6,600 SF Flex Space
For Sale
Contact for pricing
151 College Dr, Orange Park, FL
6,600 SF flex space building for sale, divisible to 2,200 SF.
Property Size6,600 SF
Lot Size4.66 Acres
Price / SF$128.64
Days on Market685
Property Features for 151 College Dr
General Information
Standard status
Active
Size
6,600 SF
Lot size
4.66 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Prime Realty
(904) 352-1400
Listed By:
Conrad Boylan · License #3382471
(904) 515-2590
Source:
Moodyscre
Added: Dec 16, 2024
Changed: Oct 25
Last Checked: Nov 1 at 6:06AM
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 Prime Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 6,600 square foot flex space building nearing completion. The property offers the ability to be divided into 2,200 square foot bays. It presents an opportunity for investors or owner users.
Key Highlights
- 6,600 square foot building nearing completion
- Ability to divide into 2,200 square foot bays
- Suitable for investors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,619
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,132,380
$1.1M
Cap Rate 7%
$808,843
$808.8K
Cap Rate 9%
$629,100
$629.1K
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$70.5K $10.68/SF
− Vacancy
−$3.9K −$0.59/SF
EGI
$66.6K $10.09/SF
− OpEx
−$10.0K −$1.51/SF
NOI
$56.6K $8.58/SF
Area
Clay County, FL
Vacancy
5.50%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,132,380
Cap Rate 7%
$808,843
Cap Rate 9%
$629,100
Alternative Uses
Best Use
Warehouse
$808.8K
$707.7K – $943.7K
NOI $56,619 @ 7.0% cap · market cap 6.67%
Second Best
Industrial
$666.1K
$582.9K – $777.1K
NOI $46,628 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,235 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - 6,600 SF flex space building for sale, divisible to 2,200 SF.
Where is this flex space located?
The property is located at 151 College Dr Orange Park, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 6,600 square foot building nearing completion; Ability to divide into 2,200 square foot bays; Suitable for investors
