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Property profile & analytics
OFF-MARKET
Estimated value
$18,335,000
Warehouses
1939 Eastwest Pkwy Fleming Island, FL 32003-6350
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-7936680
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2016
Construction
STEEL FRAME
Total area
80,460 SF
Lot
3.51 ac (152,895 SF)
APN
05-05-26-014190-017-01
UPID
US18-7936680
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
by Request
CAP Approach
CAP
$11.48M
Comparable Approach
Comparable
$19.85M
Blend (final)
Blend
$18.34M
Owner & transaction history
Fleming Island Ss LLC · 10 yrs held
Fleming Island Ss LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.4M
+70.4%
Auto repair, garage
$15.2M
+26.8%
Retail stores
$13.3M
+11.5%
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 Fleming Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fleming Island 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,435,000
6.5%
$11,480,000
7%
$10,660,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,950,000
Current use
MEDICAL BUILDING
$20,360,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,150,000
Change: +27% · Conversion: Easy
RETAIL STORES
$13,330,000
Change: +12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$12,890,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,860,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$18.34M
Range $16.50M – $20.17M · ±10%
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
$228 / 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
$102,228
Tax year 2023
Assessed value
$8,000,000
Assessed 2023
Previous assessed
$8,000,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,257,459
Assessed improvement
$6,742,541
Land market value
$1,257,459
Improvement market value
$6,742,541
Total market value
$8,000,000
Applied tax rate
1.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
80,460 SF
Lot
3.51 ac (152,895 SF)
APN
05-05-26-014190-017-01
UPID
US18-7936680
Jurisdiction
CLAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$12.0M
MEDICAL BUILDING
Est. value
$20.4M
AUTO REPAIR, GARAGE
Est. value
$15.2M
RETAIL STORES
Est. value
$13.3M
COMMERCIAL (GENERAL)
Est. value
$12.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.9M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
3.51 ac
Current owner
From public records · entity-resolved
Fleming Island Ss LLC
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
—
Argentic Real Estate Finance LLC
—
Deed
related
$65,000,000 · Wells Fargo Bank NA
Nov 13, 2020
—
Fleming Island Ss LLC
—
Deed
related
$440,960,000 · Jpmorgan Chase Bank NA
Mar 30, 2020
—
Fleming Island Ss LLC
—
Deed
related
$375,000,000 · Keybank USA
Apr 9, 2019
—
Fleming Island Ss LLC
—
Grant Deed
related
$8,736,000 · Keybank/main & Bowe
Oct 2, 2015
$1,176,000
Fleming Island Ss LLC
Island Walk Development INC
Special Warranty Deed
$5,728,704 · Jernigan Capital Operation Partners
Jul 30, 2015
$1,155,000
Island Walk Dev INC
Dfh Johns Landing LLC
Grant Deed
—
—
—
Fleming Island Ss LLC
—
Loan Modification
related
$375,000,000 · Keybank USA
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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