| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 50th | Fair |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7735 Plantation Bay Dr, Jacksonville, FL, 32244, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2001 |
| Units | 73 |
| Transaction Date | 2011-04-27 |
| Transaction Price | $17,100,000 |
| Buyer | MOMENTUM ACQUISITIONS LLC |
| Seller | PLANTATION BAY APARTMENTS L L C |
7735 Plantation Bay Dr Jacksonville, FL Multifamily Investment
Neighborhood occupancy and a deep renter base point to stable leasing fundamentals, according to WDSuite’s CRE market data. The property’s inner-suburb location supports everyday convenience and steady renter demand without relying on downtown adjacency.
This inner-suburb location in Jacksonville balances everyday services with access to jobs, making it relevant for workforce renters. Neighborhood occupancy is 94.2%, which is competitive among Jacksonville neighborhoods and above national norms, supporting income stability for multifamily assets. Rents in the area sit above national medians for similar neighborhoods, but current levels still align with working-household incomes for broad demand capture.
Amenity access is mixed: grocery and pharmacy availability track above national averages, while cafes, childcare, and park access are thinner locally. For investors, that combination tends to favor practical, price-sensitive leasing over lifestyle-driven premiums, with value realized through well-maintained units and reliable service rather than amenity-heavy positioning.
The neighborhood skews renter-heavy, with about two-thirds of housing units renter-occupied (65.9%). That renter concentration signals depth in the tenant pool and generally supports occupancy resilience, particularly for mid-market product. Median home values in the area are elevated relative to local incomes, which can sustain reliance on rental options and support lease retention.
Within a 3-mile radius, population has grown in recent years and households have expanded at a faster pace, while average household size has edged down. Looking ahead, WDSuite’s commercial real estate analysis indicates continued population growth and a notable increase in household count, which points to a larger tenant base and supports leasing stability over the medium term.
Safety metrics for the neighborhood trend weaker than both national and metro benchmarks. The area ranks 284 out of 368 Jacksonville neighborhoods on crime, placing it below the metro median, and its national crime percentile sits in the lower decile. Recent year-over-year estimates also indicate an uptick in both property and violent offenses.
Investors typically account for these conditions through operational planning and risk-adjusted underwriting. Comparative performance should be monitored against peer submarkets in Jacksonville, as improvements or further deterioration can influence retention, insurance costs, and capital planning.
Proximity to established corporate employers supports a stable commuter tenant base and underpins weekday occupancy. Nearby anchors include Fidelity National Information Services, Fidelity National Financial, CSX, and Anixter.
- Fidelity National Information Services — financial technology (9.0 miles) — HQ
- Fidelity National Financial — title & insurance (9.0 miles) — HQ
- CSX — rail & transportation HQ offices (9.7 miles) — HQ
- Anixter — distribution & electrical supplies (14.4 miles)
Built in 2001, the property is newer than the neighborhood’s average vintage, which can aid competitive positioning versus older stock while still leaving room for targeted modernization to drive rent and retention. Occupancy in the immediate area is strong and the renter concentration is high, indicating a deep tenant base and support for stabilized operations, based on CRE market data from WDSuite.
Within a 3-mile radius, population growth and a faster rise in household counts point to renter pool expansion. Median home values are relatively high versus local incomes, which reinforces reliance on rental housing; however, rent-to-income levels in the mid-20% range suggest measured affordability pressure that warrants active lease management. Taken together, fundamentals favor steady occupancy with upside via selective renovations and operational execution.
- 2001 vintage offers competitive positioning versus older neighborhood stock, with potential for targeted value-add.
- Competitive neighborhood occupancy and high renter concentration support income stability.
- 3-mile radius shows population growth and rising household counts, expanding the tenant base.
- Ownership costs relative to income sustain rental demand, aiding lease retention potential.
- Risks: weaker safety metrics and some affordability pressure require conservative underwriting and focused operations.