| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 92nd | Best |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4235 Marsh Landing Blvd, Jacksonville Beach, FL, 32250, US |
| Region / Metro | Jacksonville Beach |
| Year of Construction | 1998 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4235 Marsh Landing Blvd Jacksonville Beach Multifamily Investment
Positioned in an affluent coastal pocket with strong neighborhood incomes and resilient renter spending, this asset sits where renter demand can support stable leasing, according to WDSuite’s CRE market data. The submarket’s elevated ownership costs tend to sustain reliance on rentals, reinforcing occupancy durability over the cycle.
The property is in a suburban Jacksonville Beach location with strong neighborhood fundamentals and access to everyday amenities. Café and grocery density rank competitive among 368 Jacksonville neighborhoods (café rank 13; grocery rank 21), with both measures landing in the low-90s percentiles nationally, indicating daily convenience that supports resident retention and lease stability.
Neighborhood quality indicators are strong: the area holds an A+ neighborhood rating and ranks 6 out of 368 within the Jacksonville metro, signaling top-tier positioning. Average NOI per unit is also a standout locally (ranked 2 of 368; top quartile nationally), which underscores healthy rent levels and operating performance in the surrounding rental stock, based on CRE market data from WDSuite.
For investors assessing rent positioning and affordability, neighborhood medians point to a high-cost ownership market relative to incomes, which generally supports multifamily demand depth and pricing power. Within a 3-mile radius, median household incomes are high and the renter pool is meaningful, with about 31% of housing units renter-occupied; this mix provides a broad tenant base while still allowing for move-up dynamics into nearby ownership when appropriate.
Demographics aggregated within 3 miles show recent population growth and higher-income households, with forecasts calling for continued population expansion and a notable increase in households by 2028. This trajectory suggests a larger tenant base and supports forward leasing assumptions, though operators should monitor how new supply and household size shifts influence absorption.
Vintage context: built in 1998 versus a neighborhood average construction year around 1988, the asset skews newer than much of the nearby stock. That relative youth can aid competitiveness versus older properties; however, investors should still plan for system updates and selective modernization to meet current renter expectations.
Safety indicators for the immediate neighborhood are mixed when compared with the Jacksonville metro and national benchmarks. The area’s crime rank is 103 out of 368 metro neighborhoods, which is below the metro median (i.e., comparatively higher crime than many Jacksonville areas). Nationally, violent offenses trend around the middle of the pack (about the 52nd percentile), while property offenses rate stronger than average (roughly the 73rd percentile). Recent one-year movements show some volatility, so underwriting should include prudent security measures and insurance assumptions. These figures are neighborhood-level signals, not block-specific.
Nearby corporate offices broaden the employment base and support renter demand via short commutes to key employers. The list below highlights proximate corporate operations and headquarters that can contribute to leasing stability.
- Anixter — corporate offices (11.1 miles)
- CSX — corporate offices (16.6 miles) — HQ
- Fidelity National Financial — corporate offices (17.1 miles) — HQ
- Fidelity National Information Services — corporate offices (17.1 miles) — HQ
This 24-unit, 1998-vintage asset benefits from a high-performing Jacksonville Beach neighborhood where amenity access and income levels support rent integrity. Neighborhood rankings are strong (overall rank 6 of 368; A+ rating), and local NOI per unit performance sits in the top quartile nationally, pointing to favorable operating dynamics relative to many U.S. areas. While neighborhood occupancy sits below metro norms, the surrounding high-income renter base and elevated ownership costs help sustain depth of demand.
Within a 3-mile radius, population growth and projections for a larger household base indicate a growing tenant pool, which supports leasing and renewal strategies. According to WDSuite’s commercial real estate analysis, amenity density (cafés, groceries, pharmacies, parks) compares well both locally and nationally, aiding retention and day-to-day livability. The 1998 vintage should remain competitive versus older nearby stock, with targeted renovations and system updates offering potential value-add upside.
- High-performing neighborhood: A+ rated, ranked 6 of 368 in Jacksonville
- Strong operating backdrop: neighborhood NOI per unit in the national top quartile
- Demand drivers: high incomes and amenity density support pricing and retention
- Value-add angle: 1998 vintage offers modernization potential versus older stock
- Risk: neighborhood occupancy trends below metro norms; monitor leasing and safety assumptions