| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 59th | Good |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8220 Dix Ellis Trl, Jacksonville, FL, 32256, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1984 |
| Units | 32 |
| Transaction Date | 2020-04-03 |
| Transaction Price | $3,225,000 |
| Buyer | JACKSONVILLE PORTFOLIO OPPORTUNITY PHASE III |
| Seller | BAYMEADOWS HOTEL 18 LLC |
8220 Dix Ellis Trl, Jacksonville Value-Add Multifamily
Neighborhood fundamentals point to steady renter demand and occupancy stability, according to WDSuite s CRE market data. Investor focus: strong renter concentration in the area supports leasing durability for a 32-unit asset.
This Inner Suburb location ranks above metro median for overall neighborhood performance (A- rating among 368 Jacksonville neighborhoods), with occupancy measured for the neighborhood in the mid-90s and trending upward over the past five years. Renter-occupied share is high for the neighborhood, indicating a deep tenant base that can support multifamily absorption and renewal rates.
Local amenity access is a relative strength: grocery and restaurant density sit in the top quartile nationally for neighborhoods, while cafes are above national norms. These conveniences typically aid lease retention and day-to-day livability for residents. Park and pharmacy counts are limited in the immediate neighborhood, which investors should weigh against otherwise solid retail access.
Within a 3-mile radius, population and household counts have expanded and are projected to continue growing, pointing to a larger tenant base over the next five years. Household sizes are edging smaller, which can favor demand for well-laid-out one- and two-bedroom units. Median household incomes have risen meaningfully in the radius, aligning with rent levels while helping support occupancy stability.
For the neighborhood, the rent-to-income ratio is in a manageable range for many renters, which can reduce affordability pressure and support renewal velocity. Elevated home values relative to incomes at the neighborhood level signal a high-cost ownership market, reinforcing renter reliance on multifamily housing and supporting pricing power for professionally managed assets.
Safety trends should be evaluated carefully. The neighborhood s crime rank sits in the lower-performing cohort of Jacksonville (ranked 250 among 368 metro neighborhoods), and national comparisons place it in a lower percentile for safety versus neighborhoods across the country. Recent estimates also indicate a year-over-year increase in both property and violent offense rates. Investors often mitigate this with strong on-site management, lighting, and resident engagement, and by emphasizing the submarket s commute and amenity access in leasing.
Proximity to regional employers supports workforce-oriented renter demand and commute convenience for residents, notably in logistics and financial services represented by Anixter, CSX, and the Fidelity organizations listed below.
- Anixter 4 d corporate offices (6.4 miles)
- CSX 4 d corporate offices (9.1 miles) 4 d HQ
- Fidelity National Financial d corporate offices (9.2 miles) d HQ
- Fidelity National Information Services d corporate offices (9.2 miles) d HQ
This 32-unit asset built in 1984 is slightly newer than the neighborhood s average vintage, offering competitive positioning versus older stock while still warranting targeted modernization of systems and interiors. Neighborhood occupancy is above the metro median and competitive among Jacksonville neighborhoods, and a high renter-occupied share at the neighborhood level points to durable leasing demand. Based on CRE market data from WDSuite, local amenity access is strong for daily needs, which can aid retention.
Within a 3-mile radius, population growth and a projected increase in households suggest a larger tenant base ahead. The neighborhood s manageable rent-to-income ratio supports lease renewal prospects, while elevated ownership costs relative to incomes reinforce reliance on rental housing. Key considerations include addressing property-level security measures given lower relative safety rankings and balancing value-add scopes with rent positioning in the submarket.
- Above-metro neighborhood occupancy and high renter concentration support demand stability
- 1984 vintage provides competitive positioning with potential to capture renovation upside
- Growing 3-mile population and households expand the tenant base, aiding lease-up and renewals
- Strong grocery and restaurant access supports resident convenience and retention
- Risks: lower relative safety metrics and limited parks/pharmacy access warrant active management