Office Building with Outdoor
For Sale
Contact for pricing
7563 Philips Hwy, Jacksonville, FL 32256
Fully built-out office property within TreeTops Park, featuring outdoor patios and prominent monument signage opportunities.
Property Size12,162 SF
Price / SF$201.45
Days on Market282
Property Features for 7563 Philips Hwy
General Information
Standard status
Active
Size
12,162 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
outdoor patios
monument signage opportunities
Listing Agency:
NAI Hallmark | Jacksonville
(904) 363-9002
Listed By:
Daniel Burkhardt · License #3260896
(904) 404-4455
Source:
Moodyscre
Added: Dec 5, 2025
Changed: Sep 4
Last Checked: Sep 13 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 NAI Hallmark | Jacksonville
Investment Insights
Based on property information with market context.
7563 Philips Highway, Building 100, is a distinctive office property located within TreeTops Park in Jacksonville’s Butler/Baymeadows submarket. The building features unique architecture with outdoor patios and is fully built out for office use.
The property offers direct access to US-1 and is positioned near J. Turner Butler Boulevard (SR-202) and I-95, supporting convenient regional connectivity throughout the Jacksonville MSA. The surrounding area includes a mix of dining, retail, and service amenities for employees and visitors.
The offering also includes prominent monument signage opportunities, supporting tenant visibility for an office operator in this established setting.
The property offers direct access to US-1 and is positioned near J. Turner Butler Boulevard (SR-202) and I-95, supporting convenient regional connectivity throughout the Jacksonville MSA. The surrounding area includes a mix of dining, retail, and service amenities for employees and visitors.
The offering also includes prominent monument signage opportunities, supporting tenant visibility for an office operator in this established setting.
Key Highlights
- Fully built‑out office property in TreeTops Park with outdoor patios
- Direct access to US‑1 and located near J. Turner Butler Boulevard (SR‑202) and I‑95 for regional connectivity
- Prominent monument signage opportunities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$170,317
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,406,340
$3.4M
Cap Rate 7%
$2,433,100
$2.4M
Cap Rate 9%
$1,892,411
$1.9M
Market Conditions
NOI Build-Up for 12,162 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$291.9K $24.00/SF
− Vacancy
−$64.8K −$5.33/SF
EGI
$227.1K $18.67/SF
− OpEx
−$56.8K −$4.67/SF
NOI
$170.3K $14.00/SF
Area
ZIP 32256
Vacancy
22.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,406,340
Cap Rate 7%
$2,433,100
Cap Rate 9%
$1,892,411
Alternative Uses
Best Use
Office B
$2.43M
$2.13M – $2.84M
NOI $170,317 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $227,089 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Explore this area
Business Placement
Demographics for 32256, FL
53,611
Population
27,735
Households
1.9
Avg Household Size
37
Median Age
53%
College-Educated
97%
High-School Grad
61.4 sq mi
ZIP Area
873
Density / Sq Mi
$73,203
Median Household Income
$47,360
Median Earnings
$1,586
Median Rent
$360,200
Median Home Value
Market
Vacancy Rate% for Office in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully built-out office property within TreeTops Park, featuring outdoor patios and prominent monument signage opportunities.
Where is this office building located?
The property is located at 7563 Philips Hwy Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Fully built‑out office property in TreeTops Park with outdoor patios; Direct access to US‑1 and located near J. Turner Butler Boulevard (SR‑202) and I‑95 for regional connectivity; Prominent monument signage opportunities
