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Property profile & analytics
OFF-MARKET
Estimated value
$21,060,000
Distribution centers
4259 Perimeter Industrial W Pkwy, Jacksonville, FL 32219
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7662857
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2022
Construction
CONCRETE
Total area
168,000 SF
Lot
10.47 ac (456,243 SF)
Zoning code
PUD
APN
003528-0580
UPID
US18-7662857
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.44M
Comparable Approach
Comparable
$24.88M
Blend (final)
Blend
$21.06M
Owner & transaction history
Jacksonville Royce LLC · 3 yrs held
Jacksonville Royce LLC
since 2023
Last sale
$20.7M
7 recorded transactions
Zoning & alternative use
PUD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$32.6M
+78.9%
Retail stores
$30.4M
+66.8%
Apartment house (5+ units)
$27.7M
+52.1%
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
$21,590,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,890,000
6.5%
$17,440,000
7%
$16,195,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,235,000
Current use
OFFICE BUILDING
$32,620,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$30,415,000
Change: +67% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$27,725,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$21.06M
Range $18.95M – $23.17M · ±10% · vs last sale $20.70M (Feb 28 2023)
Last sale anchor
$20.70M
Feb 28 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
$125 / 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
$312,310
Tax year 2023
Assessed value
$16,987,000
Assessed 2023
Previous assessed
$1,027,145
+1,553.8% YoY
Effective rate
1.84%
On assessed value
Assessed land
$1,369,527
Assessed improvement
$15,617,473
Land market value
$1,369,527
Improvement market value
$15,617,473
Total market value
$16,987,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2022
Construction
CONCRETE
Heating
CONVECTION
Cooling
NONE
Stories
1
Total area
168,000 SF
Lot
10.47 ac (456,243 SF)
Zoning code
PUD
APN
003528-0580
UPID
US18-7662857
Jurisdiction
DUVAL
Zoning & alternative use
PUD · Jacksonville, FL
Zoning PUD · permitted uses
PUD · 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
$18.2M
OFFICE BUILDING
Est. value
$32.6M
RETAIL STORES
Est. value
$30.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$27.7M
WAREHOUSE, STORAGE Current
OFFICE 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
2022
Construction
CONCRETE
Heating
CONVECTION
Cooling
Yes
Stories
1
Lot
10.47 ac
Current owner
From public records · entity-resolved
Jacksonville Royce LLC
Entity
Mailing address
495 UPPR GRASSY HL RD, WOODBURY, CT 06798-3105
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
$20,700,000
Jacksonville Royce LLC
Rp Perimeter West Two LLC
Special Warranty Deed
$10,400,000 · United Of Omaha Life Insurance Comp
Jun 6, 2022
$1,700,000
Rp Perimeter West Two LLC
Rp Perimeter West LLC
Special Warranty Deed
—
Oct 24, 2018
$2,925,000
Rp Perimeter West LLC
Perimeter West Associates LLC
Grant Deed
—
Jun 13, 2011
—
Perimeter West Associates LLC
—
Deed Of Trust
related
$70,500,000 · Wells Fargo Bank
Sep 26, 2007
—
Perimeter West Associates LLC
Tcc North Florida Dev 1 INC
Quit Claim Deed
related
—
Apr 16, 2007
—
Owner Name Unavailable
Tcc North Florida Dev 1 INC
Quit Claim Deed
related
—
Feb 28, 2007
$7,688,700
Tcc North Florida Dev 1 INC
Pizzuti Land LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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