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    Property profile & analytics

    1853 County Road 220 Fleming Island, FL 32003

    • Commercial real estate
    • 2.44 lot acres
    For Sale
    View listing
    $750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8833000
    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

    • Commercial real estate

    Property Details for 1853 County Road 220

    Lot size
    2.44 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.44-acre commercial land parcel in Orange Park, Florida, presents a compelling investment opportunity. Located at 1853 County Road 220 (CR-220), the property boasts 243 feet of frontage on a major thoroughfare with an impressive average annual daily traffic count of approximately 33,000 vehicles. Its strategic location places it within minutes of established retail giants such as Walmart, Kohl's, Home Depot, and Target, ensuring high visibility and accessibility. The property is currently zoned for family/residential use, but its proximity to a proposed 8-acre medical office development (currently undergoing rezoning) and an existing church and new hospital (currently permitted) strongly suggests the feasibility of rezoning for various commercial uses. This makes it ideal for a wide range of commercial ventures, including retail, office space, medical facilities, religious institutions, educational facilities, restaurants, or fast-food establishments. Situated in the thriving Eagle Harbor residential area, this land benefits from a robust and growing population base. Furthermore, there's potential for expansion, with the possibility of acquiring an additional 5 acres for a larger-scale development. The asking price for this prime commercial land is $750,000. Don't miss this chance to secure a highly desirable location with significant growth potential in a rapidly developing area.

    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
    -81.7316718
    Latitude
    30.101601

    Comparable in this City

    • $850,000
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      Waterfront Acreage on Fleming Island

      Rare opportunity to own waterfront acreage on Fleming Island.
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      1.41 Acres

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    • $750,000

      Commercial Land Near Retail Hub

      Commercial land suitable for retail, office, or medical development.
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    • $640,000

      Prime Fleming Island Commercial Land

      2.1 Acres, Reduced Price, R1 Zoning
      0 Us Highway 17, Fleming Island, FL 32003
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    • New
      $99,999
      1.08 Acres

      Two Lots in One Sale

      Two wooded lots totaling 1.08 acres in Fleming Island.
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      1.27 Acres

      Fleming Island Commercial Land Parcel

      1.27 Acres, High-Traffic Location
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    Similar Nearby for Sale

    • $850,000
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      Waterfront Acreage on Fleming Island

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

      Fleming Island Commercial Land Parcel

      1.41 Acres, High-Traffic Location
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    • $2,599,000
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      Prime Medical Land, Fleming Island

      2.3 Acres Across from Baptist Hospital
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      1.03 Acres

      Fleming Island Commercial Land Parcel

      1.03-Acre Outparcel, High Traffic Area
      2349 Village Square Pkwy, Fleming Island, FL 32003
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    • $750,000

      Commercial Land Near Retail Hub

      Commercial land suitable for retail, office, or medical development.
      1853 County Road 220, Fleming Island, FL 32003
      View Details
    • Contact for pricing

      Fleming Island Commercial Land Parcel

      Usable commercial land parcel in Fleming Island Plantation.
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    Similar Nearby for Lease

    • Contact for pricing

      Fleming Island Out-Parcels For Rent

      Available for lease: multiple parcels in Fleming Island, Florida.
      Town Center Blvd, Fleming Island, FL 32003
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      Fleming Island Retail Outparcel

      Retail outparcel at a major intersection in Fleming Island.
      1995 East Eastwest Pkwy West, Fleming Island, FL 32003
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      Fleming Island Out-Parcels For Rent

      Available out-parcels for rent in Fleming Island, Florida.
      Old Hard Rd, Fleming Island, FL 32003
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    • $10 SF/Yr
      5,829 SF

      Orange Park Office Space Available

      Flexible Offices, Coworking & More
      1845 Town Center Blvd, Fleming Island, FL 32003
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    • Contact for pricing
      12,088 SF

      Fleming Island Medical Office Space

      Class A medical office buildings in a growing community.
      4575 Fleming Island Dr, Orange Park, FL 32003
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space in Fleming Island

      Retail property serving affluent neighborhoods with high traffic counts.
      1985-1999 Eastwest Pkwy, Fleming Island, FL 32003
      View Details
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    1853 County Road 220
    Fleming Island, FL 32003
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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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