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    950 Blanding Blvd Orange Park, FL 32065

    • Retail space
    • 23,545 SF
    • 8.76 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Value Estimations
    $725,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6090822
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Center For Dental Excellence: Dentist, Periodontology / Dentist / Emergency Dental Service
    • I M C / Internet Service Provider
    • Western Union / Money Transfer Service / Money Order Service
    • Leslie Watson / Pharmacy
    • Erin Collins / Pharmacy

    Property Details for 950 Blanding Blvd

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.76 lot acres
    Property size
    23,545 SF
    Zone code
    BSC
    Property type
    Retail space
    APN
    23-04-25-020665-000-00
    APU
    23042502066500000

    Description

    The Village Shopping Center, located at 950 Blanding Blvd in Orange Park, Florida, presents a unique opportunity for businesses seeking retail or office space. This 72,511 square foot center, built in 2004, offers multiple tenancy options with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 5,000 square feet. Currently, 12,533 square feet are vacant and ready for immediate occupancy. The property sits on a 9.88-acre lot and boasts 314 parking spaces for ample customer and employee convenience. Strategically positioned on Blanding Boulevard, Orange Park's main retail corridor, the center benefits from high visibility with 63,000 vehicles passing daily. Multiple points of access are available via Blanding Boulevard, Cleveland Avenue, and Polk Avenue. The center is anchored by Publix and Bealls, providing strong synergy and significant foot traffic. Its location near major employers, including the Naval Air Station Jacksonville (21,900 employees) and Orange Park Medical Center (1,200+ employees), ensures a robust customer base. This prime commercial property in Clay County, Florida (zip code 32065) offers an exceptional opportunity for growth and success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $725,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orange Park
    County
    Clay
    State
    Florida
    Longitude
    -81.7754
    Latitude
    30.1383
    CBSA code
    27260
    CBSA name
    JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $99,305
    $2,863,320
    $3,676,680
    $6,540,000
    -
    $2,863,320
    $3,676,680
    $6,540,000

    Comparable in this City

    • Value Estimation
      $335,000
      16,250 SF

      1022 Blanding Blvd

      RETAIL STORES (PERSONAL SERVICES) • 16,250 SF
      1022 Blanding Blvd, Orange Park, FL 32065-6702
      View Details
    • Value Estimation
      $320,000
      5,871 SF

      2481 Ridgewood Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,871 SF
      2481 Ridgewood Ave, Orange Park, FL 32065-6327
      View Details
    • Value Estimation
      $290,000
      7,000 SF

      1249 Blanding Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      1249 Blanding Blvd, Orange Park, FL 32065-7315
      View Details
    • Value Estimation
      $710,000
      9,860 SF

      1017 Blanding Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,860 SF
      1017 Blanding Blvd, Orange Park, FL 32065-6701
      View Details
    • Value Estimation
      $335,000
      7,371 SF

      1060 Blanding Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,371 SF
      1060 Blanding Blvd, Orange Park, FL 32065-6735
      View Details
    • Value Estimation
      $10,790,000
      39,964 SF

      868 Blanding Blvd

      RETAIL STORES (PERSONAL SERVICES) • 39,964 SF
      868 Blanding Blvd, Orange Park, FL 32065-8942
      View Details

    Similar Nearby for Sale

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      Retail Building on Blanding Blvd

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      Orange Park Commercial Property For Sale

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    • $5,900,000
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      Blanding Blvd Commercial Land

      11.58 Acres, Will Subdivide, Prime Location
      1283 Blanding Blvd, Orange Park, FL 32065
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    Similar Nearby for Lease

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      Retail Space in Orange Park

      Retail space available for rent in Orange Park, Florida.
      767 Blanding Blvd, Orange Park, FL 32065
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      Retail space available in a rapidly growing area.
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      Palmer Plaza Retail Space

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      Retail Space in High-Traffic Area

      Retail space available in front of Walmart Supercenter.
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      Prime Orange Park Retail Center

      Two suites available, high traffic location.
      999 Blanding Blvd, Orange Park, FL 32065
      View Details
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    Orange Park, FL 32065
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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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