Shell Office
For Sale
Contact for pricing
1811 BLANDING Boulevard, Middleburg, FL 32068
Unfinished suites allow occupants to plan layouts for medical or professional operations.
Property Size11,172 SF
Price / SF$2.00
Days on Market11
Property Features for 1811 BLANDING Boulevard
General Information
Standard status
Active
Size
11,172 SF
Property subtype
Office
Additional Details
Condition
Shell
Property Use
Office
Building Details
Year Built
2021
Listing Agency:
REGION ATLANTIC REALTY
Listed By:
Roger Cooper · License #0586249
(904) 982-7620
Source:
Endlesssummerrealty
Added: Oct 26
Changed: Nov 5
Last Checked: Nov 4 at 3:28PM
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 REGION ATLANTIC REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2021, this shell office property offers suites ranging from approximately 5,259 SF to 11,172 SF. The unfinished interiors provide flexibility to configure the space for medical or professional use, with tenant improvement options available.
The property is on Blanding Boulevard in Middleburg, with access to Orange Park, Middleburg, and Jacksonville’s Westside.
The property is on Blanding Boulevard in Middleburg, with access to Orange Park, Middleburg, and Jacksonville’s Westside.
Key Highlights
- Shell office suites range from ±5,259 SF to ±11,172 SF
- Built in 2021
- Tenant improvement options available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,453
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,129,060
$3.1M
Cap Rate 7%
$2,235,043
$2.2M
Cap Rate 9%
$1,738,367
$1.7M
Market Conditions
NOI Build-Up for 11,172 SF
Gross rent
$268.1K $24.00/SF
− Vacancy
−$59.5K −$5.33/SF
EGI
$208.6K $18.67/SF
− OpEx
−$52.2K −$4.67/SF
NOI
$156.5K $14.00/SF
Area
Clay County, FL
Vacancy
22.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,129,060
Cap Rate 7%
$2,235,043
Cap Rate 9%
$1,738,367
Alternative Uses
Best Use
Office B
$2.24M
$1.96M – $2.61M
NOI $156,453 @ 7.0% cap · market cap 700.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,604 @ 7.0% cap · market cap 933.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 32068, FL
57,458
Population
21,830
Households
2.6
Avg Household Size
39
Median Age
22%
College-Educated
93%
High-School Grad
115.5 sq mi
ZIP Area
497
Density / Sq Mi
$82,410
Median Household Income
$42,615
Median Earnings
$1,411
Median Rent
$264,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Unfinished suites allow occupants to plan layouts for medical or professional operations.
Where is this office unit located?
The property is located at 1811 BLANDING Boulevard Middleburg, FL.
What are key features of this property?
This property features: Shell office suites range from ±5,259 SF to ±11,172 SF; Built in 2021; Tenant improvement options available
