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    Property profile & analytics

    369 Blanding Blvd Orange Park, FL 32073-4365

    • Warehouses
    • 7,075 SF
    • 2.70 lot acres
    OFF-MARKET
    Last Sale
    Apr 06, 2022
    $12,150,000
    Value Estimations
    $10,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2814351
    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

    • Average Joe Guns and Ammo LLC / Gun Shop
    • Chief's Pistons & Rotors Motor / Auto Repair Shop
    • Jax Auto Recycling / Auto Parts Store
    • Orange Park Glass & Mirror / Furniture & Home Goods / Home Decor Store
    • Swank Jewelers / (Bike/Boat/Book/etc) Store

    Property Details for 369 Blanding Blvd

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.70 lot acres
    Property size
    7,075 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    07-04-26-013080-001-00
    APU
    7042601308000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,400,000
      ML approach
      $9,685,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange Park
    County
    Clay
    State
    Florida
    Longitude
    -81.7436
    Latitude
    30.1671
    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
    $54,663
    $470,448
    $3,129,552
    $3,600,000
    -
    $470,448
    $3,129,552
    $3,600,000

    Comparable in this City

    • Value Estimation
      $26,055,000
      108,233 SF

      600 Blanding Blvd

      MINI-WAREHOUSE, STORAGE • 108,233 SF
      600 Blanding Blvd, Orange Park, FL 32073-5007
      View Details
    • Value Estimation
      $1,390,000
      9,900 SF

      271 Blanding Blvd

      MINI-WAREHOUSE, STORAGE • 9,900 SF
      271 Blanding Blvd, Orange Park, FL 32073-3358
      View Details
    • Value Estimation
      $9,910,000
      7,075 SF

      369 Blanding Blvd

      MINI-WAREHOUSE, STORAGE • 7,075 SF
      369 Blanding Blvd, Orange Park, FL 32073-4365
      View Details
    • Value Estimation by Request
      283,301 SF

      600 Wells Rd

      Distribution properties • 283,301 SF
      600 Wells Rd, Orange Park, FL 32073
      View Details
    • Value Estimation by Request
      116 SF

      1722 Kingsley Ave, Unit 1F

      WAREHOUSE, STORAGE • 116 SF
      1722 Kingsley Ave, Orange Park, FL 32073-4476
      View Details
    • Value Estimation by Request
      261 SF

      1722 Kingsley Ave, Unit 1S

      WAREHOUSE, STORAGE • 261 SF
      1722 Kingsley Ave, Orange Park, FL 32073-4476
      View Details

    Similar Nearby for Sale

    • $1,350,000

      Orange Park Commercial Building For Sale

      Commercial building with office and warehouse space in Orange Park.
      653 Kingsley Ave, Orange Park, FL 32073
      View Details
    • Contact for pricing
      283,301 SF

      Prime Orange Park Industrial Facility

      283,301 SF Warehouse, Manufacturing, Distribution
      600 Wells Rd, Orange Park, FL 32073
      View Details
    • $1,795,000
      1,767 SF

      Versatile Commercial Portfolio in Orange Park

      Three parcels with a leased building and expansion potential.
      1005 Park Ave, Orange Park, FL 32073
      View Details
    • New
      $915,000
      5,092 SF

      Orange Park Office Investment Opportunity

      Fully occupied office building with long-term leases in Orange Park.
      2301 Park Ave, Orange Park, FL 32073
      View Details
    • Contact for pricing
      2,950 SF

      Orange Park Redevelopment Opportunity

      2,950 SF building suitable for retail or vehicle-related ventures.
      206 Park Ave, Orange Park, FL 32073
      View Details
    • $1,200,000
      26,732 SF

      Commercial Land on Park Avenue

      Commercial land available on a high-traffic road in Orange Park.
      1103 Park Ave, Orange Park, FL 32073
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,848 SF

      Showroom and Warehouse Space Available

      Spacious showroom and warehouse with high visibility and accessibility.
      1329 Park Ave, Orange Park, FL 32073
      View Details
    • Contact for pricing
      283,301 SF

      Wells Road Distribution Center

      Massive Industrial Space - Ready for Occupancy
      600 Wells Rd, Orange Park, FL 32073
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on Blanding Blvd

      23,000 SF strip center in a thriving retail area.
      88 Blanding Blvd, Orange Park, FL 32073
      View Details
    • Contact for pricing
      6,612 SF

      Class A Medical Office Space

      New medical office building with high parking ratio.
      1847 Kingsley Ave, Orange Park, FL 32073
      View Details
    • Contact for pricing
      17,563 SF

      Single Story Office Building

      17,563 SF single-story building on 2.78 acres, renovated 2016.
      560 Wells Rd, Orange Park, FL 32073
      View Details
    • $22 SF/Yr
      6,241 SF

      Retail Space Near Blanding Blvd

      Retail space available for lease near major thoroughfare.
      1756-400 Wells Rd, Orange Park, FL 32073
      View Details
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    Orange Park, FL 32073-4365
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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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