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Property profile & analytics
OFF-MARKET
Estimated value
$4,175,000
Warehouses
10855 New Berlin Rd Jacksonville, FL 32226-2267
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-0641341
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
STEEL FRAME
Total area
11,938 SF
Lot
3.47 ac (151,266 SF)
Zoning code
IH
APN
109103-0600
UPID
US18-0641341
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
-
JEA Utility Training Center Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$4.18M
Owner & transaction history
JACKSONVILLE ELECTRIC AUTHORITY · 6 yrs held
JACKSONVILLE ELECTRIC AUTHORITY
since 2020
Last sale
$3.0M
1 recorded transaction
Zoning & alternative use
IH · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
IH, and IW Districts and no other. (d) Provisions of this Zoning Code which apply to residential, commercial, industrial or other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of the intended plan…
Zone name
Industrial Heavy
General category
INDUSTRIAL
Zone area
7,152.08 ac
Source
Zoning Ordinance
Top alternative use upside
Commercial (general)
$3.0M
+45.9%
Medical building
$2.7M
+32.2%
Auto repair, garage
$2.5M
+23.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jacksonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$3,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,065,000
Current use
COMMERCIAL (GENERAL)
$3,010,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$2,730,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,545,000
Change: +23% · Conversion: Easy
OFFICE BUILDING
$2,320,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,160,000
Change: +5% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,970,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$4.18M
Range $3.76M – $4.59M · ±10% · vs last sale $3.00M (Jun 9 2020)
Last sale anchor
$3.00M
Jun 9 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$350 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$914,100
Assessed 2023
Previous assessed
$749,900
+21.9% YoY
Assessed land
$384,415
Assessed improvement
$529,685
Land market value
$384,415
Improvement market value
$529,685
Total market value
$914,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
2
Bathrooms
16
Total area
11,938 SF
Lot
3.47 ac (151,266 SF)
Zoning code
IH
APN
109103-0600
UPID
US18-0641341
Jurisdiction
DUVAL
Zoning & alternative use
IH · Jacksonville, FLZoning IH · permitted uses
IH · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
IH, and IW Districts and no other. (d) Provisions of this Zoning Code which apply to residential, commercial, industrial or other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of the intended plan of development. (Ord. 91-59-148, § 1; Ord. 91-761-410, § 1; Ord. 2008-969-E, § 1; Ord. 2014-279-E,
Zone name
Industrial Heavy
General category
INDUSTRIAL
Zone area
7,152.08 ac
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
2
Bathrooms
16
Lot
3.47 ac
Current owner
From public records · entity-resolved
JACKSONVILLE ELECTRIC AUTHORITY
Individual
Free & Clear · 6 yrs held
Mailing address
225 N PEARL ST, JACKSONVILLE, FL 32202-4513
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2020
$3,000,000
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Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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