Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1501 Hood Blvd Jacksonville, FL 32254-2044

    • Distribution centers
    • 41,750 SF
    • 2.02 lot acres
    OFF-MARKET
    Last Sale
    Apr 29, 2024
    $3,000,000
    Value Estimations
    $3,000,000
    Show details
    Cap Rate Potential
    9.4%
    Distribution centers
    Location Intelligence
    Property ID
    US18-5450645
    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

    • Iron Mountain / Shredding Service / Business To Business Service

    Property Details for 1501 Hood Blvd

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.02 lot acres
    Property size
    41,750 SF
    Zone code
    IL
    Property type
    Distribution centers
    APN
    050318-0000
    APU
    503180000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,000,000
      ML approach
      $3,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,464,000
      Market price range: $2.46M - $5.57M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,850,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7122
    Latitude
    30.3447
    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
    $14,757
    $175,982
    $803,818
    $979,800
    -
    $175,982
    $803,818
    $979,800

    Comparable in this City

    • Value Estimation
      $1,765,000
      28,655 SF

      723 Scotia Rd

      DISTRIBUTION WAREHOUSE • 28,655 SF
      723 Scotia Rd, Jacksonville, FL 32254-2940
      View Details
    • Value Estimation
      $11,935,000
      148,909 SF

      6740 Broadway Ave

      DISTRIBUTION WAREHOUSE • 148,909 SF
      6740 Broadway Ave, Jacksonville, FL 32254-2775
      View Details
    • Value Estimation
      $11,450,000
      119,647 SF

      1520 Edgewood N Ave

      DISTRIBUTION WAREHOUSE • 119,647 SF
      1520 Edgewood N Ave, Jacksonville, FL 32254-1748
      View Details
    • Value Estimation
      $18,470,000
      161,001 SF

      2240 Ln N Ave

      DISTRIBUTION WAREHOUSE • 161,001 SF
      2240 Ln N Ave, Jacksonville, FL 32254-1539
      View Details
    • Value Estimation by Request
      2,400 SF

      6973 Highway Ave

      Distribution properties • 2,400 SF
      6973 Highway Ave, Jacksonville, FL 32254
      View Details
    • Value Estimation by Request
      7,600 SF

      5387 Pickettville Rd

      Distribution properties • 7,600 SF
      5387 Pickettville Rd, Jacksonville, FL 32254
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      127,033 SF

      Industrial Property with Truck Wash

      127,033 SF industrial building with truck wash for sale.
      1116 Edgewood Ave N, Jacksonville, FL 32254
      View Details
    • $1,495,000
      3.84 Acres

      Jacksonville Land Ideal for Parking

      3.84 acres ideal for truck parking and storage.
      355 Dennard Ave, Jacksonville, FL 32254
      View Details
    • $1,575,000
      12.06 Acres

      2109 Lane Ave

      Land • 12.06 Acres
      2109 Lane Ave, Jacksonville, FL 32254
      View Details
    • $650,000

      Light Industrial Shop For Sale

      Clean, well-maintained 4,500 SF shop suitable for various businesses.
      5044 W Edward St, Jacksonville, FL 32254
      View Details
    • $2,020,800
      22,310 SF

      Jacksonville Commercial Space For Sale

      22,310± SF commercial space in Jacksonville, Florida.
      435 Cassat Ave, Jacksonville, FL 32254
      View Details
    • $2,800,000
      16,074 SF

      Industrial Portfolio with Laydown Yard

      Portfolio of industrial properties with laydown yard for sale.
      2890 Edison Ave, Jacksonville, FL 32254
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      337,729 SF

      Melson Avenue Industrial Space

      Class C Flex/Warehouse, Duval County
      2210 Melson Ave, Jacksonville, FL 32254
      View Details
    • $12 SF/Yr
      8,750 SF

      Lenox Ave Warehouse Suite 2

      Jacksonville Industrial Space Available
      4131 Lenox Ave, Jacksonville, FL 32254
      View Details
    • Contact for pricing
      41,190 SF

      Jacksonville Industrial Distribution Center

      41,190 SF Warehouse, 11.2 Acres
      2600 Lloyd Rd, Jacksonville, FL 32254
      View Details
    • Contact for pricing
      250,800 SF

      Edgewood Logistics Center Space

      Modern Jacksonville warehouse space available.
      2305 Edgewood Ave, Jacksonville, FL 32254
      View Details
    • $6 SF/Yr
      42,800 SF

      Industrial Facility with Ample Warehouse

      42,800 SF industrial space with office and warehouse.
      6600 Suemac Pl, Jacksonville, FL 32254
      View Details
    • Contact for pricing
      553,151 SF

      Jacksonville Warehouse Space Available

      Large industrial warehouse space available for lease in Jacksonville, FL.
      5245 Commonwealth Ave, Jacksonville, FL 32254
      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.
    1501 Hood Blvd
    Jacksonville, FL 32254-2044
    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.