New search
Property profile & analytics
OFF-MARKET
Estimated value
$15,435,000
Warehouses
340 Myrtle Ave, Jacksonville, FL 32204-2185
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7381077
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
STEEL FRAME
Total area
91,600 SF
Lot
0.73 ac (31,980 SF)
Zoning code
CCBD
APN
089565-0000
UPID
US18-7381077
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
-
Extra Space Storage Storage Facility
-
Remodeling Drywall & painting Solutions Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.22M
CAP Approach
CAP
$13.07M
Comparable Approach
Comparable
$13.54M
Blend (final)
Blend
$15.44M
Owner & transaction history
Extra Space Of Myrtle LLC · 4 yrs held
Extra Space Of Myrtle LLC
since 2021
Last sale
$20.1M
4 recorded transactions
Zoning & alternative use
CCBD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.9M
+119.2%
Auto repair, garage
$19.5M
+104.6%
Office building
$17.8M
+86.3%
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
$10,215,000
CAP Approach
CAP Return
Estimation
6%
$14,160,000
6.5%
$13,070,000
7%
$12,135,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,550,000
Current use
MEDICAL BUILDING
$20,930,000
Change: +119% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,535,000
Change: +105% · Conversion: Easy
OFFICE BUILDING
$17,785,000
Change: +86% · Conversion: Difficult
COMMERCIAL (GENERAL)
$17,200,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$16,580,000
Change: +74% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$15,120,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$15.44M
Range $13.89M – $16.98M · ±10% · vs last sale $20.10M (Oct 18 2021)
Last sale anchor
$20.10M
Oct 18 2021
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
$169 / 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
$178,800
Tax year 2023
Assessed value
$10,532,000
Assessed 2023
Previous assessed
$8,719,500
+20.8% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,056,966
Assessed improvement
$9,475,034
Land market value
$1,056,966
Improvement market value
$9,475,034
Total market value
$10,532,000
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
5
Rooms
678
Bathrooms
12
Total area
91,600 SF
Lot
0.73 ac (31,980 SF)
Zoning code
CCBD
APN
089565-0000
UPID
US18-7381077
Jurisdiction
DUVAL
Zoning & alternative use
CCBD · Jacksonville, FL
Zoning CCBD · permitted uses
CCBD · 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
$9.6M
MEDICAL BUILDING
Est. value
$20.9M
AUTO REPAIR, GARAGE
Est. value
$19.5M
OFFICE BUILDING
Est. value
$17.8M
COMMERCIAL (GENERAL)
Est. value
$17.2M
RETAIL STORES
Est. value
$16.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
5
Rooms
678
Bathrooms
12
Lot
0.73 ac
Current owner
From public records · entity-resolved
Extra Space Of Myrtle LLC
Entity
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Oct 18, 2021
$20,100,000
Extra Space Of Myrtle LLC
Ip Nuvo Jacksonville LLC
Special Warranty Deed
—
Nov 13, 2017
—
Ip Nuvo Jacksonville LLC
—
Deed
related
$5,683,570 · Access Bank
May 31, 2017
$1,000,000
Ip Nuvo Jacksonville LLC
Kirby,joyce G
Grant Deed
—
Dec 28, 1998
$5,000
Joyce G Kirby
Kirby,william G
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 340 Myrtle Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
