Restaurant Building with
For Sale
$800,000
Pending
4430 County Road 218, Middleburg, FL 32068
Open restaurant layout includes furnishings, dining tables, and a private office with full bath.
Property Size4,500 SF
Days on Market262
Property Features for 4430 County Road 218
General Information
Standard status
Pending
Size
4,500 SF
Property subtype
Commercial Sale / Mixed Use
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
Central Air, Electric, Ceiling Fan(s), Exhaust Fan, Yes
Central, Electric, Hot Water, Yes
Concrete, Tile
1
Yes
7.0
7
1.0
4500.0
Appraiser
True
Other, Block, Log, Stone Veneer, Wood Siding
Building Details
Year Built
2008
Listing Agency:
WATSON REALTY CORP
(904) 591-9683
Listed By:
DEBORAH HATCHER · License #702444
(904) 591-9683
Source:
Compass
Added: Dec 12, 2025
Changed: Aug 30
Last Checked: Aug 30 at 8:43PM
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 WATSON REALTY CORP
Investment Insights
Based on property information with market context.
This 4500-square-foot conventional restaurant building was constructed in 2008 and has historically served restaurant use. The open interior includes inventory, furniture, décor, and tables for both interior and exterior areas. A small office with a full bath is also part of the layout.
Identified improvements include concrete and tile finishes, central air, ceiling fans, and an exhaust fan. Exterior materials listed for the building include block, log, stone veneer, and wood siding. The property is located at 4430 County Road 218 in Middleburg, Florida.
Identified improvements include concrete and tile finishes, central air, ceiling fans, and an exhaust fan. Exterior materials listed for the building include block, log, stone veneer, and wood siding. The property is located at 4430 County Road 218 in Middleburg, Florida.
Key Highlights
- 4500‑square‑foot conventional restaurant building
- Constructed in 2008
- Inventory, furniture, décor, and interior and exterior tables convey
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
$54,493
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
6.81%
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%
$1,089,860
$1.1M
Cap Rate 7%
$778,471
$778.5K
Cap Rate 9%
$605,478
$605.5K
Market Conditions
NOI Build-Up for 4,500 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
$81.0K $18.00/SF
− Vacancy
−$8.3K −$1.85/SF
EGI
$72.7K $16.15/SF
− OpEx
−$18.2K −$4.04/SF
NOI
$54.5K $12.11/SF
Area
Clay County, FL
Vacancy
10.30%
Lease Rate
$18.00 /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%
$1,089,860
Cap Rate 7%
$778,471
Cap Rate 9%
$605,478
Alternative Uses
Best Use
Specialty Retail
$778.5K
$681.2K – $908.2K
NOI $54,493 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,024 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Open restaurant layout includes furnishings, dining tables, and a private office with full bath.
Where is this conventional restaurant located?
The property is located at 4430 County Road 218 Middleburg, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4500‑square‑foot conventional restaurant building; Constructed in 2008; Inventory, furniture, décor, and interior and exterior tables convey
