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    Property profile & analytics

    3166 County Rd 220 Middleburg, FL 32068-4354

    • Outlet malls
    • 9,517 SF
    • 1.78 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2025
    $1,620,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2653729
    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

    • Outlet malls

    Property Details for 3166 County Rd 220

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.78 lot acres
    Property size
    9,517 SF
    Property type
    Outlet malls
    APN
    04-05-25-009001-001-01
    APU
    4052500900100101

    Description

    This exceptional 9,373-square-foot freestanding retail building is situated on a prominent 1.89-acre corner lot in Middleburg, Florida. Boasting high visibility from County Road 220 and Shamrock Drive, this Class B property offers convenient access to major thoroughfares including CR 220, Henley Road, the First Coast Expressway, and Blanding Boulevard. Built in 2009, the building features a spacious, open floor plan with ADA-compliant restrooms and a small office area. Ample parking is provided with 37 spaces. The structure itself is a 90' x 100' steel frame/block construction with a 12.5' clear height and 25' column spacing (3 on center). The property is zoned BF CC and offers significant potential for a variety of retail uses. Currently available for lease at $16 per square foot NNN, with a CAM rate of $2 per square foot and a tenant improvement allowance of $10 per square foot. Alternatively, the property is offered for sale at $2,000,000. The APN is 04052500900100101. This prime retail location presents a unique opportunity for businesses seeking high visibility and convenient access in a growing area of Clay County.

    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
    Middleburg
    County
    Clay
    State
    Florida
    Longitude
    -81.8122
    Latitude
    30.0967
    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
    $8,278
    $116,306
    $428,866
    $545,172
    -
    $116,306
    $428,866
    $545,172

    Comparable in this City

    • Value Estimation
      $2,885,000
      9,466 SF

      1341 Long Bay Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,466 SF
      1341 Long Bay Rd, Middleburg, FL 32068-3745
      View Details
    • Value Estimation
      $250,000
      9,473 SF

      4249 County Rd 218

      WHOLESALE OUTLET, DISCOUNT STORE • 9,473 SF
      4249 County Rd 218, Middleburg, FL 32068-4849
      View Details
    • Value Estimation
      $295,000
      6,000 SF

      2685 Blanding Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 6,000 SF
      2685 Blanding Blvd, Middleburg, FL 32068-5171
      View Details
    • Value Estimation
      $615,000
      3,336 SF

      4381 County Rd 218

      WHOLESALE OUTLET, DISCOUNT STORE • 3,336 SF
      4381 County Rd 218, Middleburg, FL 32068-4876
      View Details
    • Value Estimation
      $710,000
      138,744 SF

      1700 Blanding Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 138,744 SF
      1700 Blanding Blvd, Middleburg, FL 32068-3836
      View Details
    • Value Estimation
      $235,000
      1,984 SF

      2905 Blanding Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 1,984 SF
      2905 Blanding Blvd, Middleburg, FL 32068-6349
      View Details

    Similar Nearby for Sale

    • $350,000
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      Prime Middleburg Shopping Center

      1.7-Acre Retail Property, High Traffic
      2575 Blanding Blvd, Middleburg, FL 32068
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    • $400,000
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      Established Sports Bar and Store

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      Middleburg, Florida Retail Investment

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    • $1,350,000
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      Renovated Building on Blanding Boulevard

      Renovated 3,372 SF building on 1.0 AC near major retailers.
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    • $1,400,000

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      High-traffic commercial property suitable for redevelopment or repurposing.
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    Similar Nearby for Lease

    • Contact for pricing
      1,337 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a busy Jacksonville shopping center.
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    • $34 SF/Yr
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      Plantation Crossing Retail Spaces

      High-traffic retail spaces available.
      1782 Blanding Blvd, Middleburg, FL 32068
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    • Contact for pricing
      2,794 SF

      Retail Space in Clay County

      Retail space for lease in a high-traffic commercial hub.
      1786 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.
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      View Details
    • Contact for pricing
      32,200 SF

      Blanding Blvd Retail Space

      Prime Middleburg restaurant space available.
      2475 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
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    Middleburg, FL 32068-4354
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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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