Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5021 Mustang Rd Jacksonville, FL 32216-6027

    • Flex space
    • 1,057 SF
    • 1.59 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5570370
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Flex space

    Property Details for 5021 Mustang Rd

    Year built
    1932
    Lot size
    1.59 lot acres
    Property size
    1,057 SF
    Zone code
    IBP
    Property type
    Flex space
    APN
    152811-0000
    APU
    1528110000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6009
    Latitude
    30.2468
    CBSA code
    27260
    CBSA name
    JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,052
    $277,040
    $8,134
    $285,174
    -
    $277,040
    $8,134
    $285,174

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      Perimeter Park Blvd

      LIGHT INDUSTRIAL • 0.07 Acres
      Perimeter Park Blvd, Jacksonville, FL 32216
      View Details
    • Value Estimation
      $875,000
      1.21 Acres

      Salisbury Rd

      LIGHT INDUSTRIAL • 1.21 Acres
      Salisbury Rd, Jacksonville, FL 32216
      View Details
    • Value Estimation by Request

      Alton Box

      86,809 SF of industrial space available
      6000 Bowdendale Avenue | Jacksonville, FL 32216, Jacksonville, FL 32216
      View Details
    • Value Estimation by Request
      3.07 Acres

      6681 Southpoint Pkwy

      LIGHT INDUSTRIAL • 3.07 Acres
      6681 Southpoint Pkwy, Jacksonville, FL 32216-0923
      View Details
    • Value Estimation by Request
      0.39 Acres

      Stepp Ave

      LIGHT INDUSTRIAL • 0.39 Acres
      Stepp Ave, Jacksonville, FL 32216
      View Details
    • Value Estimation by Request

      Performance Storage - 6100 Philips Hwy Ste 3

      1,000-50,000± SF of industrial space available
      6100 Philips Hwy Ste 3 Jacksonville, FL 32216, Jacksonville, FL 32216
      View Details

    Similar Nearby for Sale

    • $8,999,000
      52,722 SF

      Jacksonville Flex Space Investment Opportunity

      Flex space investment opportunity in Jacksonville with diverse tenant mix.
      5730 Bowden Rd, Jacksonville, FL 32216
      View Details
    • $1,900,000

      Beach Boulevard Commercial Buildings

      Two buildings with frontage and roll-up doors on Beach Blvd.
      8204 Beach Blvd, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      102,960 SF

      Flex/Office Buildings in Jacksonville, Florida

      Two flex/office buildings totaling 102,960 SF on 14.5 acres.
      6680 Southpoint Pkwy, Jacksonville, FL 32216
      View Details
    • $13,950,000
      111,563 SF

      Industrial Warehouse Opportunity

      Large industrial property with existing lease and vacant space.
      8801 Corporate Square Ct, Jacksonville, FL 32216
      View Details
    • $3,855,000

      Industrial Property on Philips Highway

      Industrial property for sale located on Philips Highway.
      6236 Philips Hwy, Jacksonville, FL 32216
      View Details
    • $1,800,000
      6,660 SF

      Jacksonville Commercial Property For Sale

      Commercial property suitable for warehousing, trucking, retail, auto sales/repair.
      1828 Foster Dr, Jacksonville, FL 32216
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      3,000 SF

      Southside Jacksonville Flex Space

      3000 SF flex space for lease in Jacksonville's Southside.
      5942 Richard St, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      1,840 SF

      Flexible Space in Southside Jacksonville

      Industrial/business park location with flexible spaces and convenient access.
      8802 Corporate Square Ct, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      38,000 SF

      Prime Southside Flex Space

      Jacksonville Flex/Warehouse, 38,000 SF
      8705 Perimeter Park Blvd, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      11,491 SF

      Flex Space Near I-95

      Flex space with convenient access to I-95 and amenities.
      6700 Southpoint Pkwy, Jacksonville, FL 32216
      View Details
    • $12 SF/Yr
      7,000 SF

      Bowden Rd Flex Space Available

      Flex space for rent with CCG-2 zoning and expansion potential.
      5121 Bowden Rd, Jacksonville, FL 32216
      View Details
    • $8 SF/Yr
      16,500 SF

      Jacksonville Industrial Space For Lease

      Industrial space in Jacksonville, Florida, with convenient access to transportation.
      6016-6030 Bowdendale Ave, Jacksonville, FL 32216
      View Details

    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      1.4k
    • Avg Time on site
      23 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5021 Mustang Rd
    Jacksonville, FL 32216-6027
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.