Four-Unit
For Sale
$990,000
11470 OAKFIELD Court, Jacksonville, FL 32258
Fully leased residences offer open-concept layouts, contemporary finishes, and new building systems.
Property Size3,818 SF
Days on Market10
Property Features for 11470 OAKFIELD Court
General Information
Standard status
Active
Size
3,818 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$14,158
Building Details
Building Size
3,818 SF
Year Built
2024
Buildings
1
Listing Agency:
UNITED REAL ESTATE GALLERY
(585) 732-7888
Listed By:
DAILYN BERTOT CLEMENTE
Source:
Houseandhavenrealty
Added: Aug 2
Changed: Aug 4
Last Checked: Aug 11 at 12:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of UNITED REAL ESTATE GALLERY
Investment Insights
Based on property information with market context.
This 2024-built quadplex at 11470 Oakfield Court in Jacksonville’s Mandarin area contains four two-bedroom, two-bathroom residences. Each unit is leased and features luxury vinyl plank flooring, stainless steel appliances, designer cabinetry, and an open-concept living arrangement. The property’s systems are all new, supporting a recently constructed, low-maintenance configuration.
An HOA provides exterior maintenance and community upkeep. The property is positioned near major highways, shopping, dining, and area employers, with convenient access to the surrounding Jacksonville market.
An HOA provides exterior maintenance and community upkeep. The property is positioned near major highways, shopping, dining, and area employers, with convenient access to the surrounding Jacksonville market.
Key Highlights
- 2024‑built quadplex with four residential units
- Four 2‑bedroom, 2‑bathroom units, each currently leased
- Luxury vinyl plank flooring, stainless steel appliances, and designer cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,850
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$717,000
$717.0K
Cap Rate 7%
$512,143
$512.1K
Cap Rate 9%
$398,333
$398.3K
Market Conditions
NOI Build-Up for 3,818 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.4K $14.76/SF
− Vacancy
−$5.1K −$1.35/SF
EGI
$51.2K $13.41/SF
− OpEx
−$15.4K −$4.02/SF
NOI
$35.8K $9.39/SF
Area
Jacksonville, FL
Vacancy
9.12%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$717,000
Cap Rate 7%
$512,143
Cap Rate 9%
$398,333
Alternative Uses
Best Use
Multifamily LT 5
$512.1K
$448.1K – $597.5K
NOI $35,850 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$403.5K
$353.1K – $470.8K
NOI $28,247 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.05M
$915.2K – $1.22M
NOI $73,214 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 32258, FL
37,859
Population
16,257
Households
2.3
Avg Household Size
38
Median Age
44%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
2,127
Density / Sq Mi
$99,764
Median Household Income
$55,736
Median Earnings
$1,849
Median Rent
$347,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased residences offer open-concept layouts, contemporary finishes, and new building systems.
Where is this quadplex located?
The property is located at 11470 OAKFIELD Court Jacksonville, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 2024‑built quadplex with four residential units; Four 2‑bedroom, 2‑bathroom units, each currently leased; Luxury vinyl plank flooring, stainless steel appliances, and designer cabinetry
