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    1584 Vlg Pkwy Jacksonville, FL 32221

    For Sale
    Contact for pricing

    79,310 SF Office Complex, High NOI

    Property size:
    79,310 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents Normandy Village Plaza, a 79,310-square-foot office complex situated on a 10.91-acre lot in Jacksonville, Florida. The property is strategically located at 1584 Village Pkwy, 32221, boasting high visibility and accessibility due to its position along busy Normandy Boulevard, with convenient access to I-295. The plaza comprises two distinct buildings: a fully leased 27,328-square-foot medical office building generating a substantial net operating income (NOI) of $342,496.44 annually, and a 51,982-square-foot space previously occupied by a Publix Supermarket, presenting significant redevelopment potential. The property is zoned CCG-1, offering flexibility for future uses. This value-add investment is currently 100% occupied under a NNN lease structure, providing a strong foundation for immediate income and long-term growth in a thriving Jacksonville submarket characterized by new residential developments and major retailers. The property's prime location and substantial size make it an attractive proposition for investors seeking both immediate returns and future upside. The combination of a stable, income-producing medical office building and a large, redevelopable space provides a unique opportunity to capitalize on the area's growth trajectory.

    Property Features for 1584 Vlg Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    79,310 SF
    Lot Size
    475,240 SF

    HighLights

    • 79,310 square feet total building area in two buildings.
    • 51,982 square foot former Publix supermarket space at 1550 Normandy Village Pkwy.
    • 27,328 square foot fully leased medical office building at 1584 Normandy Village Pkwy, generating $342,496.44 annual NOI.
    • 10.91‑acre lot in Jacksonville, FL, zoned CCG‑1, with high visibility on Normandy Blvd and I‑295 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jacksonville
    County
    Franklin
    State
    Florida
    Longitude
    -81.8879884
    Latitude
    30.253501

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    FAQs

    What type of property is this?
    Office Property / Space - 79,310 SF Office Complex, High NOI
    Where is this office property / space located?
    The property is located at 1584 Vlg Pkwy Jacksonville, FL.
    What are key features of this property?
    This property features: 79,310 square feet total building area in two buildings.; 51,982 square foot former Publix supermarket space at 1550 Normandy Village Pkwy.; 27,328 square foot fully leased medical office building at 1584 Normandy Village Pkwy, generating $342,496.44 annual NOI.
    (904) 899-0310
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    1584 Vlg Pkwy Jacksonville, FL 32221
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    Jacksonville, FL 32221
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    Realmo Value Estimation

    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.

    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.

    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
    1584 Vlg Pkwy Jacksonville, FL 32221
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