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Property profile & analytics
OFF-MARKET
Estimated value
$47,655,000
Warehouses
4500 Directors Rd, Jacksonville, FL 32220-2863
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1487384
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
STEEL FRAME
Total area
481,210 SF
Lot
120 ac (5,227,283 SF)
Zoning code
PUD
APN
003328-0510
UPID
US18-1487384
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
$49.95M
Comparable Approach
Comparable
$58.10M
Blend (final)
Blend
$47.66M
Owner & transaction history
Cole Bj Portfolio II LLC · 14 yrs held
Cole Bj Portfolio II LLC
since 2011
3 recorded transactions
Zoning & alternative use
PUD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$79.4M
+37.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$54,115,000
6.5%
$49,950,000
7%
$46,385,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$57,770,000
Current use
APARTMENT HOUSE (5+ UNITS)
$79,420,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$47.66M
Range $42.89M – $52.42M · ±10%
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
$99 / 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
$660,975
Tax year 2023
Assessed value
$39,174,100
Assessed 2023
Previous assessed
$32,168,700
+21.8% YoY
Effective rate
1.69%
On assessed value
Assessed land
$14,485,951
Assessed improvement
$24,688,149
Land market value
$14,485,951
Improvement market value
$24,688,149
Total market value
$39,174,100
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
CONVECTION
Cooling
NONE
Buildings
3
Stories
1
Units
6
Rooms
8
Bathrooms
97
Total area
481,210 SF
Lot
120 ac (5,227,283 SF)
Zoning code
PUD
APN
003328-0510
UPID
US18-1487384
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
$57.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$79.4M
WAREHOUSE, STORAGE Current
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
2003
Construction
STEEL FRAME
Heating
CONVECTION
Cooling
Yes
Stories
1
Buildings
3
Units
6
Rooms
8
Bathrooms
97
Lot
120 ac
Current owner
From public records · entity-resolved
Cole Bj Portfolio II LLC
Entity
Free & Clear · 14 yrs held
Mailing address
350 CAMPUS DR, MARLBOROUGH, MA 01752-3082
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2011
$1,041,300
Cole Bj Portfolio II LLC
Bjs Wholesale Club INC
Grant Deed
related
—
Oct 7, 2011
$16,503,000
Cole Bj Portfolio II LLC
Bjs Wholesale Club INC
Grant Deed
—
Mar 1, 2005
$4,000,000
Bjs Wholesale Club INC
Casvak Jacksonville Ltd
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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