4910 Bulls Bay Hwy Jacksonville, FL 32219-3235
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Estimated value (blended)
$13.80M
Range $12.42M – $15.18M (±10%)
Implied cap rate
5.90%
In-place · NOI ÷ last sale
Property ID
US18-3059493
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
120,701 SF
Lot
7.24 ac (315,349 SF)
Zoning code
PUD
APN
003423-0710
UPID
US18-3059493
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Industrial Manufacturer Production Facility
-
Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.87M
CAP Approach
CAP
$12.53M
Comparable Approach
Comparable
$13.06M
Blend (final)
Blend
$13.80M
Owner & transaction history
since 2021
Last sale
$12.7M
4 recorded transactions
Zoning & alternative use
PUD · Jacksonville, FL
Zoning description
or other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of…
General category
PLANNED_DEVELOPMENT
Top alternative use upside
Apartment house (5+ units)
$19.9M
+52.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$13.80M
Value range
$12.42M – $15.18M
±10% around blend
Estimated value / SF
$114 / SF
Confidence
None
1 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
10
$12.42M
blend $13.80M
$15.18M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
120,701 SF
Lot area
7.24 ac
Year built
1993
Stories
1
APN
003423-0710
Assessed value
$8,873,500
Annual tax
$156,146
3
Income approach: direct capitalization
Partial preview
Income approach indication
$12.53M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$13.58M
@ 6.5% CAP return
$12.53M
@ 7% CAP return
$11.64M
4
Sales comparison
Partial preview
Sales approach indication
$13.06M
Weighted, 0 comps · none confidence
Evidence
1 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$13.80M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 26 sales
$109
+5%
Submarket 491 sales
$120
-5%
County 487 sales
$120
-4%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $114/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+52%
vs current-use indication
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 1 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
5.90%
Implied, in-place cap rate for this distribution centers
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.90%
9.0%
NOI (est.)
$889k *
Last sale · Aug 2021
$12.70M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$15.07M
Move the market yield to see immediate price impact.
Value / SF
$125
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.40%5.90%6.40%
$800k
$14.82M
$13.56M
$12.50M
$889k
$16.46M
$15.07M
$13.89M
$978k
$18.11M
$16.57M
$15.28M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
1 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$156,146
Tax year 2023
Assessed value
$8,873,500
Assessed 2023
Previous assessed
$7,458,000
+19.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$946,122
Assessed improvement
$7,927,378
Land market value
$946,122
Improvement market value
$7,927,378
Total market value
$8,873,500
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
NONE
Stories
1
Rooms
4
Bathrooms
35
Total area
120,701 SF
Lot
7.24 ac (315,349 SF)
Zoning code
PUD
APN
003423-0710
UPID
US18-3059493
Jurisdiction
DUVAL
Zoning & alternative use
PUD · Jacksonville, FLZoning PUD · permitted uses
PUD · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
or other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of…
General category
PLANNED_DEVELOPMENT
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
35
Lot
7.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PUD
PLANNED_DEVELOPMENT
Jurisdiction
Jacksonville, FL
Recorded code
PUD
Official district
PUD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PUD in Jacksonville, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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