Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6959 Phillips Pkwy S Dr Jacksonville, FL 32256-1567

    • Warehouses
    • 12,000 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimations
    $1,040,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3269502
    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

    • Contractors Glass / Production Facility
    • Naders Pest Raiders / Garden Center

    Property Details for 6959 Phillips Pkwy S Dr

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.04 lot acres
    Property size
    12,000 SF
    Zone code
    IL
    Property type
    Warehouses
    APN
    167865-1210
    APU
    1678651210

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,386,000
      Market price range: $1.09M - $2.24M
      AI Estimate
      $673,000
      Market price range: $312k - $1.49M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5336
    Latitude
    30.1669
    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
    $15,221
    $247,054
    $633,446
    $880,500
    -
    $247,054
    $633,446
    $880,500

    Comparable in this City

    • Value Estimation
      $2,190,000
      17,250 SF

      8917 Western Way, Unit 1

      WAREHOUSE, STORAGE • 17,250 SF
      8917 Western Way, Jacksonville, FL 32256-0349
      View Details
    • Value Estimation by Request
      340 SF

      7200 A C Skinner Pkwy

      WAREHOUSE, STORAGE • 340 SF
      7200 A C Skinner Pkwy, Jacksonville, FL 32256
      View Details
    • Value Estimation
      $1,130,000
      13,076 SF

      6899 Philips Industrial Blvd

      WAREHOUSE, STORAGE • 13,076 SF
      6899 Philips Industrial Blvd, Jacksonville, FL 32256-3029
      View Details
    • Value Estimation
      $680,000
      5,200 SF

      8701 Philips Hwyj

      MINI-WAREHOUSE, STORAGE • 5,200 SF
      8701 Philips Hwyj, Jacksonville, FL 32256-1373
      View Details
    • Value Estimation
      $13,025,000
      94,293 SF

      8121 Pt Mdws Dr

      MINI-WAREHOUSE, STORAGE • 94,293 SF
      8121 Pt Mdws Dr, Jacksonville, FL 32256-4651
      View Details
    • Value Estimation
      $2,685,000
      24,162 SF

      9100 Philips Hwy

      WAREHOUSE, STORAGE • 24,162 SF
      9100 Philips Hwy, Jacksonville, FL 32256-1308
      View Details

    Similar Nearby for Sale

    • $3,200,000
      11,248 SF

      11,248 SF Flex Office/Warehouse For Sale

      11,248 SF Flex Office/Warehouse For Sale
      10393 Fortune Pkwy , FL, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      0.88 Acres

      Prime Jacksonville Commercial Land

      0.88-acre parcel, ideal QSR/retail.
      0 Bentley Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      51.00 Acres

      Prime Jacksonville Land Development

      51 acres, ideal commercial/residential
      0 Cor Of Mclaurin Rd And Mclaurin Rd, 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
    • $449,000

      Commercial PUD Zoned Lot

      Commercial PUD zoned lot in Jacksonville's Southside submarket.
      Dix Ellis Trl, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      456,617 SF

      32.2-Acre Development Opportunity in Jacksonville

      Prime land for industrial or residential development with income potential.
      8000 Baymeadows Way, Jacksonville, FL 32256
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      149,000 SF

      Baycenter Commerce Center: Jacksonville

      Flex/Warehouse Space Available in Jacksonville
      8030 Philips Hwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      78,425 SF

      Flexible Industrial Space in Baymeadows

      Multi-tenant flex space in a master-planned Jacksonville development.
      8952 Western Way, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      16,625 SF

      Industrial Warehouse with Fenced Yard

      Light industrial warehouse with cross-dock, yard, and fueling station.
      7035 Davis Creek Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      14,000 SF

      Jacksonville Industrial Park Warehouse Space

      Industrial park with spaces ranging from 5,000 to 40,000 SF.
      8168-8190 Baymeadows Way W, Jacksonville, FL 32256
      View Details
    • $13 SF/Yr

      Flex Office/Industrial Warehouse Space

      Flex office and industrial warehouse space available for lease.
      7818 Philips Hwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing

      Flex Office Industrial Park Space

      Flex office and warehouse spaces with dock high loading doors.
      8030 Philips Hwy, Jacksonville, FL 32256
      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.
    6959 Phillips Pkwy S Dr
    Jacksonville, FL 32256-1567
    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

    Google sign-in failed. Please try again or use another login method.