| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 48th | Fair |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 250 Cherry Ridge Dr, Jacksonville, FL, 32222, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2013 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
250 Cherry Ridge Dr, Jacksonville FL Multifamily Opportunity
Suburban Jacksonville location with steady neighborhood occupancy and a broadening renter base, according to WDSuite’s CRE market data.
Positioned in a suburban pocket of Jacksonville, the property benefits from neighborhood fundamentals that are competitive among 368 Jacksonville neighborhoods (overall A- rating and an above-median standing). Amenity access trends score above national medians for restaurants, cafes, and daily-needs retail, supporting day-to-day convenience for residents without requiring a core-urban address.
Neighborhood occupancy is above the national midpoint with recent improvement, suggesting reasonably stable leasing conditions at the area level. The local renter-occupied share sits in the high-20% range, indicating a meaningful tenant base without signaling oversaturation. Elevated home values relative to incomes at the neighborhood level reinforce ongoing reliance on rental housing, while rent-to-income ratios remain in the low‑20% range—favorable for retention and measured pricing power.
Demographic statistics aggregated within a 3‑mile radius point to notable population and household growth over the last five years, with forecasts showing continued expansion and a shift toward a larger renter pool. For investors, that implies a growing pipeline of prospective tenants and support for occupancy stability over a multiyear horizon.
The 2013 construction vintage is newer than the neighborhood average, which can help competitive positioning versus older stock. While major systems age over time, the relative recency supports lower near‑term capital intensity and flexibility for selective upgrades. These neighborhood dynamics, paired with suburban livability, present a balanced case for multifamily property research in this part of Jacksonville.
Safety metrics for the surrounding neighborhood trend below national percentiles, and the area ranks in the lower tier among 368 Jacksonville neighborhoods. Recent estimates also indicate year‑over‑year increases in both property and violent offense rates. Investors should underwrite with conservative assumptions for security measures and insurance, and consider how these dynamics may affect tenant retention and operating costs.
At the same time, safety profiles can vary meaningfully block to block and can shift with local investment and management practices. Comparing site‑level incidents and historical trend lines against submarket and city benchmarks can help calibrate expectations and mitigation plans.
The westside Jacksonville location provides access to a diversified employment base, with major corporate offices within a 10–20 mile commute that can support steady renter demand and retention. Notable employers include Fidelity National Financial, Fidelity National Information Services, CSX, and Anixter.
- Fidelity National Financial — insurance & title services (12.8 miles) — HQ
- Fidelity National Information Services — fintech & payments (12.8 miles) — HQ
- CSX — rail & transportation (13.6 miles) — HQ
- Anixter — distribution & industrial (18.8 miles)
This 20‑unit, 2013‑built asset aligns with a suburban neighborhood showing above‑median occupancy and continued household formation, supporting a durable tenant base. The newer vintage offers relative competitiveness versus older stock while allowing room for targeted value‑add as systems age. According to CRE market data from WDSuite, neighborhood rent levels, rent‑to‑income dynamics, and amenity access collectively point to balanced pricing power without overreaching affordability pressure.
Within a 3‑mile radius, past and forecast growth in population and households suggests a larger renter pool over time. Elevated ownership costs at the neighborhood level help sustain demand for multifamily housing, while proximity to several HQ employers underpins leasing resilience and retention potential. Key to the thesis will be disciplined operations and calibrated capital planning to maintain competitive finishes and control controllables.
- Newer 2013 vintage supports competitive positioning and moderates near‑term capex, with scope for selective upgrades.
- Neighborhood occupancy above national midpoint with improving trend supports leasing stability.
- 3‑mile radius shows expanding population and households, indicating a growing tenant pipeline.
- Elevated ownership costs and proximity to HQ employers reinforce multifamily demand and retention.
- Risks: below‑average safety metrics and potential insurance/security cost pressure; maintain conservative underwriting.