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    Property profile & analytics

    2640 Blanding Blvd Middleburg, FL 32068

    • Grocery and convenience stores
    • 46,256 SF
    • 15.71 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0596392
    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

    • Middleburg Crossings / Shopping Center & Mall
    • Felisha Foote: Allstate Insurance / Insurance Agency
    • N Y Nails / Nail Salon
    • H&R Block / Tax Preparation
    • Papa Murphy's | Pizza / Restaurant

    Property Details for 2640 Blanding Blvd

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    15.71 lot acres
    Property size
    46,256 SF
    Zone code
    BSC
    Property type
    Grocery and convenience stores
    APN
    14-05-24-006359-003-00
    APU
    14052400635900300

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,715,000
      6.5%
      $8,045,000
      7%
      $7,470,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,448,000
      Market price range: $4.03M - $11.4M
      AI Estimate
      $5,245,000
      Market price range: $1.21M - $5.25M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,025,000
      Current use
      OFFICE BUILDING
      $12,865,000
      Change: +83% Conversion: Easy
      MEDICAL BUILDING
      $11,850,000
      Change: +69% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $8,710,000
      Change: +24% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $7,635,000
      Change: +9% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $6,820,000
      Change: -3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Middleburg
    County
    Clay
    State
    Florida
    Longitude
    -81.8726
    Latitude
    30.0652
    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
    $113,123
    $1,975,794
    $5,474,206
    $7,450,000
    -
    $1,975,794
    $5,474,206
    $7,450,000

    Comparable in this City

    • Value Estimation by Request
      5,173 SF

      3128 Blanding Blvd

      CONVENIENCE STORE • 5,173 SF
      3128 Blanding Blvd, Middleburg, FL 32068-6339
      View Details
    • Value Estimation
      $800,000
      7,060 SF

      1563 Blanding Blvd

      CONVENIENCE STORE • 7,060 SF
      1563 Blanding Blvd, Middleburg, FL 32068-4091
      View Details
    • Value Estimation by Request
      630 SF

      1570 Branan Fld Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 630 SF
      1570 Branan Fld Rd, Middleburg, FL 32068-8427
      View Details
    • Value Estimation by Request
      7,600 SF

      5105 County Rd 218

      CONVENIENCE STORE • 7,600 SF
      5105 County Rd 218, Middleburg, FL 32068-3555
      View Details
    • Value Estimation by Request
      3,050 SF

      3895 Old Jennings Rd

      CONVENIENCE STORE • 3,050 SF
      3895 Old Jennings Rd, Middleburg, FL 32068-3730
      View Details
    • Value Estimation
      $6,895,000
      39,833 SF

      2550 County Rd 220

      GROCERY, SUPERMARKET • 39,833 SF
      2550 County Rd 220, Middleburg, FL 32068-6532
      View Details

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      51,100 SF

      Publix Shadowed Neighborhood Center

      Retail center shadowed by Publix with high traffic and recent renovations.
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    • $1,950,000
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      Established Sports Bar and Store

      Turnkey sports bar and liquor store near Middleburg, Florida.
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    • $350,000
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      1.7-Acre Retail Property, High Traffic
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    Similar Nearby for Lease

    • $34 SF/Yr
      289,896 SF

      Plantation Crossing Retail Spaces

      High-traffic retail spaces available.
      1782 Blanding Blvd, Middleburg, FL 32068
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Blanding Boulevard

      Prime retail location with high visibility and flexible configurations.
      1650 Blanding Blvd, Middleburg, FL 32068
      View Details
    • $25 SF/Yr
      1,474 SF

      Retail/Office Condo in Middleburg

      Retail/office condo with recent upgrades in Middleburg, Florida.
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    • Contact for pricing
      1,337 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a busy Jacksonville shopping center.
      2640 Blanding Blvd, Middleburg, FL 32068
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    • $21 SF/Yr
      7,000 SF

      Retail Space in Growing Area

      Retail space available in a high-visibility, growing area.
      1567 Branan Field Rd, Middleburg, FL 32068
      View Details
    • Contact for pricing
      1,200 SF

      Modern Retail Space Available

      Retail space featuring modern architecture, ample parking, and natural light.
      2550 County Road 220, Middleburg, FL 32068
      View Details
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    Middleburg, FL 32068
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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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