| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 75th | Best |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14951 Walden Springs Way, Jacksonville, FL, 32258, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2006 |
| Units | 30 |
| Transaction Date | 2018-11-07 |
| Transaction Price | $40,736,000 |
| Buyer | RESERVE AT BARTRAM SPRINGS LLC |
| Seller | GRE GW BARTRAM SPRINGS LLC |
14951 Walden Springs Way Jacksonville Multifamily Opportunity
Neighborhood occupancy remains solid with a renter base supported by higher local incomes and ownership costs, according to WDSuite’s CRE market data. Expect steady demand drivers from suburban families and professionals, with value-add potential given nearby stock skews newer.
This suburban pocket of Jacksonville carries a B+ neighborhood rating and shows resilient multifamily fundamentals. Neighborhood occupancy is 96.2% (measured for the neighborhood, not the property) and sits in the top quartile nationally, based on CRE market data from WDSuite. Average school ratings trend strong for the metro and land in the top quartile nationwide, which can aid leasing with family renters. Household incomes are comparatively high for the area, and home values rank above most U.S. neighborhoods, conditions that can sustain renter demand and support pricing power.
The neighborhood’s renter-occupied share is about one-quarter of housing, indicating an ownership-leaning area. For investors, that points to a stable but measured depth of the tenant base, with demand supported by households that prefer professionally managed housing or favor commute and school convenience. Within a 3-mile radius, demographics show population growth and an increase in households projected over the next five years, expanding the potential renter pool and supporting occupancy stability.
Local housing stock skews newer than much of the metro (average vintage around 2019), while the subject’s 2006 construction is older than nearby product. That gap can be a practical value-add lever: strategic interior updates and systems maintenance may enhance competitive positioning against newer comparables while managing capital exposure.
Amenity density is limited in the immediate area (cafes, restaurants, parks, and pharmacies rank below the metro median), reinforcing a car-oriented suburban living pattern. Even so, education attainment is a standout — the neighborhood’s bachelor’s degree share ranks among the highest nationally — and median contract rents are elevated versus U.S. norms, both supportive of sustained renter demand.
Safety indicators for the neighborhood trend weaker than many U.S. neighborhoods and are below the Jacksonville metro median (crime rank 203 out of 368 metro neighborhoods). Nationally, the area sits in a lower safety percentile, signaling that investors should underwrite prudent security measures and property management practices. Monitoring recent trend shifts alongside regional patterns can help calibrate risk and operating plans.
Nearby corporate offices provide a commutable employment base that can support renter demand and lease retention, particularly among professionals in distribution, transportation, and financial services.
- Anixter — distribution (3.2 miles)
- CSX — rail transportation (18.6 miles) — HQ
- Fidelity National Financial — title insurance (18.6 miles) — HQ
- Fidelity National Information Services — financial technology (18.6 miles) — HQ
14951 Walden Springs Way benefits from a high-occupancy neighborhood environment, strong school ratings, and elevated household incomes that reinforce multifamily demand. The asset’s 2006 vintage is older than the area’s predominantly late-2010s stock, creating a clear value-add path through targeted renovations and modernization to compete with newer properties. Elevated neighborhood home values relative to national norms can bolster renter reliance on multifamily housing and support pricing discipline through cycles.
According to CRE market data from WDSuite, neighborhood occupancy sits in the top quartile nationally, while demographic trends within a 3-mile radius point to population growth and a rising household count over the next five years — both supportive of a larger tenant base and lease-up resilience. Key underwriting considerations include car-oriented amenity patterns and safety metrics that trail the metro median.
- High neighborhood occupancy and strong schools support leasing stability
- 2006 vintage offers value-add/modernization upside versus newer local stock
- Elevated incomes and home values sustain renter demand and pricing discipline
- 3-mile demographics indicate growing households, expanding the renter pool
- Risks: car-oriented amenity access and below-metro-median safety metrics