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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Retail space
8913 Normandy Blvd Jacksonville, FL 32221-6703
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4617050
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
STEEL FRAME
Total area
9,432 SF
Lot
2.55 ac (111,127 SF)
Zoning code
PUD
APN
009052-0000
UPID
US18-4617050
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.64M
Owner & transaction history
Normandy Blvd Jacksonville LLC · 2 yrs held
Normandy Blvd Jacksonville LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
PUD · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+39.4%
Medical building
$2.2M
+26.2%
Auto repair, garage
$2.0M
+17.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jacksonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jacksonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,690,000
ML approach
$1,665,000
CAP Approach
CAP Return
Estimation
6%
$1,775,000
6.5%
$1,640,000
7%
$1,525,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,705,000
Current use
COMMERCIAL (GENERAL)
$2,380,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$2,155,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,010,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$1,830,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,555,000
Change: -9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,515,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±10% · vs last sale $1.62M (Nov 1 2023)
Last sale anchor
$1.62M
Nov 1 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$173 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,640
Tax year 2023
Assessed value
$1,279,800
Assessed 2023
Previous assessed
$1,235,700
+3.6% YoY
Effective rate
1.85%
On assessed value
Assessed land
$348,097
Assessed improvement
$931,703
Land market value
$348,097
Improvement market value
$931,703
Total market value
$1,279,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
1
Bathrooms
7
Total area
9,432 SF
Lot
2.55 ac (111,127 SF)
Zoning code
PUD
APN
009052-0000
UPID
US18-4617050
Jurisdiction
DUVAL
Zoning & alternative use
PUD · Jacksonville, FL
Zoning PUD · permitted uses
PUD · Jacksonville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jacksonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
7
Lot
2.55 ac
Current owner
From public records · entity-resolved
Normandy Blvd Jacksonville LLC
Entity
Free & Clear · 2 yrs held
Mailing address
111 STABLEWOOD CT, HOUSTON, TX 77024-7046
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$1,621,833
Normandy Blvd Jacksonville LLC
Cornell Sandifer SR.
Special Warranty Deed
—
Nov 1, 2023
—
Normandy Blvd Jacksonville LLC
Cornell Sandifer SR.
Assignment Of Lease (leasehold Sale)
—
May 26, 2023
—
Cornell Sandifer SR.
Cornell Sandifer
Intrafamily Transfer
related
—
Jan 30, 2018
$1,839,000
Cornell Sandifer
Krishnamoorti Family LLC
Special Warranty Deed
$886,000 · Capstar Bank
Oct 12, 2012
$1,600,000
Krishnamoorti Family LLC
Millennium Venture Group INC
Warranty Deed
$1,040,000 · Wells Fargo Bank NA
Mar 9, 2012
$365,000
Millennium Venture Group INC
Sun Ovation Land Dev LLC
Warranty Deed
—
Mar 16, 2007
$500,000
Sun Ovation Land Development LLC
Kenneth F Nichols
Warranty Deed
—
Oct 25, 2000
—
Kenneth F Nichols
Nichols School Bus Service INC
Quit Claim Deed
related
$29,808 · First Union National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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