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    Property profile & analytics

    88 Blanding Blvd Orange Park, FL 32073

    • Strip malls
    • 23,980 SF
    • 1.79 lot acres
    For Lease
    View listing
    Last Sale
    Aug 24, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5357379
    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

    • Mack Eye Care / Physician
    • Boost Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Floor Trader of Orange Park / Carpet & Flooring Store / Hardware & Home Improvement
    • Dr. Larry Brown / Physician
    • Robert L Schnipper / Physician

    Property Details for 88 Blanding Blvd

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.79 lot acres
    Property size
    23,980 SF
    Zone code
    BB
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    06-04-26-010676-000-00
    APU
    6042601067600000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,535,000
      Current use
      RETAIL STORES
      $3,975,000
      Change: +12% Conversion: Easy
      WAREHOUSE, STORAGE
      $3,560,000
      Change: +1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,955,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange Park
    County
    Clay
    State
    Florida
    Longitude
    -81.7401
    Latitude
    30.1828
    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
    $50,108
    $1,167,360
    $2,132,640
    $3,300,000
    -
    $1,167,360
    $2,132,640
    $3,300,000

    Comparable in this City

    • Value Estimation
      $1,355,000
      12,681 SF

      80 Blanding Blvd

      SHOPPING CENTER, STRIP CENTER • 12,681 SF
      80 Blanding Blvd, Orange Park, FL 32073-2626
      View Details
    • Value Estimation
      $865,000
      8,640 SF

      664 Kingsley Ave

      SHOPPING CENTER, STRIP CENTER • 8,640 SF
      664 Kingsley Ave, Orange Park, FL 32073-5483
      View Details
    • Value Estimation
      $905,000
      9,450 SF

      563 Blanding Blvd

      SHOPPING CENTER, STRIP CENTER • 9,450 SF
      563 Blanding Blvd, Orange Park, FL 32073-6308
      View Details
    • Value Estimation
      $2,680,000
      18,067 SF

      1177 Park Ave

      SHOPPING CENTER, STRIP CENTER • 18,067 SF
      1177 Park Ave, Orange Park, FL 32073-4155
      View Details
    • Value Estimation
      $1,135,000
      10,983 SF

      155 Blanding Blvd

      SHOPPING CENTER, STRIP CENTER • 10,983 SF
      155 Blanding Blvd, Orange Park, FL 32073-2630
      View Details
    • Value Estimation
      $5,760,000
      18,031 SF

      2177 Kingsley Ave

      SHOPPING CENTER, STRIP CENTER • 18,031 SF
      2177 Kingsley Ave, Orange Park, FL 32073-5199
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      108,578 SF

      Retail Space in Orange Park

      Retail property with 108,578 SF available for sale.
      1919 Wells Rd, Orange Park, FL 32073
      View Details
    • $915,000
      5,092 SF

      Orange Park Retail Investment Opportunity

      Fully occupied retail plaza with long-term leases in Orange Park.
      2301 Park 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
    • $1,495,000

      Kingsley Avenue Commercial Property

      Mixed-use building, prime Orange Park location.
      653 Kingsley Ave, Orange Park, FL 32073
      View Details
    • 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
    • $5,693,062
      40,000 SF

      317 Blanding Blvd

      Churches & religious facilities • 40,000 SF
      317 Blanding Blvd, Orange Park, FL 32073
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,777 SF

      Retail Space in Orange Park

      Retail space available in a shopping center with ample parking.
      1472 Park Ave, Orange Park, FL 32073
      View Details
    • $16 SF/Yr

      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
      5,000 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
    • 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
      31,480 SF

      Kingsley Square Retail Space Available

      Orange Park Shopping Center Space for Lease
      2285 Kingsley Ave, Orange Park, FL 32073
      View Details
    • Contact for pricing
      43,999 SF

      Prime Orange Park Retail Center

      Three-building retail center, two spaces available
      2146 Park Ave, Orange Park, FL 32073
      View Details
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    Orange Park, FL 32073
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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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