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    741 Blanding Blvd Orange Park, FL 32065
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    741 Blanding Blvd, Orange Park, FL 32065

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    • Commercial land
    For Sale
    $800,000
    View Listing →
    Prime Commercial Land in Orange Park For Sale
    $800,000
    1.64 Acres

    Prime Commercial Land in Orange Park

    Shovel-ready 1.64-acre commercial property near major medical centers.

    741 Blanding Blvd, Orange Park, FL 32065
    View Listing
    Property ID
    US18-3398331
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 741 Blanding Blvd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    The 1.64-acre property is accessed at the signalized intersection of Blanding Blvd and Foxridge Rd in Orange Park, Clay County, Florida. Strategically located is Ascension St. Vincent’s Hospital, which is 10 minutes north of the subject site. The hospital is in the Brandon Field Master Plan. This Master Plan is designed for 21,400 residential units. To the south of the subject site is the Orange Park Medical Center and the densely populated Orange Park submarket which is just 6 minutes south of the subject site The subject site is ‘shovel ready’ with related infrastructure to the site and on the site. It is cleared for development with no identifiable wetlands. The engineering study and existing survey provides development information to support the development of the site. These reports will considerably reduce the buyer’s due diligence expense as well as the inspection time lines. The subject site is a ‘high profile’ property with a variety of uses to include retail, service establishments, animal hospital, drugstores, grocery stores, health care services to name a few. Surround by a densely populated retail trade area with regional and national service type industries.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange Park
    County
    Clay
    State
    Florida
    Longitude
    -81.7598148
    Latitude
    30.1454785

    Comparable in this City

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      Prime Land on Blanding Blvd

      1.64-acre commercial land with high visibility and development potential.
      741 Blanding Blvd, Orange Park, FL 32065
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      7.16 Acres Development Opportunity

      Two parcels totaling 7.16 acres with utilities established onsite.
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      7.16 Acres

      7.16 Acres Commercial Land

      Two parcels with ample potential in Orange Park, Florida.
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      College Drive Commercial Land

      5.43 acre commercial land with frontage on College Drive.
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      Prime Development Land For Sale

      1.21 acres of commercial land ready for development.
      719 Blanding Blvd, Orange Park, FL 32065
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    Similar Nearby for Sale

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      Commercial Land on Blanding Blvd

      1.57 acre commercial land with frontage on Blanding Blvd.
      1016 Blanding Blvd, Orange Park, FL 32065
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    • Contact for pricing

      Prime Land on Blanding Blvd

      1.64-acre commercial land with high visibility and development potential.
      741 Blanding Blvd, Orange Park, FL 32065
      View Details
    • Contact for pricing

      7.16 Acres Development Opportunity

      Two parcels totaling 7.16 acres with utilities established onsite.
      401 Madison Ave, Orange Park, FL 32065
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    • $2,200,000
      7.16 Acres

      7.16 Acres Commercial Land

      Two parcels with ample potential in Orange Park, Florida.
      401 Madison Ave, Orange Park, FL 32065
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      College Drive Commercial Land

      5.43 acre commercial land with frontage on College Drive.
      138 College Dr, Orange Park, FL 32065
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      Prime Development Land For Sale

      1.21 acres of commercial land ready for development.
      719 Blanding Blvd, Orange Park, FL 32065
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    Similar Nearby for Lease

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      Publix Outparcels for Ground Lease

      Commercial land available for ground lease in Orange Park, Florida.
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      Commercial Center Anchor Space Available

      Anchor space available for lease in Orange Park, Florida.
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      Retail Space in Patel Plaza

      Retail space in a high-traffic area near major retailers.
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      Orange Park Retail/Office Opportunity

      Office or retail spaces available in Orange Park, Florida.
      104 College Dr, Orange Park, FL 32065
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      Orange Park Office Space Available

      720 sqft office space suitable for professional business.
      767 Blanding Blvd, Orange Park, FL 32065
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      31,762 SF

      Retail Space in South Blanding

      Anchor space available in a 108,805 SF shopping center.
      700 Blanding Blvd, Orange Park, FL 32065
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    View Listing
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    Orange Park, FL 32065
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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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