| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 74th | Best |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1085 Atlantic Blvd, Atlantic Beach, FL, 32233, US |
| Region / Metro | Atlantic Beach |
| Year of Construction | 1972 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1085 Atlantic Blvd Atlantic Beach Multifamily Investment
Positioned in an A+ suburban neighborhood of Jacksonville, this 100-unit asset benefits from a deep renter base and resilient location fundamentals, according to WDSuite’s CRE market data. Neighborhood demand is supported by strong schools and high-cost ownership dynamics that tend to sustain renter reliance.
The property sits in an A+–rated suburban neighborhood of Jacksonville, with amenities that are competitive among the metro’s 368 neighborhoods. Parks and outdoor access rank in the top quartile nationally, while the average school rating is also top quartile nationwide (4.0 out of five), factors that generally support renter retention and leasing velocity.
Neighborhood rents are above the national median and have trended up over the past five years, reinforcing pricing power for well-maintained assets. The neighborhood s occupancy is 90.2% and has been relatively steady over time, indicating demand that is near the metro median and supportive of income stability for stabilized multifamily.
Ownership costs in the area are elevated relative to national norms (home values and value-to-income both in the top quintile nationally). For investors, a higher-cost ownership market often sustains rental demand and aids lease retention, particularly for quality product.
The renter-occupied share within the neighborhood is 31.6%, signaling a meaningful renter concentration without overexposure, which can help maintain a broad tenant pool. Within a 3-mile radius, household counts have increased and are projected to continue growing, expanding the renter pool and supporting occupancy and rent growth prospects.
Safety trends are mixed. Compared with neighborhoods nationwide, this area sits below the national average on safety metrics (violent and property offense percentiles are on the lower end). However, within Jacksonville it is competitive among the metro s 368 neighborhoods by rank. Recent data show a one-year uptick in violent offenses, so underwriting should account for variability and monitor trend direction rather than assuming linear improvement.
Nearby corporate employers provide a diversified white-collar employment base that supports renter demand and commute convenience, including logistics and financial services firms listed below.
- Anixter 7 corporate offices (14.4 miles)
- CSX 7 corporate offices (14.6 miles) 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 — HQ
- Fidelity National Financial 7 corporate offices (15.3 miles) — HQ
- Fidelity National Information Services 7 corporate offices (15.3 miles) — HQ
Built in 1972, the 100-unit asset is older than the neighborhood s average vintage, pointing to clear value-add and capital planning opportunities. According to CRE market data from WDSuite, neighborhood occupancy is near the metro median and rent levels sit above national norms, while elevated ownership costs in the area tend to reinforce reliance on multifamily housing.
Within a 3-mile radius, population and households have grown and are projected to expand further, implying a larger tenant base and continued renter pool expansion. A rent-to-income profile around 0.20 suggests manageable affordability pressure for many renters, supporting retention and stable collections when operations are well managed.
- Proven renter demand with occupancy near metro norms and rents above national median
- 1972 vintage offers renovation and repositioning upside relative to newer local stock
- High-cost ownership market supports lease retention and pricing power for quality assets
- 3-mile demographic growth expands the tenant base, supporting leasing and occupancy stability
- Risks: safety metrics below national averages and older systems require disciplined capex/operations