Multifamily Property with
For Sale
$197,000
2525 THAMES Street, Jacksonville, FL 32209
Multi Family zoning, assigned parking, and balcony features support residential use.
Property Size2,478 SF
Price / SF$104.23
Days on Market145
Property Features for 2525 THAMES Street
General Information
Standard status
Active
Size
2,478 SF
Property subtype
Residential Income
Zoning
Multi Family
Taxes and HOA fees
Annual Taxes
$2,443
Amenities
Electric Oven, Refrigerator
Trees/Woods
Assigned
Balcony
Building Details
Building Size
2,478 SF
Year Built
1959
Buildings
1
Stories
2
Listing Agency:
(904) 421-7963
Listed By:
JACKIE BEHR
(904) 421-7963
Source:
Evrealestate
Added: Mar 26
Changed: Aug 15
Last Checked: Aug 17 at 4:17AM
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 JACKIE BEHR
Investment Insights
Based on property information with market context.
This multifamily property at 2525 THAMES Street includes balcony features, assigned parking, and a wooded setting. Interior features include an electric oven and refrigerator, while the property was built in 1959.
The property is located in Jacksonville, Florida, within Duval County. Access is described from 95 via 8th Street, Davis, and Thames. Multi Family zoning supports the property’s residential classification.
The property is located in Jacksonville, Florida, within Duval County. Access is described from 95 via 8th Street, Davis, and Thames. Multi Family zoning supports the property’s residential classification.
Key Highlights
- Multifamily property at 2525 THAMES Street, Jacksonville, FL 32209
- Multi Family zoning
- Built in 1959
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
$13,983
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
7.10%
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%
$279,660
$279.7K
Cap Rate 7%
$199,757
$199.8K
Cap Rate 9%
$155,367
$155.4K
Market Conditions
NOI Build-Up for 1,890 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
$28.1K $14.88/SF
− Vacancy
−$2.7K −$1.43/SF
EGI
$25.4K $13.45/SF
− OpEx
−$11.4K −$6.05/SF
NOI
$14.0K $7.40/SF
Area
Jacksonville, FL
Vacancy
9.60%
Lease Rate
$14.88 /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%
$279,660
Cap Rate 7%
$199,757
Cap Rate 9%
$155,367
Alternative Uses
Best Use
Apartment 5plus
$199.8K
$174.8K – $233.1K
NOI $13,983 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$517.8K
$453.0K – $604.1K
NOI $36,243 @ 7.0% cap · market cap 18.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,902
Businesses Nearby
Explore this area
Business Placement
Demographics for 32209, FL
36,656
Population
17,706
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
82%
High-School Grad
9.3 sq mi
ZIP Area
3,942
Density / Sq Mi
$29,468
Median Household Income
$26,435
Median Earnings
$1,042
Median Rent
$92,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Multi Family zoning, assigned parking, and balcony features support residential use.
Where is this multifamily property located?
The property is located at 2525 THAMES Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $197,000.
What are key features of this property?
This property features: Multifamily property at 2525 THAMES Street, Jacksonville, FL 32209; Multi Family zoning; Built in 1959
