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    Property profile & analytics

    11035 Philips Hwy Jacksonville, FL 32256

    • Strip malls
    • 26,519 SF
    • 2.25 lot acres
    For Lease
    View listing
    Value Estimations
    $695,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0715609
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shane's Sandwich Shop Inc / Sandwich Shop
    • Galaxy Energy / Health Counselor
    • Rosati's Pizza / Pizza Restaurant
    • Dollar Car Rental - Jacksonville South Hle Dollar DLE / Car Rental Agency
    • Reach Destiny Arts / Dance School

    Property Details for 11035 Philips Hwy

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.25 lot acres
    Property size
    26,519 SF
    Zone code
    CCG-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    156590-0200
    APU
    1565900200

    Description

    Avenues South, a single-story, 26,632 square foot shopping center in Duval County, offers exceptional retail and restaurant opportunities. Built in 1998 on a 2.25-acre lot, this established center boasts a prime location just south of The Avenues Mall, strategically positioned amidst a concentration of new car dealerships and furniture stores, ensuring high visibility and foot traffic. The property features a total of 26,632 square feet of retail/showroom space, currently offering two available spaces ranging from 2,600 to 4,450 square feet, ideal for a variety of businesses. The property's APN is 156590-0200. This is a multi-tenant property presenting a unique chance to establish or expand your business in a thriving commercial area. The building's single-story design provides easy accessibility and ample parking for customers and employees. Its location within a well-established retail corridor guarantees a strong customer base and significant potential for growth. This property represents a compelling investment opportunity in a high-demand area with excellent visibility and convenient access. The property's established presence and strategic location make it an attractive option for businesses seeking a strong foothold in a bustling commercial district. Contact us today to learn more about this exceptional retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $815,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $579,000
      Market price range: $579k - $1.26M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5426
    Latitude
    30.1702
    CBSA code
    27260
    CBSA name
    JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $56,924
    $937,073
    $2,292,727
    $3,229,800
    -
    $937,073
    $2,292,727
    $3,229,800

    Comparable in this City

    • Value Estimation
      $335,000
      11,792 SF

      9039 Southside Blvd

      SHOPPING CENTER, STRIP CENTER • 11,792 SF
      9039 Southside Blvd, Jacksonville, FL 32256-8417
      View Details
    • Value Estimation
      $330,000
      12,250 SF

      9041 Southside Blvd

      SHOPPING CENTER, STRIP CENTER • 12,250 SF
      9041 Southside Blvd, Jacksonville, FL 32256-5484
      View Details
    • Value Estimation
      $500,000
      21,140 SF

      8358 Pt Mdws Dr

      SHOPPING CENTER, STRIP CENTER • 21,140 SF
      8358 Pt Mdws Dr, Jacksonville, FL 32256-9683
      View Details
    • Value Estimation
      $225,000
      8,664 SF

      9303 Baymeadows Rd

      SHOPPING CENTER, STRIP CENTER • 8,664 SF
      9303 Baymeadows Rd, Jacksonville, FL 32256-7709
      View Details
    • Value Estimation
      $225,000
      4,160 SF

      9974 Old Baymeadows Rd, Unit 5

      SHOPPING CENTER, STRIP CENTER • 4,160 SF
      9974 Old Baymeadows Rd, Jacksonville, FL 32256-8103
      View Details
    • Value Estimation
      $380,000
      9,937 SF

      5016 Gate Pkwy

      SHOPPING CENTER, STRIP CENTER • 9,937 SF
      5016 Gate Pkwy, Jacksonville, FL 32256-8181
      View Details

    Similar Nearby for Sale

    • $11,870,000
      36,870 SF

      Jacksonville Retail Center For Sale

      36,870 SF retail center in a densely populated submarket.
      9041 Southside Blvd, Jacksonville, FL 32256
      View Details
    • $940,000
      3,993 SF

      Jacksonville Office Building: Prime Location

      New Construction, 3,993 sq ft Office
      9080 Baymeadows Park Dr, Jacksonville, FL 32256
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    • $3,360,000
      3,923 SF

      Retail Property Near Interstate 95

      Retail property with high visibility near major retailers and residential complexes.
      8215 Dix Ellis Trl, Jacksonville, FL 32256
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    • $649,900
      0.54 Acres

      Half Acre Lot in Jacksonville

      Residential land for sale in Jacksonville, Florida.
      0000-A Hollyridge Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      71 SF

      128 Acres Land For Development

      128 acres of land suitable for residential development.
      1201 Bernard Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing

      Commercial Land Near I-95

      Commercial land with flexible zoning, near I-95 and Philips Hwy.
      Fortune Pkwy, Jacksonville, FL 32256
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,060 SF

      Retail Center in Southside Jacksonville

      Community retail center with high visibility and accessibility.
      8206 Philips Hwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Jacksonville, FL

      Retail space available in a recently renovated Jacksonville center.
      9942 Old Baymeadows Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      26,632 SF

      Avenues South Retail Center

      Prime Retail Space, Duval County
      11035 Philips Hwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      1,600 SF

      Retail Center at Gate Parkway

      Neighborhood retail center in Jacksonville's expanding southeast market.
      7840 Gate Pkwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      1,400 SF

      Anchored Shopping Center Space

      Retail space available in Jacksonville, Florida shopping center.
      9550 Baymeadows Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      6,750 SF

      Retail Space Near Avenues Mall

      Retail space with high traffic near Super Walmart and Avenues.
      10290 Philips Hwy, Jacksonville, FL 32256
      View Details
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    Jacksonville, FL 32256
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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