New Construction Four-Unit
For Sale
$750,000
7638 MAILES Court, Jacksonville, FL 32210
Commercial Sale, Jacksonville, FL
Property Size4,104 SF
Lot Size0.17 Acres
Price / SF$182.75
Days on Market157
Property Features for 7638 MAILES Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Lot features
Cleared
Directions
Starting at the intersection of Interstate 295 and Pritchard Road: Head east on Pritchard Road for approximately 0.6 miles, then turn left onto Old Kings Road. Continue north for about 1.1 miles, then turn right onto Moncrief Road W. Travel approximately 0.3 miles and turn left onto Mailes Court. The property, 7368 Mailes Ct, will be on your right.
Subdivision
063-Jacksonville Heights/Oak Hill/English Estates
Standard status
Active
APN
0124420180
Size
4,104 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11416
Utilities
Utilities
Water Available
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
2
Number of units
4
Listing Agency:
KELLER WILLIAMS ST JOHNS · Keller Williams Realty
(904) 867-7694
Listed By:
CHRISTINA WELCH
(904) 404-1640
Added: Mar 24
Changed: Aug 20
Last Checked: Aug 27 at 3:06PM
MLS# 2136765
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.
Completed in 2023, this four-unit multifamily property contains 4,104 square feet on a 0.17-acre parcel. Each residence offers two bedrooms and two bathrooms, creating a consistent unit configuration across the building. Central heating and central air conditioning serve the property, while public water is available.
The property is located in Jacksonville near I-295 and I-95, with access to retail, dining, and everyday services. Wayfair and Amazon are identified among nearby major employers. The asset is offered as a four-unit residential income property with newer construction and a uniform layout.
The property is located in Jacksonville near I-295 and I-95, with access to retail, dining, and everyday services. Wayfair and Amazon are identified among nearby major employers. The asset is offered as a four-unit residential income property with newer construction and a uniform layout.
Key Highlights
- Four‑unit multifamily property completed in 2023
- Each unit includes 2 bedrooms and 2 bathrooms
- 4,104 square feet on a 0.17‑acre parcel
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
$38,535
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
5.14%
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%
$770,700
$770.7K
Cap Rate 7%
$550,500
$550.5K
Cap Rate 9%
$428,167
$428.2K
Market Conditions
NOI Build-Up for 4,104 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
$60.6K $14.76/SF
− Vacancy
−$5.5K −$1.35/SF
EGI
$55.1K $13.41/SF
− OpEx
−$16.5K −$4.02/SF
NOI
$38.5K $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%
$770,700
Cap Rate 7%
$550,500
Cap Rate 9%
$428,167
Alternative Uses
Best Use
Multifamily LT 5
$550.5K
$481.7K – $642.3K
NOI $38,535 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$433.8K
$379.5K – $506.1K
NOI $30,363 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.12M
$983.7K – $1.31M
NOI $78,698 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
194
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 - Four-unit multifamily property with two-bedroom residences, central HVAC, and access to Jacksonville’s I-295 and I-95 corridors.
Where is this quadplex located?
The property is located at 7638 MAILES Court Jacksonville, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four‑unit multifamily property completed in 2023; Each unit includes 2 bedrooms and 2 bathrooms; 4,104 square feet on a 0.17‑acre parcel
