| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 86th | Best |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1200 S 15th St, Fernandina Beach, FL, 32034, US |
| Region / Metro | Fernandina Beach |
| Year of Construction | 1974 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1200 S 15th St, Fernandina Beach Multifamily Investment
Elevated home values and strong household incomes signal durable renter demand in this A-rated Jacksonville metro neighborhood, according to WDSuite’s CRE market data. While neighborhood occupancy has trended softer, expanding households within 3 miles point to a larger tenant base over the medium term.
Fernandina Beach scores an A neighborhood rating and is competitive among Jacksonville neighborhoods (ranked 31 of 368), reflecting desirable coastal-suburban fundamentals. Parks access is a local strength (top quartile nationally), with groceries, pharmacies, and restaurants at mid-range densities, while cafes are limited. This mix supports day-to-day convenience without overreliance on destination retail.
The neighborhood skews ownership-heavy with a relatively low share of renter-occupied units, which can limit immediate depth but often supports stable resident profiles. Within a 3-mile radius, however, population and households have grown in recent years, and forecasts call for a sizable increase in households alongside smaller average household sizes. That dynamic typically expands the pool of one- and two-person renters and supports occupancy stability over time.
Neighborhood rents sit in the upper tier for the region, and household incomes are also strong. Rent-to-income levels indicate headroom for tenants, reinforcing lease retention potential rather than near-term affordability pressure. Elevated home values create a high-cost ownership market, which tends to sustain reliance on multifamily options and supports pricing power when product quality is competitive.
One watch item: the neighborhood’s reported occupancy rate is below metro and national norms and has softened over the past five years. Investors should weigh this against broader 3-mile demand drivers, including rising households and the projected increase in renter concentration, when assessing lease-up velocity and concession strategies.
Safety indicators compare favorably to national benchmarks: the neighborhood sits in the higher national percentiles for lower violent and property offense rates, suggesting conditions that are safer than many U.S. areas. Recent data also show a modest improvement in estimated violent offenses year over year, according to WDSuite’s CRE market data.
At the same time, estimated property offenses rose in the latest year, highlighting normal volatility that investors should monitor through updated comps and insurer feedback. Framing risk at the neighborhood level—rather than block by block—remains the right lens for underwriting.
Regional employers within commuting range help support renter demand and retention for workforce and professional households. Nearby corporate offices include CSX, Fidelity National Financial, Fidelity National Information Services, and Anixter.
- CSX — rail transportation (26.0 miles) — HQ
- Fidelity National Financial — title insurance (26.6 miles) — HQ
- Fidelity National Information Services — fintech & payments (26.6 miles) — HQ
- Anixter — distribution (35.9 miles)
1200 S 15th St totals 60 units built in 1974—older than the neighborhood’s average vintage—pointing to potential value-add through unit and system upgrades, amenity refreshes, and energy-efficiency improvements. The surrounding area combines high household incomes, elevated ownership costs, and upper-tier neighborhood rents, conditions that typically underpin renter demand and support retention when product is well-positioned. According to CRE market data from WDSuite, neighborhood occupancy has run softer, so underwriting should account for leasing velocity and potential concession needs while leaning on the 3-mile expansion in households and a projected rise in renter concentration.
Within a 3-mile radius, recent growth in population and households, alongside forecasts for additional household gains and smaller average household sizes, suggests a larger tenant base for smaller-format apartments over the medium term. Elevated home values reinforce reliance on multifamily housing, while rent-to-income levels point to manageable affordability pressure that can aid lease stability.
- 1974 vintage offers clear value-add and CapEx planning opportunities versus newer neighborhood stock
- High-income area with elevated ownership costs supports durable renter demand and pricing power
- 3-mile growth and smaller household sizes expand the renter pool for one- and two-bedroom product
- Underwriting consideration: neighborhood occupancy has softened; plan for lease-up pacing and possible concessions