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Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Warehouses
3700 Southside Blvd 2, Jacksonville, FL 32216-4638
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5372457
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,080 SF
Lot
2.22 ac (96,761 SF)
Zoning code
CCG-1
APN
124905-0000
UPID
US18-5372457
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
-
CubeSmart Self Storage Storage Facility
-
j medina painting inc. Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.51M
CAP Approach
CAP
$1.73M
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$2.34M
Owner & transaction history
Mhc 96 Fort Myers Fl LLC · 4 yrs held
Mhc 96 Fort Myers Fl LLC
since 2021
Last sale
$2.2M
4 recorded transactions
Zoning & alternative use
CCG-1 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+110.1%
Auto repair, garage
$2.6M
+77.6%
Office building
$2.5M
+72.4%
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
$2,395,000
ML approach
$2,510,000
CAP Approach
CAP Return
Estimation
6%
$1,865,000
6.5%
$1,725,000
7%
$1,600,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,450,000
Current use
COMMERCIAL (GENERAL)
$3,045,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,575,000
Change: +78% · Conversion: Easy
OFFICE BUILDING
$2,500,000
Change: +72% · Conversion: Difficult
MEDICAL BUILDING
$2,390,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$2,185,000
Change: +51% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,995,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±10% · vs last sale $2.21M (Aug 31 2021)
Last sale anchor
$2.21M
Aug 31 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
$194 / 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
Assessed value
$3,439,100
Assessed 2023
Previous assessed
$1,886,600
+82.3% YoY
Assessed land
$839,840
Assessed improvement
$2,599,260
Land market value
$839,840
Improvement market value
$2,599,260
Total market value
$3,439,100
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
60
Rooms
381
Bathrooms
9
Total area
12,080 SF
Lot
2.22 ac (96,761 SF)
Zoning code
CCG-1
APN
124905-0000
UPID
US18-5372457
Jurisdiction
DUVAL
Zoning & alternative use
CCG-1 · Jacksonville, FL
Zoning CCG-1 · permitted uses
CCG-1 · 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
$1.5M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL 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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
60
Rooms
381
Bathrooms
9
Lot
2.22 ac
Current owner
From public records · entity-resolved
Mhc 96 Fort Myers Fl LLC
Entity
Mailing address
41 FLATBUSH AVE STE 3C, BROOKLYN, NY 11217-1145
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 31, 2022
—
Mhc 96 Fort Myers Fl LLC
—
Deed
related
$170,000,000 · Bank Of America NA
Aug 31, 2021
$2,205,000
Mhc 96 Fort Myers Fl LLC
Southside Warehouse INC
Special Warranty Deed
$18,790,000 · Jpmorgan Chase Bank NA
Jan 13, 1997
$1,000,000
Southside Warehouse INC
Southside Blvd Mini-warehouse
Grant Deed
related
$1,000,000 · Enterprise National Bank
—
—
Southside Warehouse INC
—
Deed Of Trust
related
$94,265 · Compass 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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