Multifamily Property with New
For Sale
$489,500
Pending
460 Bentwood Ln, Orange Park, FL 32073
Two-bedroom units include laundry connections, kitchens, and off-street parking.
Property Size3,686 SF
Days on Market110
Property Features for 460 Bentwood Ln
General Information
Standard status
Pending
Size
3,686 SF
Property subtype
Multi-Family
Amenities
laundry hook ups
fully equipped kitchens
Building Details
Year Built
1982
Listing Agency:
GIFFORD PROPERTIES & MANAGEMENT INC
Listed By:
ANDREW GIFFORD · License #3214401
(904) 738-1828
Source:
Jacksonvilleflhomeguide
Added: May 18
Changed: Aug 28
Last Checked: Aug 28 at 1:28PM
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 GIFFORD PROPERTIES & MANAGEMENT INC
Investment Insights
Based on property information with market context.
This multifamily property contains 3,686 square feet and was built in 1982. Each unit provides two bedrooms, one and one-half bathrooms, laundry hookups, and a kitchen equipped for daily use. A brand-new roof is in place, while the property is offered in its existing condition.
Located at 460 Bentwood Ln in Orange Park, Florida, the property includes off-street parking for residents. The combination of residential layouts, in-unit laundry connections, and dedicated parking supports practical day-to-day occupancy. The property is offered for sale.
Located at 460 Bentwood Ln in Orange Park, Florida, the property includes off-street parking for residents. The combination of residential layouts, in-unit laundry connections, and dedicated parking supports practical day-to-day occupancy. The property is offered for sale.
Key Highlights
- Brand‑new roof
- 3,686‑square‑foot multifamily property built in 1982
- Each unit includes 2 bedrooms and 1 1/2 bathrooms
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
$28,810
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
5.89%
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%
$576,200
$576.2K
Cap Rate 7%
$411,571
$411.6K
Cap Rate 9%
$320,111
$320.1K
Market Conditions
NOI Build-Up for 3,686 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
$57.9K $15.72/SF
− Vacancy
−$5.6K −$1.51/SF
EGI
$52.4K $14.21/SF
− OpEx
−$23.6K −$6.39/SF
NOI
$28.8K $7.82/SF
Area
Clay County, FL
Vacancy
9.60%
Lease Rate
$15.72 /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%
$576,200
Cap Rate 7%
$411,571
Cap Rate 9%
$320,111
Alternative Uses
Best Use
Apartment 5plus
$411.6K
$360.1K – $480.2K
NOI $28,810 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$983.2K
$860.3K – $1.15M
NOI $68,825 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 32073, FL
43,527
Population
17,301
Households
2.5
Avg Household Size
41
Median Age
27%
College-Educated
92%
High-School Grad
16.8 sq mi
ZIP Area
2,591
Density / Sq Mi
$76,139
Median Household Income
$40,947
Median Earnings
$1,392
Median Rent
$258,100
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?
Multifamily property - Two-bedroom units include laundry connections, kitchens, and off-street parking.
Where is this multifamily property located?
The property is located at 460 Bentwood Ln Orange Park, FL.
What is the asking price?
The asking price for this property is $489,500.
What are key features of this property?
This property features: Brand‑new roof; 3,686‑square‑foot multifamily property built in 1982; Each unit includes 2 bedrooms and 1 1/2 bathrooms
