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    8975 Philips Hwy Jacksonville, FL 32256-1303
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    8975 Philips Hwy Jacksonville, FL 32256-1303

    View on Map
    • Warehouses
    • 3,600 SF
    • 0.58 lot acres
    Off-Market
    Property ID
    US18-5485334
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Laurie Authentic Towing Company / Auto Repair Shop

    Property Details for 8975 Philips Hwy

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    0.58 lot acres
    Property size
    3,600 SF
    Zone code
    IL
    Property type
    Warehouses
    APN
    152580-0360
    APU
    1525800360

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.5735
    Latitude
    30.2029
    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
    $0.00
    $120,660
    $225,240
    $345,900
    -
    $120,660
    $225,240
    $345,900

    Comparable in this City

    • 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
    • Value Estimation
      $860,000
      6,575 SF

      11741 Philips Hwy

      WAREHOUSE, STORAGE • 6,575 SF
      11741 Philips Hwy, Jacksonville, FL 32256-1643
      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 by Request
      340 SF

      7200 A C Skinner Pkwy

      WAREHOUSE, STORAGE • 340 SF
      7200 A C Skinner Pkwy, Jacksonville, FL 32256
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Southside Jacksonville Distribution Center

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      48,875 SF

      Versatile Industrial/Flex Space For Sale

      Fully leased industrial space with diversified tenant mix and excellent location.
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      Baymeadows Area Industrial Facility

      181,120 SF two-building facility with easy interstate access.
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      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
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    • $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
    • $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

    Similar Nearby for Lease

    • Contact for pricing

      Greystone Park at Deerwood

      Located at the heart of I-295 and J. Turner Butler Boulevard.
      10550 Deerwood Park Blvd, Jacksonville, FL 32256
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    • Contact for pricing
      79,542 SF

      Baycenter Road Warehouse Space

      79,542 square foot warehouse space available for rent.
      8313 Baycenter Rd, Jacksonville, FL 32256
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    • 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
    • Contact for pricing

      Baymeadows Flex Space Available

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

      Flex Office Industrial Park Space

      Flex office and warehouse space in Baycenter Commerce Park.
      8030 Philips Hwy, Jacksonville, FL 32256
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      Industrial Space Available For Rent

      Industrial space available, offering 4,500 SqFt.
      11366 Trade Ct, Jacksonville, FL 32256
      View Details

    Property Visit Statistics

    • Visits by month
      2.0k
    • Visitors by month
      1.7k
    • Avg Time on site
      14 min
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    Jacksonville, FL 32256-1303
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    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
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