New Construction Investment
For Sale
$879,900
1510 Yelford Cir, Jacksonville, FL 32218
Fully leased, income-producing new construction with tenant in place.
Property Size4,160 SF
Price / SF$211.51
Days on Market308
Property Features for 1510 Yelford Cir
General Information
Standard status
Active
Size
4,160 SF
Property subtype
Multi-Family
Listing Agency:
SUNCOAST PROPERTY MANAGEMENT LLC
Listed By:
KELLY M TREADAWAY · License #3380118
(904) 831-8006
Source:
Jacksonvilleflhomeguide
Added: Nov 10, 2025
Changed: Sep 9
Last Checked: Sep 13 at 11:55AM
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 is an investment opportunity for a fully leased, income-producing property. All units are currently occupied with established tenants. The property is new construction by Southern Impression Homes. It may qualify for a special interest rate and includes two years of professional property management and rent protection. The property offers the benefits of new construction, builder warranties, and modern features.
Key Highlights
- Fully leased, income‑producing property with established tenants for immediate cash flow.
- Brand NEW construction by Southern Impression Homes at CLEARANCE PRICING.
- Qualifies for a special 3.75% interest rate (5.068% APR).
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
$34,252
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
3.89%
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%
$685,040
$685.0K
Cap Rate 7%
$489,314
$489.3K
Cap Rate 9%
$380,578
$380.6K
Market Conditions
NOI Build-Up for 4,160 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
$68.9K $16.56/SF
− Vacancy
−$6.6K −$1.59/SF
EGI
$62.3K $14.97/SF
− OpEx
−$28.0K −$6.74/SF
NOI
$34.3K $8.23/SF
Area
ZIP 32218
Vacancy
9.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
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%
$685,040
Cap Rate 7%
$489,314
Cap Rate 9%
$380,578
Alternative Uses
Best Use
Apartment 5plus
$489.3K
$428.2K – $570.9K
NOI $34,252 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$971.0K – $1.29M
NOI $77,676 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 32218, FL
67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fully leased, income-producing new construction with tenant in place.
Where is this multifamily property located?
The property is located at 1510 Yelford Cir Jacksonville, FL.
What is the asking price?
The asking price for this property is $879,900.
What are key features of this property?
This property features: Fully leased, income‑producing property with established tenants for immediate cash flow.; Brand NEW construction by Southern Impression Homes at CLEARANCE PRICING.; Qualifies for a special 3.75% interest rate (5.068% APR).
