| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 57th | Good |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12021 McCormick Rd, Jacksonville, FL, 32225, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1991 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12021 McCormick Rd Jacksonville Multifamily Investment
Inner-suburban location with steady renter demand supported by higher-income households and a predominantly owner-occupied landscape at the neighborhood level, according to WDSuite’s CRE market data. Expect resilient leasing dynamics tied to local amenities and employment access rather than downtown dependency.
This Inner Suburb of Jacksonville rates B+ overall and is competitive among Jacksonville neighborhoods (ranked 103 out of 368), per WDSuite. Neighborhood statistics indicate an above-median income profile and elevated home values (around the 73rd percentile nationally), which can reinforce willingness to pay and reduce turnover for well-managed multifamily assets. Renter-occupied housing represents about one-quarter of neighborhood units, signaling a defined but not oversupplied tenant base; investors typically focus on product quality and convenience to capture this demand.
Within a 3-mile radius, demographics point to modest population growth in recent years and a clearer rise in household counts, which supports a larger local renter pool. Forward-looking estimates show continued household expansion alongside higher incomes, a combination that can underpin occupancy stability and measured rent growth when paired with disciplined lease management.
Everyday conveniences are a strength. Grocery and restaurant access trend above national averages (roughly upper-70s percentiles), and park access scores even higher, supporting livability and retention. Childcare density also rates strong. By contrast, the immediate area shows limited café and pharmacy presence, so onsite or nearby retail alternatives and resident services can be a differentiator for leasing.
Neighborhood vintage trends skew slightly older than this 1991 asset, giving the property a relative edge versus 1980s-era stock. That said, capital planning for unit refreshes and systems modernization remains prudent to sustain competitive positioning against newer deliveries across the metro.
Safety indicators for the neighborhood track below the national median, with overall crime measures around the 19th percentile and violent offense indicators near the 30th percentile nationwide, based on WDSuite data. Recent readings also reflect a year-over-year uptick in estimated property and violent offenses. Conditions can vary by block and over time, so investors typically underwrite enhanced lighting, access control, and partnerships with local security as part of asset plans.
Compared with the Jacksonville metro, this positioning suggests investors should emphasize visibility, site design, and resident engagement to support retention. If referencing ranks, interpret them relative to 368 metro neighborhoods and prioritize trend direction and mitigation rather than block-level conclusions.
The employment base mixes rail transportation, financial services, and distribution within practical commuting distance, supporting workforce housing demand and retention for stabilized multifamily. The companies noted below anchor that base.
- CSX — rail transportation (10.0 miles) — HQ
- Fidelity National Financial — title insurance (10.7 miles) — HQ
- Fidelity National Information Services — fintech/payments (10.7 miles) — HQ
- Anixter — electrical and network distribution (15.5 miles)
This 100-unit property, built in 1991, sits in a B+ Inner Suburb where elevated incomes and home values support pricing power for well-run assets. Neighborhood occupancy has softened from prior readings but remains serviceable; paired with a renter-occupied share near one-quarter of local housing, the story favors operations that emphasize convenience and quality to attract a defined tenant base rather than chasing volume. According to WDSuite’s commercial real estate analysis, neighborhood rents and value measures place the area above national norms, pointing to durable demand where management execution is the key lever.
Within a 3-mile radius, recent population gains and a more pronounced increase in households expand the local renter pool, with forward estimates indicating continued household and income growth. The 1991 vintage is slightly newer than the area’s average stock from the late 1980s, offering competitive positioning versus older product, while still warranting selective modernization to sustain performance against newer deliveries in the broader metro.
- B+ Inner Suburb with above-national income and home value context supporting pricing power
- Household growth within 3 miles expands the renter pool and supports occupancy
- 1991 vintage offers an edge over older stock; targeted updates can enhance competitiveness
- Proximity to major employers supports retention for workforce-oriented units
- Risks: safety indicators below national median and a softening neighborhood occupancy require active management