| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 37th | Poor |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1535 Blanding Blvd, Middleburg, FL, 32068, US |
| Region / Metro | Middleburg |
| Year of Construction | 2002 |
| Units | 20 |
| Transaction Date | 2021-12-21 |
| Transaction Price | $22,056,500 |
| Buyer | 1535 BLANDING BLVD FL OWNER LL |
| Seller | HUNTERS RUN LTD |
1535 Blanding Blvd Middleburg Multifamily Investment
Neighborhood occupancy runs in the top quartile locally, supporting stable leasing dynamics at this 20-unit asset, according to WDSuite’s CRE market data. With renter demand supported by nearby employment nodes, this location favors steady performance over the hold period.
Middleburg sits within the Jacksonville, FL metro and this Inner Suburb neighborhood carries a B- rating and ranks 199 out of 368 metro neighborhoods. Occupancy for the neighborhood is strong at 96.5%, placing it in the top quartile among 368 Jacksonville neighborhoods and around the 80th percentile nationally, a setup that supports income stability for multifamily owners.
Local tenure data indicates a renter-occupied share of 34.3% across housing units, signaling a meaningful but not saturated renter base. For investors, this suggests a steady pool of prospects with potential for durable retention rather than heavy turnover-driven leasing. Within a 3-mile radius, recent population and household growth have expanded the tenant base, with projections pointing to further renter pool expansion—factors that can underpin occupancy and renewal rates.
Amenity access skews practical over lifestyle: grocery coverage is above metro median while restaurant density is competitive for the metro, but parks, pharmacies, and cafes are comparatively limited nearby. Average school ratings trend below national midpoints; for workforce-oriented housing, this typically shifts value toward convenient commute patterns and everyday services over premium school-driven demand.
From a pricing context, neighborhood median contract rents sit near the low-$1,100s and rent-to-income ratios track around 0.17, indicating manageable affordability pressure that can support lease retention and measured pricing power. Median home values in the area reflect a more accessible ownership market relative to coastal Florida, which may introduce some competition with entry-level ownership; however, strong neighborhood occupancy and steady 3-mile household growth suggest multifamily demand remains resilient.
Safety indicators compare favorably. The neighborhood’s crime rank is 4 out of 368 Jacksonville neighborhoods, placing it among the strongest cohorts metro-wide and around the 88th percentile compared with neighborhoods nationwide. Year-over-year trends indicate pronounced declines in both property and violent offense estimates, which, if sustained, can reinforce renter confidence and support retention.
As always, safety conditions can vary by block and over time; investors should evaluate site-level factors, lighting, and property management practices alongside these broader neighborhood trends.
Proximity to large corporate employers in downtown and Southbank Jacksonville underpins commuter demand and supports leasing stability. Nearby anchors include Fidelity National Financial, Fidelity National Information Services, CSX, and Anixter—each contributing to a diverse white-collar employment base accessible within typical drive times.
- Fidelity National Financial — insurance & title services (16.2 miles) — HQ
- Fidelity National Information Services — financial technology (16.2 miles) — HQ
- CSX — rail & logistics corporate offices (16.9 miles) — HQ
- Anixter — distribution & electrical supplies (17.2 miles)
1535 Blanding Blvd, built in 2002, offers a 20-unit footprint in a neighborhood where occupancy is competitively high and renter demand is diversified by proximity to major Jacksonville employers. The asset’s vintage is slightly older than the local average stock, pointing to clear value-add paths through common-area refreshes, unit modernization, and systems updates that can enhance leasing velocity and renewal capture. According to CRE market data from WDSuite, the neighborhood’s occupancy stands in the top quartile locally while rent-to-income ratios remain moderate, a combination that supports income durability.
Within a 3-mile radius, recent population and household growth—and forecasts calling for further expansion—indicate a larger tenant base over time. Local home values remain comparatively accessible within the metro context, which can introduce some competition with ownership, yet stable neighborhood occupancy and a broadening commuter pool from nearby corporate anchors support sustained rental demand.
- Strong neighborhood occupancy supports stable collections and renewal rates
- 2002 vintage offers actionable value-add and systems-upgrade upside
- Expanding 3-mile renter pool underpins demand and leasing velocity
- Nearby corporate anchors (FNF, FIS, CSX) bolster commuter-driven tenancy
- Risks: limited nearby parks/pharmacies and some competition from entry-level ownership