Property profile

800 N Orange Ave Green Cove Springs, FL 32043

FOR LEASE
Drug stores
Property ID
US18-3783450
12,363 SF 1.39 ac lot Built 2003
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 12,363-square-foot free-standing commercial building presents a unique investment opportunity in Green Cove Springs, Florida. Located at 800 N. Orange Ave, this single-tenant property boasts a highly visible location at a major lighted intersection on a main arterial highway, ensuring significant exposure. The building's zoning is commercial, allowing for a variety of uses. The property sits on a one-acre lot, providing ample space and potential for future development or expansion. The building is currently vacant, offering immediate occupancy for a new tenant. Its strategic location offers proximity to major retailers, enhancing its appeal and potential for high foot traffic. Furthermore, its advantageous position near the County Administration Building, Clay County Sheriff's Office, and St. Vincent's Emergency Medical Center provides convenient access to essential services and a strong anchor for the surrounding community. The asking rental rate is $24 per square foot, triple net (NNN). This property is an ideal choice for businesses seeking a high-visibility location with excellent accessibility and proximity to key community services in a thriving area of Green Cove Springs. The building's size and location make it suitable for a wide range of commercial enterprises. This is a rare opportunity to acquire a substantial, well-positioned commercial property in a rapidly growing market.

Property profile

Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2003
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,363 SF
Lot 1.39 ac (60,548 SF)
Zoning code GCC
APN 38-06-26-017544-000-00
UPID US18-3783450

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Crypto Atm
  • Bank Credit Union
  • Atm
  • Atm

Location

800 N Orange Ave Green Cove Springs, FL 32043
Green Cove Springs metro Census 31400 JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.49M
CAP Approach CAP
$2.15M
Comparable Approach Comparable
$2.69M
Blend (final) Blend
$3.38M

Owner & transaction history

since 2022
Last sale
$4.0M
5 recorded transactions
2022
Price N/A
2022
$4.0M
2021
$3.2M
2002
$885,000
1996
$210,000

Zoning & alternative use

GCC · Green Cove Springs, FL
Zoning description

The gateway corridor commercial (GCC) district zoning category is intended for all property located in the gateway corridor and designated as CHI (commercial high intensity) and INS (institutional) on the future land use…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Office building $3.2M +72.8%
Medical building $3.2M +68.7%
Commercial (general) $2.8M +47.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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