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    Property profile & analytics

    10920 New Kings Rd Jacksonville, FL 32219

    • Warehouses
    • 371,510 SF
    • 25.22 lot acres
    OFF-MARKET
    Value Estimations
    $35,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6069014
    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 10920 New Kings Rd

    Year built
    2019
    Construction
    CONCRETE
    Lot size
    25.22 lot acres
    Property size
    371,510 SF
    Zone code
    IBP
    Property type
    Warehouses
    APN
    003775-0110
    APU
    37750110

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $41,780,000
      6.5%
      $38,565,000
      7%
      $35,810,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $46,064,000
      Market price range: $25.1M - $55.0M
      AI Estimate
      $21,224,000
      Market price range: $1.48M - $39.4M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $40,325,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7612
    Latitude
    30.4317
    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
    $526,658
    $3,256,545
    $28,047,255
    $31,303,800
    -
    $3,256,545
    $28,047,255
    $31,303,800

    Comparable in this City

    • Value Estimation
      $44,990,000
      485,963 SF

      9950 Pritchard Rd

      WAREHOUSE, STORAGE • 485,963 SF
      9950 Pritchard Rd, Jacksonville, FL 32219
      View Details
    • Value Estimation
      $24,690,000
      246,782 SF

      8001 Forshee Dr

      WAREHOUSE, STORAGE • 246,782 SF
      8001 Forshee Dr, Jacksonville, FL 32219-5338
      View Details
    • Value Estimation by Request
      45,000 SF

      11431 New Kings Rd

      Distribution properties • 45,000 SF
      11431 New Kings Rd, Jacksonville, FL 32219
      View Details
    • Value Estimation
      $780,000
      6,144 SF

      6300 Sportsman Clb Rd

      WAREHOUSE, STORAGE • 6,144 SF
      6300 Sportsman Clb Rd, Jacksonville, FL 32219-3395
      View Details
    • Value Estimation
      $34,615,000
      545,785 SF

      9767 Pritchard Rd

      WAREHOUSE, STORAGE • 545,785 SF
      9767 Pritchard Rd, Jacksonville, FL 32219-3909
      View Details
    • Value Estimation by Request
      7,696 SF

      6919 Pitts Rd

      STORAGE YARD, OPEN STORAGE • 7,696 SF
      6919 Pitts Rd, Jacksonville, FL 32219-2423
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,062 SF

      Flex Warehouse Space Available

      17,062 sqft flex warehouse space for sale.
      10220 New Kings Rd, Jacksonville, FL 32219
      View Details
    • $2,200,000
      4,094 SF

      Industrial Land with Storage Buildings

      2.8 acres of industrial land with storage/office buildings.
      6608 Old Kings Rd, Jacksonville, FL 32219
      View Details
    • $199,000
      3.24 Acres

      Equestrian Community Land Parcel

      Undeveloped 3.25-acre lot in Jacksonville Ranch Club.
      11018 Derby Chase Ct, Jacksonville, FL 32219
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    • $1,300,000

      Industrial Land at Signalized Intersection

      17.97 acres of light industrial land for sale.
      Imeson Rd, Jacksonville, FL 32219
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    • New
      $50,000
      10.94 Acres

      Waterfront Land Near Trout River

      Land with creek frontage near Trout River and I-295.
      Wagner Rd, Jacksonville, FL 32219
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space in Westside Park

      Industrial property for lease in Northeast Florida's largest park.
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    • Contact for pricing
      42,190 SF

      New Jacksonville Industrial Space Available

      42,190± SF industrial space in master-planned business park.
      3750 Cisco Dr W, Jacksonville, FL 32219
      View Details
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      18,240 SF

      Jacksonville Industrial Facility with Office

      18,240± SF industrial facility with office space for lease.
      7585 Sportsman Club Rd, Jacksonville, FL 32219
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    • Contact for pricing
      56,040 SF

      Industrial Space with 32' Clearance

      Warehouse/distribution space featuring 32' minimum clear height and ESFR.
      8215 Westside Industrial Dr, Jacksonville, FL 32219
      View Details
    • Contact for pricing
      295,100 SF

      Industrial Space For Lease

      295,100 SF industrial space available for lease.
      4601 Bulls Bay Hwy, Jacksonville, FL 32219
      View Details
    • Contact for pricing
      192,924 SF

      Jacksonville Warehouse and Distribution Space

      Multimodal location with proximity to major interstates and logistics infrastructure.
      9391 Pritchard Rd, Jacksonville, FL 32219
      View Details
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    10920 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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