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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3210 Us Hwy 17 Fleming Island, FL 32003-7126

    • Grocery and convenience stores
    • 1,980 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3294427
    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

    • Grocery and convenience stores

    Property Details for 3210 Us Hwy 17

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.92 lot acres
    Property size
    1,980 SF
    Zone code
    BA
    Property type
    Grocery and convenience stores
    APN
    44-04-26-013993-000-00
    APU
    44042601399300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $370,000
      WAREHOUSE, STORAGE
      $315,000
      COMMERCIAL (GENERAL)
      $275,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fleming Island
    County
    Clay
    State
    Florida
    Longitude
    -81.7019
    Latitude
    30.1425
    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
    $9,785
    $350,000
    $294,418
    $644,418
    -
    $350,000
    $294,418
    $644,418

    Comparable in this City

    • Value Estimation
      $280,000
      3,100 SF

      6935 Hwy 17

      CONVENIENCE STORE • 3,100 SF
      6935 Hwy 17, Fleming Island, FL 32003-9316
      View Details
    • Value Estimation
      $440,000
      4,490 SF

      1531 County Rd 220

      CONVENIENCE STORE • 4,490 SF
      1531 County Rd 220, Fleming Island, FL 32003-7926
      View Details
    • Value Estimation
      $1,235,000
      53,026 SF

      1545 County Rd 220

      GROCERY, SUPERMARKET • 53,026 SF
      1545 County Rd 220, Fleming Island, FL 32003-7922
      View Details
    • Value Estimation
      $445,000
      4,581 SF

      1595 Is Ln

      CONVENIENCE STORE • 4,581 SF
      1595 Is Ln, Fleming Island, FL 32003-7454
      View Details
    • Value Estimation
      $415,000
      4,195 SF

      5000 Us Hwy 17th Ste, Unit 60

      CONVENIENCE STORE • 4,195 SF
      5000 Us Hwy 17th Ste, Fleming Island, FL 32003-8236
      View Details
    • Value Estimation
      $395,000
      4,416 SF

      1619 County Rd 220

      FINANCIAL BUILDING • 4,416 SF
      1619 County Rd 220, Fleming Island, FL 32003-4902
      View Details

    Similar Nearby for Sale

    • $1,853,000
      7,440 SF

      Fleming Island Retail Center

      7,440 SF Retail Investment Opportunity
      1915 Pkwy, Fleming Island, FL 32003
      View Details
    • $60,000
      73,652 SF

      Established Salon Business For Sale

      Salon business for sale in a busy shopping center.
      1545 County Road 220, Fleming Island, FL 32003
      View Details
    • $5,672,932
      10,060 SF

      New Construction Retail Investment Opportunity

      New construction retail property with a 15-year lease in Florida.
      1135 Clay St, Fleming Island, FL 32003
      View Details
    • $1,600,000
      4,980 SF

      Fleming Island Retail Opportunity

      Retail space in desirable Fleming Island trade area for sale.
      1803 Eastwest Pkwy, Fleming Island, FL 32003
      View Details
    • Contact for pricing
      1.41 Acres

      Fleming Island Commercial Land Parcel

      1.41 Acres, High-Traffic Location
      2349 Village Square Pkwy, Fleming Island, FL 32003
      View Details
    • $850,000
      2.00 Acres

      Waterfront Acreage on Fleming Island

      Rare opportunity to own waterfront acreage on Fleming Island.
      1570 Riv Rise Pt, Fleming Island, FL 32003
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Thriving Businesses

      Retail spaces available in high-traffic Fleming Island location.
      2000 East 1960 - Pkwy West, Fleming Island, FL 32003
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space on CR 220

      Retail space with excellent visibility in Fleming Island trade area.
      1489 County Road 220, Fleming Island, FL 32003
      View Details
    • Contact for pricing
      6,895 SF

      Freestanding Building in Fleming Island

      6,895 SF former bank with drive-thru in Fleming Island.
      1711 Eagle Harbor Pkwy, Fleming Island, FL 32003
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Fleming Island

      Retail space available in a high-traffic Fleming Island plaza.
      1615 County Road 220, Fleming Island, FL 32003
      View Details
    • Contact for pricing
      135,762 SF

      Fleming Island Retail Space Available

      Prime Retail Space, 1,151 sq ft, High Traffic
      1550 County Road 220, Orange Park, FL 32003
      View Details
    • Contact for pricing
      1,320 SF

      Fleming Island Commercial Leasing Space

      Prime commercial space for restaurant, office, and retail use.
      406-410 Old Hard Rd, Fleming Island, FL 32003
      View Details
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    3210 Us Hwy 17
    Fleming Island, FL 32003-7126
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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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