Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,825,000
Manufacturing properties
86475 Gene Lassere Blvd Yulee, FL 32097-3378
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5831181
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2009
Construction
STEEL FRAME
Total area
48,589 SF
Lot
8.18 ac (356,321 SF)
Zoning code
IW
APN
51-3N-27-0000-0001-0410
UPID
US18-5831181
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
-
Cynmar LLC Production Facility
-
Science First (Bike/Boat/Book/etc) Store
-
StarLab (Bike/Boat/Book/etc) Store
-
Morris & Lee Inc Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.83M
Owner & transaction history
Mdv Yulee Fl LLC · 1 yrs held
Mdv Yulee Fl LLC
since 2025
Last sale
$6.1M
2 recorded transactions
Zoning & alternative use
IW · Yulee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.8M
+149.0%
Warehouse, storage
$6.5M
+84.6%
Restaurant
$5.9M
+67.2%
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%
$5,720,000
6.5%
$5,280,000
7%
$4,905,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,540,000
Current use
COMMERCIAL (GENERAL)
$8,815,000
Change: +149% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,535,000
Change: +85% · Conversion: Easy
RESTAURANT
$5,920,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$5,495,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,280,000
Change: +49% · Conversion: Easy
RETAIL STORES
$5,185,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$4,250,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$5.83M
Range $5.24M – $6.41M · ±10% · vs last sale $6.10M (Dec 10 2024)
Last sale anchor
$6.10M
Dec 10 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
$120 / 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
$44,874
Tax year 2023
Assessed value
$3,862,664
Assessed 2023
Previous assessed
$2,802,216
+37.8% YoY
Effective rate
1.16%
On assessed value
Assessed land
$707,400
Assessed improvement
$3,155,264
Land market value
$707,400
Improvement market value
$3,155,264
Total market value
$3,862,664
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
2009
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
12
Total area
48,589 SF
Lot
8.18 ac (356,321 SF)
Zoning code
IW
APN
51-3N-27-0000-0001-0410
UPID
US18-5831181
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
$3.5M
COMMERCIAL (GENERAL)
Est. value
$8.8M
WAREHOUSE, STORAGE
Est. value
$6.5M
RESTAURANT
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.3M
RETAIL STORES
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
2009
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
12
Lot
8.18 ac
Current owner
From public records · entity-resolved
Mdv Yulee Fl LLC
Entity
Mailing address
3546 RICHMOND ST, JACKSONVILLE, FL 32205-9422
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2025
$6,100,000
Mdv Yulee Fl LLC
Raymond Franklin Properties LLC
Special Warranty Deed
—
Dec 28, 2016
—
Raymond Franklin Properties
Morris & Lee LLC
Quit Claim Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 86475 Gene Lassere Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
