Restaurant Building with
6347 Philips Highway, Jacksonville, FL 32216
For Sale
Contact for pricing
Freestanding food-service property with a bar, parking lot, and arterial-road access in Jacksonville.
Property Size10,580 SF
Lot Size1.42 Acres
Price / SF$198.39
Days on Market56
Property Features for 6347 Philips Highway
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Rore Investment Group
Listed By:
Charles Pessin · License #SL 3537442
Source:
Crexi
Added: Sep 14
Changed: Nov 3
Last Checked: Nov 6 at 8:59AM
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 Rore Investment Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,580-square-foot restaurant and bar occupies a 1.42-acre parcel along Philips Highway in Jacksonville. The property includes an expansive interior and an on-site parking lot, supporting its established food-service configuration.
The site is positioned on Philips Highway, an arterial commercial corridor in Jacksonville. Its location provides direct roadway exposure and places the property within the local leisure and food-service market.
The site is positioned on Philips Highway, an arterial commercial corridor in Jacksonville. Its location provides direct roadway exposure and places the property within the local leisure and food-service market.
Key Highlights
- 10,580‑square‑foot restaurant and bar
- 1.42‑acre parcel along Philips Highway
- On‑site parking lot included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,684
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,153,680
$3.2M
Cap Rate 7%
$2,252,629
$2.3M
Cap Rate 9%
$1,752,044
$1.8M
Market Conditions
NOI Build-Up for 10,580 SF
Gross rent
$228.5K $21.60/SF
− Vacancy
−$18.3K −$1.73/SF
EGI
$210.2K $19.87/SF
− OpEx
−$52.6K −$4.97/SF
NOI
$157.7K $14.90/SF
Area
Jacksonville, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,153,680
Cap Rate 7%
$2,252,629
Cap Rate 9%
$1,752,044
Alternative Uses
Best Use
Specialty Retail
$2.25M
$1.97M – $2.63M
NOI $157,684 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $202,882 @ 7.0% cap · market cap 9.67%
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
1,004
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
10,179 visits/mo
0.5 miles
Demographics for 32216, FL
42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Jacksonville, FL
Properties on Market for Conventional restaurants in Jacksonville
Vacancy Rate% for Retail in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding food-service property with a bar, parking lot, and arterial-road access in Jacksonville.
Where is this conventional restaurant located?
The property is located at 6347 Philips Highway Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: 10,580‑square‑foot restaurant and bar; 1.42‑acre parcel along Philips Highway; On‑site parking lot included
