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Property profile & analytics
FOR LEASE
Strip malls

997 Blanding Blvd Orange Park, FL 32065

11,193 SF 0.97 ac lot Built 1986
Entity Owned 6-yr Hold Free & Clear
Property ID
US18-4487508
Property summary
AI-generated overview

Palmer Plaza, located at 997 Blanding Blvd in Orange Park, Florida (zip code 32065), offers a prime retail space opportunity. This multi-tenant property boasts a total of 11,193 square feet situated on a 0.98-acre lot. Currently, one retail space is available, measuring 2,500 square feet. The building underwent renovations in 2022, ensuring modern amenities and a well-maintained structure. Its strategic location within Clay County places it in a high-traffic retail corridor, providing excellent visibility and accessibility. The property benefits from its proximity to major retail anchors, including a Publix-anchored shopping center and a Walmart Supercenter, both located less than half a mile away. This ensures high foot traffic and a strong customer base. Furthermore, the surrounding area offers a diverse range of dining options, including popular restaurants such as Crafty Crab, Taco Bell, Panda Express, Arby's, and Sonic, adding to the area's appeal and convenience for potential customers. This retail space presents a compelling opportunity for businesses seeking a vibrant and well-established location in a thriving commercial area. The property's recent renovations and advantageous location make it an ideal investment for a variety of retail ventures.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,193 SF
Lot 0.97 ac (42,296 SF)
Zoning code PS-1
APN 40-04-25-020650-000-00
UPID US18-4487508
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Yes We Do Fix Electronics & Wireless Store Computer & Electronic Repair
  • Real Good Deal Auto Sales Car Dealership
  • All In One Smoke Shop, Orange Park, Fl (Bike/Boat/Book/etc) Store
  • Martinez Cargo Express Corp Corporate Office
  • Pampered Pooches Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.27M
Owner & transaction history
Shriji Bless LLC · 6 yrs held
Shriji Bless LLC
since 2019
4 recorded transactions
2019
$3,857
2016
$840,000
2004
$475,000
1969
Price N/A
Zoning & alternative use
PS-1 · Orange Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.1M +27.8%
Retail stores $1.9M +12.4%
Commercial (general) $1.8M +8.7%
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More about this property
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