Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    187 Arora Blvd Orange Park, FL 32073-3210

    • Specialty properties
    • 3,391 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4580645
    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

    • Veterans of Foreign Wars / Veterans Organization

    Property Details for 187 Arora Blvd

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.50 lot acres
    Property size
    3,391 SF
    Property type
    Specialty properties
    APN
    06-04-26-010683-008-00
    APU
    6042601068300800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $256,000
      Market price range: $138k - $266k

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange Park
    County
    Clay
    State
    Florida
    Longitude
    -81.7433
    Latitude
    30.1786
    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
    $0.00
    $117,383
    $104,290
    $221,673
    -
    $117,383
    $104,290
    $221,673

    Comparable in this City

    • Value Estimation
      $255,000
      13.93 Acres

      1040 Kingsley Ave

      FUNERAL HOME • 13.93 Acres
      1040 Kingsley Ave, Orange Park, FL 32073
      View Details
    • Value Estimation
      $265,000
      1,954 SF

      1820 Smith St

      CHARITABLE ORGANIZATION • 1,954 SF
      1820 Smith St, Orange Park, FL 32073-4823
      View Details
    • Value Estimation
      $260,000
      1,200 SF

      2050 Carnes St

      CHARITABLE ORGANIZATION • 1,200 SF
      2050 Carnes St, Orange Park, FL 32073-5481
      View Details
    • Value Estimation
      $375,000
      4,878 SF

      179 Wls Rd

      CHARITABLE ORGANIZATION • 4,878 SF
      179 Wls Rd, Orange Park, FL 32073-3057
      View Details
    • Value Estimation
      $280,000
      5,468 SF

      423 Mcintosh Ave

      CHARITABLE ORGANIZATION • 5,468 SF
      423 Mcintosh Ave, Orange Park, FL 32073-4833
      View Details
    • Value Estimation by Request
      40,000 SF

      317 Blanding Blvd

      Churches & religious facilities • 40,000 SF
      317 Blanding Blvd, Orange Park, FL 32073
      View Details

    Similar Nearby for Sale

    • $5,693,062
      40,000 SF

      317 Blanding Blvd

      Churches & religious facilities • 40,000 SF
      317 Blanding Blvd, Orange Park, FL 32073
      View Details
    • $5,693,062
      40,000 SF

      Church Freestanding Building on Blanding

      40,000 SF church campus on 3.488 acres.
      317 Blanding Blvd, 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.
      1103 Park Ave, Orange Park, FL 32073
      View Details
    • Contact for pricing
      2,950 SF

      Orange Park Redevelopment Opportunity

      2,950 SF building suitable for retail or vehicle-related ventures.
      206 Park Ave, Orange Park, FL 32073
      View Details
    • $475,000

      Cash-Flowing Triplex Near NAS Jacksonville

      Triplex near NAS Jacksonville, ideal for investors or owner-occupants.
      810 Meadowbrook Dr, Orange Park, FL 32073
      View Details
    • Contact for pricing
      2,460 SF

      Prime Orange Park Retail Space

      High-traffic, 2,460 SF retail outparcel.
      486 Blanding Blvd, Orange Park, FL 32073
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      3,177 SF

      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
      View Details
    • Contact for pricing
      1,200 SF

      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
      View Details
    • Contact for pricing

      Commercial Center Anchor Space Available

      Anchor space available for lease in Orange Park, Florida.
      Blanding Blvd, Orange Park, FL 32073
      View Details
    • Contact for pricing
      283,301 SF

      Wells Road Distribution Center

      Massive Industrial Space - Ready for Occupancy
      600 Wells Rd, Orange Park, FL 32073
      View Details
    • Contact for pricing
      2,460 SF

      Prime Orange Park Retail Land

      High-traffic Blanding Blvd location.
      486 Blanding Blvd, Orange Park, FL 32073
      View Details
    • $15 SF/Yr
      4,327 SF

      US-17 Retail/Office Space for Lease

      Prime Retail & Office Suites Available
      847 Park Ave, Orange Park, FL 32073
      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.
    187 Arora Blvd
    Orange Park, FL 32073-3210
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.