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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3401 Philips Hwy Jacksonville, FL 32207-5609

    • Distribution centers
    • 40,500 SF
    • 3.00 lot acres
    OFF-MARKET
    Last Sale
    Apr 14, 2021
    $4,559,300
    Value Estimations
    $4,575,000
    Show details
    Cap Rate Potential
    5.5%
    Distribution centers
    Location Intelligence
    Property ID
    US18-4617238
    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

    • Beacon Waterproofing Products (formerly Coastal Construction Products) / Building Materials Supplier

    Property Details for 3401 Philips Hwy

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.00 lot acres
    Property size
    40,500 SF
    Zone code
    CCG-2
    Property type
    Distribution centers
    APN
    126011-0000
    APU
    1260110000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,955,000
      ML approach
      $5,100,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,555,000
      6.5%
      $4,205,000
      7%
      $3,905,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,067,000
      Market price range: $1.28M - $4.39M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,495,000
      Current use
      RETAIL STORES
      $7,330,000
      Change: +63% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $6,685,000
      Change: +49% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6367
    Latitude
    30.2926
    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
    $62,964
    $544,585
    $3,033,315
    $3,577,900
    -
    $544,585
    $3,033,315
    $3,577,900

    Comparable in this City

    • Value Estimation
      $4,085,000
      40,401 SF

      4344 Philips Hwy

      DISTRIBUTION WAREHOUSE • 40,401 SF
      4344 Philips Hwy, Jacksonville, FL 32207-6732
      View Details
    • Value Estimation
      $1,640,000
      25,434 SF

      5030 Spg Park Rd

      DISTRIBUTION WAREHOUSE • 25,434 SF
      5030 Spg Park Rd, Jacksonville, FL 32207-7459
      View Details
    • Value Estimation by Request
      10,289 SF

      3027 Dawn Rd

      DISTRIBUTION WAREHOUSE • 10,289 SF
      3027 Dawn Rd, Jacksonville, FL 32207-7946
      View Details
    • Value Estimation
      $4,815,000
      61,526 SF

      3350 Philips Hwy

      DISTRIBUTION WAREHOUSE • 61,526 SF
      3350 Philips Hwy, Jacksonville, FL 32207-4312
      View Details
    • Value Estimation
      $2,420,000
      40,035 SF

      5510 Philips Hwy

      DISTRIBUTION WAREHOUSE • 40,035 SF
      5510 Philips Hwy, Jacksonville, FL 32207-1719
      View Details
    • Value Estimation
      $1,235,000
      12,160 SF

      5225 Philips Hwy Ste, Unit 1

      DISTRIBUTION WAREHOUSE • 12,160 SF
      5225 Philips Hwy Ste, Jacksonville, FL 32207-7984
      View Details

    Similar Nearby for Sale

    • $2,970,000

      Downtown Jacksonville Warehouse

      Rare Multi-Use Warehouse, Move-In Ready
      1451 Louisa St, Jacksonville, FL 32207
      View Details
    • $1,100,000

      Jacksonville Warehouse Investment Opportunity

      Prime Duval County warehouse, 17,424 sq ft lot.
      2565 Philips Hwy, Jacksonville, FL 32207
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    • $3,499,000
      27,000 SF

      Prime Commercial Property on St. Augustine

      High-visibility commercial property in Jacksonville's Southside corridor.
      4556 Saint Augustine Rd, Jacksonville, FL 32207
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      16,572 SF

      San Marco Warehouse For Sale

      16,572 SF warehouse in Jacksonville's San Marco submarket.
      1840 River Oaks Rd, Jacksonville, FL 32207
      View Details
    • $435,900
      1,632 SF

      Jacksonville Multi-Use Zoned Property

      Multi-use property perfect for business with office and manufacturing space.
      2822 Robert St, Jacksonville, FL 32207
      View Details
    • $680,000

      Jacksonville Industrial Flex Space

      Prime Flex Space, Owner-User Opportunity
      4104 St Augustine Rd, Jacksonville, FL 32207
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    Similar Nearby for Lease

    • $6 SF/Yr
      71,136 SF

      Jacksonville Industrial Space For Lease

      71,136 SF Warehouse, Manufacturing, Distribution
      5032 Philips Hwy, Jacksonville, FL 32207
      View Details
    • $14 SF/Yr
      20,440 SF

      Fairmont Street Business Park

      Jacksonville Flex Warehouse Space
      5317 Fairmont St, Jacksonville, FL 32207
      View Details
    • $15 SF/Yr
      3,984 SF

      Prime Spring Park Warehouse

      Single-Tenant Industrial Space, 3,984 SF
      3727 Spring Park Rd, Jacksonville, FL 32207
      View Details
    • $8 SF/Yr
      11,220 SF

      Warehouse with Central Location

      Warehouse with pallet racks, forklift, and container storage.
      4225-4237 Clinton Ave, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      54,297 SF

      Beach Blvd. Commercial Property

      Jacksonville medical office space, high traffic.
      5940 Beach Blvd, Jacksonville, FL 32207
      View Details
    • Contact for pricing
      3,000 SF

      Industrial Space on St. Augustine

      Industrial space for lease with excellent location and I-95 access.
      4549 Saint Augustine Rd, Jacksonville, FL 32207
      View Details
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    Jacksonville, FL 32207-5609
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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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