| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 45th | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 45085 Brown St, Callahan, FL, 32011, US |
| Region / Metro | Callahan |
| Year of Construction | 1975 |
| Units | 32 |
| Transaction Date | 2010-12-10 |
| Transaction Price | $346,600 |
| Buyer | PINE TERRACE CALLAHAN LP |
| Seller | CALLAHAN LTD |
45085 Brown St Callahan FL Multifamily Investment
Occupancy in the surrounding neighborhood has been steady, supporting income visibility for well-run assets, according to WDSuite’s CRE market data. For investors, the location offers small-town fundamentals within the Jacksonville metro, with renter demand reinforced by regional employment access.
Callahan sits on the rural edge of the Jacksonville, FL metro, offering a quieter setting with access to metro job nodes. Neighborhood occupancy is above the metro median, indicating generally consistent renter demand at the neighborhood level rather than the property itself, based on WDSuite data. Local schools stand out: average ratings are top quartile nationally and competitive among Jacksonville neighborhoods (ranked high among 368 metro neighborhoods), a positive factor for family retention.
Daily needs are served by groceries and pharmacies that score above the metro median, while restaurants are competitive among area neighborhoods; cafes and parks are limited, reflecting the area’s rural character. For investors, this mix suggests stable everyday convenience without the premium pricing typically associated with urban amenity clusters.
Tenure patterns indicate a moderate renter-occupied share (around one-quarter of housing units in the neighborhood), which supports a workable tenant base without heavy turnover pressures. At the 3‑mile radius, households and families have grown over the past five years and are projected to increase further, pointing to a larger tenant pool and support for occupancy stability. WDSuite’s neighborhood data also shows a low rent-to-income burden locally, which can aid renewal rates and reduce leasing friction.
Vintage considerations matter: the property was built in 1975, older than the neighborhood’s average construction year. That typically implies higher ongoing capital needs but also potential value‑add through unit and system upgrades, positioning the asset to compete effectively against aging stock while targeting durable, workforce-oriented demand.
Specific, comparable crime statistics for this neighborhood are not available in the current WDSuite release. Investors typically contextualize safety by reviewing Nassau County and broader Jacksonville metro trends alongside property operations (lighting, access control, and visibility). Without block‑level metrics, it is prudent to benchmark against peer rural neighborhoods and monitor trend direction rather than single‑period snapshots.
Proximity to Jacksonville’s logistics, rail, and financial services employers underpins workforce housing demand and commute convenience for renters. Notable nearby employers include CSX, Fidelity National Financial, Fidelity National Information Services, and Anixter.
- CSX — rail & transportation HQ (18.6 miles) — HQ
- Fidelity National Financial — title & insurance services (18.7 miles) — HQ
- Fidelity National Information Services — financial technology (18.7 miles) — HQ
- Anixter — distribution & network solutions (34.1 miles)
This 32‑unit 1975 asset in Callahan benefits from stable neighborhood occupancy and a renter base supported by access to Jacksonville employment centers. According to WDSuite’s commercial real estate analysis, the surrounding neighborhood posts above‑median occupancy and top‑quartile school ratings nationally, which can support retention for family-oriented units. The area’s low rent‑to‑income burden suggests room for disciplined revenue management, while a moderate renter concentration supports depth without excessive turnover risk.
Given its older vintage relative to local averages, the property presents clear value‑add angles through interior modernization and system upgrades, with capital planning essential to maintain competitiveness. Investors should weigh rural amenity limitations against the appeal of lower living costs and commute access to major Jacksonville employers, aiming to capture durable workforce demand while managing capex and leasing velocity prudently.
- Steady neighborhood occupancy above metro median supports income stability
- Top‑quartile school ratings nationally enhance family retention potential
- Low rent‑to‑income burden enables measured pricing power and renewals
- 1975 vintage offers value‑add potential via renovations and system upgrades
- Risk: rural amenity depth is limited; leasing may rely on workforce commuters