Four-Unit Quadplex with Modern
For Sale
$839,000
7650 MAILES Court, Jacksonville, FL 32210
Built in 2023 with open-concept layouts, contemporary finishes, and low-maintenance construction.
Property Size4,104 SF
Days on Market74
Property Features for 7650 MAILES Court
General Information
Standard status
Active
Size
4,104 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$11,416
Building Details
Building Size
4,104 SF
Year Built
2023
Listing Agency:
EXP REALTY LLC
(904) 224-6034
Listed By:
GINA ST LEON LLC · License #3238994
Source:
Houseandhavenrealty
Added: Jun 10
Changed: Aug 17
Last Checked: Aug 21 at 10:19AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
Built in 2023, this quadplex includes four spacious units, each with 2 bedrooms and 2 full bathrooms. The units feature open-concept floor plans, contemporary finishes, and low-maintenance construction, creating a consistent configuration across the property.
Located at 7650 Mailes Court in Jacksonville, Florida, the property is presented as suitable for traditional long-term rentals, short-term rental strategies, or an owner-occupant arrangement with rental income. Its newer construction and modern unit design provide a practical multifamily format with limited deferred maintenance described in the property information.
Located at 7650 Mailes Court in Jacksonville, Florida, the property is presented as suitable for traditional long-term rentals, short-term rental strategies, or an owner-occupant arrangement with rental income. Its newer construction and modern unit design provide a practical multifamily format with limited deferred maintenance described in the property information.
Key Highlights
- Built in 2023
- Four units, each with 2 bedrooms and 2 full bathrooms
- Open‑concept floor plans throughout
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
4.59%
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 4.59%
Second Best
Apartment 5plus
$433.8K
$379.5K – $506.1K
NOI $30,363 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.12M
$983.7K – $1.31M
NOI $78,698 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
250
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 - Built in 2023 with open-concept layouts, contemporary finishes, and low-maintenance construction.
Where is this quadplex located?
The property is located at 7650 MAILES Court Jacksonville, FL.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Built in 2023; Four units, each with 2 bedrooms and 2 full bathrooms; Open‑concept floor plans throughout
