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    Property profile & analytics

    6281 Powers Ave, Unit 20-47 Jacksonville, FL 32217-2286

    • Warehouses
    • 8,159 SF
    • 6.38 lot acres
    OFF-MARKET
    Value Estimations
    $1,260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0894048
    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

    • Bulunda Import-Export Co / Big Box & Wholesale Store / Distribution Center
    • Jacksonville Elite Movers / Moving Company / Storage Facility
    • Lightspeed Restoration of East Duval County / Hardware & Home Improvement / Construction Company
    • J S Car Care / Auto Repair Shop
    • D’lokos / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 6281 Powers Ave

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.38 lot acres
    Property size
    8,159 SF
    Zone code
    IL
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    154068-0050
    APU
    1540680050

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,260,000
      6.5%
      $1,165,000
      7%
      $1,080,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,604,000
      Market price range: $552k - $1.60M
      AI Estimate
      $1,008,000
      Market price range: $250k - $1.01M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $980,000
      Current use
      COMMERCIAL (GENERAL)
      $2,060,000
      Change: +110% Conversion: Difficult
      MEDICAL BUILDING
      $1,865,000
      Change: +90% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,740,000
      Change: +78% Conversion: Easy
      RETAIL STORES
      $1,475,000
      Change: +51% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,345,000
      Change: +37% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,310,000
      Change: +34% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6175
    Latitude
    30.2591
    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
    $0.00
    $972,013
    $6,394,087
    $7,366,100
    -
    $972,013
    $6,394,087
    $7,366,100

    Comparable in this City

    • Value Estimation
      $760,000
      5,628 SF

      6653 Powers Ave

      MINI-WAREHOUSE, STORAGE • 5,628 SF
      6653 Powers Ave, Jacksonville, FL 32217-8801
      View Details
    • Value Estimation
      $860,000
      6,708 SF

      6254 Powers Ave, Unit 1

      MINI-WAREHOUSE, STORAGE • 6,708 SF
      6254 Powers Ave, Jacksonville, FL 32217-2216
      View Details
    • Value Estimation
      $10,485,000
      91,118 SF

      2760 University W Blvd

      MINI-WAREHOUSE, STORAGE • 91,118 SF
      2760 University W Blvd, Jacksonville, FL 32217
      View Details
    • Value Estimation by Request
      2,657 SF

      6737 Powers Ave

      MINI-WAREHOUSE, STORAGE • 2,657 SF
      6737 Powers Ave, Jacksonville, FL 32217-3311
      View Details
    • Value Estimation by Request

      6125 Power Ave

      Distribution properties
      6125 Power Ave, Jacksonville, FL 32217
      View Details
    • Value Estimation by Request
      1,216 SF

      3940 Morrow St

      STORAGE YARD, OPEN STORAGE • 1,216 SF
      3940 Morrow St, Jacksonville, FL 32217
      View Details

    Similar Nearby for Sale

    • $130,000

      Jacksonville Warehouse Opportunity

      Established Business, High Traffic Area
      6125 Power Ave, Jacksonville, FL 32217
      View Details
    • $600,000
      2,063 SF

      Jacksonville Medical Office Building

      Prime Medical Office, 2,063 SF, $600K
      4232 Baymeadows Rd, Jacksonville, FL 32217
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    • $895,995

      Commercial Property on University Blvd

      Three buildings on one parcel, high-traffic location, investment opportunity.
      2944 W University Blvd W, Jacksonville, FL 32217
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    • $250,000
      0.30 Acres

      San Jose Blvd Build-Ready Lot

      Build-ready lot in prime Jacksonville location with active permit.
      6755 San Jose Blvd, Jacksonville, FL 32217
      View Details
    • $225,000
      1,250 SF

      San Jose Boulevard Office Space

      Two-story office in San Jose, suitable for various businesses.
      8777 San Jose Blvd, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      2,870 SF

      Freestanding Building on San Jose

      2,870± SF building suitable for retail or medical office.
      6052 San Jose Blvd W, Jacksonville, FL 32217
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      2,155 SF

      Industrial Warehouse on Powers Avenue

      Versatile industrial warehouse with easy logistics and prime location.
      6005 Powers Ave, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      34,000 SF

      Warehouse Distribution Center For Rent

      168,000± SF warehouse distribution center in University Industrial Park.
      3811 University Boulevard Ct West, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      171,000 SF

      University Industrial Park: Southside

      171,000 SF Industrial Space Available
      3811 University Blvd, Jacksonville, FL 32217
      View Details
    • $18 SF/Yr
      20,320 SF

      University West Center: Jacksonville FL

      Prime Industrial Space, Newly Renovated
      2916 University Blvd, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      480 SF

      Jacksonville Flex Space For Rent

      Flex space centrally located in Jacksonville's Southside area.
      6653 Powers Ave, Jacksonville, FL 32217
      View Details
    • Contact for pricing
      1,447 SF

      Retail Space in Open-Air Center

      Retail space available in a repainted open-air center.
      6012-6030 San Jose Blvd W, Jacksonville, FL 32217
      View Details
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    Jacksonville, FL 32217-2286
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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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