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Property profile & analytics
FOR LEASE
Manufacturing properties
3525 Enterprise Way Green Cove Springs, FL 32043
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3467291
For Lease
1 / 8
$4,500,000
3525 Enterprise Way, Green Cove Springs, FL 32043
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Construction
STEEL FRAME
Total area
51,000 SF
Lot
4.56 ac (198,633 SF)
APN
37-06-26-015722-003-15
UPID
US18-3467291
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
-
Ashley Ward Inc Industrial Manufacturer
-
3G Bikes Inc Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.50M
CAP Approach
CAP
$5.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.50M
Owner & transaction history
Green Cove Storage II LLC · 1 yrs held
Green Cove Storage II LLC
since 2024
Last sale
$4.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.9M
+316.9%
Restaurant
$5.9M
+316.8%
Auto repair, garage
$4.2M
+194.6%
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 Green Cove Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Green Cove Springs 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
$4,500,000
ML approach
$4,500,000
CAP Approach
CAP Return
Estimation
6%
$6,005,000
6.5%
$5,545,000
7%
$5,145,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,870,000
Change: +317% · Conversion: Difficult
RESTAURANT
$5,870,000
Change: +317% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,150,000
Change: +195% · Conversion: Easy
RETAIL STORES
$4,090,000
Change: +190% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,085,000
Change: +190% · Conversion: Easy
Blend value · Realmo final
$4.50M
Range $4.05M – $4.95M · ±10% · vs last sale $4.50M (Oct 31 2024)
Last sale anchor
$4.50M
Oct 31 2024
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
$88 / 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
$30,292
Tax year 2023
Assessed value
$1,994,949
Assessed 2023
Previous assessed
$1,994,949
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$273,600
Assessed improvement
$1,721,349
Land market value
$273,600
Improvement market value
$1,721,349
Total market value
$1,994,949
Applied tax rate
1.0000
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
For Lease
Year built
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
2
Rooms
3
Total area
51,000 SF
Lot
4.56 ac (198,633 SF)
APN
37-06-26-015722-003-15
UPID
US18-3467291
Jurisdiction
CLAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$5.9M
RESTAURANT
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RETAIL STORES
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$4.1M
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Rooms
3
Lot
4.56 ac
Current owner
From public records · entity-resolved
Green Cove Storage II LLC
Entity
Mailing address
3644 SILVERY LN, JACKSONVILLE, FL 32217-4227
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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 31, 2024
$4,500,000
Green Cove Storage II LLC
Precision Tek Partners Ltd
Special Warranty Deed
$3,375,000 · Ameris Bank
Aug 23, 2004
$135,600
Precision Tek Partners Ltd
Ward,william H
Warranty Deed
—
Dec 17, 1998
$45,000
Clay County Dev
Slade,thomas H
Grant Deed
—
—
—
Precision Tek Partners Ltd
—
Deed Of Trust
related
$680,000 · Fifth Third Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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