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

    430 College Dr, Unit 200-218 Middleburg, FL 32068

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $2,400,000

    Second-floor suites with elevator access in Middleburg, Florida.

    Property size:
    25,000 SF
    Lot size:
    0.02 Acres

    Property Features for 430 College Dr

    General Information

    Standard status
    Pending
    Size
    25,000 SF
    Lot size
    0.02 Acres

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Christina Welch
    Source: Exitrealty

    Listing Agency: KELLER WILLIAMS ST JOHNS Listing Agent: Christina Welch

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

    Learn more

    Overview

    Versatile Suites in Middleburg, Florida

    The entire second floor of a large, open steel and concrete building is available, featuring 18 versatile suite parcels. Elevator access provides convenience. The building's robust construction allows for flexibility in suite sizes, catering to various business needs. Located in Middleburg, Florida, this property is suited for owner-use or for adding potential tenants. This space offers potential for growth and is suitable for businesses of all sizes.
    Location Intelligence

    Current Use by Public Records

    Wehner Weddings LLC Music Venue Milind V Tilak, ... Physician Hariklia Bezhani Physician Jacksonville Pediatric Associates ... Pediatrician Dr. Suwarna Tilak Pediatrician

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Middleburg
    County
    Clay
    State
    Florida
    Longitude
    -81.7770836
    Latitude
    30.1086561

    Nearby Similar for Sale

    • $330,900
      1,328 SF

      Middleburg Commercial Property For Sale

      Commercial property in Middleburg, Florida, suitable for redevelopment or renovation.
      535 College Dr, Middleburg, FL 32068
      View Details
    • $1,950,000
      3,021 SF

      Established Sports Bar and Store

      Turnkey sports bar and liquor store near Middleburg, Florida.
      5406 County Road 218, Middleburg, FL 32068
      View Details
    • $400,000
      1,140 SF

      Historic Retail Building in Middleburg

      Versatile commercial building in prime location with recent updates.
      3903 Main St, Middleburg, FL 32068
      View Details
    • $775,000
      4.80 Acres

      Waterfront Land in Middleburg, FL

      Undeveloped waterfront property on Black Creek near local amenities.
      3716 Main St, Middleburg, FL 32068
      View Details
    • $2,400,000
      25,000 SF

      Middleburg Office Suites with Elevator

      Versatile office suites in Middleburg, Florida, with elevator access.
      430 College Dr, Middleburg, FL 32068
      View Details
    • Contact for pricing

      Publix Shadow-Anchored Retail Center

      Retail center with national tenants, high traffic, and recent upgrades.
      2620 Blanding Blvd, Middleburg, FL 32068
      View Details
    • Contact for pricing

      Publix Shadowed Neighborhood Center

      Retail center shadowed by Publix with high traffic and recent renovations.
      2620 Blanding Blvd, Middleburg, FL 32068
      View Details
    • $400,000

      Historic Commercial Building For Sale

      Versatile commercial building with prime location and endless potential.
      3903 Main St, Middleburg, FL 32068
      View Details
    • $1,800,000
      2,989 SF

      Established Sports Bar and Store

      Thriving sports bar and liquor store near Jennings State Forest.
      5406 County Road 218, Middleburg, FL 32068
      View Details
    • Contact for pricing
      3,705 SF

      Middleburg, Florida Retail Investment

      NNN leased Kid City USA with zero landlord responsibilities.
      29 Cinnamon St, Middleburg, FL 32068
      View Details
    • $450,000
      2,569 SF

      Middleburg Commercial Property For Sale

      Commercial property in Middleburg, Florida with lease in place.
      430 College Dr, Middleburg, FL 32068
      View Details

    FAQs

    What type of property is this?
    Office units - Second-floor suites with elevator access in Middleburg, Florida.
    Where is this office units located?
    The property is located at 430 College Dr, Unit 200-218 Middleburg, FL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Entire second floor of a steel and concrete building.; - 18 versatile suite parcels.; - Elevator access.
    (904) 652-5538
    Request Owner's contact information
    430 College Dr, Unit 200-218 Middleburg, FL 32068
    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.
    430 College Dr, Unit 200-218
    Middleburg, FL 32068
    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
    430 College Dr, Unit 200-218 Middleburg, FL 32068
    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

    We can help!
    Listing Contact
    Christina Welch
    Real Estate License ID: 3186165
    (904) 652-5538 (904) 867-7694
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!