Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3621 County Rd 218 Middleburg, FL 32068-5703

    • Auto shops
    • 2,720 SF
    • 8.80 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5588231
    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

    • Auto shops

    Property Details for 3621 County Rd 218

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    8.80 lot acres
    Property size
    2,720 SF
    Property type
    Auto shops
    APN
    19-05-25-010087-000-00
    APU
    19052501008700000

    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
    -81.8464
    Latitude
    30.0443
    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
    $2,073
    $62,400
    $74,101
    $136,501
    -
    $62,400
    $74,101
    $136,501

    Comparable in this City

    • Value Estimation by Request
      9,226 SF

      4003 Everett Ave

      AUTO REPAIR, GARAGE • 9,226 SF
      4003 Everett Ave, Middleburg, FL 32068-5019
      View Details
    • Value Estimation by Request
      4,500 SF

      4314 County Rd 218

      AUTO REPAIR, GARAGE • 4,500 SF
      4314 County Rd 218, Middleburg, FL 32068-4850
      View Details
    • Value Estimation by Request
      4,804 SF

      5408 County Rd 218

      AUTO REPAIR, GARAGE • 4,804 SF
      5408 County Rd 218, Middleburg, FL 32068-3562
      View Details
    • Value Estimation by Request
      8,572 SF

      2485 County Rd 220

      AUTO REPAIR, GARAGE • 8,572 SF
      2485 County Rd 220, Middleburg, FL 32068-6531
      View Details
    • Value Estimation by Request
      11,070 SF

      2490 County Rd 220

      AUTO REPAIR, GARAGE • 11,070 SF
      2490 County Rd 220, Middleburg, FL 32068-6529
      View Details
    • Value Estimation by Request
      1,464 SF

      1358 Allie Murray Rd

      AUTO REPAIR, GARAGE • 1,464 SF
      1358 Allie Murray Rd, Middleburg, FL 32068-3800
      View Details

    Similar Nearby for Sale

    • $400,000
      1,140 SF

      Historic Retail Building in Middleburg

      Versatile commercial building in prime location with recent updates.
      3903 Main St, Middleburg, FL 32068
      View Details
    • $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
    • New
      $330,900
      1,328 SF

      Middleburg Commercial Property For Sale

      Commercial property in Middleburg, Florida, suitable for redevelopment or renovation.
      535 College Dr, Middleburg, FL 32068
      View Details
    • 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
    • $1,400,000

      Commercial Property on 1+ Acre

      High-traffic commercial property suitable for redevelopment or repurposing.
      3114 County Road 220, Middleburg, FL 32068
      View Details
    • $1,300,000
      3,705 SF

      Middleburg, Florida Retail Investment

      NNN leased Kid City USA with zero landlord responsibilities.
      29 Cinnamon St, Middleburg, FL 32068
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      64,808 SF

      Retail Hub at Plantation Crossing

      Retail, medical, restaurant, and service spaces available in Middleburg, FL.
      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
    • 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
    • $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
      32,200 SF

      Blanding Blvd Retail Space

      Prime Middleburg restaurant space available.
      2475 Blanding Blvd, Middleburg, FL 32068
      View Details
    • $13 SF/Yr
      37,328 SF

      Middleburg Office Space Available

      Prime Clay County Office Suites, 2,750-5,477 SF
      420 College Dr, Middleburg, FL 32068
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3621 County Rd 218
    Middleburg, FL 32068-5703
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.