Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6701 Normandy Blvd Jacksonville, FL 32205

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6701 Normandy Blvd Jacksonville, FL 32205

    View on Map
    • Land
    • 14.95 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6701 Normandy Blvd

    Lot size
    14.95 lot acres
    Property type
    Land

    Description

    This exceptional 14.95-acre parcel in Jacksonville, Florida, presents a compelling value-add investment opportunity. Located off Normandy Boulevard and less than a quarter-mile from Cecil Commerce Parkway, this strategically positioned land boasts a fully approved Planned Unit Development (PUD) for 240 residential units. The PUD approval signifies completion of the entitlement process, including zoning compliance, environmental impact assessments, and community planning considerations. Permit plans are ready for submission, streamlining the development process. The property features an established wetland delineation line, ensuring compliance with environmental regulations. This fee-simple ownership offers significant potential for a multifamily development in a prime Jacksonville location, providing convenient access to major roadways and city amenities. The asking price is $4,400,000. The APN is 002185-0000. The property is classified as Class B and is zoned for both commercial and residential use. While a pro-forma NOI and cap rate are not currently available, the significant potential for rental income makes this a highly attractive investment. This is a rare opportunity to acquire a fully entitled development site ready for immediate action.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7565
    Latitude
    30.3043

    Comparable in this City

    • Value Estimation by Request

      4600 Park St

      Land
      4600 Park St, Jacksonville, FL 32205
      View Details
    • Value Estimation by Request

      3532 Corby St

      Land
      3532 Corby St, Jacksonville, FL 32205
      View Details
    • Value Estimation by Request

      5333-5337 Lenox Ave

      Land
      5333-5337 Lenox Ave, Jacksonville, FL 32205
      View Details
    • Value Estimation by Request

      1044 Cassat Ave

      Land
      1044 Cassat Ave, Jacksonville, FL 32205
      View Details
    • Value Estimation by Request

      1044 Cassat Ave

      Land
      1044 Cassat Ave, Jacksonville, FL 32205
      View Details
    • Value Estimation
      $850,000
      8,612 SF

      1320 Willow Br Ave

      APARTMENT HOUSE (5+ UNITS) • 8,612 SF
      1320 Willow Br Ave, Jacksonville, FL 32205-8081
      View Details

    Similar Nearby for Sale

    • $1,300,000
      5,270 SF

      Riverfront Multi-Family Historic Charm

      Historic Riverside/Avondale multi-family property with river views and modern comfort.
      2746 Vernon Ter, Jacksonville, FL 32205
      View Details
    • Contact for pricing

      Avondale Triplex Investment Opportunity

      Triplex in historic Avondale, Jacksonville, offering revenue potential.
      1377 Ingleside Ave, Jacksonville, FL 32205
      View Details
    • $729,900
      2,966 SF

      Riverside Four-Unit Investment Opportunity

      Four units in Historic Riverside with parking and central HVAC.
      1519 Azalea Ter, Jacksonville, FL 32205
      View Details
    • New
      $329,000
      3,384 SF

      Jacksonville Quadplex in Historic District

      Quadplex with renovation potential in Jacksonville's historic district.
      2783 Oak St, Jacksonville, FL 32205
      View Details
    • Contact for pricing

      Jacksonville Development Land For Sale

      14.95-acre development land approved for 240 apartment units.
      6701 Normandy Blvd, Jacksonville, FL 32205
      View Details
    • $689,000

      Riverside Multifamily Investment Opportunity

      Four-unit multifamily property in Jacksonville's historic Riverside district.
      1521 Mcduff Ave S, Jacksonville, FL 32205
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Retail Space in Murray Hill

      Ground floor retail space in a mixed-use development.
      840 Edgewood Ave, Jacksonville, FL 32205
      View Details
    • Contact for pricing

      Land with I-10 Visibility

      Land with immediate I-10 access and high traffic volume.
      6526 Ramona Blvd, Jacksonville, FL 32205
      View Details
    • Contact for pricing

      Commercial Land in High-Traffic Area

      Land available for ground lease or build to suit.
      1090 Edgewood Ave N, Jacksonville, FL 32205
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Historic Murray

      Retail spaces available in historic Murray Hill neighborhood.
      935-943 Edgewood Ave S, Jacksonville, FL 32205
      View Details
    • Contact for pricing
      798 SF

      Retail Space in Murray Hill

      Retail space in Jacksonville's historic Murray Hill neighborhood.
      917-925 Edgewood Ave S, Jacksonville, FL 32205
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Historic Murray

      Retail space for rent in a resurgent historic neighborhood.
      1187 Edgewood Ave S, Jacksonville, FL 32205
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6701 Normandy Blvd
    Jacksonville, FL 32205
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!