Property profile

5343 Normandy Blvd Jacksonville, FL 32205

FOR SALE
Distribution centers
Property ID
US18-5412759
95,682 SF 3.79 ac lot Built 1953
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This Jacksonville, FL industrial warehouse, totaling ±95,615 square feet, is available for sale. Located at 5343 Normandy Blvd, in Duval County (zip code 32205), this Class C property sits on a ±3.84-acre lot. Built in 1953 and extensively renovated in 2023, it features a new roof and significant upgrades throughout. The warehouse boasts 18' clear ceiling height, a wet pipe sprinkler system, and 37' x 30' column spacing. Loading is dock high with a covered platform, and there are 3 loading docks. Approximately 28,000 square feet is dedicated to office/showroom space. The property is zoned CCG-2 and has city water and sewer utilities. The seller will consider a sale-leaseback arrangement for a portion of the building or a sale to an owner-user, vacating upon closing. The asking price is $8,000,000, resulting in a price per square foot of $83.67. Occupancy is available August 10, 2023.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1953
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 95,682 SF
Lot 3.79 ac (165,168 SF)
Zoning code CCG-2
APN 059657-0000
UPID US18-5412759

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Home Appliance Store Hardware & Home Improvement
  • Big Box & Wholesale Store Shipping Company

Location

5343 Normandy Blvd Jacksonville, FL 32205
Jacksonville metro Census 12100 JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.47M
Blend (final) Blend
$5.56M

Owner & transaction history

since 2016
3 recorded transactions
2016
$925,000
2016
Price N/A
1969
Price N/A

Zoning & alternative use

CCG-2 · Jacksonville, FL
Zoning description

Commercial Community/General-2 (CCG-2) District. (a) Permitted uses and structures. (1) Commercial Retail Sales and Service Establishments (2) Retail sales of new or used automobiles, trucks and tractors, mobile homes, b…

General category COMMERCIAL

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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More about this property
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