Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1650 Walnut St Starke, FL 32091
    Back to Search
    Property profile & analytics

    1650 Walnut St, Starke, FL 32091

    View on Map
    • Warehouses
    • 1,920 SF
    • 1.33 lot acres
    Off-Market
    Last Sale Jul 8, 2022
    $1,619,900
    Property ID
    US18-7185081
    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.
    Value Estimations
    $1,440,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1650 Walnut St

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.33 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    04287-0-00100
    APU
    4287000100

    Description

    This exceptional 240-square-foot office space in Starke, Florida, is available for lease starting October 1st, 2024. Located at 1650 S Walnut St, 32091, this single-tenant office boasts a desirable location with high visibility along US-301, ensuring prominent exposure to local traffic. Nearby businesses include Walmart, Tractor Supply Co., Dunkin', and Aldi, providing convenient access to amenities and a thriving commercial environment. Built in 1982, the space offers an open-floor plan, allowing for flexible customization to suit various business needs. Features include a private restroom, abundant natural light, and signage options. The lease includes 24/7 access and ample parking. The monthly rent is $400, encompassing all utilities except trash. A 12-month minimum lease term is required, along with a security deposit equivalent to one month's rent ($400). This traditional office space is also suitable for executive office, coworking, or creative office uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,110,000
      ML approach
      $1,400,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Starke
    County
    Bradford
    State
    Florida
    Longitude
    -82.1194
    Latitude
    29.9298

    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
    $4,743
    $90,515
    $139,496
    $230,011
    -
    $90,515
    $139,496
    $230,011

    Comparable in this City

    • Value Estimation by Request
      1,873 SF

      5176 County Rd 18

      MINI-WAREHOUSE, STORAGE
      5176 County Rd 18, Starke, FL 32091-7401
      View Details
    • Value Estimation by Request
      947 SF

      802 Oak St

      MINI-WAREHOUSE, STORAGE
      802 Oak St, Starke, FL 32091-2340
      View Details
    • Value Estimation by Request
      3,285 SF

      1630 Temple Ave

      MINI-WAREHOUSE, STORAGE
      1630 Temple Ave, Starke, FL 32091-1957
      View Details
    • Value Estimation by Request
      3,577 SF

      Thompson St

      MINI-WAREHOUSE, STORAGE
      Thompson St, Starke, FL 32091
      View Details
    • Value Estimation by Request
      1,640 SF

      2100 Temple Ave

      MINI-WAREHOUSE, STORAGE
      2100 Temple Ave, Starke, FL 32091-1967
      View Details
    • Value Estimation by Request
      5,765 SF

      14353 Us Hwy 301st S

      MINI-WAREHOUSE, STORAGE
      14353 Us Hwy 301st S, Starke, FL 32091-7829
      View Details

    Similar Nearby for Sale

    • $898,000
      10,000 SF

      Starke Commercial Building For Sale

      10,000 SF commercial building with flexible space in Starke.
      1699 N Temple Ave, Starke, FL 32091
      View Details
    • $1,100,000
      Pending

      Highway Frontage Mixed-Use Development Land

      Mixed-use property on US Highway 301 with development potential.
      11782 SW 59Th Ave, Starke, FL 32091
      View Details
    • Contact for pricing

      Cleared Commercial Land For Sale

      1.9 acres of commercial land with utilities in Starke.
      1028 S Water St, Starke, FL 32091
      View Details
    • $160,000

      Commercial Land in Starke, Florida

      1.9 acres of commercial land with utilities and special exemptions.
      1028 S Water St, Starke, FL 32091
      View Details
    • $160,000
      1.90 Acres

      Starke, FL Commercial Land

      1.9 acres of commercial property with established utilities.
      1028 S Water St, Starke, FL 32091
      View Details
    • $750,000

      Versatile Industrial Property For Sale

      Industrial property with multiple buildings, suitable for various uses.
      709 Alton Rd, Starke, FL 32091
      View Details

    Similar Nearby for Lease

    • New
      $13,803 /Mo
      21,128 SF

      Light Industrial Building with Office

      Renovated light industrial facility with updated office space and upgraded electrical systems for manufacturing, warehousing, and distribution use.
      385 E Washington St, Starke, FL 32091
      View Details
    • Contact for pricing

      Retail Space in Bradford Square

      Retail spaces available in a busy Starke shopping center.
      817 S Walnut St, Starke, FL 32091
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1650 Walnut St
    Starke, FL 32091
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1650 Walnut St, Starke, FL, 32091
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!