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    910 Wl Rd Rd Orange Park, FL 32073

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    910 Wl Rd Rd Orange Park, FL 32073

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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 910 Wl Rd Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Hospitality properties

    Description

    Prime Orange Park Mall location, this established, profitable quick-service Mediterranean restaurant is for sale. The asking price is $62,500, and includes all equipment, inventory, and a well-established customer base with 5-star reviews. Located in the high-traffic Orange Park Mall (3.8 million annual visits), this turnkey operation boasts a proven business model and strong supplier relationships. The sale includes a comprehensive inventory of equipment, such as a Clover POS system, commercial oven, grill, warmers, fryer, refrigerators, prep stations, shelving, smallwares, safety supplies, TVs, and more. The current owners offer two weeks of training to ensure a smooth transition. This is an exceptional opportunity for experienced restaurateurs or those seeking minimal startup costs to enter the industry. The restaurant space is leased within the mall; no real estate is included in the sale. Serious inquiries only; a non-disclosure agreement is required. Please do not disturb the business or employees.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orange Park
    County
    Clay
    State
    Florida
    Longitude
    -81.7072
    Latitude
    30.1895

    Comparable in this City

    • Value Estimation by Request

      910 Wells Rd

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      1871 Wells Rd

      Restaurants • 21,904 SF
      1871 Wells Rd, Orange Park, FL 32073
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      43,999 SF

      2146 Park Ave

      Lifestyle centers • 43,999 SF
      2146 Park Ave, Orange Park, FL 32073
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    • Value Estimation by Request
      35,786 SF

      8 Blanding Blvd

      Lifestyle centers • 35,786 SF
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      40,000 SF

      317 Blanding Blvd

      Churches & religious facilities • 40,000 SF
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    • Value Estimation by Request
      950,000 SF

      1910 Wells Rd

      Retail properties & Spaces • 950,000 SF
      1910 Wells Rd, Orange Park, FL 32073
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      8,618 SF

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      Profitable Restaurant Business in Mall

      Turnkey Mediterranean restaurant business for sale in Orange Park Mall.
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      Versatile Commercial Portfolio in Orange Park

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      2,460 SF

      High Exposure Out Parcel

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      Retail Spaces in Orange Park

      Retail spaces available at a high-traffic Orange Park location.
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      Prime Orange Park Retail Land

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      Retail Strip Center Near Mall

      Strip center across from Orange Park Mall, near I295.
      1871 Wells Rd, Orange Park, FL 32073
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      Retail Space in Orange Park

      Retail space available in a shopping center with ample parking.
      1472 Park Ave, Orange Park, FL 32073
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      Retail Space Near Orange Park Mall

      Strip center space for rent near Orange Park Mall.
      195 Blanding Blvd, Orange Park, FL 32073
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    Orange Park, FL 32073
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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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