Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7720 Philips Hwy Jacksonville, FL 32256-6814
    Back to Search
    Property profile & analytics

    7720 Philips Hwy, Jacksonville, FL 32256-6814

    View on Map
    • Distribution centers
    • 92,772 SF
    • 4.99 lot acres
    Off-Market
    Last Sale Dec 29, 2025
    Property ID
    US18-6260614
    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
    $8,900,000
    Show details
    Cap Rate Potential
    9.9%
    Distribution centers
    Location Intelligence

    Current Use by Public Records

    • HELP ME MARKET PLEASE | VORTEX STUDIO LABS / Media Distribution
    • Outdoor Dream Company / (Bike/Boat/Book/etc) Store / Kitchen & Bath Showroom
    • Revere Supply Co / Surveyor

    Property Details for 7720 Philips Hwy

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.99 lot acres
    Zone code
    IH
    Property type
    Distribution centers
    APN
    152564-0210
    APU
    1525640210

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2025 — Crabtree Plumbing INC Frg X Fl2 LP Deed —
    Mar 8, 2022 $9,600,000 Frg X Fl2 LP Robeit T Wolferiden Special Warranty Deed —
    Dec 29, 2010 $2,720,000 Zawyer Realty LLC Haverty Furniture Companies In Grant Deed —
    Sep 26, 2008 — Furniture Companies In Haverty Wachovia Bk Grant Deed · related —
    Dec 17, 2007 — Haverty Furniture Co INC Wachovia Bank NA Grant Deed · related —

    Description

    This exceptional 100,625-square-foot multi-tenant industrial facility is strategically located on Jacksonville's Phillips Highway corridor, a prime industrial submarket. The property, situated on approximately 4.91 acres, boasts a 44,934-square-foot space currently available for lease. Built in 1981 and renovated in 2020, this Class B building features concrete block construction and offers a 22-foot clear ceiling height, ideal for various manufacturing, warehouse, and distribution needs. The property includes 11 loading docks, two drive-ins, and ample parking with 74 total spaces. A significant advantage is the 0.68-acre truck court, fully fenced and secured with gated access. The property is zoned IH (Heavy Industrial) and benefits from 3-phase, 480V power. The minimum divisible space is 44,934 square feet, making it suitable for a range of businesses. This location provides excellent access to US Highway 1, ensuring seamless transportation and logistics. The property's features and location make it an attractive opportunity for businesses seeking efficient and well-equipped industrial space in a thriving Jacksonville submarket. The APN is 152564-0210.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,045,000
      ML approach
      $8,465,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,265,000
      6.5%
      $12,245,000
      7%
      $11,370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,193,000
      Market price range: $8.42M - $17.3M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $13,450,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5929
    Latitude
    30.2306
    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
    $119,267
    $482,798
    $5,991,402
    $6,474,200
    -
    $482,798
    $5,991,402
    $6,474,200

    Comparable in this City

    • Value Estimation
      $4,225,000
      57,022 SF

      7750 Bayberry Rd

      DISTRIBUTION WAREHOUSE
      7750 Bayberry Rd, Jacksonville, FL 32256-6857
      View Details
    • Value Estimation
      $9,895,000
      67,170 SF

      8475 Western Way Ste, Unit 100

      DISTRIBUTION WAREHOUSE
      8475 Western Way Ste, Jacksonville, FL 32256-0361
      View Details
    • Value Estimation
      $1,035,000
      15,047 SF

      8641 Western Way

      DISTRIBUTION WAREHOUSE
      8641 Western Way, Jacksonville, FL 32256-0360
      View Details
    • Value Estimation by Request
      70,140 SF

      7829 Bayberry Rd

      Distribution properties
      7829 Bayberry Rd, Jacksonville, FL 32256
      View Details
    • Value Estimation
      $8,190,000
      31,852 SF

      7380 Philips Hwy, Unit 100

      DISTRIBUTION WAREHOUSE
      7380 Philips Hwy, Jacksonville, FL 32256-6833
      View Details
    • Value Estimation
      $10,015,000
      140,766 SF

      8019 Bayberry Rd

      DISTRIBUTION WAREHOUSE
      8019 Bayberry Rd, Jacksonville, FL 32256-7411
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Southside Jacksonville Distribution Center

      Master-planned development with office/showroom and warehouse space.
      8500 Baycenter Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      48,875 SF

      Versatile Industrial/Flex Space For Sale

      Fully leased industrial space with diversified tenant mix and excellent location.
      9093 Philips Hwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      11,661 SF

      Class A Warehouse For Sale

      Well-maintained warehouse with long-term tenant and office space.
      11590 Davis Creek Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing

      Baymeadows Area Industrial Facility

      181,120 SF two-building facility with easy interstate access.
      8475 Western Way, Jacksonville, FL 32256
      View Details
    • Contact for pricing

      Baycenter Road Warehouse Opportunity

      Warehouse property available on Baycenter Road in Jacksonville, Florida.
      8320 Baycenter Rd, Jacksonville, FL 32256
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,010 SF

      Industrial Space Available For Lease

      14,010 SF industrial space with loading docks for lease.
      9440 Philips Hwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      18,080 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

      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
      46,980 SF

      Warehouse with 25' Clear Height

      68,600 SF warehouse featuring a side load configuration.
      8019 Bayberry Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing

      Baymeadows Flex Space Available

      Multi-tenant flex development in Baymeadows with flexible space options.
      8923 Western Way, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      1,600 SF

      Flex Office Industrial Park Space

      Flex office and warehouse spaces available for rent.
      8036 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.
    7720 Philips Hwy
    Jacksonville, FL 32256-6814
    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
    7720 Philips Hwy, Jacksonville, FL, 32256
    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!