Four-Unit Multifamily
For Sale
$550,000
5138 RICKER Rd, Jacksonville, FL 32210
The Jacksonville Westside property is near Cecil Commerce Center and several major employment facilities.
Property Size3,704 SF
Days on Market10
Property Features for 5138 RICKER Rd
General Information
Standard status
Active
Size
3,704 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,595
Building Details
Building Size
3,704 SF
Year Built
1980
Buildings
1
Stories
1
Units
4
Listing Agency:
Keller Williams St Johns
Listed By:
CHRISTINA WELCH · License #3186165
(904) 652-5538
Source:
Elliman
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 7 at 12:17PM
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 Keller Williams St Johns
Investment Insights
Based on property information with market context.
This four-unit multifamily property was built in 1980 and is located at 5138 Ricker Road in Jacksonville’s Westside. Nearby employment destinations include Amazon and Wayfair fulfillment and distribution facilities at Cecil Commerce Center, along with Cecil Field and NAS Jacksonville.
Major highways are accessible from the property, and Downtown Jacksonville is approximately 15 minutes away.
Major highways are accessible from the property, and Downtown Jacksonville is approximately 15 minutes away.
Key Highlights
- Four‑unit multifamily property
- Built in 1980
- Near Amazon and Wayfair facilities at Cecil Commerce Center, Cecil Field, and NAS Jacksonville
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,780
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,600
$695.6K
Cap Rate 7%
$496,857
$496.9K
Cap Rate 9%
$386,444
$386.4K
Market Conditions
NOI Build-Up for 3,704 SF
Gross rent
$54.7K $14.76/SF
− Vacancy
−$5.0K −$1.35/SF
EGI
$49.7K $13.41/SF
− OpEx
−$14.9K −$4.02/SF
NOI
$34.8K $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 Rate 5%
$695,600
Cap Rate 7%
$496,857
Cap Rate 9%
$386,444
Alternative Uses
Best Use
Multifamily LT 5
$496.9K
$434.8K – $579.7K
NOI $34,780 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$391.5K
$342.5K – $456.7K
NOI $27,403 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$1.01M
$887.9K – $1.18M
NOI $71,028 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
556
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
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
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Frequently Asked Questions
What type of property is this?
Quadplex - The Jacksonville Westside property is near Cecil Commerce Center and several major employment facilities.
Where is this quadplex located?
The property is located at 5138 RICKER Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four‑unit multifamily property; Built in 1980; Near Amazon and Wayfair facilities at Cecil Commerce Center, Cecil Field, and NAS Jacksonville
