| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 44th | Fair |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9727 Touchton Rd, Jacksonville, FL, 32246, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2000 |
| Units | 20 |
| Transaction Date | 2023-08-23 |
| Transaction Price | $64,650,000 |
| Buyer | DRAKE AT DEERWOOD LP |
| Seller | WW DEERWOOD LP |
9727 Touchton Rd Jacksonville Multifamily Opportunity
Positioned in Jacksonville’s inner suburbs, the asset benefits from strong daily amenities and a growing renter pool, according to WDSuite’s CRE market data. Expect steady demand drivers from neighborhood conveniences and regional employment access.
Livability is a core strength here. Amenity access ranks in the top quartile among 368 Jacksonville neighborhoods, with groceries, cafes, restaurants, and parks comparatively dense for an inner-suburb location. This convenience profile supports leasing velocity and day-to-day resident satisfaction.
Renter demand fundamentals are supported by demographic trends aggregated within a 3-mile radius: population growth over recent years and a larger share of renter-occupied units (about 61%) point to a deeper tenant base and leasing resiliency. The local rent-to-income ratio near 0.16 suggests manageable affordability pressure that can aid retention and reduce turnover risk during renewals.
Against metro and national CRE benchmarks, neighborhood occupancy is below the metro median (ranked 298 of 368), so operators should plan for active leasing and renewal management to maintain stability. By contrast, the area’s median home values sit well below national norms (around the 29th percentile), which can introduce some competition from ownership but also positions professionally managed rentals as a more accessible option for many households, sustaining renter reliance over time.
Vintage context matters for competitiveness. With a 2000 construction year versus a neighborhood average of 1987, the property is newer than much of the local stock, offering a relative edge on unit layouts and systems; investors should still plan for mid-life capital items and targeted updates to keep the asset positioned versus ongoing deliveries and renovated comparables.
Safety indicators are mixed and warrant monitoring. The neighborhood’s crime rank sits in the lower tier relative to the metro (253 out of 368), and national comparisons place the area in lower percentiles for both property and violent offenses. For investors, this argues for proactive security, lighting, and resident engagement measures, alongside leasing strategies that emphasize the site’s amenity access and commute convenience.
Proximity to established corporate employers underpins workforce housing demand and commute convenience for residents, including CSX, Fidelity National Financial, Fidelity National Information Services, and Anixter.
- CSX — transportation & logistics (7.7 miles) — HQ
- Fidelity National Financial — title & real estate services (8.1 miles) — HQ
- Fidelity National Information Services — fintech & payments (8.1 miles) — HQ
- Anixter — distribution & network solutions (9.5 miles)
This 20-unit asset combines inner-suburb convenience with a renter-rich 3-mile market and a construction year of 2000 that is newer than the neighborhood average. Based on commercial real estate analysis and CRE market data from WDSuite, amenity access sits in the upper tier locally, while rent-to-income levels and a growing household base support absorption and renewal outcomes.
While neighborhood occupancy trends trail the metro median and safety metrics are comparatively weaker, the location’s employer access and daily conveniences can underpin steady leasing with disciplined operations. Targeted capital planning and professional management can leverage the property’s relative vintage advantage to sustain competitive positioning versus older stock.
- Inner-suburb location with top-quartile amenity access among 368 Jacksonville neighborhoods supports day-to-day livability and leasing velocity.
- Renter-occupied concentration within 3 miles and population growth translate to a deeper tenant base and occupancy stability.
- 2000 vintage offers a relative edge versus older local stock, with scope for selective value-add to enhance rents and retention.
- Employment access to CSX and major Fidelity enterprises supports workforce housing demand and renewal probability.
- Risks: below-metro neighborhood occupancy and comparatively weaker safety metrics call for proactive security and hands-on leasing management.