Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8050 Philips Hwy Jacksonville, FL 32256-7406
    Back to Search
    Property profile & analytics

    8050 Philips Hwy Jacksonville, FL 32256-7406

    View on Map
    • Grocery and convenience stores
    • 6,104 SF
    • 0.68 lot acres
    Off-Market
    Last Sale Oct 14, 2024
    Property ID
    US18-7666234
    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
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chase ATM / Atm
    • Jersey Mike's Subs / Take-out & Catering

    Property Details for 8050 Philips Hwy

    Year built
    2015
    Construction
    STEEL FRAME
    Lot size
    0.68 lot acres
    Property size
    6,104 SF
    Zone code
    IL
    Property type
    Grocery and convenience stores
    APN
    152628-0210
    APU
    1526280210

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,150,000
      6.5%
      $1,060,000
      7%
      $985,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,105,000
      Current use
      COMMERCIAL (GENERAL)
      $1,540,000
      Change: +39% Conversion: Easy
      MEDICAL BUILDING
      $1,395,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,300,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $1,290,000
      Change: +17% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,005,000
      Change: -9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $980,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.588
    Latitude
    30.2237
    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
    $23,246
    $311,010
    $1,293,090
    $1,604,100
    -
    $311,010
    $1,293,090
    $1,604,100

    Comparable in this City

    • Value Estimation
      $3,125,000
      21,025 SF

      9041 Southside Blvd Ste, Unit 118

      GROCERY, SUPERMARKET • 21,025 SF
      9041 Southside Blvd Ste, Jacksonville, FL 32256-8400
      View Details
    • Value Estimation
      $520,000
      3,975 SF

      10910 Baymeadows Rd

      CONVENIENCE STORE • 3,975 SF
      10910 Baymeadows Rd, Jacksonville, FL 32256
      View Details
    • Value Estimation
      $890,000
      6,558 SF

      13567 Philips Hwy

      CONVENIENCE STORE • 6,558 SF
      13567 Philips Hwy, Jacksonville, FL 32256-3707
      View Details
    • Value Estimation
      $1,115,000
      3,028 SF

      11025 Philips Hwy

      CONVENIENCE STORE • 3,028 SF
      11025 Philips Hwy, Jacksonville, FL 32256-1548
      View Details
    • Value Estimation
      $545,000
      3,040 SF

      11760 Philips Hwy

      CONVENIENCE STORE • 3,040 SF
      11760 Philips Hwy, Jacksonville, FL 32256-1642
      View Details
    • Value Estimation
      $520,000
      3,686 SF

      8251 Southside Blvd

      CONVENIENCE STORE • 3,686 SF
      8251 Southside Blvd, Jacksonville, FL 32256-8401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,923 SF

      Retail Property Near Interstate 95

      Retail property with high visibility near major retailers and residential complexes.
      8215 Dix Ellis Trl, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      3,487 SF

      Baymeadows East Professional Office Condo

      3,487 SF office condo in desirable Jacksonville location.
      9191 R G Skinner Pkwy, Jacksonville, FL 32256
      View Details
    • 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
      36,870 SF

      Jacksonville Retail Center For Sale

      36,870 SF retail center in a densely populated submarket.
      9041 Southside Blvd, Jacksonville, FL 32256
      View Details
    • $899,000
      46,609 SF

      Prime Land on Philips Highway

      1.07 acre commercial land parcel on Philips Highway.
      12252 Philips Hwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing

      Jacksonville Medical Office Building For Sale

      Fully occupied medical office building near Ascension St. Vincent’s Hospital.
      7011 A C Skinner Pkwy, Jacksonville, FL 32256
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,944 SF

      Freestanding Building on Baymeadows Road

      Freestanding 3,944 SF building with ample parking for rent.
      10925 Baymeadows Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      1,594 SF

      Office/Retail Complex on Baymeadows Road

      Four-building, one-story office/retail complex with on-site restaurants and daycare.
      8380 Baymeadows Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      5,752 SF

      Retail Space Near Deerwood Center

      Retail space available near Deerwood Center Business Park.
      7999 Philips Hwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      2,455 SF

      New Retail Space with Drive-Thru

      New construction retail space with drive-thru and high visibility.
      8730 Baymeadows Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      700 SF

      Retail Space in Jacksonville, FL

      Retail space available near major employers and residential communities.
      9940 Old Baymeadows Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      3,019 SF

      Freestanding QSR on Baymeadows Road

      Freestanding 3,019 SF QSR space available for lease.
      8761 Baymeadows Rd, Jacksonville, FL 32256
      View Details

    Property Visit Statistics

    • Visits by month
      4.7k
    • Visitors by month
      3.4k
    • Avg Time on site
      18 min
    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.
    8050 Philips Hwy
    Jacksonville, FL 32256-7406
    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
    8050 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!