Car Wash Outparcel
For Sale
Contact for pricing
895 Blanding Boulevard, Orange Park, FL 32065
For sale as a Walmart outparcel on Blanding Boulevard in Orange Park, Florida.
Property Size5,160 SF
Price / SF$192.83
Days on Market82
Property Features for 895 Blanding Boulevard
General Information
Standard status
Active
Size
5,160 SF
Property subtype
Office, Retail, Land
Zoning
BB
Investment Type
Redevelopment
Building Details
Year Built
1986
Buildings
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Jake Lurie · License #SL3510801
(813) 488-0853
Source:
Crexi
Added: Jun 16
Changed: Aug 23
Last Checked: Sep 4 at 7:48AM
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 Matthews
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 = 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
$62,485
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
6.28%
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%
$1,249,700
$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
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
$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 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%
$1,249,700
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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 Boulevard 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
