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

    5400 Longleaf St Jacksonville, FL 32209-2709

    • Refrigerated & Cold Storages
    • 68,413 SF
    • 5.65 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2023
    $5,500,000
    Value Estimations
    $5,635,000
    Show details
    Cap Rate Potential
    8%
    Refrigerated & Cold Storages
    Location Intelligence
    Property ID
    US18-4707652
    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

    • What Chefs Want / Food Products Supplier / Distribution Service

    Property Details for 5400 Longleaf St

    Year built
    1964
    Construction
    CONCRETE
    Lot size
    5.65 lot acres
    Property size
    68,413 SF
    Zone code
    IL
    Property type
    Refrigerated & Cold Storages
    APN
    029893-0050
    APU
    298930050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,735,000
      ML approach
      $5,810,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,695,000
      6.5%
      $7,100,000
      7%
      $6,595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,719,000
      Market price range: $1.42M - $6.61M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $8,215,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7133
    Latitude
    30.3663
    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
    $51,302
    $616,375
    $2,785,825
    $3,402,200
    -
    $616,375
    $2,785,825
    $3,402,200

    Comparable in this City

    • Value Estimation
      $18,385,000
      184,043 SF

      1780 Beaver St

      COLD STORAGE • 184,043 SF
      1780 Beaver St, Jacksonville, FL 32209-7527
      View Details
    • Value Estimation
      $19,875,000
      198,500 SF

      3000 45th St

      COLD STORAGE • 198,500 SF
      3000 45th St, Jacksonville, FL 32209-2722
      View Details
    • Value Estimation
      $20,270,000
      203,163 SF

      2020 26th St

      WAREHOUSE, STORAGE • 203,163 SF
      2020 26th St, Jacksonville, FL 32209-3608
      View Details
    • Value Estimation by Request
      540 SF

      2404 Beaver St

      WAREHOUSE, STORAGE • 540 SF
      2404 Beaver St, Jacksonville, FL 32209-7409
      View Details
    • Value Estimation by Request

      New Kings Rd

      Distribution properties
      0 New Kings Rd, Jacksonville, FL 32209
      View Details
    • Value Estimation by Request
      1,200 SF

      2423 Kings Rd

      WAREHOUSE, STORAGE • 1,200 SF
      2423 Kings Rd, Jacksonville, FL 32209
      View Details

    Similar Nearby for Sale

    • $9,900,000
      150,778 SF

      Jacksonville Warehouse with Interstate Sign

      150,778 SF warehouse with loading access and secure fencing.
      4700 Walgreen Rd, Jacksonville, FL 32209
      View Details
    • $1,250,000
      14,011 SF

      Industrial Property with Mechanic Shop

      14,011 SF industrial building with mechanic shop for sale.
      820 Barnett St, Jacksonville, FL 32209
      View Details
    • $139,999

      Manassas Industrial Storage Yard

      Fenced lot, 4,522 SF, Liberia Ave access
      1720 Davis St, Jacksonville, FL 32209
      View Details
    • $38,000
      0.61 Acres

      Expansive Land in Growing Area

      Over half-acre lot in a rapidly growing Jacksonville area.
      Benedict Rd, Jacksonville, FL 32209
      View Details
    • $35,000
      0.77 Acres

      Expansive Lot in Growing Area

      Over half-acre lot in a rapidly growing Jacksonville area.
      Hamilton Cir, Jacksonville, FL 32209
      View Details
    • Contact for pricing
      0.09 Acres

      Residential Land in Jacksonville, Florida

      Residential land for multifamily or duplex construction in Jacksonville, Florida.
      Baldwin St, Jacksonville, FL 32209
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Jacksonville Warehouse Ground Lease

      Prime 2.34-acre fenced warehouse lot.
      0 Walgreen Rd, Jacksonville, FL 32209
      View Details
    • Contact for pricing
      154,800 SF

      Jacksonville Logistics Center Warehouse Space

      Institutional quality warehouse space in Jacksonville's Westside submarket.
      2255 Edgewood Ave N, Jacksonville, FL 32209
      View Details
    • Contact for pricing
      74,034 SF

      Edgewood Ave Retail Center

      Jacksonville Strip Mall, High Traffic
      2261 Edgewood Ave, Jacksonville, FL 32209
      View Details
    • $1,400 /Mo
      5,359 SF

      Renovated Commercial Office Suite

      Newly renovated office suite with convenient parking and excellent location.
      5600 New Kings Rd, Jacksonville, FL 32209
      View Details
    • $3,500 /Mo

      Fenced Yard with Modular Office

      Stabilized, fenced, and lighted yard with easy highway access.
      2089 W 26Th St, Jacksonville, FL 32209
      View Details
    • $2,000 /Mo
      18,731 SF

      Fenced Commercial Lot in Jacksonville

      Versatile fenced commercial lot for lease in central Jacksonville.
      45TH W 45Th St W, Jacksonville, FL 32209
      View Details
    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.
    5400 Longleaf St
    Jacksonville, FL 32209-2709
    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.