| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 33rd | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1343 Love Dr, Green Cove Springs, FL, 32043, US |
| Region / Metro | Green Cove Springs |
| Year of Construction | 1979 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1343 Love Dr Green Cove Springs Multifamily Asset
Neighborhood occupancy is holding near the low-90s and has improved over the past five years, pointing to steady renter demand, according to WDSuite’s CRE market data. Population and household growth within a 3-mile radius further support leasing durability for a 25-unit asset.
The property sits in a suburban pocket of the Jacksonville, FL metro with a B- neighborhood rating and amenity access that is competitive among local peers. Amenity availability ranks 61st out of 368 metro neighborhoods, placing the area in the top quartile locally; nationally, restaurant and park access trend above average (mid-70s to low-80s percentiles), while cafes are sparse. Day-to-day needs are serviceable with grocery and pharmacy presence tracking modestly above national midpoints.
At the neighborhood level, renter-occupied housing accounts for roughly three in ten units, indicating a defined but not dominant renter base that can support multifamily absorption. Measured for the neighborhood (not this property), occupancy is about 90% and has trended upward over the last five years, which can help stabilize cash flow through cycles.
Within a 3-mile radius, the tenant base is expanding: population has grown materially in recent years and households have increased by roughly the mid-40% range, with forecasts pointing to continued gains over the next five years. This expansion suggests a larger renter pool and potential for sustained occupancy as new households form and in-migrate.
Home values sit below national medians while the neighborhood’s value-to-income ratio is above the national midpoint, a mix that can keep many households in the rental market longer. Rent-to-income ratios are comparatively low here, which can support retention and reduce turnover risk, but lower ownership costs relative to some coastal markets may create competition from for-sale alternatives at certain price points. Average school ratings in the area track near the national midpoint.
Safety dynamics are mixed and should be evaluated alongside submarket trends. The neighborhood’s crime rank is 112 out of 368 Jacksonville metro neighborhoods, indicating more reported incidents than the metro median. Nationally, property offense levels read around the lower-middle range, while violent offense rates sit further below the national midpoint.
Recent momentum is uneven: estimated property offenses declined year over year, whereas violent offense estimates increased over the same period. Investors may wish to review property-level security, lighting, and resident screening practices relative to nearby comps and monitor citywide policing and prevention initiatives.
Regional employment anchors within commuting range—Anixter, Fidelity National Financial, Fidelity National Information Services, and CSX—support a diversified white-collar base that can underpin renter demand and lease retention.
- Anixter — distribution & corporate offices (14.1 miles)
- Fidelity National Financial — financial services HQ (22.4 miles) — HQ
- Fidelity National Information Services — financial technology HQ (22.4 miles) — HQ
- CSX — rail transportation HQ (22.9 miles) — HQ
1343 Love Dr is a 25-unit, 1979-vintage asset positioned in a suburban neighborhood where renter demand is supported by steady occupancy and meaningful household growth within a 3-mile radius. The property is newer than the local average vintage (late 1960s), which can offer competitive positioning versus older stock while still leaving room to plan for system updates and targeted renovations. According to CRE market data from WDSuite, neighborhood occupancy has improved over five years and rent-to-income levels are comparatively low, a combination that can support retention and pricing flexibility.
Market context is constructive but balanced. Below-national home values and a value-to-income ratio above the national midpoint signal a high-cost ownership market for some households, reinforcing reliance on rentals; however, ownership alternatives remain present and should be considered in leasing strategy. Safety trends are mixed at the neighborhood level, underscoring the value of active asset management and prudent underwriting.
- Occupancy near the low-90s at the neighborhood level with an improving five-year trend supports cash flow stability.
- Expanding 3-mile population and households point to a growing renter pool and sustained absorption potential.
- 1979 vintage offers competitive positioning versus older area stock with scope for targeted value-add.
- Relatively low rent-to-income ratios can aid lease retention and reduce turnover risk.
- Risks: mixed safety trends and potential competition from ownership options warrant conservative underwriting.