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Property profile & analytics
OFF-MARKET
Estimated value
$5,090,000
Office Spaces
3176 Old Jennings Rd Middleburg, FL 32068-3907
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4851231
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,394 SF
Lot
19.93 ac (868,107 SF)
Zoning code
PO-1
APN
29-04-25-008064-003-00
UPID
US18-4851231
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
-
Clay County Utility Authority Water Utility Company
-
Crossing At Fleming Island Water Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.18M
Comparable Approach
Comparable
$5.76M
Blend (final)
Blend
$5.09M
Owner & transaction history
Clay County Utility Authority · 5 yrs held
Clay County Utility Authority
since 2020
3 recorded transactions
Zoning & alternative use
PO-1 · Middleburg, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.3M
+68.5%
Medical building
$6.8M
+55.1%
Auto repair, garage
$5.0M
+14.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Middleburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,610,000
6.5%
$5,175,000
7%
$4,805,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,360,000
Current use
OFFICE BUILDING
$7,340,000
Change: +68% · Conversion: Easy
MEDICAL BUILDING
$6,760,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,970,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$4,005,000
Change: -8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,890,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$5.09M
Range $4.58M – $5.60M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$193 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$4,781,275
Assessed 2023
Previous assessed
$4,334,429
+10.3% YoY
Assessed land
$1,649,485
Assessed improvement
$3,131,790
Land market value
$1,649,485
Improvement market value
$3,131,790
Total market value
$4,781,275
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Buildings
3
Stories
1
Rooms
62
Total area
26,394 SF
Lot
19.93 ac (868,107 SF)
Zoning code
PO-1
APN
29-04-25-008064-003-00
UPID
US18-4851231
Jurisdiction
CLAY
Zoning & alternative use
PO-1 · Middleburg, FL
Zoning PO-1 · permitted uses
PO-1 · Middleburg, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middleburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.4M
OFFICE BUILDING
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$5.0M
RETAIL STORES
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
62
Lot
19.93 ac
Current owner
From public records · entity-resolved
Clay County Utility Authority
Entity
Free & Clear · 5 yrs held
Mailing address
3176 OLD JENNINGS RD, MIDDLEBURG, FL 32068-3907
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2020
—
Clay County Utility Authority
Grp,inc Forestarc Real Estate
Quit Claim Deed
related
—
Aug 24, 2011
—
Clay County
Clay County Utility Authority
Quit Claim Deed
—
Dec 31, 1998
$300,000
Clay County Utility Authority
Charles W Smith Estate
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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