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Property profile & analytics
OFF-MARKET
Flex space
5021 Mustang Rd Jacksonville, FL 32216-6027
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5570370
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1932
Total area
1,057 SF
Lot
1.59 ac (69,301 SF)
Zoning code
IBP
APN
152811-0000
UPID
US18-5570370
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
6965 Philips Hwy LLC · 11 yrs held
6965 Philips Hwy LLC
since 2015
4 recorded transactions
Zoning & alternative use
IBP · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,052
Tax year 2023
Assessed value
$285,174
Assessed 2023
Previous assessed
$173,876
+64.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$277,040
Assessed improvement
$8,134
Land market value
$277,040
Improvement market value
$8,134
Total market value
$285,174
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1932
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,057 SF
Lot
1.59 ac (69,301 SF)
Zoning code
IBP
APN
152811-0000
UPID
US18-5570370
Jurisdiction
DUVAL
Zoning & alternative use
IBP · Jacksonville, FL
Zoning IBP · permitted uses
IBP · 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.
Building & site characteristics
From public records
Year built
1932
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
6965 Philips Hwy LLC
Entity
Mailing address
6965 PHILIPS HWY, JACKSONVILLE, FL 32216-6037
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2015
$1,600,000
6965 Philips Hwy LLC
Csb Florida Cre Holdings LLC
Grant Deed
$1,200,000 · Centerstate Bk/fl
Jun 20, 2012
—
Cherie L Baker
Baker Cherie L Trust
Quit Claim Deed
related
—
Oct 31, 2007
—
Baker Cherie L Trust
Baker,cherie L
Quit Claim Deed
related
$2,060,000 · Capitalsouth Bank
Oct 31, 2007
$1,475,000
Cherie L Baker
Lowery,norman C
Quit Claim Deed
related
—
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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