Fully Leased
New
For Sale
$410,000
5340 WESTCHASE Court, Jacksonville, FL 32210
Commercial Sale, Jacksonville, FL
Property Size2,916 SF
Lot Size1.00 Acre
Price / SF$140.60
Days on Market7
Property Features for 5340 WESTCHASE Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking features
Parking Lot
Lot features
Cleared
Directions
From I-10 W, take I-295 S to 134 W/103rd St. Take exit 16 from I-295 S Head W on 103 St. and take a right onto Westchase Ct.
Subdivision
063-Jacksonville Heights/Oak Hill/English Estates
Standard status
Active
APN
013843-0505
Size
2,916 SF
Lot size
1.00 Acre
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS ST JOHNS · Keller Williams Realty
(904) 867-7694
Listed By:
CHRISTINA WELCH · License #3186165
(904) 404-1640
Added: Aug 27
Changed: Sep 1
Last Checked: Sep 2 at 9:06AM
MLS# 2162840
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex contains 2,916 square feet on a 1-acre parcel in Jacksonville, Florida. Built in 1984, the stucco-clad property has central heating and central air conditioning, along with a shingle roof, public water service, and an on-site parking lot. The asset is currently fully leased with 100% occupancy and active tenants in place.
The property is located near major logistics routes, retail centers, and commercial hubs in West Jacksonville. Its parcel size supports resident parking and provides additional land area within the existing site configuration.
The property is located near major logistics routes, retail centers, and commercial hubs in West Jacksonville. Its parcel size supports resident parking and provides additional land area within the existing site configuration.
Key Highlights
- 2,916‑square‑foot quadplex on a 1‑acre parcel
- 100% occupancy with active leases in place
- Built in 1984 with stucco construction
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
$27,380
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
6.68%
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%
$547,600
$547.6K
Cap Rate 7%
$391,143
$391.1K
Cap Rate 9%
$304,222
$304.2K
Market Conditions
NOI Build-Up for 2,916 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
$43.0K $14.76/SF
− Vacancy
−$3.9K −$1.35/SF
EGI
$39.1K $13.41/SF
− OpEx
−$11.7K −$4.02/SF
NOI
$27.4K $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 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%
$547,600
Cap Rate 7%
$391,143
Cap Rate 9%
$304,222
Alternative Uses
Best Use
Multifamily LT 5
$391.1K
$342.3K – $456.3K
NOI $27,380 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$308.2K
$269.7K – $359.6K
NOI $21,574 @ 7.0% cap · market cap 5.26%
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential property includes central HVAC, a parking lot, and public water service.
Where is this quadplex 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 quadplex on a 1‑acre parcel; 100% occupancy with active leases in place; Built in 1984 with stucco construction
