| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 86th | Best |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9825 Gate Pkwy N, Jacksonville, FL, 32246, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2008 |
| Units | 35 |
| Transaction Date | 2006-11-22 |
| Transaction Price | $3,779,800 |
| Buyer | MID AMERICA APARTMENTS L P |
| Seller | GCM DEERWOOD LLC |
9825 Gate Pkwy N Jacksonville Multifamily Investment
According to WDSuite’s CRE market data, the surrounding neighborhood demonstrates strong renter concentration and amenity access, while neighborhood occupancy trends sit below national norms—pointing to selective leasing execution as a key value lever.
Located in Jacksonville’s Inner Suburb, the property benefits from a neighborhood rated A+ (ranked 8th among 368 metro neighborhoods), signaling competitive fundamentals relative to the metro, based on CRE market data from WDSuite. Restaurants and cafes are dense (restaurant density ranked 9th and cafes 17th among 368), placing the area in the top quartile nationally for amenities, which supports resident convenience and lease retention.
Construction in this area skews relatively recent versus metro norms (average 2002). With a 2008 vintage, the asset should remain competitive against older stock; investors may still plan for mid-life system updates or selective renovations to bolster positioning.
Renter-occupied housing is a defining feature: the neighborhood’s renter concentration is high (63%+ of housing units renter-occupied; top decile nationally), indicating a deep tenant base for multifamily. Neighborhood occupancy levels, however, track below national medians, so underwriting should emphasize leasing strategy and property-level operations to sustain stabilization.
Within a 3-mile radius, demographics point to a larger tenant base over time: population and household counts have grown meaningfully in recent years, with additional household growth projected through 2028. The area skews younger-adult heavy, and incomes have trended higher, which supports rentability. Home values are relatively accessible in the local context, which could introduce some competition with ownership; yet rent-to-income levels appear manageable, suggesting affordability pressure is not acute for many renters. These dynamics, taken together with strong amenity access and an Inner Suburb location, reinforce demand potential for multifamily property research.
Safety indicators for the neighborhood trend below both national and metro benchmarks. The area sits in the lower tier of Jacksonville neighborhoods for safety (crime rank near the bottom among 368), and national comparisons place it well below the median for both property and violent offense measures. Recent year-over-year readings indicate increases, so investors should incorporate enhanced security operations, lighting, and monitoring into capital and operating plans, and evaluate how on-site management can support resident comfort and retention.
The employment base features nearby corporate offices that help support renter demand through commute convenience and leasing durability, including CSX, Fidelity National Financial, Fidelity National Information Services, and Anixter.
- CSX — transportation & logistics corporate offices (8.3 miles) — HQ
- Fidelity National Financial — financial services corporate offices (8.6 miles) — HQ
- Fidelity National Information Services — fintech corporate offices (8.6 miles) — HQ
- Anixter — distribution & technology solutions offices (8.8 miles)
This 2008-vintage asset is positioned in a high-amenity Inner Suburb with a deep renter base and strong neighborhood standing (top 10 within the Jacksonville metro), according to CRE market data from WDSuite. While neighborhood occupancy runs below national medians, the combination of dense retail/food options and a growing 3-mile household pool supports demand, with value creation hinging on leasing execution and targeted unit/interior enhancements typical for assets at this vintage.
Ownership costs in the area are comparatively accessible, which can create competition with for-sale housing, yet rent-to-income levels and a high share of renter-occupied units suggest durable multifamily demand. Proximity to major employers further supports retention and day-to-day leasing.
- 2008 vintage offers competitive positioning versus older stock, with room for selective modernization
- High renter concentration and growing 3-mile households support tenant base depth and occupancy stability
- Amenity-rich Inner Suburb location (top-tier metro ranking) underpins leasing and retention
- Employer proximity (transportation, fintech, financial services) provides steady commuter demand
- Risks: below-median neighborhood safety and softer occupancy require stronger operations and security planning