Occupied Multifamily
New
For Sale
$410,000
5340 Westchase Court, Jacksonville, FL 32210
Existing leases account for full occupancy at the property.
Property Size2,960 SF
Lot Size1.00 Acre
Price / SF$140.60
Days on Market3
Property Features for 5340 Westchase Court
General Information
Standard status
Active
Size
2,960 SF
Class
C
Lot size
1.00 Acre
Property subtype
MF
Zoning
Multi-Family
Occupancy
100%
Building Details
Building Size
2,960 SF
Year Built
1984
Buildings
1
Stories
2
Units
4
Listing Agency:
Keller Williams St Johns
Listed By:
Courtney Smith · License #3186165
(786) 587-8702
Source:
Realnex
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 11 at 2:25PM
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.
The multifamily building in Jacksonville, Florida, contains 2,916 square feet and dates to 1984. It sits on a one-acre parcel and is zoned Multi-Family.
Occupancy is 100%, with tenants in place under active leases.
Occupancy is 100%, with tenants in place under active leases.
Key Highlights
- 2,916‑square‑foot multifamily building
- One‑acre parcel
- 100% occupancy with active leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,574
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,480
$431.5K
Cap Rate 7%
$308,200
$308.2K
Cap Rate 9%
$239,711
$239.7K
Market Conditions
NOI Build-Up for 2,916 SF
Gross rent
$43.4K $14.88/SF
− Vacancy
−$4.2K −$1.43/SF
EGI
$39.2K $13.45/SF
− OpEx
−$17.7K −$6.05/SF
NOI
$21.6K $7.40/SF
Area
ZIP 32210
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 Rate 5%
$431,480
Cap Rate 7%
$308,200
Cap Rate 9%
$239,711
Alternative Uses
Best Use
Apartment 5plus
$308.2K
$269.7K – $359.6K
NOI $21,574 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$798.8K
$699.0K – $932.0K
NOI $55,917 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
558
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
View Realmo Analytics
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 - Existing leases account for full occupancy at the property.
Where is this multifamily property located?
The property is located at 5340 Westchase Court Jacksonville, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 2,916‑square‑foot multifamily building; One‑acre parcel; 100% occupancy with active leases
