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    7489 Commonwealth Ave Jacksonville, FL 32220

    • Warehouses
    • 230,184 SF
    • 39.32 lot acres
    For Lease
    View listing
    Value Estimation
    $8,525,000
    Last Sale
    Jul 01, 2022
    $8,900,000
    Location Intelligence
    Property ID
    US18-7256721
    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

    • Warehouses

    Property Details for 7489 Commonwealth Ave

    Year built
    2023
    Lot size
    39.32 lot acres
    Property size
    230,184 SF
    Zone code
    IBP
    Property type
    Warehouses
    APN
    004889-0600
    APU
    48890600

    Description

    This state-of-the-art, 230,060-square-foot Class A industrial distribution center, built in 2023, is situated in Jacksonville, Florida's Westside Submarket at 7489 Commonwealth Ave, 32220. The property features a single building with 121,938 square feet of immediately available space, divisible to a minimum of 54,080 square feet. The maximum contiguous space available is 121,938 square feet. The building boasts a 32-foot ceiling height, ideal for warehousing and distribution needs. Ample parking is provided with 170 spaces. The property is zoned IBP and offers 2,500 amp, 480-volt, 3-phase power. Its strategic location provides convenient access to I-295, I-10, JAXPORT Blount Island Marine Terminals, and Jacksonville International Airport, making it an excellent distribution hub. The 39.32-acre lot offers significant expansion potential. This facility is designed for efficient cross-dock and rear loading operations, serving a vast market within an 8-hour drive of 60 million consumers.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $8,125,000
      6.5%
      $9,315,000
      7%
      $9,665,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $8,225,000
      Geo Method
      $10,085,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,230,000
      Retail
      $9,410,000
      Mixed-Use
      $7,500,000
      Hospitality
      $7,400,000
      Educational
      $8,345,000
      Residential Income
      $9,895,000
      Energy
      $9,255,000
      Income-Based Land
      $7,775,000
      Food Service
      $9,335,000

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7745
    Latitude
    30.343
    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
    $0.00
    $3,425,560
    $0.00
    $3,425,560
    -
    $3,425,560
    $0.00
    $3,425,560

    Comparable in this City

    • Value Estimation by Request
      1,680 SF

      8997 Commonwealth Ave

      WAREHOUSE, STORAGE • 1,680 SF
      8997 Commonwealth Ave, Jacksonville, FL 32220
      View Details
    • Value Estimation
      $255,000
      2.03 Acres

      8925 Beaver St

      STORAGE YARD, OPEN STORAGE • 2.03 Acres
      8925 Beaver St, Jacksonville, FL 32220-2209
      View Details
    • Value Estimation by Request
      0.05 Acres

      8540 Beaver St

      STORAGE YARD, OPEN STORAGE • 0.05 Acres
      8540 Beaver St, Jacksonville, FL 32220-2200
      View Details
    • Value Estimation
      $2,520,000
      228 SF

      7004 5th W St, Unit 1

      STORAGE YARD, OPEN STORAGE • 228 SF
      7004 5th W St, Jacksonville, FL 32220
      View Details
    • Value Estimation by Request
      0.24 Acres

      1038 Bulls Bay Hwy

      STORAGE YARD, OPEN STORAGE • 0.24 Acres
      1038 Bulls Bay Hwy, Jacksonville, FL 32220-2515
      View Details
    • Value Estimation by Request
      2,080 SF

      8026 Beaver St

      WAREHOUSE, STORAGE • 2,080 SF
      8026 Beaver St, Jacksonville, FL 32220-2620
      View Details

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      Land for sale, buyer to do their own due diligence.
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    Similar Nearby for Lease

    • $6 SF/Yr
      400,000 SF

      Westside Cross-Dock Distribution Facility

      400,000-SF cross-dock facility near major transportation routes.
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      302,200 sq ft warehouse space for lease.
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      500,000 SF

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      500,000 SF warehouse with customizable space and convenient access.
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      230,060 SF

      Commonwealth Logistics Center: Jacksonville

      Class A Warehouse Space Available in Jacksonville, FL
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      View Details
    • Contact for pricing
      177,660 SF

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      Distribution properties • 177,660 SF
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    • Contact for pricing

      Commercial Land for Lease

      Land available for lease with development rights in place.
      7282 Commonwealth Ave, Jacksonville, FL 32220
      View Details
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    7489 Commonwealth Ave
    Jacksonville, FL 32220
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    Realmo Value Estimation

    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.

    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.

    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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