Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5911 Philips Hwy Jacksonville, FL 32216-5916
    Back to Search
    Property profile & analytics

    5911 Philips Hwy, Jacksonville, FL 32216-5916

    View on Map
    • Distribution centers
    • 58,875 SF
    • 8.93 lot acres
    Off-Market
    Property ID
    US18-4860985
    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.
    Value Estimations
    $3,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TC Delivers / Postal Service / Courier Service

    Property Details for 5911 Philips Hwy

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.93 lot acres
    Zone code
    CCG-2
    Property type
    Distribution centers
    APN
    152665-0300
    APU
    1526650300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 31, 2001 — Terry L Freeman Monument Leasing Corp Quit Claim Deed · related —
    May 31, 2001 $2,085,100 Terry L Freeman Monument Leasing Corp Grant Deed $2.1M · Huntington National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,984,000
      Market price range: $3.98M - $11.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6147
    Latitude
    30.2638
    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
    $50,352
    $1,371,448
    $1,276,152
    $2,647,600
    -
    $1,371,448
    $1,276,152
    $2,647,600

    Comparable in this City

    • Value Estimation
      $4,095,000
      79,721 SF

      5985 Richard St

      DISTRIBUTION WAREHOUSE
      5985 Richard St, Jacksonville, FL 32216-5926
      View Details
    • Value Estimation
      $795,000
      15,052 SF

      6100 Philips Hwy

      DISTRIBUTION WAREHOUSE
      6100 Philips Hwy, Jacksonville, FL 32216-5980
      View Details
    • Value Estimation
      $4,130,000
      77,846 SF

      6601 Executive Park N Ct

      DISTRIBUTION WAREHOUSE
      6601 Executive Park N Ct, Jacksonville, FL 32216-8025
      View Details
    • Value Estimation
      $4,805,000
      94,179 SF

      5941 Richard St

      DISTRIBUTION WAREHOUSE
      5941 Richard St, Jacksonville, FL 32216-5926
      View Details
    • Value Estimation
      $1,880,000
      35,784 SF

      6100 Philips Hwy Ste, Unit 3

      DISTRIBUTION WAREHOUSE
      6100 Philips Hwy Ste, Jacksonville, FL 32216-5983
      View Details
    • Value Estimation
      $1,975,000
      35,051 SF

      5343 Bowden Rd

      DISTRIBUTION WAREHOUSE
      5343 Bowden Rd, Jacksonville, FL 32216-5945
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,050 SF

      Versatile Commercial Property with Storage

      2,050 SQFT commercial space with 1,020 SQFT storage building.
      6424 Beach Blvd, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      35,000 SF

      Jacksonville Office and Warehouse Building

      35,000 SF office and warehouse building in Jacksonville's Southside.
      5343 Bowden Rd, Jacksonville, FL 32216
      View Details
    • Contact for pricing

      Industrial Property on Philips Highway

      Industrial property for sale located on Philips Highway.
      6236 Philips Hwy, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      52,722 SF

      Jacksonville Flex Space Investment Opportunity

      Flex space investment opportunity in Jacksonville with diverse tenant mix.
      5730 Bowden Rd, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      8,700 SF

      Beach Boulevard Commercial Buildings For Sale

      Two buildings with frontage on Beach Blvd, Jacksonville, FL.
      8204 Beach Blvd, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      102,960 SF

      Flex/Office Buildings in Jacksonville, Florida

      Two flex/office buildings totaling 102,960 SF on 14.5 acres.
      6680 Southpoint Pkwy, Jacksonville, FL 32216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,000 SF

      Industrial Space Available For Lease

      50,000 SF industrial space for lease on Philips Hwy.
      6100 Philips Hwy, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      16,500 SF

      Jacksonville Industrial Space For Lease

      Industrial space in Jacksonville, Florida, with convenient access to transportation.
      6016-6030 Bowdendale Ave, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      7,000 SF

      Bowden Rd Flex Space Available

      Flex space for rent with CCG-2 zoning and expansion potential.
      5121 Bowden Rd, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      9,427 SF

      Flex Office and Industrial Park

      Two-building flex office and industrial park in Jacksonville's Southside.
      8711 Perimeter Park Blvd, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      25,000 SF

      Industrial Warehouse Opportunity

      Large industrial property with existing lease and vacant space.
      8801 Corporate Square Ct, Jacksonville, FL 32216
      View Details
    • Contact for pricing
      1,840 SF

      Flexible Space in Southside Jacksonville

      Industrial/business park location with flexible spaces and convenient access.
      8802 Corporate Square Ct, Jacksonville, FL 32216
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5911 Philips Hwy
    Jacksonville, FL 32216-5916
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5911 Philips Hwy, Jacksonville, FL, 32216
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!