Fleming Island Retail/Office
1915 E West Pkwy Orange Park, FL 32003
1915 E West Pkwy, Orange Park, FL, 32003
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For Sale
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7,440 SF retail/office property in high-growth Fleming Island, Florida.
Property Size7,440 SF
Price / SF$249.06
Days on Market119
Property Features for 1915 E West Pkwy
General Information
- Standard status
- Active
- Size
- 7,440 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2007
Listing agency
Ripco Real Estate
(863) 289-0387
Listed by
Ari Ravi · License #SL- 3210827
Source
Crexi
Added: Mar 26 Updated: Jul 6 at 8:26AM Checked: Jul 21 at 8:42AM
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 Ripco Real Estate
Investment Insights
Based on property information with market context.
This 7,440 SF retail/office property is located at 1915 E. West Parkway in Fleming Island, Clay County, Florida. The property features two units: a 3,468 SF space leased to Grassroots Natural Market II and a 3,972 SF vacant space formerly occupied by a chiropractic firm. The zoning allows for a broad range of uses, including restaurant, nightclub, daycare, and medical office. Situated within a planned development at the intersection of County Road 220 and Hwy. 17, the location benefits from a combined annual average daily traffic count of 85,500. The property is adjacent to national tenants such as Walmart, Target, Home Depot, and Publix. Within a three-mile radius, there are 34,154 residents with an average household income of $144,664. This asset presents an investment opportunity for investors and owner/users seeking a two-tenant retail/office center in a high-growth infill location within a wealthy submarket of the Jacksonville MSA.
Key Highlights
- High traffic location with 85,500 ADDT at the intersection of County Road 220 and Hwy 17.
- Located in a high‑growth infill location within a wealthy Jacksonville MSA submarket.
- Strong demographics: 34,154 residents within a 3‑mile radius with an average household income of $144,664.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.6k | $24.00 |
| − Vacancy | −$39.6k | −$5.33 |
| EGI | $138.9k | $18.67 |
| − OpEx | −$34.7k | −$4.67 |
| NOI | $104.2k | $14.00 |
7,440 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.49M
$1.30M – $1.74M
NOI $104,190 @ 7.0% cap · market cap 5.62%
Second Best
Retail
$1.20M
$1.05M – $1.40M
NOI $84,088 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.98M
$1.74M – $2.32M
NOI $138,920 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - 7,440 SF retail/office property in high-growth Fleming Island, Florida.
Where is this retail property located?
The property is located at 1915 E West Pkwy Orange Park, FL.
What is the asking price?
The asking price for this property is $1,853,000.
What are key features of this property?
This property features: High traffic location with 85,500 ADDT at the intersection of County Road 220 and Hwy 17.; Located in a high‑growth infill location within a wealthy Jacksonville MSA submarket.; Strong demographics: 34,154 residents within a 3‑mile radius with an average household income of $144,664.
