New Construction
For Sale
$889,000
5669 George Ct Unit 101, Jacksonville, FL 32277
2024-built duplex with one vacant unit and rental occupancy in the other.
Property Size3,818 SF
Price / SF$232.84
Days on Market20
Property Features for 5669 George Ct Unit 101
General Information
Standard status
Active
Size
3,818 SF
Property subtype
Multi-Family
Building Details
Year Built
2024
Tenancy
Multi
Listing Agency:
SUNCOAST PROPERTY MANAGEMENT LLC
(904) 831-8006
Listed By:
KELLY M TREADAWAY
Source:
Onewinningteam
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 28 at 8:51PM
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 SUNCOAST PROPERTY MANAGEMENT LLC
Investment Insights
Based on property information with market context.
This duplex was completed in 2024 and offers 3,818 SF of residential space across its two-unit configuration. One unit is currently vacant, while existing tenants occupy the other, creating a combination of available space and ongoing rental occupancy.
The property includes new-construction features, modern finishes, and builder warranties. Its Jacksonville address is 5669 George Ct, Unit 101, Jacksonville, FL 32277. Features, finishes, and layout may vary from the illustrative marketing materials.
The property includes new-construction features, modern finishes, and builder warranties. Its Jacksonville address is 5669 George Ct, Unit 101, Jacksonville, FL 32277. Features, finishes, and layout may vary from the illustrative marketing materials.
Key Highlights
- Duplex completed in 2024
- 3,818 SF property size
- One unit currently vacant
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
4.03%
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 4.03%
Second Best
Apartment 5plus
$403.5K
$353.1K – $470.8K
NOI $28,247 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$1.05M
$915.2K – $1.22M
NOI $73,214 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 32277, FL
33,174
Population
14,025
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
7.2 sq mi
ZIP Area
4,608
Density / Sq Mi
$60,215
Median Household Income
$35,300
Median Earnings
$1,297
Median Rent
$256,600
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?
Duplex - 2024-built duplex with one vacant unit and rental occupancy in the other.
Where is this duplex located?
The property is located at 5669 George Ct Unit 101 Jacksonville, FL.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Duplex completed in 2024; 3,818 SF property size; One unit currently vacant
