Mixed-Use Fourplex with Two Commercial
For Sale
$979,000
565 Jackson Avenue, Satellite Beach, FL 32937
COMMERCIAL - Satellite Beach, FL
Property Size4,550 SF
Lot Size0.24 Acres
Price / SF$215.16
Days on Market152
Property Features for 565 Jackson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 6, Bathroom 2, Bedroom 1, Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 7
Exterior features
Balcony
Appliances
Electric Range, Refrigerator
Subdivision
Eau Gallie Shores
Elementary school
Holland
Middle school
DeLaura
High school
Satellite
Directions
A1A or South Patrick to Jackson AVE
Special listing conditions
Standard, Third Party Approval
Standard status
Active
APN
26-37-35-02-00020.0-0009.00
Size
4,550 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
EAU GALLIE SHORES LOTS 9 & 10 BLK 20
Tax Annual Amount
11703
Legal Description
EAU GALLIE SHORES LOTS 9 & 10 BLK 20
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
2
Number of units
4
Flooring type
Vinyl
Building materials
Block
Listing Agency:
RE/MAX Alternative Realty · RE/MAX International
(321) 777-4111
Listed By:
Jack Taylor · License #3073233
(321) 258-8602
Added: Mar 16
Changed: Aug 4
Last Checked: Aug 14 at 6:06AM
MLS# 1072004
Copyright © 2026 Space Coast Association of Realtors. 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 mixed-use fourplex includes two residential apartments upstairs and two commercial units downstairs, with a 2-car garage. The residential units have been completely redone, with new baseboard, fans, light fixtures, paint, and luxury vinyl flooring. The updated kitchens feature new wood cabinets, tile backsplash, stainless steel appliances, and granite countertops. Bathrooms have new vanities, lights, mirrors, and tile tub and stand-alone showers. The property was built with block construction and features central heating and central air.
The building sits on a 0.24-acre lot and totals 4,550 square feet. Exterior features include a balcony. Utilities include public water and public sewer, with cable available.
The commercial spaces are described as month-to-month leases, including a CPA tenancy with room to sublease within one of the larger downstairs units, and a salon tenancy occupying the other commercial side. The property is positioned for an owner-occupant to work in one unit while collecting income from the other spaces.
The building sits on a 0.24-acre lot and totals 4,550 square feet. Exterior features include a balcony. Utilities include public water and public sewer, with cable available.
The commercial spaces are described as month-to-month leases, including a CPA tenancy with room to sublease within one of the larger downstairs units, and a salon tenancy occupying the other commercial side. The property is positioned for an owner-occupant to work in one unit while collecting income from the other spaces.
Key Highlights
- Two upstairs apartments and two downstairs commercial units in a mixed‑use fourplex
- 2‑car garage plus balcony exterior feature
- Roof replacement 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
$61,916
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
6.32%
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%
$1,238,320
$1.2M
Cap Rate 7%
$884,514
$884.5K
Cap Rate 9%
$687,956
$688.0K
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
$98.3K $21.60/SF
− Vacancy
−$15.7K −$3.46/SF
EGI
$82.6K $18.14/SF
− OpEx
−$20.6K −$4.54/SF
NOI
$61.9K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,238,320
Cap Rate 7%
$884,514
Cap Rate 9%
$687,956
Alternative Uses
Best Use
Office B
$884.5K
$774.0K – $1.03M
NOI $61,916 @ 7.0% cap · market cap 6.32%
Second Best
Mixed Use
$754.2K
$659.9K – $879.9K
NOI $52,791 @ 7.0% cap · market cap 5.39%
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
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
756
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fourplex mixed-use building with two upstairs apartments and two downstairs commercial spaces, including a 2-car garage and 2023 roof.
Where is this mixed-use property located?
The property is located at 565 Jackson Avenue 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: Two upstairs apartments and two downstairs commercial units in a mixed‑use fourplex; 2‑car garage plus balcony exterior feature; Roof replacement in 2023
