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Property profile & analytics
OFF-MARKET
Estimated value
$14,975,000
Distribution centers
2700 Powers Ave, Jacksonville, FL 32207-8006
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7329256
Property summary
AI-generated overview
This exceptional 85,000-square-foot industrial warehouse, built in 2021, is situated at 2700 Powers Ave in Jacksonville, Florida, zip code 32207. Currently, 59,500 square feet of space is immediately available for lease, offering a significant opportunity for businesses seeking a modern and efficient distribution center. The property boasts a 28-foot ceiling height, providing ample vertical storage capacity. Access is facilitated by 17 dock-high doors and 2 drive-in doors, ensuring smooth and efficient loading and unloading operations. The expansive 7.8 acres of land provide significant outdoor storage capacity, a unique advantage in this area. The property is zoned IBP, making it suitable for a variety of industrial uses. Its location in the heart of Jacksonville's Southside offers unparalleled access to a substantial consumer base
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
85,000 SF
Lot
7.8 ac (339,843 SF)
Zoning code
IBP
APN
147827-0000
UPID
US18-7329256
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
-
Veho Warehouse & Storage
-
Zen Body & Skin Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.24M
Blend (final)
Blend
$14.98M
Owner & transaction history
Nbpiv Powers LLC · 2 yrs held
Nbpiv Powers LLC
since 2023
Last sale
$15.0M
5 recorded transactions
Zoning & alternative use
IBP · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$19.4M
+106.0%
Neighborhood: shopping center
$18.7M
+98.2%
Auto repair, garage
$18.1M
+92.2%
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
$15,645,000
ML approach
$10,615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,430,000
Current use
MEDICAL BUILDING
$19,420,000
Change: +106% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,695,000
Change: +98% · Conversion: Moderate
AUTO REPAIR, GARAGE
$18,125,000
Change: +92% · Conversion: Easy
RETAIL STORES
$15,390,000
Change: +63% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$14,030,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$14.98M
Range $13.48M – $16.47M · ±10% · vs last sale $15.00M (Jul 12 2023)
Last sale anchor
$15.00M
Jul 12 2023
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
$176 / 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
$155,964
Tax year 2023
Assessed value
$8,471,800
Assessed 2023
Previous assessed
$925,200
+815.7% YoY
Effective rate
1.84%
On assessed value
Assessed land
$925,200
Assessed improvement
$7,546,600
Land market value
$925,200
Improvement market value
$7,546,600
Total market value
$8,471,800
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
NONE
Stories
1
Total area
85,000 SF
Lot
7.8 ac (339,843 SF)
Zoning code
IBP
APN
147827-0000
UPID
US18-7329256
Jurisdiction
DUVAL
Zoning & alternative use
IBP · Jacksonville, FL
Zoning IBP · permitted uses
IBP · 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
$9.4M
MEDICAL BUILDING
Est. value
$19.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.7M
AUTO REPAIR, GARAGE
Est. value
$18.1M
RETAIL STORES
Est. value
$15.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.0M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
Yes
Stories
1
Lot
7.8 ac
Current owner
From public records · entity-resolved
Nbpiv Powers LLC
Entity
Free & Clear · 2 yrs held
Mailing address
401 EDGEWATER PL STE #265, WAKEFIELD, MA 01880-6241
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2023
—
Nbpiv Powers LLC
—
Deed
related
$18,000,000 · Rga Reinsurance Company
Jul 12, 2023
$150,000
Nbpiv Powers LLC
Scannell Properties 458 LLC
Special Warranty Deed
—
Dec 1, 2020
—
Scannell Properties 458 LLC
—
Deed
related
$5,545,000 · Busey Bank
Sep 18, 2020
—
Scannell Properties 458 LLC
Charles Wes Bostwick
Quit Claim Deed
related
—
Sep 18, 2020
$7,644
Scannell Properties 458 LLC
William M Bostwick
Grant Deed
—
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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