997 Blanding BlvdOrange Park, FL 32065

Property Details for 997 Blanding Blvd

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.97 AC

Property size (Sq ft)

11,193 SF

Zone code

PS-1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

40-04-25-020650-000-00

APU

40042502065000000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,753,010

  6.5%

  $2,541,240

  7%

  $2,359,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $791,685

  Geo Method

  $791,685

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,941,620

  Mixed-Use / Specialty

  $2,537,850

  Hospitality / Lodging

  $1,869,330

  Office

  $2,528,690

  Institutional / Educational

  $2,640,370

  Residential Income

  $3,089,240

  Multifamily

  $3,673,600

  Automotive / Energy

  $2,263,180

  Parking / Income-Based Land

  $775,388

  Restaurant / Food Service

  $1,332,070

  Healthcare / Senior Housing

  $2,596,700

Location Insight

City

Orange Park

County

Clay

State

Florida

Latitude

30.1363

Longitude

-81.776

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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