Multi-Structure Multifamily
For Sale
$829,000
4111 CEDAR POINT Road, Jacksonville, FL 32226
Three residences on a preserve-backed acreage parcel offer flexible occupancy and rental use.
Property Size5,735 SF
Lot Size2.53 Acres
Price / SF$144.55
Days on Market19
Property Features for 4111 CEDAR POINT Road
General Information
Standard status
Active
Size
5,735 SF
Lot size
2.53 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
3
Additional Details
Gross Income
$74,400
Amenities
inground pool
Building Details
Year Built
1960
Buildings
3
Listing Agency:
BOLD & SOLD LLC
(904) 664-2653
Listed By:
MICHAEL KRAUS · License #3403365
(904) 860-0010
Source:
Endlesssummerrealty
Added: Sep 3
Changed: Sep 20
Last Checked: Sep 20 at 9:30AM
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 BOLD & SOLD LLC
Investment Insights
Based on property information with market context.
This multifamily property combines two single-family homes with a barn converted to a two-bedroom apartment on 2.53 acres. The front home contains approximately 1,700 square feet, three bedrooms, two bathrooms, an inground pool, and a two-car garage; it is tenant-occupied. The apartment provides two bedrooms, one bathroom, and a covered carport and is currently rented.
Built in 2009, the rear residence includes four bedrooms, two bathrooms, and a two-car garage. It is not currently producing income and provides an additional residential component within the property. The parcel backs to a nature preserve, adding a private rear setting. The property is located at 4111 Cedar Point Road in Jacksonville, Florida.
Built in 2009, the rear residence includes four bedrooms, two bathrooms, and a two-car garage. It is not currently producing income and provides an additional residential component within the property. The parcel backs to a nature preserve, adding a private rear setting. The property is located at 4111 Cedar Point Road in Jacksonville, Florida.
Key Highlights
- 2.53‑acre parcel backing to a nature preserve
- Two single‑family homes plus a barn‑converted apartment
- Front residence includes approximately 1,700 square feet, an inground pool, and a 2‑car garage
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
$42,429
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
5.12%
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%
$848,580
$848.6K
Cap Rate 7%
$606,129
$606.1K
Cap Rate 9%
$471,433
$471.4K
Market Conditions
NOI Build-Up for 5,735 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
$85.3K $14.88/SF
− Vacancy
−$8.2K −$1.43/SF
EGI
$77.1K $13.45/SF
− OpEx
−$34.7K −$6.05/SF
NOI
$42.4K $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%
$848,580
Cap Rate 7%
$606,129
Cap Rate 9%
$471,433
Alternative Uses
Best Use
Apartment 5plus
$606.1K
$530.4K – $707.2K
NOI $42,429 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,974 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 32226, FL
20,306
Population
7,707
Households
2.6
Avg Household Size
39
Median Age
36%
College-Educated
93%
High-School Grad
85.7 sq mi
ZIP Area
237
Density / Sq Mi
$109,375
Median Household Income
$53,400
Median Earnings
$2,062
Median Rent
$340,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three residences on a preserve-backed acreage parcel offer flexible occupancy and rental use.
Where is this multifamily property located?
The property is located at 4111 CEDAR POINT Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: 2.53‑acre parcel backing to a nature preserve; Two single‑family homes plus a barn‑converted apartment; Front residence includes approximately 1,700 square feet, an inground pool, and a 2‑car garage
