:LAND
    Lot size:
    0.81 Acres
    Added:
    Apr 8, 2025
    Days on Market:
    387
    Last Refresh:
    Apr 5 at 11:03 pm

    Property Features for 3249 Hwy 17

    General Information

    Standard status
    Active
    Lot size
    0.81 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 3249 Hwy 17 Contact us

    We can help!

    Listing Contact
    Sean McGill

    Listing agent Sean McGill

    Listing office Cantrell & Morgan, Inc.

    Listing date Apr 8, 2025

    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 Cantrell & Morgan, Inc.

    Overview

    Commercial Parcel at Signalized Intersection

    This 0.81-acre commercial parcel is situated at a signalized intersection. It is available for ground lease or build-to-suit development. The site benefits from access to a new signalized intersection and features off-site retention. Zoned BB-2, the property is located two miles south of Fleming Island and two miles north of Green Cove Springs. Green Cove Springs serves as the county seat and is the location of the Clay County Courthouse. Traffic counts indicate 32,000 AADT on US 17 and 4,400 AADT on CR 315. CR 315 dead ends into this site and will connect US 17 with the First Coast Expressway.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Green Cove Springs
    County
    Clay
    State
    Florida
    Longitude
    -81.7057
    Latitude
    30.0238

    Nearby Similar for Lease

    • $500/Mo

      Office Space in Green Cove

      Office space available in Green Cove Springs, Florida.
      3616 MAGNOLIA POINT Boulevard, Green Cove Springs, FL 32043
      View Details
    • $2,100/Mo

      Green Cove Springs Commercial Lot

      One-acre commercial lot near SR-23, ideal for various businesses.
      INDUSTRIAL PARK Road, Green Cove Springs, FL 32043
      View Details
    • Contact for pricing

      Class A Industrial Park

      Master-planned industrial park with modern design and logistical advantages.
      0 S. Oakridge Avenue, Green Cove Springs, FL 32043
      View Details
    • $8 SF/Yr

      Versatile Retail/Office/Showroom Space Available

      Adaptable space near St. John’s River in Spring Park.
      1401-1435 S Orange Ave, Green Cove Springs, FL
      View Details
    • Contact for pricing

      Industrial Facility in Green Cove Springs

      Versatile industrial facility for manufacturing, distribution, or storage.
      3525 Enterprise Way, Green Cove Springs, FL, 32043
      View Details
    • Contact for pricing

      Prime Corner Lot For Lease

      0.40-acre commercial land for lease in Green Cove Springs.
      0 Magnolia Ave, Green Cove Springs, FL
      View Details
    • Contact for pricing

      Prime Commercial Land For Lease

      0.40-acre parcel for ground lease in Green Cove Springs.
      Magnolia Ave, Green Cove Springs, FL 32043
      View Details
    • Contact for pricing

      Retail/Office Space For Lease

      Retail and office spaces available for lease in Green Cove.
      800 N Orange Ave, Green Cove Springs, FL 32043
      View Details
    • Contact for pricing

      Office/Retail/Showroom Space For Rent

      Office, retail, or showroom space available near St. John’s River.
      1401-1435 S. Orange Avenue, Green Cove Springs, FL 32043
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.81 acre commercial parcel for ground lease or build-to-suit.
    Where is this commercial land located?
    The property is located at 3249 Hwy 17 Green Cove Springs, FL.
    What are key features of this property?
    This property features: Signalized intersection location with high traffic counts (US 17: 32,000 AADT); 0.81 acre commercial parcel suitable for Ground Lease or Build‑to‑Suit; Zoned BB‑2
    (904) 493-1603 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sean McGill
    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!