Add Listing
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

    1651 Edgewood Ave W# Jacksonville, FL 32208-3272

    • Warehouses
    • 23,840 SF
    • 2.04 lot acres
    OFF-MARKET
    Value Estimations
    $3,970,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4055729
    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

    • Moving Supplies Showroom at U-Haul Moving & Storage at Edgewood Ave / Big Box & Wholesale Store
    • Self-Storage at U-Haul / Storage Facility
    • Trailer Hitches at U-Haul / Auto Parts Store
    • U-Haul Moving & Storage at Edgewood Ave / Car Rental Facility
    • Trailer Rental at U-Haul / Car Rental Facility

    Property Details for 1651 Edgewood Ave W#

    Year built
    1994
    Construction
    STEEL FRAME
    Lot size
    2.04 lot acres
    Property size
    23,840 SF
    Zone code
    CCG-2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    027013-0015
    APU
    270130015

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,685,000
      6.5%
      $3,400,000
      7%
      $3,160,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,687,000
      Market price range: $1.61M - $4.69M
      AI Estimate
      $3,814,000
      Market price range: $909k - $3.81M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,860,000
      Current use
      COMMERCIAL (GENERAL)
      $6,015,000
      Change: +110% Conversion: Difficult
      MEDICAL BUILDING
      $5,445,000
      Change: +90% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,085,000
      Change: +78% Conversion: Easy
      OFFICE BUILDING
      $4,630,000
      Change: +62% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,935,000
      Change: +37% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,830,000
      Change: +34% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.685
    Latitude
    30.3881
    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
    $0.00
    $248,172
    $2,790,528
    $3,038,700
    -
    $248,172
    $2,790,528
    $3,038,700

    Comparable in this City

    • Value Estimation by Request
      2,270 SF

      7130 Main St, Unit 27-37

      MINI-WAREHOUSE, STORAGE • 2,270 SF
      7130 Main St, Jacksonville, FL 32208-4732
      View Details
    • Value Estimation by Request
      0.25 Acres

      7639 Gainesville Ave

      STORAGE YARD, OPEN STORAGE • 0.25 Acres
      7639 Gainesville Ave, Jacksonville, FL 32208-3231
      View Details
    • Value Estimation by Request
      0.18 Acres

      Rowe Ave

      STORAGE YARD, OPEN STORAGE • 0.18 Acres
      Rowe Ave, Jacksonville, FL 32208
      View Details
    • Value Estimation by Request
      0.11 Acres

      Washington Ave

      STORAGE YARD, OPEN STORAGE • 0.11 Acres
      Washington Ave, Jacksonville, FL 32208
      View Details
    • Value Estimation by Request
      0.12 Acres

      921 Crestwood St

      STORAGE YARD, OPEN STORAGE • 0.12 Acres
      921 Crestwood St, Jacksonville, FL 32208
      View Details
    • Value Estimation by Request
      7,910 SF

      6208 Norwood Ave

      WAREHOUSE, STORAGE • 7,910 SF
      6208 Norwood Ave, Jacksonville, FL 32208
      View Details

    Similar Nearby for Sale

    • $4,000,000
      10,790 SF

      Jacksonville Commercial Property For Sale

      Commercial property in Jacksonville, Florida with multiple suites and parking.
      6822 N Main St, Jacksonville, FL 32208
      View Details
    • New
      $599,000
      6,930 SF

      Jacksonville Warehouse/Distribution Property For Sale

      6,930 SF warehouse/distribution property with CCG-2 zoning in Jacksonville, FL.
      6439 Restlawn Dr, Jacksonville, FL 32208
      View Details
    • $649,000
      2,077 SF

      Turnkey Tire Shop For Sale

      Profitable tire shop with equipment, land, and buildings included.
      9600 Lem Turner Rd, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      0.60 Acres

      Wooded Land Near Main Roads

      Wooded 0.6-acre property near shopping and main roads.
      11Th Ave, Jacksonville, FL 32208
      View Details
    • $60,000
      Pending

      Wooded Lot in Jacksonville, FL

      Half-acre wooded lot in evolving Jacksonville area, ideal for development.
      Edgewood Ave W, Jacksonville, FL 32208
      View Details
    • New
      Contact for pricing
      Pending

      Residential Lot in Jacksonville, FL

      Residential lot ready for construction in a developing area.
      5Th Ave, Jacksonville, FL 32208
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Jacksonville Flex Space For Rent

      7,500 sq ft flex space near I-95.
      1346 Gandy St, Jacksonville, FL 32208
      View Details
    • Contact for pricing

      Warehouse with Outside Storage Available

      35,000 SF warehouse with office and outside storage.
      7660 Gainesville Ave, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      3,161 SF

      Retail Space Near I-95

      Retail space available near I-95 in Jacksonville, Florida.
      5238 Norwood Ave, Jacksonville, FL 32208
      View Details
    • Contact for pricing

      Modern Jacksonville Office Space

      10,000 SF office building in a prime location.
      1725 Oakhurst Ave, Jacksonville, FL 32208
      View Details
    • $1,800 /Mo
      1,383 SF

      2nd Gen Auto Dealership- could be anything!

      Renovated commercial property with high visibility, ideal for medical, professional, auto
      1249 W Edgewood Ave, Jacksonville, FL 32208
      View Details
    • Contact for pricing

      Retail Space in Gateway Center

      Inline retail space in a revitalizing Jacksonville town center.
      5156 Norwood Ave, Jacksonville, FL 32208
      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.
    1651 Edgewood Ave W#
    Jacksonville, FL 32208-3272
    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!