Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    109 Halsema S Rd Jacksonville, FL 32220-1657

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    109 Halsema S Rd Jacksonville, FL 32220-1657

    View on Map
    • Manufacturing properties
    • 31,906 SF
    • 27.09 lot acres
    Off-Market
    Property ID
    US18-5690006
    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.
    Value Estimations
    $4,040,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • West Fraser - Whitehouse Mills / Mill / Factory

    Property Details for 109 Halsema S Rd

    Year built
    1972
    Construction
    STEEL FRAME
    Lot size
    27.09 lot acres
    Property size
    31,906 SF
    Zone code
    IL
    Property type
    Manufacturing properties
    APN
    001793-0010
    APU
    17930010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,955,000
      6.5%
      $2,730,000
      7%
      $2,535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,418,000
      Market price range: $1.35M - $5.42M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,940,000
      Current use
      OFFICE BUILDING
      $6,195,000
      Change: +111% Conversion: Difficult
      RETAIL STORES
      $5,775,000
      Change: +96% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $5,265,000
      Change: +79% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.8679
    Latitude
    30.3099
    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
    $81,764
    $551,160
    $3,277,606
    $3,828,766
    -
    $551,160
    $3,277,606
    $3,828,766

    Comparable in this City

    • Value Estimation
      $4,785,000
      66,550 SF

      10483 General Ave

      MANUFACTURING (LIGHT) • 66,550 SF
      10483 General Ave, Jacksonville, FL 32220-2103
      View Details
    • Value Estimation
      $1,290,000
      15,060 SF

      216 Mccargo N St

      MANUFACTURING (LIGHT) • 15,060 SF
      216 Mccargo N St, Jacksonville, FL 32220-2697
      View Details
    • Value Estimation
      $1,635,000
      24,544 SF

      11934 Beaver St

      MANUFACTURING (LIGHT) • 24,544 SF
      11934 Beaver St, Jacksonville, FL 32220-1743
      View Details
    • Value Estimation by Request
      4,352 SF

      108 Halsema N Rd

      MANUFACTURING (LIGHT) • 4,352 SF
      108 Halsema N Rd, Jacksonville, FL 32220-1604
      View Details
    • Value Estimation
      $15,230,000
      132,262 SF

      3830 Presidents Way

      MANUFACTURING (LIGHT) • 132,262 SF
      3830 Presidents Way, Jacksonville, FL 32220-3231
      View Details
    • Value Estimation
      $6,360,000
      146,487 SF

      8202 Beaver St

      MANUFACTURING (LIGHT) • 146,487 SF
      8202 Beaver St, Jacksonville, FL 32220-2381
      View Details

    Similar Nearby for Sale

    • $625,000
      6,500 SF

      Highway 90 Commercial Opportunity

      Highly visible commercial property on Highway 90 in Jacksonville.
      9100 W Beaver St, Jacksonville, FL 32220
      View Details
    • $625,000
      6,500 SF

      Highway 90 Service Garage/Repair

      Highly visible service garage/vehicle repair shop on Highway 90.
      9100 West Beaver St, Jacksonville, FL 32220
      View Details
    • Contact for pricing

      Modern Distribution Facility in Jacksonville

      Class A fulfillment center with excellent access to transportation infrastructure.
      11006 Development Way, Jacksonville, FL 32220
      View Details
    • Contact for pricing

      Class A Fulfillment Center

      Modern distribution facility in South Jacksonville with excellent logistics access.
      11007 Development Way, Jacksonville, FL 32220
      View Details
    • Contact for pricing

      Industrial Facility with Premium Specifications

      270,716 SF industrial facility designed for efficient logistics.
      11015 Development Way, Jacksonville, FL 32220
      View Details
    • $1,200,000

      8 Acres Industrial Land Available

      8 acres of industrial land, ideal for container storage.
      10714 General Ave, Jacksonville, FL 32220
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      500,000 SF

      Modern Warehouse with High Ceilings

      500,000 SF warehouse with customizable space and convenient access.
      514 Addor Ln, Jacksonville, FL 32220
      View Details
    • Contact for pricing

      Jacksonville Warehouse Space Available

      Warehouse space for rent in Jacksonville, Florida.
      7489 Commonwealth Ave, Jacksonville, FL 32220
      View Details
    • Contact for pricing

      Industrial Park Under Construction

      1.75 million sq ft industrial park for lease.
      9980 Pritchard Rd, Jacksonville, FL 32220
      View Details
    • Contact for pricing
      302,200 SF

      Jacksonville Warehouse Space Available

      302,200 sq ft warehouse space for lease.
      2992 Pickettville Rd, Jacksonville, FL 32220
      View Details
    • Contact for pricing
      400,000 SF

      Westside Cross-Dock Distribution Facility

      400,000-SF cross-dock facility near major transportation routes.
      12400 Presidents Ct, Jacksonville, FL 32220
      View Details
    • Contact for pricing

      New Class A Distribution Center

      New industrial distribution center with convenient access to major transportation.
      7489 Commonwealth Ave, Jacksonville, FL 32220
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    109 Halsema S Rd
    Jacksonville, FL 32220-1657
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!