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

    8985 Normandy Blvd Jacksonville, FL 32221-6245

    • Office buildings
    • 2,560 SF
    • 39.10 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    8.1%
    Office buildings
    Location Intelligence
    Property ID
    US18-4789896
    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

    • Carlos Custom Construction, LLC / Contractor
    • biddybugs crafts / Craft Store
    • Bellisima Fleur / Beauty Salon
    • Summits Property / Mobile Home Dealer
    • AAA Professional Painters Inc / Contractor

    Property Details for 8985 Normandy Blvd

    Year built
    1970
    Construction
    WOOD
    Lot size
    39.10 lot acres
    Property size
    2,560 SF
    Zone code
    RLD-60
    Property type
    Office buildings
    APN
    009061-0002
    APU
    90610002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $485,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $655,000
      6.5%
      $605,000
      7%
      $560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $791,000
      Market price range: $269k - $792k
      AI Estimate
      $652,000
      Market price range: $240k - $653k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $495,000
      Current use
      COMMERCIAL (GENERAL)
      $645,000
      Change: +30% Conversion: Easy
      MEDICAL BUILDING
      $585,000
      Change: +18% Conversion: Easy
      AUTO REPAIR, GARAGE
      $545,000
      Change: +10% Conversion: Difficult
      RETAIL STORES
      $465,000
      Change: -7% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $410,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.8024
    Latitude
    30.2895
    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
    $0.00
    $1,393,000
    $12,573,200
    $13,966,200
    -
    $1,393,000
    $12,573,200
    $13,966,200

    Comparable in this City

    • Value Estimation
      $805,000
      1,412 SF

      6146 Authority Ave

      OFFICE BUILDING • 1,412 SF
      6146 Authority Ave, Jacksonville, FL 32221-8124
      View Details
    • Value Estimation
      $995,000
      41,627 SF

      7720 Ramona W Blvd

      OFFICE BUILDING • 41,627 SF
      7720 Ramona W Blvd, Jacksonville, FL 32221-3453
      View Details
    • Value Estimation by Request
      7,447 SF

      6115 Pow Mia Memorial Pkwy

      OFFICE BUILDING • 7,447 SF
      6115 Pow Mia Memorial Pkwy, Jacksonville, FL 32221-8141
      View Details
    • Value Estimation by Request
      1,578 SF

      1404 Blair Rd

      OFFICE BUILDING • 1,578 SF
      1404 Blair Rd, Jacksonville, FL 32221-2011
      View Details
    • Value Estimation
      $345,000
      4,884 SF

      9300 Normandy Blvd

      OFFICE BUILDING • 4,884 SF
      9300 Normandy Blvd, Jacksonville, FL 32221-5562
      View Details
    • Value Estimation
      $505,000
      10,295 SF

      1395 Chaffee S Rd

      OFFICE BUILDING • 10,295 SF
      1395 Chaffee S Rd, Jacksonville, FL 32221
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      79,310 SF

      Normandy Village Plaza: Jacksonville Office

      79,310 SF Office Complex, High NOI
      1584 Vlg Pkwy, Jacksonville, FL 32221
      View Details
    • $65,000

      Herlong Commons Office Space

      Jacksonville Office Building - Prime Location
      10250 404, Jacksonville, FL 32221
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    • $65,000

      Jacksonville Commercial Land Opportunity

      Four Vacant Lots, Prime Location, $65,000
      10250 Normandy Blvd, Jacksonville, FL 32221
      View Details
    • $495,000

      Jacksonville Farm with Greenhouses

      Farm property with multiple greenhouses near shopping and transportation.
      1404 Blair Rd, Jacksonville, FL 32221
      View Details
    • $300,000
      10.00 Acres

      10-Acre Lot in Jacksonville, FL

      10-acre lot ideal for nature retreat or investment property.
      Crystal Rd, Jacksonville, FL 32221
      View Details
    • Contact for pricing

      Normandy Blvd Prime Land Parcel

      Prime land parcel on Normandy Blvd with development potential.
      12810 Normandy Blvd, Jacksonville, FL 32221
      View Details

    Similar Nearby for Lease

    • 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

      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
    • 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

      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
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    8985 Normandy Blvd
    Jacksonville, FL 32221-6245
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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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