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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Manufacturing properties
233 Tresca Rd, Jacksonville, FL 32225-6559
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-3897735
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1973
Construction
STEEL FRAME
Total area
9,404 SF
Lot
6.05 ac (263,453 SF)
Zoning code
IL
APN
162983-0010
UPID
US18-3897735
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
-
PLYWOOD FANERA-BAZAR Building Supply Big Box & Wholesale Store
-
Maximus Undercarriage Building Supply Industrial Manufacturer
-
Atlantic Freight Inc Trucking Company
-
Exterior Decor Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.43M
Owner & transaction history
Cortez Pointe INC · 9 yrs held
Cortez Pointe INC
since 2016
4 recorded transactions
Zoning & alternative use
IL · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+173.8%
Medical building
$2.2M
+148.0%
Auto repair, garage
$2.0M
+131.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$950,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$865,000
Current use
COMMERCIAL (GENERAL)
$2,370,000
Change: +174% · Conversion: Difficult
MEDICAL BUILDING
$2,150,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,005,000
Change: +131% · Conversion: Easy
OFFICE BUILDING
$1,825,000
Change: +111% · Conversion: Difficult
RETAIL STORES
$1,700,000
Change: +96% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,550,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$152 / 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
$27,686
Tax year 2023
Assessed value
$1,288,817
Assessed 2023
Previous assessed
$1,218,408
+5.8% YoY
Effective rate
2.15%
On assessed value
Assessed land
$675,180
Assessed improvement
$613,637
Land market value
$675,180
Improvement market value
$613,637
Total market value
$1,288,817
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
3
Rooms
6
Bathrooms
13
Total area
9,404 SF
Lot
6.05 ac (263,453 SF)
Zoning code
IL
APN
162983-0010
UPID
US18-3897735
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
INDUSTRIAL (GENERAL) Current
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Rooms
6
Bathrooms
13
Lot
6.05 ac
Current owner
From public records · entity-resolved
Cortez Pointe INC
Entity
Free & Clear · 9 yrs held
Mailing address
233 TRESCA RD, JACKSONVILLE, FL 32225-6559
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2016
$92,500
Cortez Pointe INC
Bajraktari,gjet & Nadejda
Warranty Deed
—
Aug 17, 2012
—
Tresca Properties INC
Strickland James K
Grant Deed
related
—
Jul 6, 2012
$850,000
Tresca Properties INC
Strickland James K
Grant Deed
$785,000 · James K Strickland
Oct 14, 2003
$301,143
Mulch Masters INC
Strickland,james K
Grant Deed
$420,000 · First National Bank Nw Florida
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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