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Property profile & analytics
OFF-MARKET
Estimated value
$6,850,000
Distribution centers
1251 Church St, Jacksonville, FL 32204
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5517761
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,124 SF
Lot
3.14 ac (136,903 SF)
Zoning code
IL
APN
076544-0000
UPID
US18-5517761
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.08M
CAP Approach
CAP
$4.89M
Comparable Approach
Comparable
$5.47M
Blend (final)
Blend
$6.85M
Owner & transaction history
Suddath Properties West Church LLC · 2 yrs held
Suddath Properties West Church LLC
since 2023
Last sale
$6.7M
5 recorded transactions
Zoning & alternative use
IL · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.8M
+119.2%
Auto repair, garage
$10.1M
+104.6%
Office building
$9.2M
+86.3%
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
$6,965,000
ML approach
$7,080,000
CAP Approach
CAP Return
Estimation
6%
$5,300,000
6.5%
$4,890,000
7%
$4,540,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,910,000
Current use
MEDICAL BUILDING
$10,765,000
Change: +119% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,050,000
Change: +105% · Conversion: Easy
OFFICE BUILDING
$9,150,000
Change: +86% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,850,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$8,530,000
Change: +74% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,775,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$6.85M
Range $6.17M – $7.54M · ±10% · vs last sale $6.68M (Oct 2 2023)
Last sale anchor
$6.68M
Oct 2 2023
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
$145 / 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
$2,192,800
Assessed 2023
Previous assessed
$1,196,200
+83.3% YoY
Assessed land
$207,128
Assessed improvement
$1,985,672
Land market value
$207,128
Improvement market value
$1,985,672
Total market value
$2,192,800
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
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
1
Units
10
Rooms
24
Bathrooms
16
Total area
47,124 SF
Lot
3.14 ac (136,903 SF)
Zoning code
IL
APN
076544-0000
UPID
US18-5517761
Jurisdiction
DUVAL
Zoning & alternative use
IL · Jacksonville, FL
Zoning IL · permitted uses
IL · 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
$4.9M
MEDICAL BUILDING
Est. value
$10.8M
AUTO REPAIR, GARAGE
Est. value
$10.1M
OFFICE BUILDING
Est. value
$9.2M
COMMERCIAL (GENERAL)
Est. value
$8.9M
RETAIL STORES
Est. value
$8.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
10
Rooms
24
Bathrooms
16
Lot
3.14 ac
Current owner
From public records · entity-resolved
Suddath Properties West Church LLC
Entity
Free & Clear · 2 yrs held
Mailing address
815 S MAIN ST, JACKSONVILLE, FL 32207-9050
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2023
$6,677,700
Suddath Properties West Church LLC
Mbre Of Jax LLC
Warranty Deed
—
Oct 2, 2023
—
Suddath Properties West Church LLC
Mbre Of Jax LLC
Quit Claim Deed
related
—
Aug 3, 2022
$8,627,400
Mbre Of Jax LLC
Load King Manufacturing Co
Quit Claim Deed
related
—
Mar 12, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
$6,400,000 · Big Brother Bail Bonds
—
—
Load King Manufacturing Co
—
Deed Of Trust
related
$3,081,000 · Fifth Third Bk
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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