Day Care Center with Fenced
For Sale
$750,000
217 Wells Rd, Orange Park, FL 32073
Existing classrooms, offices, and a playground support continued childcare operations.
Property Size4,814 SF
Price / SF$155.80
Days on Market26
Property Features for 217 Wells Rd
General Information
Standard status
Active
Size
4,814 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1972
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
(904) 518-8806
Listed By:
GARRETT SHANE STEWART
Source:
Onewinningteam
Added: Aug 4
Changed: Aug 28
Last Checked: Aug 29 at 11:51AM
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 COLDWELL BANKER VANGUARD REALTY
Investment Insights
Based on property information with market context.
This 4,814-square-foot day care center, built in 1972, includes multiple classrooms, a reception area, an administrative office, and a fenced playground. The existing configuration is suited to continued childcare use, with a roof replaced approximately two years ago and ample on-site parking.
Located at 217 Wells Rd in Orange Park, the property sits just off Highway 17 and is surrounded by established neighborhoods and ongoing residential growth. Its layout may also accommodate medical, dental, therapy, educational, or professional office uses, subject to zoning and local approvals.
Located at 217 Wells Rd in Orange Park, the property sits just off Highway 17 and is surrounded by established neighborhoods and ongoing residential growth. Its layout may also accommodate medical, dental, therapy, educational, or professional office uses, subject to zoning and local approvals.
Key Highlights
- 4,814‑square‑foot day care center built in 1972
- Multiple classrooms with reception and administrative office areas
- Fenced playground included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,415
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,348,300
$1.3M
Cap Rate 7%
$963,071
$963.1K
Cap Rate 9%
$749,056
$749.1K
Market Conditions
NOI Build-Up for 4,814 SF
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.
Gross rent
$115.5K $24.00/SF
− Vacancy
−$25.6K −$5.33/SF
EGI
$89.9K $18.67/SF
− OpEx
−$22.5K −$4.67/SF
NOI
$67.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,348,300
Cap Rate 7%
$963,071
Cap Rate 9%
$749,056
Alternative Uses
Best Use
Office B
$963.1K
$842.7K – $1.12M
NOI $67,415 @ 7.0% cap · market cap 8.99%
Second Best
Healthcare Medical
$915.0K
$800.7K – $1.07M
NOI $64,053 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,887 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32073, FL
43,527
Population
17,301
Households
2.5
Avg Household Size
41
Median Age
27%
College-Educated
92%
High-School Grad
16.8 sq mi
ZIP Area
2,591
Density / Sq Mi
$76,139
Median Household Income
$40,947
Median Earnings
$1,392
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Island View Child Care — 900 Park Ave, Orange Park, FL 32073
- Bright Start School And Daycare — 217 Wells Rd, Orange Park, FL 32073
Frequently Asked Questions
What type of property is this?
Day care center - Existing classrooms, offices, and a playground support continued childcare operations.
Where is this day care center located?
The property is located at 217 Wells Rd Orange Park, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 4,814‑square‑foot day care center built in 1972; Multiple classrooms with reception and administrative office areas; Fenced playground included
