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Property profile & analytics
OFF-MARKET
Estimated value
$3,105,000
Manufacturing properties
86412 Gene Lassere Blvd Yulee, FL 32097-3379
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1391783
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2003
Construction
CONCRETE
Total area
35,340 SF
Lot
12.26 ac (534,046 SF)
Zoning code
IW
APN
51-3N-27-0000-0001-0240
UPID
US18-1391783
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
Current use
Occupant on record · Public records
-
Florida Machine Works Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.84M
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$3.11M
Owner & transaction history
Sunstate Commercial Properties LLC · 1 yrs held
Sunstate Commercial Properties LLC
since 2024
Last sale
$3.1M
1 recorded transaction
Zoning & alternative use
IW · Yulee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.8M
+84.6%
Restaurant
$4.3M
+67.2%
Office building
$4.0M
+55.2%
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 Yulee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yulee 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,160,000
6.5%
$3,840,000
7%
$3,565,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,575,000
Current use
WAREHOUSE, STORAGE
$4,755,000
Change: +85% · Conversion: Easy
RESTAURANT
$4,305,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$3,995,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,840,000
Change: +49% · Conversion: Easy
RETAIL STORES
$3,770,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$3,090,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$3.11M
Range $2.79M – $3.42M · ±10% · vs last sale $3.10M (Sep 11 2024)
Last sale anchor
$3.10M
Sep 11 2024
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
$88 / 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
$35,892
Tax year 2023
Assessed value
$2,637,946
Assessed 2023
Previous assessed
$2,495,322
+5.7% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,066,620
Assessed improvement
$1,571,326
Land market value
$1,066,620
Improvement market value
$1,571,326
Total market value
$2,637,946
Applied tax rate
4.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Rooms
12
Total area
35,340 SF
Lot
12.26 ac (534,046 SF)
Zoning code
IW
APN
51-3N-27-0000-0001-0240
UPID
US18-1391783
Jurisdiction
NASSAU
Zoning & alternative use
IW · Yulee, FLZoning IW · permitted uses
IW · Yulee, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$4.8M
RESTAURANT
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.8M
RETAIL STORES
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Rooms
12
Lot
12.26 ac
Current owner
From public records · entity-resolved
Sunstate Commercial Properties LLC
Entity
Mailing address
PO BOX 2710, YULEE, FL 32041-2710
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2024
$3,100,000
Sunstate Commercial Properties LLC
Sunrise Realty Associates
Warranty Deed
$3,612,200 · Ameris 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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