Are Jacksonville home prices expected to drop further?

Nobody can honestly promise a specific direction. Prices are down modestly year over year, not falling sharply, and the market is described as balanced to slightly seller-favoring by most current reporting — not a buyer's market in the way the term usually implies.

How many days does it actually take to buy a house in Jacksonville right now?

It depends heavily on the specific home. Current data shows a real split: well-priced homes in strong areas can go under contract in under two weeks, while others sit for three months or more. The citywide average sits somewhere in between and can be misleading on its own.

Is Jacksonville still a buyer's market or a seller's market?

Most current data puts it close to balanced, with a slight lean toward sellers overall — but this varies meaningfully by neighborhood and price point, which is why a citywide label only tells part of the story.

Should I wait for mortgage rates to drop before buying?

That's a real financial trade-off, not a simple yes or no — rates have actually trended up, not down, through this fall. A monthly-payment conversation based on your actual numbers is more useful than a guess about where rates go next.

8629 PHILIPS Highway, Jacksonville, FL 32256 (MLS# 2171209)

8629 PHILIPS Highway, Jacksonville, FL 32256

$4,533.33

Property Type: Commercial Lease Square Footage: 13,280 Lot Size (sq. ft.): 29,185 Status: Active

Current Price: $4,533.33 List Date: 10/28/2026 Last Modified: 10/28/2026

Overview

Description

This multi-tenant industrial building offers two (2) ±3,200 SF units in Jacksonville's robust Southside submarket. Each unit features a renovated office, restroom, functional warehouse space, and a dedicated grade-level drive-in door, accommodating a variety of industrial uses.

Listing Details MLS# 2171209

General Property Information

Number Of Units Total: 2
Building Area Total: 13280
Accessibility Features YN: Yes
Year Built: 1987
Lot Size Acres: 0.67
Leasable Area: 3200
Directions: Follow the signs to merge onto I-295 East toward the Beaches, then take the exit for Philips Highway (US-1) and head south toward Baymeadows Road. Continue on Philips Highway until you reach 8629 Philips Highway, Jacksonville, FL 32256, which will be on your right.
Public Remarks: This multi-tenant industrial building offers two (2) ±3,200 SF units in Jacksonville's robust Southside submarket. Each unit features a renovated office, restroom, functional warehouse space, and a dedicated grade-level drive-in door, accommodating a variety of industrial uses.
List Price/SqFt: 0.34

Property Features

Additional Lease Terms: Negotiable Business Type: Industrial Current Use: Industrial Existing Lease Type: NNN Lease Includes: Building & Land Lot Features: Other Parking Features: Other Special Listing Conditions: Standard Tenant Pays: All Utilities; Cable TV; Common Area Maintenance; Electricity; Insurance; Janitorial Service; Repairs; Sewer; Taxes; Telephone; Trash Collection; Water

Contract Information

Base Rent +: 9600
Pass Thru Per/Month =: 800
Base Rent Per Year: 44800
CAM YN: No
– + CAM, Taxes, Insurance: 9600
Listing Contract Date: 2026-10-27
Property Sub Type: Industrial
Availability Date: 2026-10-28

Location Tax and Legal

Street Number: 8629
Street Name: PHILIPS
Street Suffix: Highway
County: Duval
State: FL
Postal Code: 32256
MLS Area Major: 024-Baymeadows/Deerwood

Status Change Information

Major Change Timestamp: 2026-10-28T14:27:41Z
Major Change Type: New Listing

Building Features

# Overhead Doors: Yes
Street Depth: 417 Pine Bluff Dr

More Information

Unit 1 Details

Unit ID: Yes
Annual Rent: 54400
Unit SqFt: 3200
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: 3,200 SF - can be combined up to 6,400 SF

Unit 2 Details

Unit ID: 2
Annual Rent: 55400
Unit SqFt: 3200
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: 3,200 SF - can be combined up to 6,400 SF

Documents

8629 Philips - Lease Brochure ›

Listing Office: KINKADE COMMERCIAL REAL ESTATE

Last Updated: October - 28 - 2026

Information deemed reliable but not guaranteed.

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Zelda Greenberg is a real estate agent affiliated with Legacy Realty Group North Florida, Inc., a licensed real estate brokerage that abides by equal housing opportunity laws. This is not intended to solicit property already listed. All material presented is intended for informational purposes only. Information is compiled from sources that are deemed reliable but subject to price changes, condition, sale, withdrawal, and errors & omissions.

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