| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 49th | Fair |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2285 County Road 220, Middleburg, FL, 32068, US |
| Region / Metro | Middleburg |
| Year of Construction | 2000 |
| Units | 72 |
| Transaction Date | 2018-03-28 |
| Transaction Price | $1,480,990 |
| Buyer | SPT DOLPHIN MADISON COMMONS LLC |
| Seller | BRECKENRIDGE COMMONS LTD |
2285 County Road 220 Middleburg Multifamily Investment
Neighborhood occupancy is strong and above metro medians, supporting stable renter demand near Middleburg, according to WDSuite’s CRE market data. This positioning suggests durable leasing performance for a professionally managed asset in a suburban Jacksonville corridor.
Located along County Road 220 in Middleburg, the property sits in an inner-suburb pocket of the Jacksonville, FL metro with a B- neighborhood rating. Neighborhood occupancy is high (ranked 66 out of 368 metro neighborhoods), placing the area above the metro median and in the top quartile nationally for stability — a constructive backdrop for multifamily investors seeking consistent collections and retention.
Everyday amenities are present but not dense: grocery options are competitive among Jacksonville neighborhoods (rank 191 of 368; above national median), while restaurants are similarly accessible. Cafés and pharmacies are thinner locally, which keeps the setting more residential than retail-driven. Average school ratings in the neighborhood track below national norms, which can shape renter profiles toward households prioritizing space and commute convenience over school district premiums.
Within a 3-mile radius, demographics point to a larger tenant base today than five years ago, with population growth alongside rising household counts. Forward-looking data indicate households are projected to continue increasing even as average household size declines, implying more, smaller households entering the market — a trend that can support steady absorption of multifamily units and reinforce occupancy. Median household incomes in the 3-mile area are elevated for the region, helping sustain demand at prevailing rent levels.
For investors, tenure patterns underscore a balanced but owner-leaning market: the neighborhood’s renter-occupied share is 35.2% of housing units, offering a meaningful — though not saturation-level — pool of renters. Median home values are higher than many Southeast suburbs, which often sustains reliance on rental housing and can aid lease retention. Neighborhood rents sit above national medians but remain manageable relative to incomes, helping limit affordability pressure and supporting pricing discipline.
Safety indicators are mixed but generally favorable in broader comparisons. The neighborhood’s composite crime profile sits above the national median (66th percentile nationally), with property-related offenses tracking in the top decile for safety nationwide. Within the Jacksonville metro, the area ranks 35 out of 368 neighborhoods on a crime index where lower ranks reflect more incidents, indicating metro-relative variability that investors should underwrite with prudence.
Recent trends show volatility in violent-offense measures year over year despite an overall favorable national standing (around the 60th percentile for safety nationally). For underwriting, this supports using conservative assumptions for security, lighting, and resident policies rather than relying solely on regional averages.
Proximity to major corporate offices across Jacksonville supports a diverse employment base and commuter convenience for renters, notably in logistics, financial services, and industrial distribution.
- Anixter — industrial distribution (14.4 miles)
- Fidelity National Financial — financial services (15.9 miles) — HQ
- Fidelity National Information Services — fintech (15.9 miles) — HQ
- CSX — rail & transportation (16.5 miles) — HQ
Built in 2000, this 72-unit asset should compete well against older stock in the submarket while offering potential value-add through targeted interior refreshes and system updates typical for its age. Neighborhood fundamentals are constructive: occupancy ranks above the metro median and in the top quartile nationally, and a growing base of smaller households within a 3-mile radius supports a steady renter pool and leasing stability. Home values and incomes in the area suggest that many households will continue to rely on rental options, supporting retention and measured rent growth.
According to CRE market data from WDSuite, neighborhood rents and incomes track above national medians, and the renter-occupied share (35.2% of housing units) provides a meaningful, diversified tenant base without a supply-saturated feel. While amenity density is moderate and school ratings trail national benchmarks, these factors can position the property as practical, workforce-oriented housing with durable demand from commuters tied to Jacksonville’s employment centers.
- Occupancy above metro median and top quartile nationally supports cash flow stability
- 2000 vintage offers value-add potential through selective renovations and modernization
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Income and ownership costs reinforce reliance on rentals, aiding pricing discipline
- Risks: variable metro-relative safety readings and modest amenity density warrant conservative underwriting