Normandy Blvd Warehouse/Showroom For
For Sale
Contact for pricing
5343 Normandy Blvd, Jacksonville, FL 32205
95,615 SF warehouse/showroom on 3.84 acres in Jacksonville, FL.
Property Size95,615 SF
Lot Size3.84 Acres
Price / SF$83.67
Days on Market1110
Property Features for 5343 Normandy Blvd
General Information
Standard status
Active
Size
95,615 SF
Class
C
Lot size
3.84 Acres
Property subtype
Industrial
Zoning
CCG-2
Investment Type
Owner/User
Building Details
Year Built
1953
Year Renovated
2023
Listing Agency:
Newmark Phoenix Realty Group Jacksonville
(904) 399-5222
Listed By:
Bryan Bartlett · License #SL682389
Source:
Crexi
Added: Aug 10, 2023
Changed: Aug 8
Last Checked: Aug 21 at 5:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark Phoenix Realty Group Jacksonville
Investment Insights
Based on property information with market context.
The property is a 95,615 square foot warehouse and showroom building situated on a 3.84-acre parcel. The office and showroom space comprises approximately 28,000 square feet. The warehouse features an 18-foot clear height and a wet pipe sprinkler system. The column spacing is 37 feet by 30 feet. Loading is facilitated by dock-high loading with a covered platform. Recent upgrades include a new roof and other major improvements throughout the building. City water and sewer utilities are in place. The owner is open to a sale-leaseback arrangement for a portion of the building. Alternatively, the owner will consider selling to an owner-user and vacating the premises upon a successful closing.
Key Highlights
- ±95,615 SF Office/Showroom/Warehouse Space
- New Roof and Major Upgrades Throughout
- Dock High Loading with Covered Platform
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$645,143
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,902,860
$12.9M
Cap Rate 7%
$9,216,329
$9.2M
Cap Rate 9%
$7,168,256
$7.2M
Market Conditions
NOI Build-Up for 95,615 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$803.2K $8.40/SF
− Vacancy
−$44.2K −$0.46/SF
EGI
$759.0K $7.94/SF
− OpEx
−$113.8K −$1.19/SF
NOI
$645.1K $6.75/SF
Area
Jacksonville, FL
Vacancy
5.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,902,860
Cap Rate 7%
$9,216,329
Cap Rate 9%
$7,168,256
Alternative Uses
Best Use
Retail
$15.44M
$13.51M – $18.01M
NOI $1,080,660 @ 7.0% cap · market cap 13.51%
Second Best
Warehouse
$9.22M
$8.06M – $10.75M
NOI $645,143 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$26.19M
$22.92M – $30.56M
NOI $1,833,513 @ 7.0% cap · market cap 22.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32205, FL
29,605
Population
16,188
Households
1.8
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
3,845
Density / Sq Mi
$60,609
Median Household Income
$43,122
Median Earnings
$1,190
Median Rent
$257,900
Median Home Value
Market
Vacancy Rate% for Industrial in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - 95,615 SF warehouse/showroom on 3.84 acres in Jacksonville, FL.
Where is this warehouse located?
The property is located at 5343 Normandy Blvd Jacksonville, FL.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: ±95,615 SF Office/Showroom/Warehouse Space; New Roof and Major Upgrades Throughout; Dock High Loading with Covered Platform
