Car Wash Outparcel
For Sale
$995,000
895 Blanding Blvd, Orange Park, FL 32065
For sale as a Walmart outparcel on Blanding Boulevard in Orange Park, Florida.
Property Size5,160 SF
Days on Market123
Property Features for 895 Blanding Blvd
General Information
Standard status
Active
Size
5,160 SF
Property subtype
Commercial
Building Details
Building Size
5,160 SF
Year Built
1986
Listed By:
Colin McGourty · License #SL3634720 (FL), 9588739 (MA)
(617) 762-0082
Source:
Matthews
Added: Jun 22
Changed: Oct 10
Last Checked: Oct 20 at 5:18PM
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 Colin McGourty
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Investment Insights
Based on property information with market context.
This car wash outparcel is offered for sale and is positioned as part of a Walmart outparcel setting on Blanding Boulevard in Orange Park, Florida.
The property is classified as a commercial real estate asset and is marketed for redevelopment or repositioning opportunities. Prospective buyers should review the current improvements and site configuration during their due diligence to confirm fit for their intended use.
Based on the information provided, the best starting point for underwriting and planning will be the property’s existing car wash facilities and the outparcel context tied to the Walmart location.
The property is classified as a commercial real estate asset and is marketed for redevelopment or repositioning opportunities. Prospective buyers should review the current improvements and site configuration during their due diligence to confirm fit for their intended use.
Based on the information provided, the best starting point for underwriting and planning will be the property’s existing car wash facilities and the outparcel context tied to the Walmart location.
Key Highlights
- Walmart outparcel for sale on Blanding Boulevard in Orange Park, Florida
- Year built: 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,485
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,700
$1.2M
Cap Rate 7%
$892,643
$892.6K
Cap Rate 9%
$694,278
$694.3K
Market Conditions
NOI Build-Up for 5,160 SF
Gross rent
$92.9K $18.00/SF
− Vacancy
−$9.6K −$1.85/SF
EGI
$83.3K $16.15/SF
− OpEx
−$20.8K −$4.04/SF
NOI
$62.5K $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 Rate 5%
$1,249,700
Cap Rate 7%
$892,643
Cap Rate 9%
$694,278
Alternative Uses
Best Use
Specialty Retail
$892.6K
$781.1K – $1.04M
NOI $62,485 @ 7.0% cap · market cap 6.28%
Second Best
Retail
$833.1K
$729.0K – $972.0K
NOI $58,319 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,348 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
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Business Placement
Demographics for 32065, FL
40,164
Population
14,756
Households
2.7
Avg Household Size
36
Median Age
28%
College-Educated
93%
High-School Grad
19.8 sq mi
ZIP Area
2,028
Density / Sq Mi
$92,842
Median Household Income
$44,508
Median Earnings
$1,675
Median Rent
$278,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Car wash - For sale as a Walmart outparcel on Blanding Boulevard in Orange Park, Florida.
Where is this car wash located?
The property is located at 895 Blanding Blvd Orange Park, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Walmart outparcel for sale on Blanding Boulevard in Orange Park, Florida; Year built: 1986
