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    Property profile & analytics

    M L King Blvd Midway, FL 32343

    • Retail properties
    For Sale
    View listing
    $169,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 M L King Blvd

    Property type
    Retail properties
    Property subtype
    Banks

    Description

    This exceptional 1+ acre commercial lot in Midway, Florida, presents a unique investment opportunity. Located at the intersection of Blue Star Highway and Martin Luther King Boulevard, this property boasts high visibility and accessibility, situated near I-10 for convenient interstate access. The site's zoning allows for a variety of uses, including an auto shop, bank, or gas station, making it highly versatile. Its strategic location benefits from proximity to established businesses such as Dollar General and Camping World, as well as a Sunoco Gas Station, Midway City Hall, and the Midway Police Department. Several residential neighborhoods to the east ensure a consistent customer base. The property's APN is 4-08-1N-2W-0000-00214-0300. The asking price is $169,000. Leon County is approximately a 5.5-mile drive, offering additional market access. This prime location offers significant potential for substantial returns. The property is in Gadsden County, Florida, zip code 32343.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Midway
    County
    Gadsden
    State
    Florida
    Longitude
    -84.4545
    Latitude
    30.5045

    Comparable in this City

    • Value Estimation
      $880,000
      33,849 SF

      32670 Blue Star Hwy

      SERVICE STATION (FULL SERVICE) • 33,849 SF
      32670 Blue Star Hwy, Midway, FL 32343-2409
      View Details
    • Value Estimation
      $580,000
      20,581 SF

      33333 Blue Star Hwy

      SERVICE STATION (FULL SERVICE) • 20,581 SF
      33333 Blue Star Hwy, Midway, FL 32343-2421
      View Details
    • Value Estimation
      $375,000
      12,240 SF

      32454 Blue Star Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 12,240 SF
      32454 Blue Star Hwy, Midway, FL 32343-2411
      View Details
    • Value Estimation
      $1,045,000
      10,020 SF

      32000 Blue Star Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 10,020 SF
      32000 Blue Star Hwy, Midway, FL 32343-2414
      View Details
    • Value Estimation
      $380,000
      6,310 SF

      1174 Commerce Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,310 SF
      1174 Commerce Blvd, Midway, FL 32343-6616
      View Details
    • Value Estimation
      $540,000
      20,200 SF

      335 Commerce Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 20,200 SF
      335 Commerce Blvd, Midway, FL 32343-6635
      View Details

    Similar Nearby for Sale

    • $169,000

      Midway, FL Retail Investment Opportunity

      High-traffic location, diverse development potential.
      0 M L King Blvd, Midway, FL 32343
      View Details
    • Contact for pricing
      3.14 Acres

      Midway Industrial Land for Sale

      Prime Gadsden County industrial land.
      0 Business Park Rd, Midway, FL 32343
      View Details
    • $4,969,750
      62.57 Acres

      Hammock Creek Commerce Park Land

      62 Acres Prime Industrial Land, Tallahassee Area
      0 Riv Birch Rd, Havana, FL 32343
      View Details
    • Contact for pricing
      0.25 Acres

      Land For Sale in Midway

      Land available in Midway, Florida.
      25 Pine Bark Ln, Midway, FL 32343
      View Details
    • $40,000
      1.03 Acres

      Midway, FL Land Parcel

      Land parcel in established neighborhood, close to I-10 and Tallahassee.
      Hayward Dupont Rd, Midway, FL 32343
      View Details
    • $30,000
      1.00 Acre

      Residential Land in Midway, FL

      One-acre lot ready for a new home near Tallahassee.
      Blue Star Hwy, Midway, FL 32343
      View Details

    Similar Nearby for Lease

    • $2,950,000
      3,200 SF

      Retail/Warehouse Flex Space Available

      3,200 SF flex space in 10/90 Industrial Park.
      301 Commerce Blvd, Midway, FL 32343
      View Details
    • $10 SF/Yr
      10,000 SF

      Midway Industrial Park Warehouse Space

      10,000 SF industrial space for lease in Havana, FL. Excellent location & flexible lease terms.
      156 Dupont Rd, Havana, FL 32343
      View Details
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    M L King Blvd
    Midway, FL 32343
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    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
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