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

    908 Blanding Blvd Orange Park, FL 32065-6206

    • Drive through restaurants
    • 1,567 SF
    • 0.91 lot acres
    OFF-MARKET
    Last Sale
    Aug 06, 2021
    $1,000,000
    Value Estimations
    $945,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5064746
    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

    • Sonic Drive-In / Fast Food Restaurant

    Property Details for 908 Blanding Blvd

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.91 lot acres
    Property size
    1,567 SF
    Zone code
    BB
    Property type
    Drive through restaurants
    APN
    23-04-25-020392-008-05
    APU
    23042502039200805

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $900,000
      ML approach
      $890,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange Park
    County
    Clay
    State
    Florida
    Longitude
    -81.7698
    Latitude
    30.1411
    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
    $11,050
    $477,000
    $250,706
    $727,706
    -
    $477,000
    $250,706
    $727,706

    Comparable in this City

    • Value Estimation
      $1,810,000
      2,010 SF

      938 Blanding Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,010 SF
      938 Blanding Blvd, Orange Park, FL 32065-6733
      View Details
    • Value Estimation by Request
      1,035 SF

      853 Blanding Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,035 SF
      853 Blanding Blvd, Orange Park, FL 32065-6203
      View Details
    • Value Estimation by Request
      3,201 SF

      896 Blanding Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,201 SF
      896 Blanding Blvd, Orange Park, FL 32065-8922
      View Details
    • Value Estimation by Request
      5,231 SF

      1083 Blanding Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,231 SF
      1083 Blanding Blvd, Orange Park, FL 32065-6701
      View Details
    • Value Estimation by Request
      2,995 SF

      1110 Blanding Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,995 SF
      1110 Blanding Blvd, Orange Park, FL 32065-6704
      View Details
    • Value Estimation by Request
      3,962 SF

      1092 Blanding Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,962 SF
      1092 Blanding Blvd, Orange Park, FL 32065-6736
      View Details

    Similar Nearby for Sale

    • $140,000
      3,000 SF

      Orange Park Drive-Thru Restaurant

      Sandwich shop with drive-thru in busy shopping center.
      1330 Blanding Blvd, Orange Park, FL 32065
      View Details
    • $1,200,000

      Restaurant and Real Estate For Sale

      Fully remodeled restaurant with real estate, development potential, and flexibility.
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    • $975,000
      9,650 SF

      Orange Park Commercial Property For Sale

      Commercial property in high-traffic area suitable for various applications.
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    • $1,350,000
      5.43 Acres

      Prime Commercial Land, Orange Park

      5.43 Acres, High Traffic Area
      138 College Dr, Orange Park, FL 32065
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    • $800,000
      1.64 Acres

      Sandy Street Warehouse: 30,000 SF

      Large warehouse, ideal for distribution. Excellent location, recent upgrades.
      741 Blanding Blvd, Orange Park, FL 32065
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    • $775,000

      Commercial Land Near Super Wal-Mart

      Commercial land with versatile zoning and high visibility.
      2425 Ridgecrest Ave, Orange Park, FL 32065
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    Similar Nearby for Lease

    • Contact for pricing
      16,596 SF

      Prime Orange Park Retail Center

      Two suites available, high traffic location.
      999 Blanding Blvd, Orange Park, FL 32065
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    • Contact for pricing
      76,517 SF

      Oakleaf Commons Retail Space

      Prime Orange Park retail opportunity.
      1075 Oakleaf Plantation Pkwy, Orange Park, FL 32065
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    • Contact for pricing
      1,899 SF

      Retail Space on Blanding Blvd

      Retail space available in a rapidly growing area.
      1339 Blanding Blvd, Orange Park, FL 32065
      View Details
    • $12 SF/Yr
      11,193 SF

      Palmer Plaza Retail Space

      Orange Park, FL Retail Opportunity
      997 Blanding Blvd, Orange Park, FL 32065
      View Details
    • Contact for pricing
      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
      View Details
    • Contact for pricing
      1,481 SF

      Retail Space in High-Traffic Area

      Retail space available in front of Walmart Supercenter.
      901 Blanding Blvd, Orange Park, FL 32065
      View Details
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    908 Blanding Blvd
    Orange Park, FL 32065-6206
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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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