Phillips Highway Commercial
2919 PHILIPS Highway, Jacksonville, FL 32207
For Sale
Contact for pricing
Commercial building on Phillips Highway, suitable for retail.
Property Size1,511 SF
Price / SF$155.53
Days on Market844
Property Features for 2919 PHILIPS Highway
General Information
Standard status
Size
Property subtype
Lease Type
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
BSMR REALTY
Listed By:
CHARLIE HAWA · License FL #3032659
(904) 610-3662
Source:
Crexi
Added: Jul 21, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BSMR REALTY
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Investment Insights
Based on property information with market context.
The property is a 1,511 square foot building located on Phillips Highway, with proximity to I-95 and downtown. Currently operating as a convenience store, the property will be vacant upon sale. The property is suitable for retail or commercial use.
Key Highlights
- Close proximity to I‑95 and downtown.
- Building is located on Phillips Highway.
- Currently operating as a convenience store.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,078
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,560
$341.6K
Cap Rate 7%
$243,971
$244.0K
Cap Rate 9%
$189,756
$189.8K
Market Conditions
NOI Build-Up for 1,511 SF
Gross rent
$27.2K $18.00/SF
− Vacancy
−$2.8K −$1.85/SF
EGI
$24.4K $16.15/SF
− OpEx
−$7.3K −$4.84/SF
NOI
$17.1K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,560
Cap Rate 7%
$243,971
Cap Rate 9%
$189,756
Alternative Uses
Best Use
Specialty Retail
$321.7K
$281.5K – $375.3K
NOI $22,520 @ 7.0% cap · market cap 9.58%
Second Best
Retail
$244.0K
$213.5K – $284.6K
NOI $17,078 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$413.9K
$362.2K – $482.9K
NOI $28,975 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
2,131 visits/mo
0.2 miles
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Grocery and convenience stores in Jacksonville
Vacancy Rate% for Retail in Jacksonville, FL
Similar Off Market Nearby
- SUNRISE — 3597 Emerson St, Jacksonville, FL 32207
- Soriya Food Market — 3561 Emerson St, Jacksonville, FL 32207
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial building on Phillips Highway, suitable for retail.
Where is this grocery and convenience store located?
The property is located at 2919 PHILIPS Highway Jacksonville, FL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Close proximity to I‑95 and downtown.; Building is located on Phillips Highway.; Currently operating as a convenience store.
