| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 56th | Good |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1250 Brookwood Forest Blvd, Jacksonville, FL, 32225, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2006 |
| Units | 24 |
| Transaction Date | 2005-04-01 |
| Transaction Price | $1,244,000 |
| Buyer | SREIT BROOKWOOD FOREST LLC |
| Seller | BROOKWOOD FOREST PARTNERS LTD |
1250 Brookwood Forest Blvd Jacksonville Multifamily Investment
Stabilized renter demand in an inner-suburban pocket of Jacksonville supports consistent leasing, according to WDSuite’s CRE market data. The location’s everyday amenities and employment access underpin occupancy while leaving room for selective value-add execution.
The property sits in an Inner Suburb of Jacksonville that ranks in the top quartile among 368 metro neighborhoods (A- neighborhood rating), indicating competitive livability and steady renter appeal based on CRE market data from WDSuite. Neighborhood metrics reflect neighborhood-level conditions rather than property performance.
Daily needs are well served: grocery access and pharmacies track in the top quartile metro-wide, and parks density is among the strongest locally. Restaurant variety is solid, while cafés are less concentrated than in more urban districts. This amenity mix typically supports lease retention, particularly for workforce households seeking convenience without a downtown premium.
The area’s housing stock skews older on average (late-1980s vintage), while this asset’s 2006 construction provides a relative competitive edge versus legacy product; investors should still plan for mid-life system upgrades and targeted modernization to sharpen positioning against newer deliveries.
Tenure patterns point to a deep renter base: within a 3-mile radius, approximately 44% of housing units are renter-occupied, supporting demand depth for multifamily. Neighborhood-level renter-occupied share is lower, suggesting additional pull from surrounding catchments. Home values sit in a higher national percentile relative to local incomes, which tends to sustain reliance on rental options and can support pricing power, while the neighborhood rent-to-income levels indicate manageable affordability that can aid retention.
Demographics within a 3-mile radius show population growth and a notable increase in households over the past five years, with forecasts calling for continued expansion by 2028. Average household size is edging down, which typically broadens the renter pool and supports occupancy stability for a range of unit types.
Safety trends should be evaluated thoughtfully. The neighborhood ranks below the metro median for safety (relative position 225 among 368 Jacksonville neighborhoods), and national comparisons place it below the higher-performing percentiles. Recent data indicate year-over-year increases in both property and violent offenses at the neighborhood level.
For investors, the key consideration is operational: proactive security measures, lighting and access controls, and coordination with local resources can help support resident confidence and leasing stability. Compare site-level incident history and insurance assumptions to submarket peers to calibrate underwriting.
Nearby corporate anchors offer a diverse white-collar employment base that supports renter demand and commute convenience, including rail transportation, title insurance, financial technology services, and electrical distribution.
- CSX — rail transportation (7.8 miles) — HQ
- Fidelity National Financial — title insurance (8.5 miles) — HQ
- Fidelity National Information Services — financial technology services (8.5 miles) — HQ
- Anixter — electrical distribution (14.1 miles)
Constructed in 2006 with 24 units averaging about 1,050 square feet, this asset offers larger floor plans than many legacy comparables and a useful age advantage versus the neighborhood’s older stock. According to CRE market data from WDSuite, neighborhood occupancy is stable, and the broader 3-mile area shows population growth and a rising household count, supporting renter pool expansion and consistent absorption.
Renter-occupied share within 3 miles is substantial, and elevated ownership costs relative to local incomes reinforce reliance on multifamily housing, which can aid pricing power when paired with thoughtful lease management. The property’s mid-2000s vintage suggests manageable capital planning with targeted value-add opportunities (interiors, amenities, and systems refresh) to strengthen competitive positioning against newer deliveries.
- 2006 construction offers a relative edge versus older neighborhood stock, with room for targeted upgrades.
- Larger average unit sizes support family and roommate demand, aiding retention and lease trade-outs.
- Expanding 3-mile renter pool and household growth support occupancy stability and steady leasing.
- Elevated ownership costs versus incomes sustain multifamily demand and potential pricing leverage.
- Risk: neighborhood safety ranks below metro median; incorporate security, insurance, and retention strategies into underwriting.