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    Property profile & analytics

    2672 Blanding Blvd Middleburg, FL 32068-9106

    • Drug stores
    • 12,862 SF
    • 1.74 lot acres
    OFF-MARKET
    Value Estimations
    $1,630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4176680
    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

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • CVS / Pharmacy
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • CDReload Instant Bitcoin / Crypto Atm
    • UPS Access Point location / Courier Service / Postal Service

    Property Details for 2672 Blanding Blvd

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.74 lot acres
    Property size
    12,862 SF
    Zone code
    BB
    Property type
    Drug stores
    APN
    14-05-24-006395-001-01
    APU
    14052400639500101

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,425,000
      6.5%
      $2,235,000
      7%
      $2,075,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,174,000
      Market price range: $338k - $1.46M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,955,000
      Current use
      AUTO REPAIR, GARAGE
      $2,420,000
      Change: +24% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,125,000
      Change: +9% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,895,000
      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
    -81.8754
    Latitude
    30.0627
    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
    $23,449
    $760,360
    $783,942
    $1,544,302
    -
    $760,360
    $783,942
    $1,544,302

    Comparable in this City

    • Value Estimation
      $1,985,000
      15,794 SF

      2675 Blanding Blvd

      DRUG STORE, PHARMACY • 15,794 SF
      2675 Blanding Blvd, Middleburg, FL 32068-5171
      View Details
    • Value Estimation by Request
      24,500 SF

      1701 Blanding Blvd

      Individual retail properties • 24,500 SF
      1701 Blanding Blvd, Middleburg, FL 32068
      View Details
    • Value Estimation by Request
      1,639 SF

      4544 Alligator Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,639 SF
      4544 Alligator Blvd, Middleburg, FL 32068-6006
      View Details
    • 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

    Similar Nearby for Sale

    • Contact for pricing
      3,705 SF

      Middleburg, Florida Retail Investment

      NNN leased Kid City USA with zero landlord responsibilities.
      29 Cinnamon St, Middleburg, FL 32068
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      Historic Retail Building in Middleburg

      Versatile commercial building in prime location with recent updates.
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      Middleburg Commercial Property For Sale

      Commercial property in Middleburg, Florida, suitable for redevelopment or renovation.
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    • Contact for pricing
      51,100 SF

      Publix Shadowed Neighborhood Center

      Retail center shadowed by Publix with high traffic and recent renovations.
      2620 Blanding Blvd, Middleburg, FL 32068
      View Details
    • $350,000
      1.70 Acres

      Prime Middleburg Shopping Center

      1.7-Acre Retail Property, High Traffic
      2575 Blanding Blvd, Middleburg, FL 32068
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    • $1,950,000
      3,021 SF

      Established Sports Bar and Store

      Turnkey sports bar and liquor store near Middleburg, Florida.
      5406 County Road 218, Middleburg, FL 32068
      View Details

    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.
      2219 County Road 220, Middleburg, FL 32068
      View Details
    • 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
      View Details
    • $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 32068-9106
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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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