1584 Vlg Pkwy Jacksonville, FL 32221
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.