High-Visibility Commercial Site on County
For Sale
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3114 County Road 220, Middleburg, FL 32068
1+ acre commercial site in a high-growth corridor.
Property Size5,806 SF
Lot Size1.00 Acre
Price / SF$241.13
Days on Market185
Property Features for 3114 County Road 220
General Information
Standard status
Active
Size
5,806 SF
Lot size
1.00 Acre
Property subtype
Mixed Use
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1984
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker Vanguard Realty Inc Fleming Island
Listed By:
Sandra Tucker · License #SL3353830
Source:
Crexi
Added: Feb 12
Changed: Aug 8
Last Checked: Aug 13 at 12:53PM
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 Inc Fleming Island
Investment Insights
Based on property information with market context.
This commercial site, situated on over 1 acre along high-traffic County Road 220, offers high visibility and multiple access points. Located in one of Clay County’s fastest-growing corridors, the property includes an existing structure and ample on-site parking, making it suitable for reuse or redevelopment. The parcel's size, frontage, and corner orientation support various commercial development opportunities, including quick service restaurants, fuel stations, medical facilities, retail spaces, or professional offices, all subject to zoning and governmental approvals. The surrounding area features expanded residential communities, increased commercial activity, and infrastructure investment, expected to drive long-term demand along this corridor. The property size is 5806 square feet.
Key Highlights
- High‑visibility commercial site on high‑traffic County Road 220
- Located in one of Clay County's fastest‑growing corridors
- Multiple points of access and ample on‑site parking
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
$74,027
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
5.29%
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%
$1,480,540
$1.5M
Cap Rate 7%
$1,057,529
$1.1M
Cap Rate 9%
$822,522
$822.5K
Market Conditions
NOI Build-Up for 5,806 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
$139.3K $24.00/SF
− Vacancy
−$20.9K −$3.60/SF
EGI
$118.4K $20.40/SF
− OpEx
−$44.4K −$7.65/SF
NOI
$74.0K $12.75/SF
Area
Clay County, FL
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,480,540
Cap Rate 7%
$1,057,529
Cap Rate 9%
$822,522
Alternative Uses
Best Use
Mixed Use
$1.06M
$925.3K – $1.23M
NOI $74,027 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,410 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
109
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 1+ acre commercial site in a high-growth corridor.
Where is this mixed-use property located?
The property is located at 3114 County Road 220 Middleburg, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: High‑visibility commercial site on high‑traffic County Road 220; Located in one of Clay County's fastest‑growing corridors; Multiple points of access and ample on‑site parking
