6256 Greenland RdJacksonville, FL 32258

Property Details for 6256 Greenland Rd

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.37 AC

Property size (Sq ft)

12,100 SF

Zone code

IBP

Property type

Office properties

Property subtype

Office buildings

APN

157125-0100

APU

1571250100

Description

This exceptional investment opportunity presents a 17,000-square-foot industrial warehouse located at 6256 Greenland Road in Jacksonville, Florida. The property, built in 1999 and renovated in 2014, features a single-story building with 18-foot clear ceiling height, five 14-foot drive-in doors, and ample parking (30 spaces in front, 21 in the rear). The warehouse boasts 3,600 square feet, complemented by 13,400 square feet of office space. The property sits on 1.37 acres and is zoned IBP (Industrial Business Park) for light industrial use. Exterior features include stucco finish and a fenced yard for secure outside storage. The building is equipped with a key fob security system, T-5/T-8 lighting, and a standing seam roof. The current tenant, WSP USA Inc., is under a NNN lease with a remaining term of approximately 2.8 years, expiring August 31, 2027. The lease commenced September 1, 2014, with an annual base rent of $263,499.96. The landlord is responsible for roof, structure, and HVAC maintenance. Financial reporting from the tenant is available upon request. This core investment property offers a stable income stream and significant potential for future growth.

• CAP approach

  CAP return

  Valuation

  6%

  $2,182,440

  6.5%

  $2,014,560

  7%

  $1,870,663

• Comparable approach

  Method

  Valuation

  Relative Method

  $822,921

  Geo Method

  $822,921

• Alternative Use

  Use

  Valuation

  Residential

  $2,498,054

  Hospitality

  $2,288,204

  Educational

  $1,903,759

  Medical

  $1,969,232

  Retail

  $2,961,403

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.1614

Longitude

-81.5465

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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