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Property profile & analytics
OFF-MARKET
Estimated value
$8,325,000
Distribution centers
11660 Central Pkwy, Jacksonville, FL 32224-2634
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1760806
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
65,806 SF
Lot
5.97 ac (259,922 SF)
Zoning code
IBP
APN
165425-3010
UPID
US18-1760806
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
-
Economic Group Pension Services (EGPS) Financial Advisor
-
RXO Postal Service Courier Service
-
Store 51 Furniture & Home Goods Home Decor Store
-
RoomCraft Department Store
-
Pencor Inc Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.33M
CAP Approach
CAP
$6.83M
Comparable Approach
Comparable
$7.81M
Blend (final)
Blend
$8.33M
Owner & transaction history
Frg X Ap Fl LP · 2 yrs held
Frg X Ap Fl LP
since 2024
Last sale
$8.3M
7 recorded transactions
Zoning & alternative use
IBP · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$11.9M
+50.8%
Apartment house (5+ units)
$10.9M
+37.5%
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
$8,325,000
ML approach
$8,325,000
CAP Approach
CAP Return
Estimation
6%
$7,400,000
6.5%
$6,830,000
7%
$6,345,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,900,000
Current use
RETAIL STORES
$11,915,000
Change: +51% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$10,860,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$8.33M
Range $7.49M – $9.16M · ±10% · vs last sale $8.33M (Feb 29 2024)
Last sale anchor
$8.33M
Feb 29 2024
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
$127 / 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
Tax billed
$125,941
Tax year 2023
Assessed value
$6,894,200
Assessed 2023
Previous assessed
$6,894,200
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$939,914
Assessed improvement
$5,954,286
Land market value
$939,914
Improvement market value
$5,954,286
Total market value
$6,894,200
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Cooling
AC.PACKAGE
Stories
1
Units
3
Rooms
3
Bathrooms
4
Total area
65,806 SF
Lot
5.97 ac (259,922 SF)
Zoning code
IBP
APN
165425-3010
UPID
US18-1760806
Jurisdiction
DUVAL
Zoning & alternative use
IBP · Jacksonville, FL
Zoning IBP · permitted uses
IBP · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.9M
RETAIL STORES
Est. value
$11.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.9M
WAREHOUSE, STORAGE Current
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Cooling
Yes
Stories
1
Units
3
Rooms
3
Bathrooms
4
Lot
5.97 ac
Current owner
From public records · entity-resolved
Frg X Ap Fl LP
Entity
Mailing address
111 RIV ST #1010, HOBOKEN, NJ 07030-5773
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
—
Frg X Ap Fl LP
Frg X Fl2 LP
Intrafamily Transfer
related
$112,500,000 · Athene Annuity And Life Company
Jan 11, 2022
$8,325,000
Frg X Fl2 LP
Murali Holdings LLC
Special Warranty Deed
—
Jun 28, 2013
$2,000,000
Murali Holdings LLC
Central Parkway LLC
Grant Deed
$1,110,000 · Bank Of America
Jun 13, 2008
—
11660 Central Parkway LLC
Gomes Gloria S Trust
Warranty Deed
—
Oct 19, 2007
—
Gomes Gloria S Trust
Gomes,gloria S
Quit Claim Deed
related
—
Mar 23, 2007
—
Gloria S Gomes
Gomes Roy A
Quit Claim Deed
related
—
Mar 15, 2007
—
Gloria S Gomes
Gomes Roy A
Quit Claim Deed
related
—
Nov 14, 2006
$1,250,000
Roy A Gomes
Gomes,kenneth E
Warranty Deed
related
—
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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