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Property profile & analytics
OFF-MARKET
Estimated value
$8,815,000
Warehouses
5220 Shad Rd, Jacksonville, FL 32257-2007
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-8132290
Property summary
AI-generated overview
This exceptional flex space opportunity is located within Magnolia Business Park, Building 200, at 5220 Shad Road in Jacksonville, Florida, 32257. The property offers a total of 80,863 square feet, with 44,775 square feet currently available for lease. This industrial building features multiple tenancy options, allowing for flexibility in space requirements. Units range from a minimum of 4,410 square feet to a maximum contiguous space of 28,555 square feet, catering to a variety of business needs. The building boasts impressive ceiling heights ranging from 16 to 24 feet, providing ample vertical space for storage or specialized equipment. Ample parking is provided with 168 spaces available for tenants and their clients. The property is situated in the Jacksonville submarket of Duval County, offering convenient access to major transportation routes and amenities. This prime location makes it an ideal choice for businesses seeking efficient and versatile workspace in a thriving area. Contact us today to learn more about leasing options and explore the possibilities this exceptional flex space offers.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,930 SF
Lot
7.01 ac (305,260 SF)
Zoning code
IBP
APN
159648-5200
UPID
US18-8132290
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
-
Renew Home Solutions General Contractor
-
Morgan Exteriors of Jacksonville Hardware & Home Improvement Interior Design
-
Mobility Plus of Jacksonville Production Facility
-
Just Cards (Bike/Boat/Book/etc) Store
-
Challenge Ministries International Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.82M
Owner & transaction history
Merritt Jamp LLC · 4 yrs held
Merritt Jamp LLC
since 2022
Last sale
$8.8M
5 recorded transactions
Zoning & alternative use
IBP · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.8M
+342.4%
Commercial (general)
$6.5M
+110.1%
Medical building
$5.9M
+90.3%
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
$8,485,000
ML approach
$9,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$13,770,000
Change: +342% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,540,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$5,925,000
Change: +90% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,530,000
Change: +78% · Conversion: Easy
Blend value · Realmo final
$8.82M
Range $7.93M – $9.70M · ±10% · vs last sale $8.80M (Jan 6 2022)
Last sale anchor
$8.80M
Jan 6 2022
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
$340 / 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
Assessed value
$8,964,600
Assessed 2023
Previous assessed
$7,539,700
+18.9% YoY
Assessed land
$717,258
Assessed improvement
$8,247,342
Land market value
$717,258
Improvement market value
$8,247,342
Total market value
$8,964,600
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
NONE
Stories
1
Units
7
Rooms
14
Bathrooms
58
Total area
25,930 SF
Lot
7.01 ac (305,260 SF)
Zoning code
IBP
APN
159648-5200
UPID
US18-8132290
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
Yes
Stories
1
Units
7
Rooms
14
Bathrooms
58
Lot
7.01 ac
Current owner
From public records · entity-resolved
Merritt Jamp LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2066 LORD BALTIMORE DR, BALTIMORE, MD 21244-2501
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2022
$8,800,000
Merritt Jamp LLC
Dg Industrial Portfolio I Prop Owne
Special Warranty Deed
—
Mar 18, 2020
$6,150,000
Dg Industrial Portfolio I Prop
Ada Compliant LP
Grant Deed
$53,600,000 · Bank Of America
Dec 16, 2017
—
Nes Realty
—
Deed
related
$2,108,000 · Bank Of The Ozarks
Feb 26, 2015
$3,350,000
Nes Realty Ada Compliant LP
Magnolia Park Partners Ltd
Warranty Deed
—
—
—
Nes Realty
—
Loan Modification
related
$2,108,000 · Bank Of The Ozarks
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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