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Property profile & analytics
OFF-MARKET Estimated value $1,105,000
Turn key restaurants

2475 Blanding Blvd Middleburg, FL 32068-5189

6,080 SF 4.68 ac lot Built 1988
Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-0568738
Property summary
AI-generated overview

This single-story, 32,200 square foot retail building, situated on a 4.47-acre lot in Middleburg, Florida (zip code 32068), presents a compelling lease opportunity. Built in 1990 and classified as Class B, the property features seven suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 7,200 square feet. Currently, 5,600 square feet are vacant. The building is zoned BB and offers single/three-phase power. The property is ideally suited for a variety of restaurant concepts, boasting a full commercial kitchen, ample seating capacity (150+), and over 60 on-site parking spaces. A drive-thru window is also available. This is a multi-tenant property located at 2475 Blanding Blvd. The property's location within the Palmetto Plaza Commerce Center provides excellent visibility and accessibility. This is a second-generation restaurant endcap space.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,080 SF
Lot 4.68 ac (203,817 SF)
Zoning code BB
APN 11-05-24-006101-000-00
UPID US18-0568738
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Middleburg Black Creek Lions Club Volunteer Organization Charitable Organization
  • Southern Fireworks Discount Store Party Supply Store
  • Pizza Hut Take-out & Catering
  • Middleburg Nutrition Cafe & Coffee Shop
  • The Upholstery Shop by Leo Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.11M
Owner & transaction history
Npc International INC · 14 yrs held
Npc International INC
since 2012
7 recorded transactions
2012
$29,700
2011
$279,652
2004
Price N/A
2000
Price N/A
2000
$466,500
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BB · Middleburg, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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