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

    6956 Phillips Pkwy N Dr Jacksonville, FL 32256-1583

    • Office buildings
    • 3,880 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3783339
    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

    • Stonebridge Roofing, Energy and Exteriors / Roofing Company / General Contractor

    Property Details for 6956 Phillips Pkwy N Dr

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    1.03 lot acres
    Property size
    3,880 SF
    Zone code
    IL
    Property type
    Office buildings
    APN
    167865-1600
    APU
    1678651600

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $965,000
      6.5%
      $890,000
      7%
      $830,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $989,000
      Market price range: $471k - $1.19M
      AI Estimate
      $630,000
      Market price range: $171k - $820k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $820,000
      Current use
      COMMERCIAL (GENERAL)
      $980,000
      Change: +19% Conversion: Easy
      MEDICAL BUILDING
      $885,000
      Change: +8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $825,000
      Change: +1% Conversion: Difficult
      RETAIL STORES
      $700,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5336
    Latitude
    30.1678
    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
    $0.00
    $248,682
    $480,118
    $728,800
    -
    $248,682
    $480,118
    $728,800

    Comparable in this City

    • Value Estimation
      $5,165,000
      29,837 SF

      8540 Baycenter Rd

      OFFICE BUILDING • 29,837 SF
      8540 Baycenter Rd, Jacksonville, FL 32256-7420
      View Details
    • Value Estimation
      $4,445,000
      42,356 SF

      9250 Baymeadows Rd

      OFFICE BUILDING (MULTI-STORY) • 42,356 SF
      9250 Baymeadows Rd, Jacksonville, FL 32256-1883
      View Details
    • Value Estimation
      $10,145,000
      89,190 SF

      10407 Centurion N Pkwy

      OFFICE BUILDING (MULTI-STORY) • 89,190 SF
      10407 Centurion N Pkwy, Jacksonville, FL 32256-0585
      View Details
    • Value Estimation
      $1,945,000
      8,700 SF

      10393 Fortune Pkwy

      OFFICE BUILDING • 8,700 SF
      10393 Fortune Pkwy, Jacksonville, FL 32256-3521
      View Details
    • Value Estimation
      $8,890,000
      46,138 SF

      7880 Gate Pkwy

      OFFICE BUILDING (MULTI-STORY) • 46,138 SF
      7880 Gate Pkwy, Jacksonville, FL 32256-7281
      View Details
    • Value Estimation
      $1,265,000
      6,829 SF

      7700 Sq Lk Blvd

      OFFICE BUILDING • 6,829 SF
      7700 Sq Lk Blvd, Jacksonville, FL 32256-5498
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36,000 SF

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      Office building in a master-planned park with lakefront setting.
      8200 Nations Way, Jacksonville, FL 32256
      View Details
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      Jacksonville Medical Office Building For Sale

      Fully occupied medical office building near Ascension St. Vincent’s Hospital.
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    • $500,000
      4,617 SF

      Renovated Office Space For Sale

      Completely renovated office space with convenient access to major roads.
      9210 Cypress Green Dr, Jacksonville, FL 32256
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      344,000 SF

      Jacksonville Office Building For Sale

      344,000 square foot office building in Jacksonville, Florida.
      8100 Nations Way, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      34,200 SF

      Cypress Point Office Building

      Office building in Cypress Point Business Park with lakefront setting.
      8201 Cypress Plaza Dr, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      22,421 SF

      Baymeadows Way Office Buildings

      Two renovated office buildings with long-term government leases.
      7954 Baymeadows Way, Jacksonville, FL 32256
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      3,355 SF

      Renovated Office Building For Lease

      Renovated office building with easy access and ample amenities.
      7751 Belfort Pkwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing

      Modern Offices with Lake Views

      Modern offices with lake views, remodeled lobbies, and conference center.
      8657 Baypine Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      2,264 SF

      Renovated Office Space in Deerwood

      Recently renovated office buildings with convenient access and turnkey spaces.
      7933 Baymeadows Way, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      8,936 SF

      Class A Office Campus

      Three-building office campus with open floor plans and ample parking.
      10301 Deerwood Park Blvd, Jacksonville, FL 32256
      View Details
    • $24 SF/Yr
      51,516 SF

      Southpoint Office Space For Lease

      Office building in Southpoint with excellent amenities and highway access.
      4655 Salisbury Rd, Jacksonville, FL 32256
      View Details
    • $24 SF/Yr
      96,049 SF

      Premier Jacksonville Office Space Available

      Class A office space with I-95 frontage and modern amenities.
      5200 Belfort Rd, Jacksonville, FL 32256
      View Details
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    Jacksonville, FL 32256-1583
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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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