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 Market1155
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
Listed By:
Bryan Bartlett · License #SL682389
(904) 399-5222
Source:
Crexi
Added: Aug 10, 2023
Changed: Oct 7
Last Checked: Oct 7 at 11:30AM
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 / Yr
$645,143
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
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
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 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Public Storage — 979 Lane Ave S, Jacksonville, FL 32205
- Self-Storage at U-Haul — 5481 Normandy Blvd, Jacksonville, FL 32205
- Hailey Storage Units - Cheap Self Storage Near You — 5310 Lenox Ave, Jacksonville, FL 32205
- Quintana's RV & Boat Storage Center — 465 Roberts St, Jacksonville, FL 32254
- Bluedeck Boat Storage — 5439 Harriet Ave, Jacksonville, FL 32254
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
