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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6040 Imeson Rd Jacksonville, FL 32219-3360

    • Distribution centers
    • 172,934 SF
    • 25.04 lot acres
    OFF-MARKET
    Last Sale
    Mar 21, 2023
    $17,400,000
    Value Estimations
    $17,725,000
    Show details
    Cap Rate Potential
    6.4%
    Distribution centers
    Location Intelligence
    Property ID
    US18-7819562
    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

    • U.S. AutoForce / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 6040 Imeson Rd

    Year built
    2023
    Lot size
    25.04 lot acres
    Property size
    172,934 SF
    Zone code
    IL
    Property type
    Distribution centers
    APN
    003290-0035
    APU
    32900035

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $18,150,000
      ML approach
      $11,340,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $19,445,000
      6.5%
      $17,950,000
      7%
      $16,670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,702,000
      Market price range: $11.7M - $25.6M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $18,770,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $28,540,000
      Change: +52% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7731
    Latitude
    30.374
    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
    $39,108
    $2,178,008
    $0.00
    $2,178,008
    -
    $2,178,008
    $0.00
    $2,178,008

    Comparable in this City

    • Value Estimation
      $6,725,000
      107,822 SF

      8015 Westside Industrial Dr

      DISTRIBUTION WAREHOUSE • 107,822 SF
      8015 Westside Industrial Dr, Jacksonville, FL 32219-3238
      View Details
    • Value Estimation
      $12,460,000
      188,796 SF

      8001 Westside Industrial Dr, Unit 1

      DISTRIBUTION WAREHOUSE • 188,796 SF
      8001 Westside Industrial Dr, Jacksonville, FL 32219-3238
      View Details
    • Value Estimation
      $10,290,000
      110,173 SF

      8701 Jesse B Smith Ct

      DISTRIBUTION WAREHOUSE • 110,173 SF
      8701 Jesse B Smith Ct, Jacksonville, FL 32219-3266
      View Details
    • Value Estimation
      $16,155,000
      165,880 SF

      3750 Cisco W Dr

      DISTRIBUTION WAREHOUSE • 165,880 SF
      3750 Cisco W Dr, Jacksonville, FL 32219-3294
      View Details
    • Value Estimation by Request
      45,000 SF

      11431 New Kings Rd

      Distribution properties • 45,000 SF
      11431 New Kings Rd, Jacksonville, FL 32219
      View Details
    • Value Estimation
      $9,355,000
      149,616 SF

      7780 Westside Industrial Dr

      DISTRIBUTION WAREHOUSE • 149,616 SF
      7780 Westside Industrial Dr, Jacksonville, FL 32219-3284
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,062 SF

      Flex Warehouse Space Available

      17,062 sqft flex warehouse space for sale.
      10220 New Kings Rd, Jacksonville, FL 32219
      View Details
    • $2,200,000
      4,094 SF

      Industrial Land with Storage Buildings

      2.8 acres of industrial land with storage/office buildings.
      6608 Old Kings Rd, Jacksonville, FL 32219
      View Details
    • $199,000
      3.24 Acres

      Equestrian Community Land Parcel

      Undeveloped 3.25-acre lot in Jacksonville Ranch Club.
      11018 Derby Chase Ct, Jacksonville, FL 32219
      View Details
    • New
      $50,000
      10.94 Acres

      Waterfront Land Near Trout River

      Land with creek frontage near Trout River and I-295.
      Wagner Rd, Jacksonville, FL 32219
      View Details
    • $1,300,000

      Industrial Land at Signalized Intersection

      17.97 acres of light industrial land for sale.
      Imeson Rd, Jacksonville, FL 32219
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      42,190 SF

      New Jacksonville Industrial Space Available

      42,190± SF industrial space in master-planned business park.
      3750 Cisco Dr W, Jacksonville, FL 32219
      View Details
    • Contact for pricing

      Industrial Property with Modern Features

      Premier industrial space with high doors, ample parking, and modern upgrades.
      8003 Westside Industrial Dr, Jacksonville, FL 32219
      View Details
    • Contact for pricing
      18,240 SF

      Jacksonville Industrial Facility with Office

      18,240± SF industrial facility with office space for lease.
      7585 Sportsman Club Rd, Jacksonville, FL 32219
      View Details
    • Contact for pricing

      Industrial Property in Jacksonville, FL

      Prime industrial facility for sale or lease in Jacksonville, FL.
      8003 Westside Industrial Dr, Jacksonville, FL 32219
      View Details
    • Contact for pricing

      New Jacksonville Logistics Space Available

      Class A industrial space for rent in Westlake Logistics Park.
      9388 Pritchard Rd, Jacksonville, FL 32219
      View Details
    • Contact for pricing
      192,924 SF

      Jacksonville Warehouse and Distribution Space

      Multimodal location with proximity to major interstates and logistics infrastructure.
      9391 Pritchard Rd, Jacksonville, FL 32219
      View Details
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    6040 Imeson Rd
    Jacksonville, FL 32219-3360
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    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
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