Renovated
For Sale
$401,000
1989 Golden Glow Lane, Jacksonville, FL 32210
Three matching residential units provide a consistent multifamily layout for ownership and management.
Property Size2,127 SF
Price / SF$188.53
Days on Market504
Property Features for 1989 Golden Glow Lane
General Information
Standard status
Active
Size
2,127 SF
Property subtype
Multi Family
Units
Unit Mix
3 x 2-1
Multifamily Units
3
Amenities
6
3
Building Details
Year Built
1966
Listing Agency:
For sale by owner, please contact
Listed By:
Fizber
Source:
Compass
Added: Apr 16, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:51AM
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 For sale by owner, please contact
Investment Insights
Based on property information with market context.
This renovated triplex contains three matching residential units, each arranged with two bedrooms and one bathroom. The property was originally built in 1966 and has been updated for continued residential use.
Located at 1989 Golden Glow Lane in Jacksonville, Florida, the building offers a straightforward three-unit configuration for multifamily ownership. Its uniform layouts create consistency across the property while simplifying the overall building profile.
Located at 1989 Golden Glow Lane in Jacksonville, Florida, the building offers a straightforward three-unit configuration for multifamily ownership. Its uniform layouts create consistency across the property while simplifying the overall building profile.
Key Highlights
- Three‑unit multifamily property
- Three identical two‑bedroom, one‑bath units
- Renovated building
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
$19,972
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
4.98%
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%
$399,440
$399.4K
Cap Rate 7%
$285,314
$285.3K
Cap Rate 9%
$221,911
$221.9K
Market Conditions
NOI Build-Up for 2,127 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
$31.4K $14.76/SF
− Vacancy
−$2.9K −$1.35/SF
EGI
$28.5K $13.41/SF
− OpEx
−$8.6K −$4.02/SF
NOI
$20.0K $9.39/SF
Area
ZIP 32210
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%
$399,440
Cap Rate 7%
$285,314
Cap Rate 9%
$221,911
Alternative Uses
Best Use
Multifamily LT 5
$285.3K
$249.7K – $332.9K
NOI $19,972 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$224.8K
$196.7K – $262.3K
NOI $15,736 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$582.7K
$509.8K – $679.8K
NOI $40,787 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 32210, FL
66,415
Population
29,198
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
21.9 sq mi
ZIP Area
3,033
Density / Sq Mi
$58,215
Median Household Income
$36,997
Median Earnings
$1,205
Median Rent
$205,300
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?
Triplex - Three matching residential units provide a consistent multifamily layout for ownership and management.
Where is this triplex located?
The property is located at 1989 Golden Glow Lane Jacksonville, FL.
What is the asking price?
The asking price for this property is $401,000.
What are key features of this property?
This property features: Three‑unit multifamily property; Three identical two‑bedroom, one‑bath units; Renovated building
