| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 51st | Fair |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3960 Old Sunbeam Rd, Jacksonville, FL, 32257, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1983 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3960 Old Sunbeam Rd Jacksonville 120-Unit Multifamily
Neighborhood data point to a sizable renter base and steady occupancy in the immediate area, according to WDSuite’s CRE market data; these metrics reflect the neighborhood, not the property.
Positioned in Jacksonville’s inner suburbs with an A- neighborhood rating, the location ranks 89 out of 368 metro neighborhoods—top quartile among Jacksonville submarkets for overall fundamentals. Amenity access favors daily needs: restaurants score strong (87th percentile nationally) alongside grocery and pharmacy availability (both above the 70th percentile), though parks and cafes are limited. For investors, that mix supports everyday convenience for renters while leaving room for curated on-site or nearby lifestyle improvements.
Neighborhood rent levels sit in the mid-range (roughly the low-60s national percentile), and occupancy is around the metro average (ranked 203 of 368). The renter-occupied share is comparatively high—ranked 85 of 368, or top quartile among Jacksonville neighborhoods—signaling depth in the tenant base and potential leasing stability through varied demand cycles. These are neighborhood-wide indicators, not property-specific performance.
Within a 3-mile radius, WDSuite data show population growth of roughly 8% over the past five years with households up about 8.5%, and a forward view indicating additional population growth near 10% and a pronounced increase in households. The projected rise in household counts occurs alongside smaller average household sizes, which can expand the renter pool and support occupancy stability and lease-up dynamics for multifamily assets.
The average construction year in the neighborhood skews newer (around 2002), while this asset was built in 1983. That age gap suggests investors should plan for targeted capital improvements—systems, unit interiors, and common-area upgrades—to compete effectively against newer stock and capture value-add upside.
Safety indicators for the surrounding neighborhood trend below national norms, with overall safety placing in lower national percentiles. Within the Jacksonville metro, the area’s crime positioning is mid-to-lower tier (ranked 175 out of 368 neighborhoods). Recent WDSuite estimates indicate year-over-year increases in both property and violent incidents at the neighborhood level. Investors commonly address this through lighting, access control, and resident engagement, and should underwrite appropriate operating line items. These references describe neighborhood patterns, not property-specific conditions.
- Anixter — industrial distribution (7.2 miles)
- Fidelity National Financial — financial services (8.6 miles) — HQ
- Fidelity National Information Services — fintech (8.6 miles) — HQ
- CSX — rail & logistics (8.7 miles) — HQ
Nearby corporate employment anchors support commuter convenience and can bolster renter retention; key offices within a short drive include logistics, financial services, and industrial distributors listed below.
3960 Old Sunbeam Rd combines a strong neighborhood placement with broad renter demand drivers. The submarket sits in the top quartile among 368 Jacksonville neighborhoods for overall fundamentals, with mid-range rents, an above-median renter concentration, and occupancy near the metro average—ingredients that support consistent tenant flow and pragmatic pricing power over a hold period. According to CRE market data from WDSuite, elevated value-to-income dynamics in the area help sustain reliance on rentals, which can aid retention and stabilize lease-ups.
Built in 1983, the asset is older than the neighborhood’s average vintage, creating a clear value-add path through unit renovations and system upgrades to compete with early-2000s stock. Within a 3-mile radius, population and household growth—alongside smaller projected household sizes—signal ongoing renter pool expansion and support for occupancy stability, while nearby corporate employers deepen demand from commuting households.
- Top-quartile neighborhood positioning in Jacksonville with mid-range rents and solid renter demand
- 1983 vintage offers value-add upside via interior upgrades and modernization
- 3-mile population and household growth support a larger tenant base and leasing durability
- Risks: below-national safety readings and amenity gaps (parks/cafes) warrant security measures and on-site programming