| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 33rd | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 W Joey Cir, Green Cove Springs, FL, 32043, US |
| Region / Metro | Green Cove Springs |
| Year of Construction | 1979 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
100 W Joey Cir, Green Cove Springs 24-Unit Multifamily
Neighborhood occupancy is near 90%, supporting stable cash flow potential according to WDSuite’s CRE market data, with rents positioned for workforce households. The location’s suburban fundamentals point to durable renter demand relative to the Jacksonville metro.
Green Cove Springs offers suburban livability with day-to-day conveniences and access to the broader Jacksonville employment base. Parks and pharmacies score in the top quartile nationally, while grocery access sits above the national midpoint, indicating practical amenity coverage. Within the Jacksonville metro, overall amenity positioning ranks competitive among 368 neighborhoods, helping support resident retention.
The property’s 1979 vintage is newer than the neighborhood’s average construction year of 1968. For investors, that typically means somewhat stronger competitive positioning versus older local stock, while still budgeting for aging systems and selective modernization to drive rent lift.
Renter-occupied housing accounts for roughly one-third of units at the neighborhood level (about 30%), signaling a moderate renter concentration and a workable tenant base for a 24-unit asset. Neighborhood occupancy trends sit around the metro median, which can support leasing stability, particularly with pragmatic rent-setting and renewal management.
Within a 3-mile radius, population and household counts have expanded meaningfully over the last five years, with further growth expected, pointing to a larger tenant base and continued renter pool expansion. Median contract rents in the neighborhood align around the national middle, and rent-to-income ratios are measured at investor-manageable levels, which can aid lease retention and limit affordability pressure during renewals. Home values track below the national midpoint, suggesting some competition from ownership; however, this also supports the role of multifamily as an accessible option for households not prioritizing purchase, maintaining steady rental demand.
School ratings in the neighborhood average near the national midpoint, which is adequate for workforce-oriented demand but not a premium driver. Dining options index above the national median, while cafes are limited locally; these nuances should be considered in marketing and positioning.
Safety indicators are mixed when viewed against broader benchmarks. Relative to neighborhoods nationwide, property offenses sit below the national midpoint, while violent offenses trend below average safety percentiles. Within the Jacksonville metro, the neighborhood’s crime rank places it around the middle of 368 neighborhoods, rather than in the highest-safety tier.
Recent momentum is also mixed: estimated property offense rates improved over the last year, whereas violent offense estimates moved higher. For investors, this suggests monitoring trendlines and engaging in standard asset-level measures (lighting, access control, resident screening) to support leasing performance without relying on block-level assumptions.
Proximity to Jacksonville’s corporate offices supports workforce housing demand and commute convenience, with access to distribution and financial services employers that can underpin leasing stability at the neighborhood level.
- Anixter — corporate offices (14.4 miles)
- Fidelity National Financial — corporate offices (23.2 miles) — HQ
- Fidelity National Information Services — corporate offices (23.2 miles) — HQ
- CSX — corporate offices (23.6 miles) — HQ
100 W Joey Cir is a 24-unit, late-1970s asset positioned in a suburban Jacksonville-area neighborhood with steady renter demand and amenity coverage that is competitive within the metro. The 1979 construction offers relative age advantages over the local average vintage, with scope for targeted value-add and capital planning to modernize interiors and common areas. Neighborhood occupancy sits around the metro median, and rent levels near the national middle, supporting a practical positioning strategy focused on workforce households.
Population and household growth within a 3-mile radius signal a larger tenant base ahead, supporting occupancy stability and renewal performance. According to CRE market data from WDSuite, moderate renter concentrations and manageable rent-to-income ratios point to retention benefits, while lower local home values mean some competition from ownership—an important consideration for pricing and amenity strategy.
- Suburban location with amenity access competitive among 368 Jacksonville neighborhoods, supporting leasing and renewals
- 1979 vintage offers value-add potential versus older local stock; plan for targeted system and finish upgrades
- 3-mile population and household growth expand the renter pool, aiding occupancy stability
- Rent levels near the national middle with manageable rent-to-income ratios support tenant retention
- Risks: mixed safety trendlines and competition from ownership require disciplined pricing and asset management