| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 80th | Best |
| Amenities | 25th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3875 San Pablo Rd S, Jacksonville, FL, 32224, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1996 |
| Units | 24 |
| Transaction Date | 1997-08-13 |
| Transaction Price | $150,000 |
| Buyer | SREIT SPINNAKER REACH LLC |
| Seller | LCA SPINNAKER REACH LP |
3875 San Pablo Rd S Jacksonville Multifamily Investment
Neighborhood data points to a deep renter pool and a high-cost ownership landscape that supports sustained multifamily demand, according to WDSuite’s CRE market data. Emphasis should be on capturing household growth and retention through balanced rent positioning and operational execution.
Located in a suburban pocket of Jacksonville, the neighborhood performs competitively among 368 metro neighborhoods, with strength in incomes and housing quality metrics. Home values rank in the 94th percentile nationally, signaling a high-cost ownership market that tends to sustain reliance on rental housing and support pricing power when operations are well managed.
Renter-occupied share in the neighborhood is elevated (80th percentile nationally), indicating a substantial renter concentration and depth of tenant demand for multifamily. By contrast, neighborhood occupancy is below the national median, suggesting room to outperform via leasing strategy, asset presentation, and targeted concessions if needed. These figures reflect neighborhood conditions, not the property’s performance.
Livability indicators are mixed. Grocery access is strong (82nd percentile nationally), while nearby parks, cafes, childcare, and pharmacies are relatively limited within the immediate neighborhood footprint. For investors, this typically shifts the value proposition toward unit finishes, on-site amenities, and convenient access to regional job centers rather than walkable retail.
Within a 3-mile radius, demographics show population growth over the last five years and a larger increase in households, with projections calling for further household expansion and smaller average household sizes by 2028. This pattern generally broadens the renter base and can support occupancy stability and absorption for well-positioned assets.
The asset’s 1996 vintage is slightly newer than the neighborhood’s average construction year. That positioning can improve competitive standing versus older stock, while still leaving room for targeted modernization of interiors and building systems to drive rentability and reduce long-term capital surprises.
Safety indicators for the neighborhood sit below the national median (national percentiles in the mid-20s to 30s), meaning investors should underwrite with prudent assumptions for security, lighting, and resident experience. These figures describe neighborhood conditions rather than the property itself.
Recent year-over-year trends indicate an uptick in both property and violent offenses. Monitoring trajectory and coordinating with professional security vendors, resident policies, and environmental design can help mitigate risk relative to the broader Jacksonville, FL region.
Proximity to regional corporate offices supports commuter convenience and renter retention, particularly for professional and operations roles tied to logistics and financial services. The following employers are within a drivetime relevant to workforce housing demand in this part of Jacksonville.
- Anixter — corporate offices (11.0 miles)
- CSX — corporate offices (14.0 miles) — HQ
- Fidelity National Financial — corporate offices (14.5 miles) — HQ
- Fidelity National Information Services — corporate offices (14.5 miles) — HQ
This 1996-vintage asset benefits from a high-income, ownership-expensive neighborhood that reinforces multifamily demand. According to CRE market data from WDSuite, the area shows a strong renter-occupied share and high national percentiles for home values and incomes, conditions that often support rent durability and retention for well-managed properties.
Neighborhood occupancy trends are softer than the national median, but 3-mile demographics point to continued renter pool expansion as households grow and average household size moderates. Targeted renovations and disciplined leasing can position the property to capture absorption while balancing affordability and retention.
- High-cost ownership market and elevated incomes support multifamily demand and pricing power
- Renter-occupied concentration indicates depth of tenant base for sustained leasing
- 1996 vintage offers competitive positioning versus older stock with value-add modernization potential
- Household growth within 3 miles suggests a larger renter pool and supports occupancy stability
- Risk: Below-median neighborhood safety and softer occupancy require prudent underwriting and proactive operations