Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Development Land Available Title is generated by Realmo AI

    1339 S Walnut St, Starke, FL

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    5-acre retail development site with signalized access.

    Type:LAND
    Lot size:
    5.00 Acres
    Added:
    Mar 13, 2024
    Days on Market:
    813
    Last Refresh:
    May 20 at 9:33 pm

    Property Features for 1339 S Walnut St

    General Information

    Standard status
    Active
    Lot size
    5.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Michael Pardon

    Listing agent Michael Pardon

    Listing office Cantrell & Morgan, Inc.

    Listing date Mar 13, 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 Cantrell & Morgan, Inc.

    HighLights

    • Signalized access and RI/RO at the intersection of US 301 and Hazen St.
    • 5 ac retail development
    • Adjacent to Tractor Supply, Bealls Outlet, Aldi, Goodwill, Family Dollar, Rent‑A‑Center, Cato
    • 1/2 mile from new Bradford County K‑6 grade elementary school (opening August 2023)
    • S Walnut St traffic counts: 10,700 AADT

    Overview

    This 5-acre commercial land is suitable for retail development. The site benefits from signalized access and right-in/right-out access at the intersection of US 301 and Hazen Street. It is located approximately 0.5 miles from a new Bradford County K-6 grade elementary school, which was scheduled to open in August 2023. The property is adjacent to Tractor Supply, Bealls Outlet, Aldi, Goodwill, Family Dollar, Rent-A-Center, and Cato. Traffic counts on South Walnut Street are reported at 10,700 AADT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Starke
    County
    Bradford
    State
    Florida
    Longitude
    -82.1184
    Latitude
    29.9332

    Nearby Similar for Sale

    • $237,900
      2,512 SF

      Starke Commercial Opportunity

      Two commercial properties on over 1/3 acre.
      715 N WALNUT Street, Starke, FL 32091
      View Details
    • $975,000
      1,200 SF

      Prime Highway Frontage Land

      Nearly 8 acres with commercial potential on US-301.
      12171 US 301, Starke, FL 32091
      View Details
    • $545,000
      1,200 SF

      Starke Commercial Property For Sale

      5.3 acres with office, ideal for business or investment.
      17940 US HIGHWAY 301, Starke, FL 32091
      View Details
    • $1,600,000

      Cleared Land in Starke, FL

      6-acre commercial land parcel in high-demand Starke location.
      00 S WALNUT STREET, STARKE, FL 32091
      View Details
    • $360,000
      1,500 SF

      Updated Commercial Property on SR 100

      Turnkey commercial property ideal for production, retail, or combination.
      10204 SE STATE ROAD 100, STARKE, FL 32091
      View Details
    • $400,000

      Commercial Corner Parcel in Starke

      Commercial land with high visibility and development potential in Starke.
      3473 SE 144TH Street, Starke, FL 32091
      View Details
    • $130,000
      2,185 SF

      Commercial Building in Downtown Starke

      Rezoned commercial building, ideal for office or rental property.
      224 S THOMPSON Street, Starke, FL 32091
      View Details
    • $750,000

      Prime Commercial Land on US-301

      7-acre commercial land parcel with high visibility on US-301.
      13620 US HIGHWAY 301 S, Starke, FL 32091
      View Details
    • $300,000
      2,892 SF

      Starke Commercial Opportunity For Sale

      High-visibility commercial property with adaptable space in a high-traffic location.
      1605 N TEMPLE Avenue, Starke, FL 32091
      View Details
    • $750,000

      Prime Highway Frontage Land Parcel

      7-acre commercial land parcel with highway frontage in Starke, Florida.
      13620 US-301, Starke, FL 32091
      View Details
    • $599,000

      Starke, FL Commercial Land

      3.73-acre lot with commercial potential in Starke, Florida.
      SE 9th Avenue, Starke, FL 32091
      View Details
    • $120,000
      1,581 SF

      Commercial Building in Downtown Starke

      Rezoned commercial building near downtown and Historic Call Street.
      226 S THOMPSON Street, Starke, FL 32091
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5-acre retail development site with signalized access.
    Where is this commercial land located?
    The property is located at 1339 S Walnut St Starke, FL.
    What are key features of this property?
    This property features: Signalized access and RI/RO at the intersection of US 301 and Hazen St.; 5 ac retail development; Adjacent to Tractor Supply, Bealls Outlet, Aldi, Goodwill, Family Dollar, Rent‑A‑Center, Cato
    (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
    Michael Pardon
    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

    Thank You for Inquiry
    1339 S Walnut St, Starke, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!