Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    697 C. Fred Jones Blvd Auburndale, FL 33823

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,600,000

    4.56 Acres, Prime Location, High Growth

    Property Features for 697 C. Fred Jones Blvd

    General Information

    Property type
    Land
    Lot Size
    198,634 SF

    We can help!

    Listing Contact
    Jack R. Myers

    Listing Agent: Jack R. Myers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 4.56-acre development site in Auburndale, Florida, presents a remarkable investment opportunity. Located at 697 C Fred Jones Blvd, this property boasts a strategic position less than a quarter-mile from a new Amazon fulfillment center and hundreds of new housing units, reflecting the area's rapid growth. Currently zoned residential, the land offers significant potential for commercial development, with the city commission expressing positive interest in rezoning. The property's proximity to planned major retail anchors within a mile radius further enhances its appeal. The planned conversion of C Fred Jones Blvd into a state road, providing direct access to Florida Polytechnic University, promises increased visibility and accessibility. This location also benefits from its closeness to the SunTrax Research Facility. The property comprises two parcels situated on the corner of Berkley Road and C Fred Jones Blvd, totaling 4.56 acres. While currently zoned residential, the highway expansion presents a strong case for rezoning to commercial use, unlocking even greater development potential. This prime location, coupled with the area's robust growth trajectory and favorable zoning prospects, makes this a compelling investment for discerning developers. The asking price is $1,600,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Auburndale
    County
    Polk
    State
    Florida
    Longitude
    -81.8242545
    Latitude
    28.1500239

    Nearby Similar for Sale

    • $1,290,000
      Pending

      Multifamily and Commercial Mixed-Use Property

      Two-story mixed-use property with 17 residential units and 4 storefronts.
      206 Pilaklakaha Ave, Auburndale, FL 33823
      View Details
    • $284,900
      1,476 SF

      Remodeled Commercial Property in Auburndale

      Move-in ready commercial property with modern updates and fenced yard.
      208 Ctr St St, Auburndale, FL 33823
      View Details
    • $349,900
      Pending

      Auburndale Convenience Store on Corner Lot

      Turnkey convenience store with land in high-traffic area.
      1210 Old Lake Alfred Rd, Auburndale, FL 33823
      View Details
    • $279,999

      Renovated Corner Property in Auburndale

      Tastefully renovated retail property in historic downtown Auburndale.
      123 Main St, Auburndale, FL 33823
      View Details
    • $142,000

      Auburndale 55+ Community Home

      Charming 2-bedroom home in a vibrant 55+ community.
      102 Paradise Ln, Auburndale, FL 33823
      View Details
    • $329,900

      Commercial Building with Residential Units

      Remodeled commercial building with two residential units near downtown.
      1600 W Derby Ave, Auburndale, FL 33823
      View Details
    • $90,000

      Remodeled Home in 55+ Community

      Remodeled 2 bed, 2 bath home in Auburndale 55+ community.
      101 Holiday Ln, Auburndale, FL 33823
      View Details
    • $339,900

      Income-Producing Mobile Home Park

      Four-unit mobile home park with strong cash flow.
      2218 Ellie Rd, Auburndale, FL 33823
      View Details
    • $850,000
      1,611 SF

      Auburndale Retail Opportunity For Sale

      Retail property with drive-through, take-out, and open space.
      3615 Havendale Blvd, Auburndale, FL 33823
      View Details
    • $2,000,000

      Auburndale Industrial Site For Sale

      Large industrial site with redevelopment potential in Auburndale, Florida.
      1501 W Derby Ave, Auburndale, FL 33823
      View Details
    • $830,000
      2,280 SF

      Auburndale Commercial Land

      Prime Commercial Acres Near Amazon
      314 Skyblue Ln, Auburndale, FL 33823
      View Details
    • $299,000
      1,486 SF

      Auburndale Mixed-Use Commercial Property

      Versatile 0.41-acre lot, high visibility.
      113 Bridgers Ave, Auburndale, FL 33823
      View Details

    FAQs

    What type of property is this?
    Land - 4.56 Acres, Prime Location, High Growth
    Where is this land located?
    The property is located at 697 C. Fred Jones Blvd Auburndale, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Two parcels located on Berkley and C Fred Jones.; Excellent development opportunity due to SR 559 improvements impacting downtown Auburndale.; 1.28-acre site encompassing both parcels.
    Request Owner's contact information
    697 C. Fred Jones Blvd Auburndale, FL 33823
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    697 C. Fred Jones Blvd
    Auburndale, FL 33823
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    697 C. Fred Jones Blvd Auburndale, FL 33823
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jack R. Myers
    Learn more
    Google sign-in failed. Please try again or use another login method.