Orange Park Retail Investment
For Sale
$899,000
300-2301 Park Ave, Orange Park, FL 32073
Fully occupied commercial plaza with long-term leases in Orange Park.
Property Size5,092 SF
Price / SF$176.55
Days on Market906
Property Features for 300-2301 Park Ave
General Information
Standard status
Active
Size
5,092 SF
Listing Agency:
CB ISAAC REALTY
(352) 478-4488
Listed By:
JESSICA GENHOLD · License #3390875
(352) 478-4488
Source:
Exprealty
Added: Mar 7, 2024
Changed: Aug 20
Last Checked: Aug 29 at 1:19PM
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 CB ISAAC REALTY
Investment Insights
Based on property information with market context.
This commercial property, located in Orange Park, Florida, is fully occupied and features long-term leases. The property is home to four businesses. Situated off Highway 17, the plaza provides ample parking and a tranquil environment. The building contains 5,092 square feet of space.
Key Highlights
- 100% Occupied with Long‑Term Leases
- Located in Orange Park
- Investment Opportunity
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
$57,551
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
6.40%
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%
$1,151,020
$1.2M
Cap Rate 7%
$822,157
$822.2K
Cap Rate 9%
$639,456
$639.5K
Market Conditions
NOI Build-Up for 5,092 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
$91.7K $18.00/SF
− Vacancy
−$9.4K −$1.85/SF
EGI
$82.2K $16.15/SF
− OpEx
−$24.7K −$4.84/SF
NOI
$57.6K $11.30/SF
Area
Clay County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,151,020
Cap Rate 7%
$822,157
Cap Rate 9%
$639,456
Alternative Uses
Best Use
Retail
$822.2K
$719.4K – $959.2K
NOI $57,551 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,078 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
139k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 37%
Hotels & Casinos 12%
Wawa
Shops & Services
52,860 visits/mo
0.1 miles
Cracker Barrel Old Country Store
Dining
29,593 visits/mo
0.4 miles
BP
Shops & Services
11,646 visits/mo
0.2 miles
Waffle House
Dining
10,499 visits/mo
0.2 miles
Krystal
Dining
9,687 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Shoppes of Wells Landing — 550 Wells Rd, Orange Park, FL 32073
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied commercial plaza with long-term leases in Orange Park.
Where is this shopping center located?
The property is located at 300-2301 Park Ave Orange Park, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 100% Occupied with Long‑Term Leases; Located in Orange Park; Investment Opportunity
