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

    1357 Kingsley Ave Orange Park, FL 32073

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0407390
    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

    • Kingsley Woods / Apartment Complex

    Property Details for 1357 Kingsley Ave

    Year built
    1984
    Property type
    Small apartment buildings

    Description

    This exceptional 12-unit multifamily property, known as Kingswood Apartment Homes, presents a compelling investment opportunity in Orange Park, Florida. Located at 1357 KINGSLEY Avenue, 32073, this property boasts a substantial 74,923.2 square foot lot and comprises three quadplexes offering a mix of one and two-story townhomes. Built in 1984, the two-story building features recently renovated units, including updated kitchens, bathrooms, and flooring, ensuring high tenant satisfaction and above-average rental rates. Its strategic location near Orange Park Medical Center (OPMC) and major interstates provides excellent accessibility and high demand for rental units. The property currently enjoys a 25% market gap, indicating significant potential for rental income growth. The RG-1 zoning allows for potential expansion into short-term rentals or traveling nurse housing, further enhancing the investment's profitability. Additional value-add opportunities exist through the addition of amenities, further unit upgrades, or the development of new units. This multifamily investment offers immediate stable income and substantial upside potential, making it an ideal acquisition for discerning investors seeking strong returns in a thriving market. The asking price is $2,300,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange Park
    County
    Clay
    State
    Florida
    Longitude
    -81.7231744
    Latitude
    30.1667998

    Comparable in this City

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      1,602 SF

      Orange Park Multi-Unit Property

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      Cash-Flowing Triplex Near NAS Jacksonville

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      Orange Park Office Building Investment

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      Kingsley Avenue Commercial Property

      Mixed-use building, prime Orange Park location.
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    • $850,000
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      Commercial Land on Wells Road

      1.76 acre commercial land with redevelopment opportunity.
      1473 Wells Rd, Orange Park, FL 32073
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    • $1,200,000
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      Commercial Land on Park Avenue

      Commercial land available on a high-traffic road in Orange Park.
      1103 Park Ave, Orange Park, FL 32073
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    Similar Nearby for Sale

    • $675,000
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      Orange Park Multi-Unit Property

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      218 Loring Ave, Orange Park, FL 32073
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      Cash-Flowing Triplex Near NAS Jacksonville

      Triplex near NAS Jacksonville, ideal for investors or owner-occupants.
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      Orange Park Office Building Investment

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    • $1,495,000

      Kingsley Avenue Commercial Property

      Mixed-use building, prime Orange Park location.
      653 Kingsley Ave, Orange Park, FL 32073
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    • $850,000
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      Commercial Land on Wells Road

      1.76 acre commercial land with redevelopment opportunity.
      1473 Wells Rd, Orange Park, FL 32073
      View Details
    • $1,200,000
      26,732 SF

      Commercial Land on Park Avenue

      Commercial land available on a high-traffic road in Orange Park.
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Center Anchor Space Available

      Anchor space available for lease in Orange Park, Florida.
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      2,460 SF

      Prime Orange Park Retail Land

      High-traffic Blanding Blvd location.
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      Blanding Boulevard Ground Lease Opportunity

      0.76 acre commercial land for lease on Blanding Boulevard.
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      Outparcel Opportunity on Blanding Blvd

      Outparcel for ground lease or build-to-suit with excellent visibility.
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      Retail Space on Blanding Blvd

      High-visibility retail space in a high-traffic area on Blanding Blvd.
      291-311 Blanding Blvd, Orange Park, FL 32073
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    • $14 SF/Yr
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      Orange Park Medical/Professional Office Space

      3,177 SF medical/professional office space for rent in Orange Park.
      2233 Park Ave, Orange Park, FL 32073
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    1357 Kingsley Ave
    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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