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    Property profile & analytics

    6830 Normandy Blvd Jacksonville, FL 32205-1902

    • Outlet malls
    • 216,031 SF
    • 28.72 lot acres
    OFF-MARKET
    Value Estimations
    $18,385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3568848
    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.

    Current Use by Public Records

    • Walmart Tech Services / Tech Support Center / (Bike/Boat/Book/etc) Store
    • Walmart Photo Center / Printing Service / (Bike/Boat/Book/etc) Store
    • Walmart Business Center / Tech Support Center / (Bike/Boat/Book/etc) Store
    • Walmart Garden Center / Garden Center
    • Primo Water Refill & Exchange / Big Box & Wholesale Store

    Property Details for 6830 Normandy Blvd

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    28.72 lot acres
    Property size
    216,031 SF
    Zone code
    CCG-1
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    010726-1000
    APU
    107261000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $23,593,000
      Market price range: $17.3M - $66.3M
      AI Estimate
      $11,784,000
      Market price range: $8.43M - $29.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7584
    Latitude
    30.3019
    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
    $272,455
    $4,320,074
    $10,269,284
    $14,589,358
    -
    $4,320,074
    $10,269,284
    $14,589,358

    Comparable in this City

    • Value Estimation
      $10,845,000
      135,837 SF

      5155 Lenox Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 135,837 SF
      5155 Lenox Ave, Jacksonville, FL 32205-4835
      View Details
    • Value Estimation
      $1,325,000
      8,431 SF

      619 Cassat Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 8,431 SF
      619 Cassat Ave, Jacksonville, FL 32205-4716
      View Details
    • Value Estimation
      $8,405,000
      110,550 SF

      855 Ln S Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 110,550 SF
      855 Ln S Ave, Jacksonville, FL 32205-4704
      View Details
    • Value Estimation
      $1,200,000
      2,136 SF

      7102 Normandy Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 2,136 SF
      7102 Normandy Blvd, Jacksonville, FL 32205-6213
      View Details
    • Value Estimation
      $5,565,000
      2,424 SF

      1187 Ln S Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 2,424 SF
      1187 Ln S Ave, Jacksonville, FL 32205-6233
      View Details
    • Value Estimation
      $615,000
      3,789 SF

      1198 Edgewood S Ave

      SHOPPING CENTER, STRIP CENTER • 3,789 SF
      1198 Edgewood S Ave, Jacksonville, FL 32205-5370
      View Details

    Similar Nearby for Sale

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      Versatile Flex Space Available

      Adaptable space suitable for retail, office, or flex use.
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      12,500 SF Byrider NNN asset in high-traffic Jacksonville area.
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      High-Visibility Fixer-Upper, $234,000
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    • $1,250,000

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      Two buildings with retail, warehouse, and industrial potential.
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    Similar Nearby for Lease

    • Contact for pricing
      44,175 SF

      Normandy Blvd Retail Space Available

      Jacksonville Retail Center: 6,593 SF Vacant
      5229 Normandy Blvd, Jacksonville, FL 32205
      View Details
    • $10 SF/Yr
      26,160 SF

      Plymouth Plaza Retail Center

      Jacksonville, FL Retail Space Available
      3325 Plymouth St, Jacksonville, FL 32205
      View Details
    • $12 SF/Yr
      1,350 SF

      Retail Space Near Lowe's Development

      Retail space shadow-anchored by Winn-Dixie and Marshalls.
      5229-5239 Normandy Blvd, Jacksonville, FL 32205
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    • Contact for pricing
      1,680 SF

      Retail Space in Commonwealth Center

      Retail spaces available in busy shopping center.
      1012 Edgewood Ave N, Jacksonville, FL 32205
      View Details
    • Contact for pricing

      Renovated Shopping Plaza For Lease

      Newly renovated shopping plaza ideal for retail, medical, and office.
      5913 Normandy Blvd, 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

    Property Visit Statistics

    • Visits by month
      271.3k
    • Visitors by month
      126.3k
    • Avg Time on site
      35 min
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    Jacksonville, FL 32205-1902
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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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