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    Property profile & analytics

    1647 County Rd 220 Fleming Island, FL 32003-4993

    • Strip malls
    • 8,312 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    $1,050,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6384328
    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

    • Island Walk Dental Care / Dental Office
    • Renee M. Schulte, DMD / Dental Office
    • Renata J. Folstein, DDS / Dental Office
    • Tijuana Flats / Restaurant
    • Smack Wings - Fleming Island / Restaurant

    Property Details for 1647 County Rd 220

    Year built
    2012
    Construction
    WOOD
    Lot size
    1.01 lot acres
    Property size
    8,312 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    05-05-26-014190-060-02
    APU
    5052601419006002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,225,000
      Current use
      AUTO REPAIR, GARAGE
      $1,565,000
      Change: +28% Conversion: Difficult
      RETAIL STORES
      $1,375,000
      Change: +12% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,330,000
      Change: +9% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,235,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fleming Island
    County
    Clay
    State
    Florida
    Longitude
    -81.7187
    Latitude
    30.1017
    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
    $54,539
    $1,039,015
    $1,500,985
    $2,540,000
    -
    $1,039,015
    $1,500,985
    $2,540,000

    Comparable in this City

    • Value Estimation
      $1,070,000
      7,952 SF

      1571 County Rd 220th, Unit 81

      SHOPPING CENTER, STRIP CENTER • 7,952 SF
      1571 County Rd 220th, Fleming Island, FL 32003-4934
      View Details
    • Value Estimation
      $1,915,000
      11,396 SF

      1809 Town Ctr Blvd

      SHOPPING CENTER, STRIP CENTER • 11,396 SF
      1809 Town Ctr Blvd, Fleming Island, FL 32003-4321
      View Details
    • Value Estimation
      $995,000
      11,684 SF

      4479 Us Hwy 17

      SHOPPING CENTER, STRIP CENTER • 11,684 SF
      4479 Us Hwy 17, Fleming Island, FL 32003-4804
      View Details
    • Value Estimation
      $1,160,000
      7,552 SF

      4701 Us Hwy 17

      SHOPPING CENTER, STRIP CENTER • 7,552 SF
      4701 Us Hwy 17, Fleming Island, FL 32003-8240
      View Details
    • Value Estimation
      $1,925,000
      21,165 SF

      3535 Us Hwy 17

      SHOPPING CENTER, STRIP CENTER • 21,165 SF
      3535 Us Hwy 17, Fleming Island, FL 32003-7137
      View Details
    • Value Estimation
      $5,105,000
      20,439 SF

      4689 Us Hwy 17

      SHOPPING CENTER, STRIP CENTER • 20,439 SF
      4689 Us Hwy 17, Fleming Island, FL 32003-4831
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,440 SF

      Fleming Island Retail/Office Property

      7,440 SF retail/office property in high-growth Fleming Island, Florida.
      1915 E Pkwy West, Fleming Island, FL 32003
      View Details
    • Contact for pricing
      10,060 SF

      New Construction Retail Investment Opportunity

      New construction retail property with a 15-year lease in Florida.
      1135 Clay St, Fleming Island, FL 32003
      View Details
    • $60,000
      73,652 SF

      Established Salon Business For Sale

      Salon business for sale in a busy shopping center.
      1545 County Road 220, Fleming Island, FL 32003
      View Details
    • Contact for pricing

      Freestanding Auto Service Center Investment

      Freestanding auto service center in Fleming Island, investment opportunity.
      Fleming Island, FL 32003
      View Details
    • Contact for pricing

      Fleming Island Commercial Land Parcel

      Usable commercial land parcel in Fleming Island Plantation.
      407 Old Hard Rd, Fleming Island, FL 32003
      View Details
    • $830,000
      2.00 Acres

      Waterfront Acreage on Fleming Island

      Rare opportunity to own waterfront acreage on Fleming Island.
      1570 Riv Rise Pt, Fleming Island, FL 32003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Fleming Island

      Retail space available in a high-traffic Fleming Island plaza.
      1615 County Road 220, Fleming Island, FL 32003
      View Details
    • Contact for pricing

      Retail Space Near Thriving Businesses

      Retail spaces available in high-traffic Fleming Island location.
      2000 East 1960 - Pkwy West, Fleming Island, FL 32003
      View Details
    • Contact for pricing
      6,083 SF

      Fleming Island Retail Space Available

      Retail space available in a high-traffic Fleming Island location.
      1605 County Road 220, Fleming Island, FL 32003
      View Details
    • Contact for pricing
      2,500 SF

      Retail Spaces in Fleming Island

      Retail spaces for lease in a recently-constructed shopping center.
      4701 Us Highway 17, Fleming Island, FL 32003
      View Details
    • Contact for pricing
      1,275 SF

      Retail/Office Space on US Hwy 17

      Retail or office space available for rent on US Hwy 17.
      3555 Us Highway 17, Fleming Island, FL 32003
      View Details
    • Contact for pricing

      Fleming Island Retail Outparcel

      Retail outparcel at a major intersection in Fleming Island.
      1995 East Eastwest Pkwy West, Fleming Island, FL 32003
      View Details
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    Fleming Island, FL 32003-4993
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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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