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Property profile & analytics
OFF-MARKET
Estimated value
$2,505,000
Distribution centers
60 Copeland St, Jacksonville, FL 32204-1802
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5461302
Property summary
AI-generated overview
This exceptional 47,855-square-foot industrial property, situated on a 1.36-acre lot in Jacksonville, Florida's historic Riverside district, presents a unique investment opportunity. The two-story building features a combination of manufacturing, warehouse, and distribution space, ideal for a variety of businesses. The property boasts five loading docks and ample parking for 10-12 vehicles. The building's electrical service includes 400A, 277/480V 3-phase power. Located at the corner of Copeland and Dennis Streets, near Downtown Jacksonville, this property benefits from its proximity to the revitalizing "Rail Yard" District, offering an eclectic mix of industrial and mixed-use occupants. The property is zoned IL, with potential for other uses considered, and is located within a federal Opportunity Zone, providing eligible tax incentives. The building's layout includes a two-story office area and a showroom, offering flexibility for diverse business needs. This single-tenant property is completely vacant and ready for immediate occupancy. The property's address is 60 Copeland St, Jacksonville, FL 32204, in Duval County.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,885 SF
Lot
1.22 ac (53,340 SF)
Zoning code
IL
APN
077186-0000
UPID
US18-5461302
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
$1.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$2.51M
Owner & transaction history
Old Kings Properties LLC · 1 yrs held
Old Kings Properties LLC
since 2025
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
IL · 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
Method
Estimation
Statistic approach
$1,730,000
ML approach
$1,735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±10% · vs last sale $2.88M (Feb 23 2025)
Last sale anchor
$2.88M
Feb 23 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
$52 / 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
$18,946
Tax year 2023
Assessed value
$1,445,200
Assessed 2023
Previous assessed
$682,200
+111.8% YoY
Effective rate
1.31%
On assessed value
Assessed land
$133,350
Assessed improvement
$1,311,850
Land market value
$133,350
Improvement market value
$1,311,850
Total market value
$1,445,200
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
5
Rooms
5
Bathrooms
12
Total area
47,885 SF
Lot
1.22 ac (53,340 SF)
Zoning code
IL
APN
077186-0000
UPID
US18-5461302
Jurisdiction
DUVAL
Zoning & alternative use
IL · Jacksonville, FL
Zoning IL · permitted uses
IL · 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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
5
Rooms
5
Bathrooms
12
Lot
1.22 ac
Current owner
From public records · entity-resolved
Old Kings Properties LLC
Entity
Mailing address
11701 BORMAN DR STE #100, SAINT LOUIS, MO 63146-4264
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2025
$2,875,000
Old Kings Properties LLC
Bamboo Copeland LLC
Special Warranty Deed
$1,456,550 · Bank Of America NA
Aug 7, 2023
$1,660,000
Bamboo Copeland LLC
Richard K Gills
Special Warranty Deed
$2,075,393 · Inb National Association
Nov 4, 2021
$28,100
Richard K Gills
Gary L Gills
Quit Claim Deed
related
—
Jul 30, 2015
—
Gills,richard L Trust
Gills Richard L
Quit Claim Deed
related
—
Jun 29, 2000
$428,900
Richard L Gills
Talpalar,jose
Grant Deed
—
—
—
Richard Gills
—
Deed Of Trust
related
$235,000 · Jacksonville Bank
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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