Property profile

1584 Vlg Pkwy Jacksonville, FL 32221

OFF-MARKET
Office Spaces
79,310 SF 10.91 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Office Spaces
Total area 79,310 SF
Lot 10.91 ac (475,240 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1584 Vlg Pkwy Jacksonville, FL 32221
Jacksonville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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