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Property profile & analytics
FOR SALE
Manufacturing properties
5409 Highway Ave, Jacksonville, FL 32254
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-5061408
For Sale
1 / 6
$3,640,000
5409 Highway Ave, Jacksonville, FL 32254
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,660 SF
Lot
3 ac (130,656 SF)
Zoning code
IH
APN
059307-0000
UPID
US18-5061408
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
-
Whertec INC General Contractor
-
Whertec Mechanical General Contractor Construction Company
-
ASCO Carbon Dioxide INC Chemical Plant Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.38M
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$3.64M
Owner & transaction history
Bri Highway Ave LLC
Bri Highway Ave LLC
since 2025
Last sale
$4.5M
5 recorded transactions
Zoning & alternative use
IH · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.6M
+113.0%
Apartment house (5+ units)
$5.1M
+94.2%
Neighborhood: shopping center
$4.9M
+88.9%
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
$2,390,000
ML approach
$2,375,000
CAP Approach
CAP Return
Estimation
6%
$2,840,000
6.5%
$2,620,000
7%
$2,435,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,605,000
Current use
RETAIL STORES
$5,550,000
Change: +113% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,060,000
Change: +94% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,920,000
Change: +89% · Conversion: Difficult
Blend value · Realmo final
$3.64M
Range $3.28M – $4.00M · ±10% · vs last sale $4.50M (Jul 15 2025)
Last sale anchor
$4.50M
Jul 15 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
$119 / 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
$43,875
Tax year 2023
Assessed value
$2,335,100
Assessed 2023
Previous assessed
$2,310,500
+1.1% YoY
Effective rate
1.88%
On assessed value
Assessed land
$326,700
Assessed improvement
$2,008,400
Land market value
$326,700
Improvement market value
$2,008,400
Total market value
$2,335,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
5
Rooms
6
Bathrooms
14
Total area
30,660 SF
Lot
3 ac (130,656 SF)
Zoning code
IH
APN
059307-0000
UPID
US18-5061408
Jurisdiction
DUVAL
Zoning & alternative use
IH · Jacksonville, FL
Zoning IH · permitted uses
IH · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
RETAIL STORES
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
5
Rooms
6
Bathrooms
14
Lot
3 ac
Current owner
From public records · entity-resolved
Bri Highway Ave LLC
Entity
Free & Clear · 0 yrs held
Mailing address
250 GREENPOINT AVE, BROOKLYN, NY 11222-2493
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
$4,500,000
Bri Highway Ave LLC
5409 Highway Owner LLC
Special Warranty Deed
—
Jun 3, 2022
$2,850,000
5409 Highway Owner LLC
Whertec Steel INC
Special Warranty Deed
$2,000,000 · City National Bank Of Florida
Jul 2, 2010
$1,175,000
Whertec Steel INC
Flint Group North America Corp
Grant Deed
$1,175,000 · Flint Group North America Corp
Aug 20, 2009
—
Owner Name Unavailable
Flint Group INC
Warranty Deed
related
—
Dec 31, 1998
$336,800
Flint Ink North America Corpor
Flint Ink Corporation
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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