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    Property profile & analytics

    500 Park Ave Orange Park, FL 32073-3132

    • Medical Office Space
    • 11,543 SF
    • 3.25 lot acres
    OFF-MARKET
    Value Estimations
    $2,320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7765500
    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

    • Sara Baker / Physician
    • Brooks Rehabilitation Outpatient Clinic - Orange Park / Medical Clinic

    Property Details for 500 Park Ave

    Year built
    2015
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.25 lot acres
    Property size
    11,543 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    49-04-26-018499-004-00
    APU
    49042601849900400

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,560,000
      6.5%
      $2,365,000
      7%
      $2,195,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,326,000
      Market price range: $774k - $2.33M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,465,000
      Current use
      AUTO REPAIR, GARAGE
      $2,175,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange Park
    County
    Clay
    State
    Florida
    Longitude
    -81.7031
    Latitude
    30.1845
    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
    $0.00
    $2,123,550
    $1,727,315
    $3,850,865
    -
    $2,123,550
    $1,727,315
    $3,850,865

    Comparable in this City

    • Value Estimation
      $13,670,000
      68,081 SF

      1847 Kingsley Ave

      MEDICAL BUILDING • 68,081 SF
      1847 Kingsley Ave, Orange Park, FL 32073-4439
      View Details
    • Value Estimation
      $1,825,000
      10,236 SF

      906 Park Ave

      MEDICAL BUILDING • 10,236 SF
      906 Park Ave, Orange Park, FL 32073-4120
      View Details
    • Value Estimation
      $7,095,000
      42,298 SF

      2300 Park Ave

      MEDICAL BUILDING • 42,298 SF
      2300 Park Ave, Orange Park, FL 32073-5571
      View Details
    • Value Estimation
      $975,000
      5,179 SF

      2035 Professional Ctr Dr, Unit 1

      MEDICAL BUILDING • 5,179 SF
      2035 Professional Ctr Dr, Orange Park, FL 32073-4492
      View Details
    • Value Estimation
      $1,645,000
      8,787 SF

      920 Kingsley Ave

      MEDICAL BUILDING • 8,787 SF
      920 Kingsley Ave, Orange Park, FL 32073-4704
      View Details
    • Value Estimation
      $715,000
      2,120 SF

      2217 Kingsley Ave

      MEDICAL BUILDING • 2,120 SF
      2217 Kingsley Ave, Orange Park, FL 32073-5115
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,579 SF

      Kingsley Ave Medical Office Building

      Prime Orange Park Office Space - Vacant
      1409 Kingsley Ave, Orange Park, FL 32073
      View Details
    • $1,500,000
      3,408 SF

      Orange Park Medical Facility

      Exceptional medical facility in Orange Park, Florida, with two units.
      1906 Debarry Ave, Orange Park, FL 32073
      View Details
    • $465,000
      2,280 SF

      Orange Park Medical Office Investment

      Medical office near Orange Park Medical Center, leased under contract.
      1555 Kingsley Ave, 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
    • $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
    • $925,000

      Orange Park Office Building Investment

      Four-unit office building, high occupancy.
      2301 Park Ave, Orange Park, FL 32073
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      20,620 SF

      Kingsley Ave Office Space for Lease

      Prime Orange Park Office, 1,000 sq ft available
      1279 Kingsley Ave, Orange Park, FL 32073
      View Details
    • Contact for pricing
      21,904 SF

      Prime Medical Office Space in Orange Park, FL

      1,055-2,400 SF Medical Office Suites Available
      1871 Wells Rd, Orange Park, FL 32073
      View Details
    • $15 SF/Yr
      900 SF

      Orange Park Medical Office Space

      900 sq ft, Single Tenant, Prime Location
      1329 Kingsley Ave, Orange Park, FL 32073
      View Details
    • $15 SF/Yr
      4,327 SF

      US-17 Retail/Office Space for Lease

      Prime Retail & Office Suites Available
      847 Park Ave, Orange Park, FL 32073
      View Details
    • $23 SF/Yr
      62,568 SF

      Orange Park Medical Office Building

      Class-A Medical Office Space Available
      1825 Kingsley Ave, Orange Park, FL 32073
      View Details
    • $18 SF/Yr
      4,579 SF

      Orange Park Medical Office Space

      Prime Medical Office: 1,875-4,579 SF Available
      1409 Kingsley Ave, Orange Park, FL 32073
      View Details
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    500 Park Ave
    Orange Park, FL 32073-3132
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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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