Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6825 Evergreen Ave Jacksonville, FL 32208-4483

    • Manufacturing properties
    • 162,611 SF
    • 48.70 lot acres
    OFF-MARKET
    Value Estimations
    $22,350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5990025
    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

    • United States Gypsum Co. / Industrial Manufacturer / Production Facility

    Property Details for 6825 Evergreen Ave

    Year built
    1939
    Construction
    STEEL FRAME
    Lot size
    48.70 lot acres
    Property size
    162,611 SF
    Zone code
    IW
    Property type
    Manufacturing properties
    APN
    111104-0000
    APU
    1111040000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $15,060,000
      6.5%
      $13,900,000
      7%
      $12,910,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $27,614,000
      Market price range: $6.86M - $27.6M
      AI Estimate
      $25,541,000
      Market price range: $6.08M - $25.5M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $14,980,000
      Current use
      MEDICAL BUILDING
      $37,155,000
      Change: +148% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $34,680,000
      Change: +131% Conversion: Easy
      OFFICE BUILDING
      $31,575,000
      Change: +111% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $26,835,000
      Change: +79% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $26,105,000
      Change: +74% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.635
    Latitude
    30.3816
    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
    $304,225
    $10,052,959
    $5,918,555
    $15,971,514
    -
    $10,052,959
    $5,918,555
    $15,971,514

    Comparable in this City

    • Value Estimation by Request
      2,313 SF

      4864 Soutel Dr

      MANUFACTURING (LIGHT) • 2,313 SF
      4864 Soutel Dr, Jacksonville, FL 32208-1854
      View Details
    • Value Estimation by Request
      2,100 SF

      2305 Soutel Dr

      MANUFACTURING (LIGHT) • 2,100 SF
      2305 Soutel Dr, Jacksonville, FL 32208-5705
      View Details
    • Value Estimation by Request
      2,520 SF

      9027 1st Ave

      MANUFACTURING (LIGHT) • 2,520 SF
      9027 1st Ave, Jacksonville, FL 32208-2299
      View Details
    • Value Estimation by Request
      6,000 SF

      740 Carlton St

      MANUFACTURING (LIGHT) • 6,000 SF
      740 Carlton St, Jacksonville, FL 32208-4404
      View Details
    • Value Estimation
      $3,550,000
      22,602 SF

      1048 Escambia St

      MANUFACTURING (LIGHT) • 22,602 SF
      1048 Escambia St, Jacksonville, FL 32208-4319
      View Details
    • Value Estimation by Request
      6,930 SF

      6439 Restlawn Dr

      MANUFACTURING (LIGHT) • 6,930 SF
      6439 Restlawn Dr, Jacksonville, FL 32208-2940
      View Details

    Similar Nearby for Sale

    • $249,900
      1.70 Acres

      Northside Jacksonville Commercial Land

      1.7 Acres, PUD Zoning, $249,900
      0 Adams Ave, Jacksonville, FL 32208
      View Details
    • $599,000
      6,930 SF

      Jacksonville Warehouse/Distribution Property For Sale

      6,930 SF warehouse/distribution property with CCG-2 zoning in Jacksonville, FL.
      6439 Restlawn Dr, Jacksonville, FL 32208
      View Details
    • $4,000,000

      Jacksonville Commercial Office & Land

      Prime Jacksonville location, high rental income.
      6822 Main St, Jacksonville, FL 32208
      View Details
    • $60,000
      Pending

      Wooded Lot in Jacksonville, FL

      Half-acre wooded lot in evolving Jacksonville area, ideal for development.
      Edgewood Ave W, Jacksonville, FL 32208
      View Details
    • $649,000
      2,077 SF

      Turnkey Tire Shop For Sale

      Profitable tire shop with equipment, land, and buildings included.
      9600 Lem Turner Rd, Jacksonville, FL 32208
      View Details
    • Contact for pricing

      Wooded Land Near Main Roads

      Raw wooded property near main roads and shopping.
      11Th Ave, Jacksonville, FL 32208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      188,457 SF

      Gainesville Ave Warehouse Space

      ±35,000 SF Warehouse Available Now
      7660 Gainesville Ave, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      183,000 SF

      West Side Warehouse Distribution Facility

      183,000 square foot dock-high warehouse/distribution facility in West Side.
      7660 Gainesville Ave, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      29,000 SF

      Gateway Town Center Retail Space

      Prime Duval County Retail Opportunity
      5166 Norwood Ave, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      3,161 SF

      Retail Space Near I-95

      Retail space available near I-95 in Jacksonville, Florida.
      5238 Norwood Ave, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      8,920 SF

      Retail Space Near I-95

      Retail space available near I-95 in Jacksonville, Florida.
      5108 Norwood Ave, Jacksonville, FL 32208
      View Details
    • Contact for pricing
      3,161 SF

      Retail Space in Norwood Area

      Retail space available in Jacksonville, anchored by major retailers.
      5258 Norwood Ave, Jacksonville, FL 32208
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6825 Evergreen Ave
    Jacksonville, FL 32208-4483
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.