Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8956 Philips Hwy Jacksonville, FL 32256-1304

    • Outlet malls
    • 6,854 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimations
    $910,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4133612
    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

    • Carpet One Floor & Home / Carpet & Flooring Store / Hardware & Home Improvement
    • Homformation / Architecture School

    Property Details for 8956 Philips Hwy

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    1.18 lot acres
    Property size
    6,854 SF
    Zone code
    IL
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    149124-0000
    APU
    1491240000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,290,000
      6.5%
      $1,190,000
      7%
      $1,105,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,240,000
      Current use
      AUTO REPAIR, GARAGE
      $1,460,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $1,450,000
      Change: +17% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,130,000
      Change: -9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,100,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5764
    Latitude
    30.204
    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
    $23,740
    $261,380
    $1,113,420
    $1,374,800
    -
    $261,380
    $1,113,420
    $1,374,800

    Comparable in this City

    • Value Estimation
      $605,000
      5,513 SF

      11657 Philips Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 5,513 SF
      11657 Philips Hwy, Jacksonville, FL 32256-1641
      View Details
    • Value Estimation
      $560,000
      4,000 SF

      8440 Philips Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 4,000 SF
      8440 Philips Hwy, Jacksonville, FL 32256-8206
      View Details
    • Value Estimation
      $25,535,000
      290,796 SF

      7801 Gate Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 290,796 SF
      7801 Gate Pkwy, Jacksonville, FL 32256-7278
      View Details
    • Value Estimation
      $7,300,000
      102,840 SF

      9021 Southside Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 102,840 SF
      9021 Southside Blvd, Jacksonville, FL 32256-8417
      View Details
    • Value Estimation
      $865,000
      134,732 SF

      8054 Philips Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 134,732 SF
      8054 Philips Hwy, Jacksonville, FL 32256-7406
      View Details
    • Value Estimation
      $8,540,000
      117,130 SF

      9041 Southside Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 117,130 SF
      9041 Southside Blvd, Jacksonville, FL 32256-5484
      View Details

    Similar Nearby for Sale

    • 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
    • Contact for pricing

      Southside Jacksonville Distribution Center

      Master-planned development with office/showroom and warehouse space.
      8500 Baycenter Rd, Jacksonville, FL 32256
      View Details
    • $940,000
      3,993 SF

      Jacksonville Office Building: Prime Location

      New Construction, 3,993 sq ft Office
      9080 Baymeadows Park Dr, Jacksonville, FL 32256
      View Details
    • 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
    • $425,000
      11.17 Acres

      Jacksonville Land with Development Potential

      11+ acres near Deer Creek, ideal for investors/home builders.
      Mc Laurin Rd, Jacksonville, FL 32256
      View Details
    • $180,000
      1.44 Acres

      Jacksonville Land For Sale

      1.44 acre commercial land available in Jacksonville, Florida.
      Mc Laurin Rd E, Jacksonville, FL 32256
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Center at Gate Parkway

      Neighborhood retail center in Jacksonville's expanding southeast market.
      7840 Gate Pkwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      1,400 SF

      Anchored Shopping Center Space

      Retail space available in Jacksonville, Florida shopping center.
      9550 Baymeadows Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      6,750 SF

      Retail Space Near Avenues Mall

      Retail space with high traffic near Super Walmart and Avenues.
      10290 Philips Hwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      1,800 SF

      Retail Center in Southside Jacksonville

      Community retail center with high visibility and accessibility.
      8206 Philips Hwy, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      1,714 SF

      Retail Space in Jacksonville Center

      Retail space available in a recently renovated Jacksonville center.
      9930 Old Baymeadows Rd, Jacksonville, FL 32256
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Jacksonville, FL

      Retail space available in a recently renovated Jacksonville center.
      9942 Old Baymeadows Rd, 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.
    8956 Philips Hwy
    Jacksonville, FL 32256-1304
    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.
    Sign Up Successful!
    You now have access to more from Realmo!