Storefront Property for
For Sale
$299,000
535 College Dr, Middleburg, FL 32068
Functional storefront with BA Neighborhood Business zoning and convenient site ingress and egress.
Property Size1,328 SF
Price / SF$225.15
Days on Market294
Property Features for 535 College Dr
General Information
Standard status
Active
Size
1,328 SF
Property subtype
Commercial
Zoning
BA
Property Condition
Severity
Repairs Needed
Evidence
Building needs renovations
Additional Details
Business Included
Yes
Road Access
Yes
Land Use
neighborhood business
Building Details
Year Built
1951
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
Listed By:
HENRY HAMMOND, JR · License #3336763
(904) 806-1218
Source:
Jacksonvilleflhomeguide
Added: Dec 17, 2025
Changed: Oct 1
Last Checked: Oct 7 at 12:35PM
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 1,328-square-foot storefront property includes a functional building that requires renovations. The property has operated as a feed store for more than 25 years, providing an existing commercial framework for continued use or redevelopment. BA, or Neighborhood Business, zoning applies to the site.
Located at 535 College Dr in Middleburg, the property is near a major intersection and offers site ingress and egress. A drive-through donut or coffee shop has been identified as a possible redevelopment concept, subject to proper redevelopment.
Located at 535 College Dr in Middleburg, the property is near a major intersection and offers site ingress and egress. A drive-through donut or coffee shop has been identified as a possible redevelopment concept, subject to proper redevelopment.
Key Highlights
- 1,328‑square‑foot storefront building
- BA (Neighborhood Business) zoning
- Functional building requiring renovations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,009
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,180
$300.2K
Cap Rate 7%
$214,414
$214.4K
Cap Rate 9%
$166,767
$166.8K
Market Conditions
NOI Build-Up for 1,328 SF
Gross rent
$23.9K $18.00/SF
− Vacancy
−$2.5K −$1.85/SF
EGI
$21.4K $16.15/SF
− OpEx
−$6.4K −$4.84/SF
NOI
$15.0K $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 Rate 5%
$300,180
Cap Rate 7%
$214,414
Cap Rate 9%
$166,767
Alternative Uses
Best Use
Retail
$214.4K
$187.6K – $250.2K
NOI $15,009 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$354.2K
$310.0K – $413.3K
NOI $24,796 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Functional storefront with BA Neighborhood Business zoning and convenient site ingress and egress.
Where is this storefront property located?
The property is located at 535 College Dr Middleburg, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,328‑square‑foot storefront building; BA (Neighborhood Business) zoning; Functional building requiring renovations
