300-2301 Park Ave Orange Park, FL 32073

300-2301 Park Ave, Orange Park, FL, 32073

$899,000

For Sale

$899,000

Fully occupied commercial plaza with long-term leases in Orange Park.

Property Size5,092 SF

Price / SF$176.55

AddedJul 15, 2024

Days on Market732

Last RefreshJul 15 at 3:45 pm

Property Features for 300-2301 Park Ave

General Information

Standard status: Active
Size: 5,092 SF

Listing office CB ISAAC REALTY

Listing date Jul 15, 2024

Source Exprealty

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

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$91.7k	$18.00
− Vacancy	−$9.4k	−$1.85
EGI	$82.2k	$16.15
− OpEx	−$24.7k	−$4.84
NOI	$57.6k	$11.30

5,092 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use

Retail

$822.2K

$719.4K – $959.2K (±1% cap)

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 (±1% cap)

NOI $95,078 @ 7.0% cap · market cap 10.58%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

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