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    Property profile & analytics

    11853 New Kings Rd Jacksonville, FL 32219

    • Warehouses
    • 9,441 SF
    • 22.09 lot acres
    For Lease
    View listing
    Last Sale
    Apr 13, 2020
    $1,025,000
    Value Estimations
    $1,010,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5975134
    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 11853 New Kings Rd

    Year built
    1976
    Construction
    STEEL FRAME
    Lot size
    22.09 lot acres
    Property size
    9,441 SF
    Zone code
    PUD
    Property type
    Warehouses
    APN
    002584-0200
    APU
    25840200

    Description

    This exceptional 3.07-acre industrial lot, situated in Jacksonville, Florida's Northside submarket, presents a unique leasing opportunity. Located at 11853 New Kings Rd, zip code 32219, this property is part of a larger, recently developed 22-acre industrial complex. The site boasts secure, fully fenced storage, stabilized with six inches of crushed concrete, ensuring a durable and level surface. Convenient pole lighting and gated access from US-1 enhance security and accessibility. The property includes readily available electric and water hookups, and can easily accommodate an office trailer for on-site management needs. Its strategic location on US-1, just five miles north of I-295, provides excellent access to major transportation arteries. This versatile space is ideally suited for a variety of uses, including fleet parking, contractor storage, or equipment staging. The property is zoned as Planned Unit Development (PUD) and is classified as a manufacturing property with multiple tenancy. A significant 25,000 square feet of vacant space is available for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,385,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,060,000
      6.5%
      $980,000
      7%
      $910,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,398,000
      Market price range: $639k - $1.40M
      AI Estimate
      $1,001,000
      Market price range: $37.7k - $1.00M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,025,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,560,000
      Change: +52% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.767
    Latitude
    30.4483
    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
    $1,364,450
    $686,450
    $2,050,900
    -
    $1,364,450
    $686,450
    $2,050,900

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      New Kings Rd

      STORAGE YARD, OPEN STORAGE • 0.05 Acres
      New Kings Rd, Jacksonville, FL 32219
      View Details
    • Value Estimation
      $935,000
      9,222 SF

      7305 Old Kings Rd

      WAREHOUSE, STORAGE • 9,222 SF
      7305 Old Kings Rd, Jacksonville, FL 32219-3731
      View Details
    • Value Estimation
      $2,025,000
      3,110 SF

      10443 New Kings Rd

      STORAGE YARD, OPEN STORAGE • 3,110 SF
      10443 New Kings Rd, Jacksonville, FL 32219
      View Details
    • Value Estimation by Request
      373 SF

      10549 New Kings Rd

      STORAGE YARD, OPEN STORAGE • 373 SF
      10549 New Kings Rd, Jacksonville, FL 32219-2419
      View Details
    • Value Estimation
      $590,000
      1.58 Acres

      6585 Pickett Dr

      STORAGE YARD, OPEN STORAGE • 1.58 Acres
      6585 Pickett Dr, Jacksonville, FL 32219-5322
      View Details
    • Value Estimation
      $665,000
      6,960 SF

      6775 Pitts Rd

      WAREHOUSE, STORAGE • 6,960 SF
      6775 Pitts Rd, Jacksonville, FL 32219
      View Details

    Similar Nearby for Sale

    • $2,200,000

      Jacksonville Industrial Warehouse - $2.2M

      Prime Jacksonville warehouse, 2.8 acres, multiple buildings.
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    • $2,500,000
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      5.5 Acres, Jacksonville, FL - Prime Location
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    • $650,000

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      High-Income RV Park, 9 Pads, Expansion Potential
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    • $439,999
      8.00 Acres

      8-Acre Multifamily Development Land

      Riverfront property, high traffic area.
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    • $120,000
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      High-visibility location, ideal for business.
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    Similar Nearby for Lease

    • Contact for pricing
      600,000 SF

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      Prime Jacksonville Warehouse Space

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    • $9 SF/Yr
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      New Jacksonville Industrial Space Available

      42,190± SF industrial space in master-planned business park.
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    • Contact for pricing
      295,100 SF

      Industrial Space For Lease

      295,100 SF industrial space available for lease.
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    • Contact for pricing
      617,760 SF

      Distribution Warehouse with Trailer Parking

      617,760 SF distribution warehouse with cross-dock and trailer parking.
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    • Contact for pricing
      192,924 SF

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      View Details
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    11853 New Kings Rd
    Jacksonville, FL 32219
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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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