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

    380 Blanding Blvd Orange Park, FL 32073-4351

    • Outlet malls
    • 87,990 SF
    • 9.38 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2020
    $6,615,000
    Value Estimations
    $8,745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0184280
    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

    • KMART / Department Store
    • Nishant Patel / Pharmacy
    • Amazon Locker - Preamble / Mailing Service / E-Commerce Service
    • Old Time Pottery / Home Goods Store / Discount Store

    Property Details for 380 Blanding Blvd

    Year built
    1976
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.38 lot acres
    Property size
    87,990 SF
    Zone code
    BB
    Property type
    Outlet malls
    APN
    12-04-25-020297-001-01
    APU
    12042502029700101

    Description

    This exceptional 86,504 square foot commercial land parcel presents a rare freestanding retail opportunity in Orange Park, Florida. Located on Blanding Boulevard, this property boasts excellent visibility and is situated directly in front of Old Time Pottery, ensuring high traffic and exposure. The site is currently vacant and offers a flexible build-to-suit option or a ground lease arrangement, providing significant potential for developers and businesses alike. With a minimum divisible space of 5,500 square feet and a maximum contiguous space of 86,504 square feet, this property caters to a wide range of development possibilities. The property's location in Clay County, Florida, at 380 Blanding Boulevard, zip code 32073, offers easy access to major roadways and a thriving community. This is an ideal location for a variety of retail uses, taking advantage of the high traffic counts and strong visibility afforded by its prominent position on Blanding Boulevard. The single-tenancy nature of the property allows for complete control and customization of the development. Don't miss this opportunity to secure a prime retail location in a rapidly growing area. Contact us today to learn more about this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,745,000
      ML approach
      $8,535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,747,000
      Market price range: $8.75M - $22.1M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $13,070,000
      NEIGHBORHOOD: SHOPPING CENTER
      $12,970,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange Park
    County
    Clay
    State
    Florida
    Longitude
    -81.7492
    Latitude
    30.1655
    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
    $61,130
    $2,733,084
    $1,292,801
    $4,025,885
    -
    $2,733,084
    $1,292,801
    $4,025,885

    Comparable in this City

    • Value Estimation
      $995,000
      34,412 SF

      86 Blanding Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 34,412 SF
      86 Blanding Blvd, Orange Park, FL 32073-2626
      View Details
    • Value Estimation
      $440,000
      6,531 SF

      502 Wls Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 6,531 SF
      502 Wls Rd, Orange Park, FL 32073-2924
      View Details
    • Value Estimation
      $1,185,000
      135,997 SF

      2285 Kingsley Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 135,997 SF
      2285 Kingsley Ave, Orange Park, FL 32073-5138
      View Details
    • Value Estimation
      $635,000
      20,856 SF

      204 Blanding Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 20,856 SF
      204 Blanding Blvd, Orange Park, FL 32073-3339
      View Details
    • Value Estimation
      $1,000,000
      23,836 SF

      2141 Loch Rane Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 23,836 SF
      2141 Loch Rane Blvd, Orange Park, FL 32073-5723
      View Details
    • Value Estimation
      $1,115,000
      109,648 SF

      560 Blanding Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 109,648 SF
      560 Blanding Blvd, Orange Park, FL 32073-5005
      View Details

    Similar Nearby for Sale

    • $13,985,000
      108,578 SF

      Retail Space in Orange Park

      Retail property with 108,578 SF available for sale.
      1919 Wells Rd, Orange Park, FL 32073
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    • $1,795,000
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      Versatile Commercial Portfolio in Orange Park

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      Kingsley Avenue Commercial Property

      Mixed-use building, prime Orange Park location.
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    • $5,693,062
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      317 Blanding Blvd

      Churches & religious facilities • 40,000 SF
      317 Blanding Blvd, Orange Park, FL 32073
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    • Contact for pricing
      950,000 SF

      Prime Orange Park Retail Space

      Massive Retail Building, High Traffic Area
      1910 Wells Rd, Orange Park, FL 32073
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    • Contact for pricing
      2,460 SF

      Prime Orange Park Retail Space

      High-traffic, 2,460 SF retail outparcel.
      486 Blanding Blvd, Orange Park, FL 32073
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,589 SF

      Retail Space in Orange Park

      Retail space available in a shopping center with ample parking.
      1472 Park Ave, Orange Park, FL 32073
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    • Contact for pricing
      5,000 SF

      Retail Space in Orange Park

      Retail space available in a shopping center with ample parking.
      1464 Park Ave, Orange Park, FL 32073
      View Details
    • $16 SF/Yr
      40,000 SF

      Retail Space in Orange Park

      40,000 SF neighborhood center with seasoned management.
      1580 Wells Rd, Orange Park, FL 32073
      View Details
    • Contact for pricing
      5,798 SF

      Retail Space Near Orange Park

      Prime retail space with high visibility near Orange Park Mall.
      64 Blanding Blvd, Orange Park, FL 32073
      View Details
    • Contact for pricing

      Retail Space in Orange Park

      Retail spaces available in established Orange Park trade area.
      1910 Wells Rd, Orange Park, FL 32073
      View Details
    • $18 SF/Yr
      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
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    380 Blanding Blvd
    Orange Park, FL 32073-4351
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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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