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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8018 Normandy Blvd Jacksonville, FL 32221-6647

    • Drug stores
    • 14,103 SF
    • 1.53 lot acres
    OFF-MARKET
    Last Sale
    Mar 07, 2024
    $4,501,600
    Value Estimations
    $4,455,000
    Show details
    Cap Rate Potential
    3.5%
    Drug stores
    Location Intelligence
    Property ID
    US18-2638504
    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

    • Redbox / Movie Rental Kiosk / Dvd Store
    • FedEx OnSite / Mailing Service
    • COVID-19 Drive-thru Testing at Walgreens / Pharmacy
    • Blue Rhino Propane Exchange / Propane Supplier
    • Walgreens / Cosmetics Store / Greeting Card Shop

    Property Details for 8018 Normandy Blvd

    Year built
    2010
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.53 lot acres
    Property size
    14,103 SF
    Zone code
    PUD
    Property type
    Drug stores
    APN
    009207-0300
    APU
    92070300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,500,000
      ML approach
      $4,500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,324,000
      Market price range: $1.13M - $4.32M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $7,490,000
      COMMERCIAL (GENERAL)
      $3,560,000
      MEDICAL BUILDING
      $3,220,000
      AUTO REPAIR, GARAGE
      $3,010,000
      OFFICE BUILDING
      $2,740,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7818
    Latitude
    30.2918
    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
    $62,376
    $820,668
    $2,714,232
    $3,534,900
    -
    $820,668
    $2,714,232
    $3,534,900

    Comparable in this City

    • Value Estimation
      $440,000
      13,234 SF

      1625 4th Rd

      DRUG STORE, PHARMACY • 13,234 SF
      1625 4th Rd, Jacksonville, FL 32221-6724
      View Details
    • Value Estimation
      $320,000
      2,580 SF

      721 Chaffee S Rd

      CONVENIENCE STORE • 2,580 SF
      721 Chaffee S Rd, Jacksonville, FL 32221-1105
      View Details
    • Value Estimation
      $345,000
      6,866 SF

      7765 Normandy Blvd

      FINANCIAL BUILDING • 6,866 SF
      7765 Normandy Blvd, Jacksonville, FL 32221-6638
      View Details
    • Value Estimation
      $405,000
      9,270 SF

      573 Chaffee Pt Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,270 SF
      573 Chaffee Pt Blvd, Jacksonville, FL 32221-4109
      View Details
    • Value Estimation
      $490,000
      6,914 SF

      13551 Lk Newman St

      FINANCIAL BUILDING • 6,914 SF
      13551 Lk Newman St, Jacksonville, FL 32221-8101
      View Details
    • Value Estimation
      $1,710,000
      9,432 SF

      8913 Normandy Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,432 SF
      8913 Normandy Blvd, Jacksonville, FL 32221-6703
      View Details

    Similar Nearby for Sale

    • New
      $672,900
      3,015 SF

      Veterinary Clinic Ready for TLC

      Veterinary clinic or pet spa opportunity in growing Jacksonville area.
      8141 W Ramona Blvd, Jacksonville, FL 32221
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    • $22,300,000
      58,691 SF

      Normandy Plaza: Retail Investment

      Jacksonville Grocery Center, 100% Leased
      11341 Normandy Blvd, Jacksonville, FL 32221
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      New Retail Center Anchored by Publix

      Newly-developed retail center anchored by Publix in rapidly growing area.
      11341 Normandy Blvd, Jacksonville, FL 32221
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    • $6,715,984
      22,985 SF

      Normandy Blvd Retail Investment Opportunity

      New 15-year NNN lease in Jacksonville's retail corridor.
      8984 Normandy Blvd, Jacksonville, FL 32221
      View Details
    • $2,378,376
      3.64 Acres

      Normandy Blvd Commercial Land

      Prime Jacksonville retail land, I-10 access.
      Jacksonville Normandy Blvd, Jacksonville, FL 32221
      View Details
    • $3,460,940
      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
      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
      603,529 SF

      Cecil Commerce Center: Building E

      Massive Jacksonville Industrial Space - 603,529 SF
      5550 Pow-Mia Memorial Pkwy, Jacksonville, FL 32221
      View Details
    • Contact for pricing

      Prime Jacksonville Commercial Land

      One-acre lot, CCG-1 zoning
      0 Swq Normandy Blvd & Normandy Vlg Pkwy, 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

      Commercial Land For Lease

      One acre of commercial land available for ground lease.
      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
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    Jacksonville, FL 32221-6647
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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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