Renovated Mixed-Use
For Sale
$979,000
565 Jackson Ave, Satellite Beach, FL 32937
Two apartments and two commercial units create a four-unit property with flexible owner-occupant potential.
Property Size4,550 SF
Price / SF$215.16
Days on Market236
Property Features for 565 Jackson Ave
General Information
Standard status
Active
Size
4,550 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Financials
Gross Income
$73,200
Average Monthly Rent
$1,700
Additional Details
Multifamily Units
2
Building Details
Year Built
1979
Listing Agency:
RE/MAX Alternative Realty
(321) 258-8602
Listed By:
Jack Taylor · License #3073233
Source:
Viewfloridabeachhouses
Added: Jan 6
Changed: Aug 29
Last Checked: Aug 29 at 2:18PM
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 RE/MAX Alternative Realty
Investment Insights
Based on property information with market context.
This 4,550-square-foot quadplex, built in 1979, combines two upstairs apartments with two commercial units on the ground floor and a 2-car garage. Both residential units have been extensively renovated with new baseboards, ceiling fans, light fixtures, interior paint, luxury vinyl flooring, kitchen cabinetry, tile backsplashes, stainless steel appliances, granite countertops, bathroom vanities, mirrors, lighting, tile tub surrounds, and standalone showers. The roof was replaced in 2023.
The commercial spaces are occupied by a CPA and a salon, with month-to-month commercial leases. One larger commercial unit also includes room for subleasing. The property is located at 565 Jackson Ave in Satellite Beach, Florida, near shopping, restaurants, schools, and the beach. Its combination of residential and commercial space supports an owner-occupant arrangement alongside additional occupied units.
The commercial spaces are occupied by a CPA and a salon, with month-to-month commercial leases. One larger commercial unit also includes room for subleasing. The property is located at 565 Jackson Ave in Satellite Beach, Florida, near shopping, restaurants, schools, and the beach. Its combination of residential and commercial space supports an owner-occupant arrangement alongside additional occupied units.
Key Highlights
- 4,550 SF quadplex with two apartments and two commercial units
- Both residential units completely renovated with updated kitchens and bathrooms
- Roof replacement completed in 2023
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
$52,791
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
5.39%
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%
$1,055,820
$1.1M
Cap Rate 7%
$754,157
$754.2K
Cap Rate 9%
$586,567
$586.6K
Market Conditions
NOI Build-Up for 4,550 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
$92.8K $20.40/SF
− Vacancy
−$8.4K −$1.84/SF
EGI
$84.5K $18.56/SF
− OpEx
−$31.7K −$6.96/SF
NOI
$52.8K $11.60/SF
Area
Brevard County, FL
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
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%
$1,055,820
Cap Rate 7%
$754,157
Cap Rate 9%
$586,567
Alternative Uses
Best Use
Mixed Use
$754.2K
$659.9K – $879.9K
NOI $52,791 @ 7.0% cap · market cap 5.39%
Second Best
Multifamily LT 5
$740.2K
$647.7K – $863.6K
NOI $51,817 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,029 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Explore this area
Business Placement
Demographics for 32937, FL
27,306
Population
13,619
Households
2
Avg Household Size
50
Median Age
53%
College-Educated
99%
High-School Grad
6.8 sq mi
ZIP Area
4,016
Density / Sq Mi
$98,411
Median Household Income
$55,420
Median Earnings
$1,718
Median Rent
$421,300
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 - Two apartments and two commercial units create a four-unit property with flexible owner-occupant potential.
Where is this quadplex located?
The property is located at 565 Jackson Ave Satellite Beach, FL.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: 4,550 SF quadplex with two apartments and two commercial units; Both residential units completely renovated with updated kitchens and bathrooms; Roof replacement completed in 2023
