| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 51st | Fair |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2020 Wells Rd, Orange Park, FL, 32073, US |
| Region / Metro | Orange Park |
| Year of Construction | 1984 |
| Units | 80 |
| Transaction Date | 2019-06-03 |
| Transaction Price | $429,000 |
| Buyer | PACIFICA LOAN THREE LLC |
| Seller | HAWTHORNE HIGHLANDS CONDO ASSN ASSCIATIO |
2020 Wells Rd Orange Park Multifamily Opportunity
Neighborhood occupancy and a high share of renter-occupied units suggest steady tenant demand in this inner-suburb location, according to WDSuite s CRE market data. The area s pricing and household growth dynamics point to durable leasing fundamentals relative to the broader Jacksonville metro.
Positioned in an inner-suburb pocket of Orange Park, the neighborhood posts a B rating and performs above the metro median (rank 154 of 368) within Jacksonville. Caf e9 and restaurant density is a relative strength: caf e9 availability sits in the top quartile among 368 metro neighborhoods (rank 40), and restaurants are competitive at rank 92. Pharmacies also index well (rank 51), while groceries and parks are limited in-neighborhood (both ranked 368), which may modestly affect daily convenience.
Neighborhood occupancy is 93.3% (61st percentile nationally), and renter-occupied housing accounts for a sizable share of units (rank 33 of 368; 93rd percentile nationally). For investors, that renter concentration supports a deeper tenant base and can reinforce occupancy stability for multifamily assets.
School ratings average 3.0 out of 5 and track above the national median (61st percentile), a supportive factor for family-oriented renters weighing location choices. Median household size trends smaller than many suburban peers, aligning with sustained rental demand for mid-size units.
Within a 3-mile radius, the population expanded over the last five years and households grew at a faster pace, with projections indicating continued household gains through 2028 alongside smaller average household sizes. These trends point to a larger renter pool over time and support for occupancy and lease-up, based on commercial real estate analysis from WDSuite.
Ownership costs in the neighborhood are comparatively accessible versus high-cost markets (median home value ranks 279 of 368; national 37th percentile). That context can introduce some competition from entry-level ownership, yet the neighborhood e9s rent-to-income profile (0.26) suggests manageable affordability pressure that can help sustain retention if lease management remains disciplined.
Safety indicators compare favorably to many peer areas. The neighborhood e9s overall crime standing is above the national median (61st percentile) and ranks strong within the Jacksonville metro (rank 47 of 368), making it competitive among metro neighborhoods. Property offense metrics are also above the national median (67th percentile), while recent violent offense trends have improved meaningfully, with a year-over-year decrease that places the area in a higher national percentile for improvement.
Investors should view these signals as supportive of renter retention and leasing, while continuing to monitor trajectory at the neighborhood level rather than block-by-block conditions.
Proximity to major employers in Jacksonville e9s urban core underpins commuter convenience and broad renter demand, with a concentration in financial services, fintech, rail transportation, and distribution that can support leasing stability.
- Fidelity National Financial financial services (10.1 miles) HQ
- Fidelity National Information Services fintech (10.1 miles) HQ
- CSX rail transportation (10.7 miles) HQ
- Anixter distribution (13.6 miles)
2020 Wells Rd benefits from a renter-oriented neighborhood profile and above-median occupancy at the neighborhood level, supporting stable operations for garden-style assets. Amenity access tilts positive for daily services and dining, schools perform above the national median, and proximity to Fortune 500 employers in downtown Jacksonville broadens the commuter renter base. Based on CRE market data from WDSuite, household growth within a 3-mile radius and projected gains through 2028 signal a larger tenant pool over time, helping underpin leasing and renewal velocity.
Counterbalances include limited in-neighborhood groceries and parks, potential competition from comparatively accessible ownership options, and the need to manage rent-to-income levels to mitigate retention risk as rents trend upward. Overall, the location e9s fundamentals align with a durable, income-focused strategy with optionality for operational enhancements.
- Renter concentration and above-median neighborhood occupancy support steady lease-up and retention.
- Amenity and school positioning, plus access to major employers, deepen the commuter renter base.
- 3-mile household growth and projections indicate a growing tenant pool through 2028.
- Ownership costs more accessible than high-cost metros monitor for competition with entry-level buying.
- Risks: limited nearby groceries/parks and affordability pressure require disciplined lease management.