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Property profile & analytics
OFF-MARKET
Estimated value
$6,205,000
Distribution centers
5875 Hwy Ave, Jacksonville, FL 32254-3545
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6272677
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Construction
STEEL FRAME
Total area
56,000 SF
Lot
5.65 ac (246,314 SF)
Zoning code
IH
APN
005352-0012
UPID
US18-6272677
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
-
Anixter Power Solutions - Jacksonville Building Supply Electrical Service
-
Alro Metals Outlet, Jacksonville Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.18M
CAP Approach
CAP
$5.82M
Comparable Approach
Comparable
$7.47M
Blend (final)
Blend
$6.21M
Owner & transaction history
Ag Rc III Highway Ave Owner LLC · 2 yrs held
Ag Rc III Highway Ave Owner LLC
since 2024
Last sale
$7.8M
4 recorded transactions
Zoning & alternative use
IH · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.1M
+96.4%
Apartment house (5+ units)
$9.2M
+79.0%
Neighborhood: shopping center
$9.0M
+74.2%
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
$6,045,000
ML approach
$6,180,000
CAP Approach
CAP Return
Estimation
6%
$6,295,000
6.5%
$5,815,000
7%
$5,400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,160,000
Current use
RETAIL STORES
$10,140,000
Change: +96% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$9,240,000
Change: +79% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,990,000
Change: +74% · Conversion: Moderate
Blend value · Realmo final
$6.21M
Range $5.58M – $6.83M · ±10% · vs last sale $7.75M (Feb 8 2024)
Last sale anchor
$7.75M
Feb 8 2024
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
$111 / 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
$69,898
Tax year 2023
Assessed value
$4,474,900
Assessed 2023
Previous assessed
$3,102,200
+44.2% YoY
Effective rate
1.56%
On assessed value
Assessed land
$625,085
Assessed improvement
$3,849,815
Land market value
$625,085
Improvement market value
$3,849,815
Total market value
$4,474,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
2
Rooms
2
Bathrooms
33
Total area
56,000 SF
Lot
5.65 ac (246,314 SF)
Zoning code
IH
APN
005352-0012
UPID
US18-6272677
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
WAREHOUSE, STORAGE Current
Est. value
$5.2M
RETAIL STORES
Est. value
$10.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.0M
WAREHOUSE, STORAGE 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
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Rooms
2
Bathrooms
33
Lot
5.65 ac
Current owner
From public records · entity-resolved
Ag Rc III Highway Ave Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
768 N BETHLEHEM PIKE STE #203, LOWER GWYNEDD, PA 19002-2659
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
May 8, 2024
$7,750,000
Ag Rc III Highway Ave Owner LLC
Spi Csim Jip Property Owner LLC
Special Warranty Deed
—
Dec 31, 2020
$5,849,600
Spi Csim Jip Pro Owe LLC
Lonestar Ware LLC Co
Grant Deed
—
Jul 8, 2009
$30,000
Caterpillar Work Tools INC
Lonestar Warehouse Invtrs LLC
Grant Deed
—
Mar 7, 2006
$1,200,000
Owner Name Unavailable
Owner Name Unavailable
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.
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