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    11137 Normandy Blvd Jacksonville, FL 32221
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    11137 Normandy Blvd, Jacksonville, FL 32221

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    • Bars & Pubs
    • 1,814 SF
    • 1.24 lot acres
    For Sale
    View Listing →
    Normandy Blvd Commercial Land Parcel For Sale
    Contact for pricing
    1.23 Acres

    Normandy Blvd Commercial Land Parcel

    1.234-acre commercial land near Publix Shopping Center.

    11133 Normandy Blvd, Jacksonville, FL
    View Listing
    Property ID
    US18-6170553
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bars & Pubs

    Property Details for 11137 Normandy Blvd

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.24 lot acres
    Zone code
    CCG-2
    Property type
    Bars & Pubs
    APN
    012850-0010
    APU
    128500010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.8474
    Latitude
    30.2686
    CBSA code
    27260
    CBSA name
    JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,727
    $139,697
    $120,203
    $259,900
    -
    $139,697
    $120,203
    $259,900

    Comparable in this City

    • Value Estimation
      $1,885,000
      510 SF

      7788 Normandy Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      7788 Normandy Blvd, Jacksonville, FL 32221-6639
      View Details
    • Value Estimation
      $3,385,000
      3,126 SF

      7755 Normandy Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      7755 Normandy Blvd, Jacksonville, FL 32221-6638
      View Details
    • Value Estimation
      $855,000
      4,240 SF

      6011 Pow Mia Memorial Pkwy, Unit 993

      DRIVE-THRU RESTAURANT, FAST FOOD
      6011 Pow Mia Memorial Pkwy, Jacksonville, FL 32221-8140
      View Details
    • Value Estimation
      $540,000
      3,588 SF

      8040 Normandy Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      8040 Normandy Blvd, Jacksonville, FL 32221-6647
      View Details
    • Value Estimation
      $530,000
      3,134 SF

      11295 Crystal Spgs Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      11295 Crystal Spgs Rd, Jacksonville, FL 32221-1193
      View Details
    • Value Estimation
      $2,375,000
      2,952 SF

      8033 Normandy Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      8033 Normandy Blvd, Jacksonville, FL 32221-6646
      View Details

    Similar Nearby for Sale

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      1,880 SF

      Jacksonville Dual-Tenant NNN Investment Property

      Fully leased property with 7 Brew and Valvoline.
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      1,565 SF

      Popeyes Restaurant on Normandy Blvd

      Popeyes restaurant for sale with a brand new 20-year lease.
      8007 Normandy Blvd, Jacksonville, FL 32221
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      2,500 SF

      NNN Lease Chipotle Restaurant

      New 15-year NNN lease to Chipotle.
      7952 Normandy Blvd, Jacksonville, FL 32221
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      Office and Retail Opportunity

      Commercial property suitable for office or retail use.
      1524 Normandy Village Pkwy, Jacksonville, FL 32221
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    • Contact for pricing
      58,691 SF

      Retail Center Anchored by Publix

      Newly-developed retail center anchored by Publix Supermarkets.
      11341 Normandy Blvd, Jacksonville, FL 32221
      View Details
    • Contact for pricing
      2,400 SF

      Established Liquor Store For Sale

      Turnkey liquor store with drive-through, high-traffic location, strong growth potential.
      7749 Normandy Blvd, Jacksonville, FL 32221
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      562 SF

      Retail Space in Winn Dixie Center

      Retail space available in Winn Dixie-anchored shopping center.
      7953 Normandy Blvd, Jacksonville, FL 32221
      View Details
    • Contact for pricing
      51,982 SF

      Retail Anchor Space Available

      Retail property with anchor space in high-demand Jacksonville location.
      1550 Normandy Village Pkwy, Jacksonville, FL 32221
      View Details
    • Contact for pricing

      Normandy Blvd Commercial Land Available

      One acre commercial land for ground lease or build-to-suit.
      7788 Normandy Blvd, Jacksonville, FL 32221
      View Details
    • Contact for pricing
      2 SF

      Cecil Distribution Center Warehouse Space

      Warehouse space available at Cecil Distribution Center in Jacksonville.
      13483 103Rd St, Jacksonville, FL 32221
      View Details
    • Contact for pricing

      Duval County Land For Rent

      Land available for rent in Duval County, Florida.
      Swq Normandy Blvd & Normandy Vlg Pkwy, Jacksonville, FL 32221
      View Details
    View Listing
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    Jacksonville, FL 32221
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    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
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    11137 Normandy Blvd, Jacksonville, FL, 32221
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