Jacksonville commercial investment review

Mobile Home Parks & Multi-Tenant Retail
West & Northwest Jacksonville

An investor-focused review of mobile home parks and multi-tenant retail across West and Northwest Jacksonville, with current availability, published economics, and diligence priorities.

LEPresented by Laura Evans
Primary market: Normandy / Westside Northwest coverage: Lem Turner, Dunn, Norwood, New Kings & Callahan Information current as of: July 29, 2026 Market sources: LoopNet, Crexi, MHP Store & public records

Opportunity overview

The current review covers 29 properties and listing signals: 12 active target opportunities, four active adjacent plays, nine properties requiring status or fit confirmation, and four closed, off-market, or non-operating-park records.

The strongest Northwest Jacksonville opportunities include 8000 Lem Turner, a 100%-leased center offered at an 8% cap; Whispering Pines, an 18-lot tenant-owned-home park in Callahan; and the Four Points of Jax value-add portfolio. Advertised figures should be confirmed through current leases, a rent roll, T-12 operating statements, and expense detail.

01 Market snapshot

Northwest Jacksonville adds depth to a limited Westside MHP market.

Close-in Westside mobile home park supply remains thin, and Chaffee carries a sale-pending status conflict. Broader Northwest coverage includes Whispering Pines in Callahan and larger Lem Turner retail opportunities. The retail inventory divides into stabilized centers, value-add portfolios, owner-user buildings, and properties requiring a current-status confirmation.

29
property and listing records reviewed
12
active target opportunities
1 + 1
active MHP plus one sale-pending status conflict
5
active targets with a published cap rate
Classification note: Raw land, RV property, single-tenant net lease assets, and closed or off-market listings are shown separately so operating parks and multi-tenant retail can be compared on a consistent basis.
02 Priority opportunities

Highest-priority broker outreach

This ordering balances asset-type fit, income visibility, listing confidence, and the amount of uncertainty a broker package could remove. It is not a buy recommendation.

Call 1 · Northwest retail benchmark

8000 Lem Turner Road

$5.0M · about 50,000 SF · 100% occupied · 8.00% advertised cap · Save A Lot anchored.

Resolve: anchor rollover in 2030, options, sales performance, roof/HVAC obligations, and the 50,140 vs 50,946 SF discrepancy.
Call 2 · Active MHP lead

Whispering Pines · Callahan

$2.2M · 18 tenant-owned homesites · 100% occupied · $800 average lot rent · $172,800 stated gross.

Resolve: full expenses and NOI, well/septic capacity, legal lot count, road ownership, rent history, and collections.
Call 3 · Small stabilized retail

Normandy Shoppes

$1.555M · 6,000 SF · 100% occupied · 6.76% advertised cap · two absolute-NNN tenants.

Resolve: remaining lease terms, guaranties, rent bumps, options, and outparcel easements.
Call 4 · Numbers conflict

8209 W Beaver St

$2.0M · 3,951 SF · two NNN tenants. Listing page says 6.68% cap; the linked flyer says 5.44%.

Resolve: which NOI is current, reimbursements, lease dates, and whether annual bumps explain the gap.
Call 5 · Larger-check benchmark

Blanding Town Center

$11.7M · 96,687 SF reported · 95.29% occupied · 7.76% advertised cap · grocery/medical mix.

Resolve: two different size figures in the marketing, rollover schedule, below-market-rent claim, and capex.
Call 6 · Status before underwriting

11169 Eleanor Ave

$749K · six dwellings · advertised 11% cap, but MobileHomeParkStore’s statewide inventory now labels it sale pending.

Resolve availability first; then titles, collections, septic/well scope, repairs, and the NOI arithmetic mismatch.
Next · Infill/location play

901–917 King Street

$2.636M · 7,000 SF · 100% occupied · 6.75% cap · four tenants and 13 parking spaces.

Resolve: current tenant schedule. An older OM shows materially different tenants and economics.
Next · Value-add question

Normandy Village

$3.9M · 51,982 SF · $75/SF. LoopNet says 100% leased while the description markets an anchor vacancy.

Resolve: what is actually for sale, current occupancy, rent roll, deferred maintenance, and redevelopment constraints.
03 Interactive map

Normandy is the core, supported by broader Northwest Jacksonville coverage.

Green markers indicate active target opportunities. Cyan indicates active adjacent plays. Amber identifies properties requiring broker or status confirmation. Gray identifies sold, off-market, or non-target records.

The map tiles could not load. The complete property list remains available below.

Marker coordinates are geocoded from street addresses using OpenStreetMap/Nominatim. They are for orientation, not parcel or boundary due diligence.

04 Market inventory

Market inventory and disposition

Review active opportunities alongside status checks and excluded records. Search by address, property name, or diligence issue.

05 Investment screen

Published economics, side by side.

This table compares active opportunities with usable asking-price data. “—” means the listing did not publish the metric—not that the property has none.

PropertyAskSize / unitsCapOccupancyInvestor read
8000 Lem Turner$5.0M50,140–50,946 SF8.00%100%Strongest northwest retail economics published; anchor rollover matters
Whispering Pines$2.2M18 lots / 8 ac—100%Clean tenant-owned-home model; expenses and NOI not published
Four Points portfolio$3.73M–$4.165M34,632–38,551 SF / 24 units7% potential74%Value-add portfolio; price, size, and underwriting need reconciliation
11169 Eleanor$749K6 dwellings / 2.03 ac11.0%100%Sale-pending conflict; highest operating-detail risk
Normandy Shoppes$1.555M6,000 SF / 2 units6.76%100%Small, simple NNN profile; verify lease durability
8209 W Beaver$2.0M3,951 SF / 2 tenants5.44–6.68%100%Good fit, but flyer/listing economics conflict
901–917 King$2.636M7,000 SF / 4 tenants6.75%100%Infill location; highest $/SF among conventional strips here
Normandy Village$3.9M51,982 SF—ConflictingLow $/SF; likely value-add rather than clean stabilized income
Blanding Town Center$11.7M96,687 SF reported7.76%95.29%Best published retail cap; larger check and deeper diligence
1044–1050 Cassat$910K–$995K7,040 SF—UnclearPrice and tenancy conflict; owner-user/value-add lane
715 N McDuff$850K~9,450 SF / 3 units—Not publishedLow ask/SF; income must be reconstructed
1538 Hendricks$1.35M5,750 SF—Not publishedSan Marco location; no public income package
7402 Atlantic$2.9M42,577 SF / 4 buildings—Month-to-monthRedevelopment/value-add; outside the core west-side lane

Advertised cap rate = broker/listing NOI divided by asking price. It has not been independently normalized for reserves, management, vacancy, capital items, or nonrecurring income.

06 Diligence order

Ask for evidence in the order that can kill the deal fastest.

1. Status + exact offeringConfirm active/available, asset boundaries, included parcels, price, seller financing, and whether a listing is fee-simple, ground lease, or merely space for sale.
2. Income truthCurrent rent roll, T-12, delinquency, concessions, reimbursements, security deposits, CAM reconciliations, and tenant sales where available.
3. Lease durabilityExecuted leases and amendments, guaranties, expirations, options, rent bumps, co-tenancy, termination rights, exclusives, and landlord obligations.
4. Physical + utilitiesRoof, HVAC, paving, drainage, structure, environmental, survey, title, flood, ADA; for the MHP add home titles, septic/wells, utility billing, and lot legality.
5. Normalize NOIAdd realistic management, vacancy, reserves, recurring capital, insurance/tax resets, and owner-paid utilities. Recalculate cap rate from evidence, not the flyer.
6. Financing stressSize debt to DSCR using the lender’s underwritten NOI, then stress occupancy, renewal rent, insurance, taxes, and refinance rate before comparing cash-on-cash returns.
07 Sources & limits

Listing intelligence, not a substitute for diligence.

The inventory was assembled from live public listing pages and cross-checks available on July 29, 2026. Listing sites can lag broker status, omit secure financials, and syndicate stale data.

Coverage is limited to public listings and cross-checks available as of July 29, 2026; private, broker-only, or newly listed opportunities may not appear. Verify all figures, availability, zoning, physical condition, legal use, and investment assumptions with the listing broker and qualified advisers before acting.