Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Normandy Blvd Jacksonville, FL 32221

    • Manufacturing properties
    • 534,071 SF
    • 40.70 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8207976
    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

    • Manufacturing properties

    Property Details for Normandy Blvd

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    40.70 lot acres
    Property size
    534,071 SF
    Zone code
    PUD
    Property type
    Manufacturing properties
    APN
    002201-0100
    APU
    22010100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $49,460,000
      6.5%
      $45,655,000
      7%
      $42,395,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $49,205,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $88,145,000
      Change: +79% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.8754
    Latitude
    30.2519
    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
    $766,325
    $3,812,467
    $41,258,133
    $45,070,600
    -
    $3,812,467
    $41,258,133
    $45,070,600

    Comparable in this City

    • Value Estimation by Request
      603,529 SF

      5550 Pow-Mia Memorial Pkwy

      Distribution properties • 603,529 SF
      5550 Pow-Mia Memorial Pkwy, Jacksonville, FL 32221
      View Details
    • Value Estimation
      $24,130,000
      208,873 SF

      13575 Waterworks St

      HEAVY MANUFACTURING • 208,873 SF
      13575 Waterworks St, Jacksonville, FL 32221-8118
      View Details
    • Value Estimation
      $1,610,000
      16,080 SF

      11544 Normandy Blvd

      MANUFACTURING (LIGHT) • 16,080 SF
      11544 Normandy Blvd, Jacksonville, FL 32221-1811
      View Details
    • Value Estimation
      $1,105,000
      9,640 SF

      1168 Cahoon S Rd

      MANUFACTURING (LIGHT) • 9,640 SF
      1168 Cahoon S Rd, Jacksonville, FL 32221-6166
      View Details
    • Value Estimation by Request
      3,412 SF

      6005 Flightline Dr

      HEAVY MANUFACTURING • 3,412 SF
      6005 Flightline Dr, Jacksonville, FL 32221
      View Details
    • Value Estimation
      $2,135,000
      29,609 SF

      11518 Normandy Blvd

      MANUFACTURING (LIGHT) • 29,609 SF
      11518 Normandy Blvd, Jacksonville, FL 32221-1811
      View Details

    Similar Nearby for Sale

    • $1,150,000
      8.26 Acres

      Normandy Blvd Commercial Land

      8.26 acres, prime Jacksonville location.
      0 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
    • $300,000

      10-Acre Countryside Lot

      Spacious 10-acre lot in a peaceful, convenient location.
      Crystal Rd, Jacksonville, FL 32221
      View Details
    • $1,050,000

      Commercial Parcel on Fouraker Road

      Premium commercial parcel for sale in Jacksonville, Florida.
      1508 Fouraker Rd, Jacksonville, FL 32221
      View Details
    • $419,000
      8,360 SF

      Pad Ready Land For Sale

      0.85 acre pad ready land in Jacksonville, Florida.
      1524 Normandy Village Pkwy, Jacksonville, FL 32221
      View Details
    • Contact for pricing

      Normandy Blvd Commercial Land

      High-visibility corner lot near Cecil Commerce Center.
      10571 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
    • $7 SF/Yr

      Industrial Space Available For Lease

      Industrial property available for lease in Jacksonville, Florida.
      5550 Pow-Mia Memorial 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
    • 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Normandy Blvd
    Jacksonville, FL 32221
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.