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    450031 Fl-200 Callahan, FL 32011
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    450031 Fl-200, Callahan, FL 32011

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    • Retail properties & Spaces
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    Cap Rate Potential
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    • Retail properties & Spaces

    Property Details for 450031 Fl-200

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional multi-tenant retail center in Callahan, Florida, offers a unique leasing opportunity. Located at 450031 FL-200, zip code 32011, in Nassau County, this brand-new development boasts high visibility and significant foot traffic. The property features flexible space options, ranging from a minimum of 1,600 square feet to a maximum contiguous space of 8,300 square feet, suitable for a variety of retail, medical, or office uses. The center is strategically positioned within Callahan's fastest-growing submarket, benefiting from its proximity to established businesses and new developments. Strong anchors include Sage Dental, Hagan Ace Hardware, Zaxby's, Popeyes, Dollar General, and Walgreens, ensuring a vibrant and thriving commercial environment. This is an ideal location for businesses seeking high visibility and access to a growing customer base in a rapidly developing area. The property is situated at 30.5664363 latitude and -81.8290019 longitude. Multiple tenancy is available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Callahan
    County
    Nassau
    State
    Florida
    Longitude
    -81.829
    Latitude
    30.5664

    Comparable in this City

    • Value Estimation by Request
      14,000 SF

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      Restaurants
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      5,515 SF

      450119 State Rd 200

      MEDICAL BUILDING
      450119 State Rd 200, Callahan, FL 32011-5065
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    • Value Estimation by Request
      4,216 SF

      542800 Us Hwy 1st 1

      MEDICAL BUILDING
      542800 Us Hwy 1st 1, Callahan, FL 32011-6645
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      1,549 SF

      542069 Us Hwy 1st 1

      MEDICAL BUILDING
      542069 Us Hwy 1st 1, Callahan, FL 32011-8110
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    • Value Estimation by Request
      4,432 SF

      541982 Us Hwy 1st 1

      MEDICAL BUILDING
      541982 Us Hwy 1st 1, Callahan, FL 32011
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    • Value Estimation by Request
      5,325 SF

      45465 5th Ave

      MEDICAL BUILDING
      45465 5th Ave, Callahan, FL 32011-3901
      View Details

    Similar Nearby for Sale

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      10,200 SF

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      16,500 SF

      Callahan Commercial Building on US-1

      16,500 SF commercial building in Callahan's commercial district.
      542057 Us Highway 1, Callahan, FL 32011
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      3,500 SF

      Mixed-Use Property on US-1

      35,092± SF mixed-use property with frontage on US-1.
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      14,351 SF

      Retail Corridor Investment Opportunity

      Retail space in Jacksonville MSA, located in income tax-free state.
      542507 Us Highway 1, Callahan, FL 32011
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    • $72,900

      Land Available off US Highway

      Land parcel accessible via deeded easement off Ratliff Road.
      27 Ratliff Rd, Callahan, FL 32011
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    • $3,000,000

      Callahan Land on US Highway

      Land available on US Highway 1 in Callahan, Florida.
      542088 Us Highway 1, Callahan, FL 32011
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    Similar Nearby for Lease

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      8,300 SF

      Callahan Multi-Tenant Center Leasing Opportunity

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    • $28 SF/Yr
      16,500 SF

      Callahan Office Space Available

      Class A Office Suites, Flexible Lease Options
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      1,504 SF

      Turnkey Medical/Office Space Available

      1,504 SF medical/office space on high-traffic US Hwy 301.
      449621 Us Highway 301, Callahan, FL 32011
      View Details
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    Callahan, FL 32011
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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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