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    243 Lane Ave North Jacksonville, FL 32254
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    Property profile & analytics

    243 Lane Ave North, Jacksonville, FL 32254

    View on Map
    • Distribution centers
    • 102,736 SF
    • 5.16 lot acres
    For Lease
    $6,400,000
    View Listing →
    Industrial Space in Jacksonville For Lease
    $6,400,000
    95,905 SF

    Industrial Space in Jacksonville

    95,905 SF industrial space ideal for warehousing and distribution.

    243 Lane Avenue North, Jacksonville, FL 32254
    View Listing
    Property ID
    US18-3927273
    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.
    Value Estimations
    $6,400,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Builders FirstSource / Building Supply / Industrial Manufacturer
    • Building Materials & Construction Solutions / Building Supply / Industrial Manufacturer
    • Builders First Sourse / Building Supply / Hardware & Home Improvement

    Property Details for 243 Lane Ave North

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.16 lot acres
    Zone code
    IL
    Property type
    Distribution centers
    APN
    005147-0000
    APU
    51470000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 19, 2026 — V33 Holding Corp — Deed · related $2.9M · United Community Bank
    Feb 17, 2026 $7,000,000 V33 Holding Corp North Lane Holdings LLC Special Warranty Deed $3.6M · United Community Bank
    Aug 3, 2022 $4,750,000 North Lane Holdings LLC 243 North Lane Corporation Special Warranty Deed $3.2M · Synovus Bank
    Nov 1, 2005 — 243 North Lane Corp Reynolds & Reynolds Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,980,000
      ML approach
      $4,210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,141,000
      Market price range: $6.06M - $13.7M
      AI Estimate
      $4,794,000
      Market price range: $2.39M - $11.5M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $9,470,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7511
    Latitude
    30.3265
    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
    $73,709
    $561,925
    $3,323,975
    $3,885,900
    -
    $561,925
    $3,323,975
    $3,885,900

    Comparable in this City

    • Value Estimation
      $5,630,000
      70,251 SF

      834 Ln N Ave

      DISTRIBUTION WAREHOUSE
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      View Details
    • Value Estimation
      $4,335,000
      83,024 SF

      302 Ln N Ave

      DISTRIBUTION WAREHOUSE
      302 Ln N Ave, Jacksonville, FL 32254-2817
      View Details
    • Value Estimation
      $16,640,000
      187,446 SF

      6674 Commonwealth Ave

      DISTRIBUTION WAREHOUSE
      6674 Commonwealth Ave, Jacksonville, FL 32254-2218
      View Details
    • Value Estimation
      $7,175,000
      142,105 SF

      1030 Ellis N Rd

      DISTRIBUTION WAREHOUSE
      1030 Ellis N Rd, Jacksonville, FL 32254-2250
      View Details
    • Value Estimation
      $9,515,000
      118,325 SF

      2000 Lewis Industrial Dr

      DISTRIBUTION WAREHOUSE
      2000 Lewis Industrial Dr, Jacksonville, FL 32254-1659
      View Details
    • Value Estimation
      $2,530,000
      46,615 SF

      570 Henderson Rd

      DISTRIBUTION WAREHOUSE
      570 Henderson Rd, Jacksonville, FL 32254-3515
      View Details

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      Jacksonville Warehouse with Hangar Style

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      Stabilized Industrial Property in Jacksonville

      Fully leased industrial asset in active commercial corridor.
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      Jacksonville Land Ideal Truck Parking

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      127,033 SF

      Industrial Property with Truck Wash

      127,033 SF industrial building with truck wash for sale.
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    • $1,400,000
      4.42 Acres

      Jacksonville Land Ideal Truck Parking

      4.42 acres, IL zoning allows truck parking, storage.
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      16,074 SF

      Industrial Portfolio with Laydown Yard

      Portfolio of industrial properties with laydown yard for sale.
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    Similar Nearby for Lease

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      Industrial Building with Modern Upgrades

      Distribution building with planned Class A upgrades and flexible configurations.
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      95,905 SF

      Industrial Space in Jacksonville

      95,905 SF industrial space ideal for warehousing and distribution.
      243 Lane Ave North, Jacksonville, FL 32254
      View Details
    • Contact for pricing
      206,190 SF

      Expansive Warehouse Facility in Jacksonville

      206,190 SF warehouse with flexible space and prime access.
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      154,800 SF

      Jacksonville Logistics Center Warehouse Space

      Institutional quality warehouse space in Jacksonville's Westside submarket.
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      50,000 SF

      50,000 SF Jacksonville Warehouse

      50,000 SF warehouse with rail doors in Jacksonville, FL.
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      74,150 SF

      Westside Warehouse Space Available

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      View Details
    View Listing
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    Jacksonville, FL 32254
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    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
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