| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 33rd | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Joey Dr, Green Cove Springs, FL, 32043, US |
| Region / Metro | Green Cove Springs |
| Year of Construction | 1978 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Joey Dr, Green Cove Springs Multifamily Investment
Steady renter demand is supported by household growth within a 3-mile radius and neighborhood occupancy near metro norms, according to WDSuite’s CRE market data. The submarket’s fundamentals favor durable leasing with room for targeted value-add.
Green Cove Springs offers suburban livability with practical access to daily needs. Neighborhood amenity depth is competitive among Jacksonville areas, with parks and pharmacies in the top quartile nationally while restaurants perform similarly well; cafes are sparse, and grocery access is serviceable rather than standout. Average school ratings sit near the middle of national cohorts, suggesting a balanced but not distinguishing factor for leasing.
For investors, the share of housing units that are renter-occupied sits near one-third of the neighborhood, indicating a meaningful tenant base without over-reliance on rentals. Neighborhood occupancy trends hover around the metro median, which supports stable collections and manageable rollover risk. Within a 3-mile radius, population and household counts have grown materially in recent years and are projected to continue increasing, pointing to a larger renter pool and support for future occupancy stability.
The property’s 1978 vintage is newer than the neighborhood’s older housing stock on average, offering relative competitiveness versus mid-century product. That said, systems typical of late-1970s construction may still require modernization, creating clear value-add pathways through selective renovations and operational upgrades.
Ownership costs in the neighborhood are comparatively accessible versus many national markets, which can modestly compete with rentals; however, rising incomes and forecast household growth within 3 miles should sustain renter demand. Rent-to-income dynamics point to manageable affordability pressure, supporting retention and disciplined pricing rather than aggressive push strategies often seen in high-cost cores.
Safety indicators are mixed when viewed against Jacksonville and national benchmarks. The neighborhood’s crime profile is competitive among Jacksonville neighborhoods but sits below the safest cohorts nationally. Recent estimates show property incidents trending down, while violent offense estimates have risen; investors should monitor trends and incorporate practical security and management practices to support resident comfort and retention.
Regional employment anchors within commuting range include industrial distribution, rail transportation, and financial services headquarters — a combination that supports workforce and professional renter demand.
- Anixter — industrial distribution (14.3 miles)
- Fidelity National Financial — financial services (23.1 miles) — HQ
- Fidelity National Information Services — fintech (23.1 miles) — HQ
- CSX — rail transportation (23.5 miles) — HQ
This 32-unit property positions investors in a suburban Jacksonville location with a growing 3-mile renter pool, neighborhood occupancy near the metro median, and a renter-occupied share that provides depth without saturation. Based on CRE market data from WDSuite, amenity access is respectable — with parks, pharmacies, and restaurants performing in the top quartile nationally — supporting day-to-day livability and leasing stickiness.
Built in 1978, the asset is newer than much of the surrounding housing stock, providing a competitive baseline versus older product while still offering value-add potential through targeted interior and systems updates. Ownership is relatively accessible locally, which can temper aggressive rent growth; however, projected gains in households and incomes within 3 miles point to sustained multifamily demand and stable occupancy over a longer hold.
- Occupancy near metro norms supports durable collections and manageable rollover risk.
- 3-mile population and household growth expand the renter pool, supporting leasing and retention.
- 1978 vintage is newer than much local stock, creating value-add opportunities via selective modernization.
- Risks: mixed safety trends, competition from accessible homeownership, and average school ratings may limit premium pricing.