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Property profile & analytics
OFF-MARKET
Estimated value
$60,780,000
Warehouses
2300 Pickettville Rd Jacksonville, FL 32220-2468
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-7128114
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
CONCRETE
Total area
598,587 SF
Lot
38.14 ac (1,661,318 SF)
Zoning code
IL
APN
004880-0500
UPID
US18-7128114
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
-
Dr Pepper Snapple Distribution Center Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$62.14M
Comparable Approach
Comparable
$62.16M
Blend (final)
Blend
$60.78M
Owner & transaction history
Exeter 2300 Pickettville LLC
Exeter 2300 Pickettville LLC
since 2025
Last sale
$60.7M
6 recorded transactions
Zoning & alternative use
IL · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$98.8M
+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
$58,200,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$67,315,000
6.5%
$62,135,000
7%
$57,700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$71,860,000
Current use
APARTMENT HOUSE (5+ UNITS)
$98,790,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$60.78M
Range $54.70M – $66.86M · ±10% · vs last sale $60.70M (Jul 31 2025)
Last sale anchor
$60.70M
Jul 31 2025
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
$102 / 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
$752,402
Tax year 2023
Assessed value
$41,917,900
Assessed 2023
Previous assessed
$41,917,900
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$4,438,857
Assessed improvement
$37,479,043
Land market value
$4,438,857
Improvement market value
$37,479,043
Total market value
$41,917,900
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
CONVECTION
Cooling
NONE
Buildings
2
Stories
1
Units
6
Rooms
7
Bathrooms
28
Total area
598,587 SF
Lot
38.14 ac (1,661,318 SF)
Zoning code
IL
APN
004880-0500
UPID
US18-7128114
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
$71.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$98.8M
WAREHOUSE, STORAGE Current
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
2009
Construction
CONCRETE
Heating
CONVECTION
Cooling
Yes
Stories
1
Buildings
2
Units
6
Rooms
7
Bathrooms
28
Lot
38.14 ac
Current owner
From public records · entity-resolved
Exeter 2300 Pickettville LLC
Entity
Mailing address
3000 TURTLE CRK BLVD, DALLAS, TX 75219-6268
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2025
$60,700,000
Exeter 2300 Pickettville LLC
Usicv 2300 Pickettville INC
Special Warranty Deed
$550,000,000 · Bmo Bank NA
Sep 5, 2023
$51,646,900
Usica 2300 Pickettville INC
2300 Pickettville Industrial LLC
Special Warranty Deed
$50,000,000 · The Lincoln National Life Insurance Co
Sep 5, 2023
—
2300 Pickettcville Industrial LLC
—
Deed
related
$50,000,000 · The Lincoln National Life Insurance Co
Mar 13, 2019
$50,400,000
2300 Pickettville Indl LLC
RT West Point Jax LLC
Grant Deed
—
Oct 23, 2018
—
RT West Point Jax LLC
—
Deed
related
$26,618,000 · Ofek Grp La Lns Two
—
—
RT West Point Jax LLC
—
Deed Of Trust
related
$26,618,000 · Ofek Grp La Lns Two
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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