Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    837 Walnut St Starke, FL 32091

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    837 Walnut St Starke, FL 32091

    View on Map
    • Lifestyle centers
    • 84,782 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 837 Walnut St

    Property size
    84,782 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 84,782 square-foot shopping center in Starke, Florida, presents a compelling investment opportunity. Located at 837 S Walnut St, 32091, Bradford Square boasts a remarkable occupancy rate of 96%, achieved through strategic tenant acquisition and significant property improvements. The center is a single-story building currently housing a diverse mix of established national retailers including Harbor Freight, TJ Maxx, Five Below, Dollar General, and Farmers Home Furniture. These key tenants contribute to the center's strong financial performance and long-term stability. The ownership group has demonstrably enhanced the property's value, increasing occupancy from 31% to its current high level. This improvement was facilitated by the addition of several major tenants who have signed 10-year leases. Furthermore, substantial capital improvements have been made, encompassing roof replacement, parking lot resurfacing, and a complete electrical system upgrade throughout the plaza. This fully stabilized shopping center offers a rare opportunity to acquire a high-performing asset in a growing Florida market. The property's prime location and strong tenant roster make it an attractive investment for discerning buyers seeking consistent returns and long-term appreciation. The property's success is a testament to the strategic vision and effective management that has transformed it into a thriving retail destination.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Starke
    County
    Bradford
    State
    Florida
    Longitude
    -82.1132
    Latitude
    29.9372

    Comparable in this City

    • Value Estimation
      $760,000
      31,895 SF

      1371 Walnut St

      MINI-MALL • 31,895 SF
      1371 Walnut St, Starke, FL 32091-4400
      View Details
    • Value Estimation by Request
      2,170 SF

      Edwards Rd

      MINI-MALL • 2,170 SF
      Edwards Rd, Starke, FL 32091
      View Details
    • Value Estimation by Request
      17,764 SF

      Madison St

      MINI-MALL • 17,764 SF
      Madison St, Starke, FL 32091
      View Details
    • Value Estimation
      $785,000
      4,830 SF

      1250 Walnut St

      MINI-MALL • 4,830 SF
      1250 Walnut St, Starke, FL 32091-4412
      View Details
    • Value Estimation
      $785,000
      84,782 SF

      801 Walnut St

      MINI-MALL • 84,782 SF
      801 Walnut St, Starke, FL 32091-4401
      View Details
    • Value Estimation by Request
      4,038 SF

      447 Madison St

      MINI-MALL • 4,038 SF
      447 Madison St, Starke, FL 32091-3925
      View Details

    Similar Nearby for Sale

    • $360,000
      1,500 SF

      Updated Commercial Property on SR 100

      Turnkey commercial property ideal for production, retail, or combination.
      10204 SE State Road 100, Starke, FL 32091
      View Details
    • Contact for pricing
      2,700 SF

      Starke, FL Retail Investment Property

      Retail property in Starke, FL with long-term tenant.
      2540 Commercial Dr, Starke, FL 32091
      View Details
    • $898,000
      10,000 SF

      Starke Commercial Building For Sale

      10,000 SF commercial building with flexible space in Starke.
      1699 N Temple Ave, Starke, FL 32091
      View Details
    • $4,990,000
      3,850 SF

      Remodeled Gulf Gas Station Investment

      Fully remodeled gas station with a new 20-year NNN lease.
      800 S Walnut St, Starke, FL 32091
      View Details
    • $300,000
      2,892 SF

      Starke Commercial Opportunity For Sale

      High-visibility commercial property with adaptable space in a high-traffic location.
      1605 N Temple Ave, Starke, FL 32091
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Bradford Square

      Retail spaces available in a busy Starke shopping center.
      817 S Walnut St, Starke, FL 32091
      View Details
    • Contact for pricing

      Retail Storefront Space Available

      Retail storefront next to Aldi, Bealls Outlet, Tractor Supply.
      1371 S Walnut St, Starke, FL 32091
      View Details
    Request Owner's contact information
    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.
    837 Walnut St
    Starke, FL 32091
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!