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7489 Commonwealth Ave Jacksonville, FL 32220

Warehouses Google Maps
230,184 SF 39.32 ac lot Built 2023
Individually Owned 4-yr Hold Free & Clear
Estimated value (blended)
$8.58M
Range $7.72M – $9.44M (±10%)
Property ID US18-7256721

Property summary

AI-generated overview

This state-of-the-art, 230,060-square-foot Class A industrial distribution center, built in 2023, is situated in Jacksonville, Florida's Westside Submarket at 7489 Commonwealth Ave, 32220. The property features a single building with 121,938 square feet of immediately available space, divisible to a minimum of 54,080 square feet. The maximum contiguous space available is 121,938 square feet. The building boasts a 32-foot ceiling height, ideal for warehousing and distribution needs. Ample parking is provided with 170 spaces. The property is zoned IBP and offers 2,500 amp, 480-volt, 3-phase power. Its strategic location provides convenient access to I-295, I-10, JAXPORT Blount Island Marine Terminals, and Jacksonville International Airport, making it an excellent distribution hub. The 39.32-acre lot offers significant expansion potential. This facility is designed for efficient cross-dock and rear loading operations, serving a vast market within an 8-hour drive of 60 million consumers.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2023
Total area 230,184 SF
Lot 39.32 ac (1,712,680 SF)
Zoning code IBP
APN 004889-0600
UPID US18-7256721

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.15M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.58M

Owner & transaction history

since 2022
Last sale
$8.9M
2 recorded transactions
2022
$8.9M
2022
$4.0M

Zoning & alternative use

IBP · Jacksonville, FL
Zoning description

is used in this Zoning Code, the phrase shall be construed to include the IBP, IL, IH, and IW Districts and no other. (d) Provisions of this Zoning Code which apply to residential, commercial, industrial or other distric…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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