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Property profile & analytics
OFF-MARKET
Estimated value
$21,365,000
Distribution centers
4925 Bulls Bay Hwy Jacksonville, FL 32219-3250
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-3306296
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
196,160 SF
Lot
13.35 ac (581,326 SF)
Zoning code
PUD
APN
003305-0500
UPID
US18-3306296
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
-
Southeastern Aluminum Products Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.36M
Comparable Approach
Comparable
$22.90M
Blend (final)
Blend
$21.37M
Owner & transaction history
Trea Bulls Bay LLC
Trea Bulls Bay LLC
since 2025
Last sale
$21.1M
7 recorded transactions
Zoning & alternative use
PUD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$35.5M
+66.8%
Apartment house (5+ units)
$32.4M
+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
$13,260,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,060,000
6.5%
$20,360,000
7%
$18,910,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,290,000
Current use
RETAIL STORES
$35,510,000
Change: +67% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$32,375,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$21.37M
Range $19.23M – $23.50M · ±10% · vs last sale $21.10M (Jun 12 2025)
Last sale anchor
$21.10M
Jun 12 2025
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
$109 / 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
$285,777
Tax year 2023
Assessed value
$15,558,800
Assessed 2023
Previous assessed
$12,840,600
+21.2% YoY
Effective rate
1.84%
On assessed value
Assessed land
$1,743,270
Assessed improvement
$13,815,530
Land market value
$1,743,270
Improvement market value
$13,815,530
Total market value
$15,558,800
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
NONE
Stories
1
Units
3
Rooms
3
Bathrooms
21
Total area
196,160 SF
Lot
13.35 ac (581,326 SF)
Zoning code
PUD
APN
003305-0500
UPID
US18-3306296
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
$21.3M
RETAIL STORES
Est. value
$35.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$32.4M
WAREHOUSE, STORAGE Current
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
Yes
Stories
1
Units
3
Rooms
3
Bathrooms
21
Lot
13.35 ac
Current owner
From public records · entity-resolved
Trea Bulls Bay LLC
Entity
Mailing address
10275 W HIGGINS RD STE #810, ROSEMONT, IL 60018-5601
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
$21,100,000
Trea Bulls Bay LLC
4925 Bulls Bay Hwy Owner LLC
Special Warranty Deed
—
Feb 28, 2022
$15,825,100
4925 Bulls Bay Hwy Owner LLC
Usip III Jacksonville LLC
Special Warranty Deed
$374,000,000 · Citi Real Estate Funding INC
Oct 30, 2017
$13,547,500
Usip III Jacksonville LLC
Ub III Bulls Bay LLC
Special Warranty Deed
$120,537,149 · Morgan Stanley Bank NA
Aug 1, 2013
$10,674,600
Ub III Bulls Bay LLC
Nl Ventures Viii Bulls Bay LLC
Special Warranty Deed
$99,900,000 · The Royal Ba Of Scotland Plc
Feb 7, 2012
$9,000,000
Nl Ventures Viii Bulls Bay LLC
Southeastern Aluminum Products
Grant Deed
—
Mar 15, 2006
$1,234,000
Southeastern Aluminum Products
Stone Mountain Indl Park INC
Grant Deed
$7,225,000 · Wachovia Bank NA
—
—
Southeastern Aluminum Products
—
Deed Of Trust
related
$1,750,000 · Wells Fargo Bank
—
—
Nl Ventures Viii Bulls Bay LLC
—
Deed Of Trust
related
$5,850,000 · Symetra Life Insurance Co
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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