| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 26th | Poor |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5262 Timuquana Rd, Jacksonville, FL, 32210, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1984 |
| Units | 62 |
| Transaction Date | 2010-04-27 |
| Transaction Price | $1,100,000 |
| Buyer | Summerwinds of |
| Seller | PBE Companies, LLC |
5262 Timuquana Rd Jacksonville Multifamily Opportunity
Neighborhood data points to steady renter demand and generally stable occupancy, according to WDSuite’s CRE market data, with occupancy measured at the neighborhood level rather than the property. Investors screening Jacksonville’s inner suburbs may find durable workforce fundamentals with room for targeted operational upside.
The property sits in Jacksonville’s Inner Suburb fabric near Timuquana Rd, where daily-needs access is relatively convenient for renters. Neighborhood amenities test above national averages for parks, grocery, and pharmacies, and restaurant density is competitive, supporting day‑to‑day livability that can aid leasing and renewals (based on CRE market data from WDSuite).
On performance indicators, neighborhood multifamily occupancy is 90.6% with a five‑year improvement, signaling demand resilience at the sub-neighborhood scale rather than the asset itself. The share of housing units that are renter‑occupied is 46.8% and ranks high nationally, implying a deep tenant base for workforce product and potential for consistent absorption.
Demographic statistics aggregated within a 3‑mile radius show population growth over the past five years alongside a larger increase in total households. Projections point to further household expansion and smaller average household size, which generally enlarges the renter pool and can support occupancy stability for well‑positioned properties.
Ownership costs in the immediate area are relatively accessible versus many U.S. neighborhoods, which can introduce competition from entry‑level ownership. For multifamily investors, that context argues for a value‑driven positioning and disciplined lease management to maintain retention and pricing power. School scores in the neighborhood trend low versus national norms, which may influence family‑oriented demand; investors should calibrate marketing and amenity strategy accordingly.
Safety metrics for the neighborhood track below both metro and national norms, indicating elevated reported crime relative to many areas. Within the Jacksonville metro, the neighborhood ranks 271 out of 368 for overall crime, placing it below the metro median; nationally, the neighborhood sits in lower percentiles for safety. These readings should be framed as area‑level conditions rather than property‑specific outcomes and incorporated into underwriting via security planning and tenant‑experience measures.
Nearby employment nodes feature financial services, payments technology, rail transportation, and industrial distribution — a mix that supports a steady commuter renter base and can aid retention for workforce housing.
- Fidelity National Financial — financial services (5.6 miles) — HQ
- Fidelity National Information Services — payments technology (5.6 miles) — HQ
- CSX — rail transportation (6.3 miles) — HQ
- Anixter — industrial distribution (13.9 miles)
This 62‑unit asset benefits from a renter‑oriented neighborhood where occupancy has trended stable and the renter‑occupied share is high, indicating a durable tenant base. According to CRE market data from WDSuite, neighborhood amenities for daily needs are comparatively strong, while 3‑mile demographics show recent population growth and a faster rise in households — trends that typically support leasing velocity and help sustain occupancy for well‑managed properties.
Positioning should emphasize value and convenience: area ownership costs are relatively accessible, which can create competition from entry‑level ownership, yet the concentration of major employers within a short drive helps underpin everyday demand. Underwriting should account for neighborhood safety readings and low school ratings by tailoring security measures and resident engagement to support retention.
- Renter base depth with a high neighborhood share of renter‑occupied units supports occupancy stability.
- Household growth within 3 miles expands the near‑term leasing pool and underpins renewals.
- Proximity to multiple headquarters (financial services, payments tech, rail) reinforces demand from commuters.
- Value‑forward strategy advisable as accessible ownership options may compete with entry‑level renters.
- Risk: Neighborhood safety metrics and low school ratings lag metro averages; plan security and leasing accordingly.