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Property profile & analytics
FOR LEASE
Distribution centers
7380 Philips Hwy Jacksonville, FL 32256
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-0480580
For Lease
1 / 2
$8,190,000
7380 Philips Hwy, Jacksonville, FL 32256
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1997
Construction
CONCRETE
Total area
31,852 SF
Lot
10.08 ac (439,123 SF)
Zoning code
IH
APN
147989-0000
UPID
US18-0480580
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SYNLawn Jacksonville Landscaping General Contractor
-
Residex LLC Warehouse & Storage
-
Ferguson HVAC Supply Big Box & Wholesale Store Building Supply
-
Ally Building Solutions, LLC Construction Company
-
Mr Greens Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.93M
Blend (final)
Blend
$8.19M
Owner & transaction history
Egrcm Jax I LLC · 4 yrs held
Egrcm Jax I LLC
since 2022
Last sale
$9.5M
4 recorded transactions
Zoning & alternative use
IH · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.0M
+74.0%
Medical building
$7.3M
+57.6%
Auto repair, garage
$6.8M
+47.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jacksonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,960,000
ML approach
$8,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,035,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$7,280,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,795,000
Change: +47% · Conversion: Easy
OFFICE BUILDING
$6,725,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$5,765,000
Change: +25% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,255,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$8.19M
Range $7.37M – $9.01M · ±10% · vs last sale $9.50M (Jun 8 2022)
Last sale anchor
$9.50M
Jun 8 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$257 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$11,065,900
Assessed 2023
Previous assessed
$7,813,200
+41.6% YoY
Assessed land
$813,779
Assessed improvement
$10,252,121
Land market value
$813,779
Improvement market value
$10,252,121
Total market value
$11,065,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1997
Construction
CONCRETE
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
4
Rooms
13
Bathrooms
53
Total area
31,852 SF
Lot
10.08 ac (439,123 SF)
Zoning code
IH
APN
147989-0000
UPID
US18-0480580
Jurisdiction
DUVAL
Zoning & alternative use
IH · Jacksonville, FL
Zoning IH · permitted uses
IH · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.7M
RETAIL STORES
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Rooms
13
Bathrooms
53
Lot
10.08 ac
Current owner
From public records · entity-resolved
Egrcm Jax I LLC
Entity
Free & Clear · 4 yrs held
Mailing address
10165 NW 19TH ST, DORAL, FL 33172-2529
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
$9,500,000
Egrcm Jax I LLC
West Phillips Center LLC
Special Warranty Deed
—
May 5, 2022
—
West Phillips Center LLC
Ep Prop Of Duval Cnty Ltd Partnersh
Correction Deed
related
—
Sep 29, 2005
—
West Phillips Center LLC
Ep Properties Of Duval
Grant Deed
related
—
Sep 15, 2005
$8,400,000
Black Creek Lc
Ep Properties Of Duval Cnty
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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