| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 67th | Good |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1655 Lime St, Fernandina Beach, FL, 32034, US |
| Region / Metro | Fernandina Beach |
| Year of Construction | 1984 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1655 Lime St Fernandina Beach Multifamily Opportunity
In an ownership-heavy pocket of Fernandina Beach where the neighborhood s occupancy trends in the upper 80s, this 35-unit asset offers exposure to steady renter demand and limited competing rental stock, according to WDSuite s CRE market data.
The property sits in an A-rated suburban neighborhood within the Jacksonville metro, ranked 54 out of 368 neighborhoods op quartile nationally which points to solid livability and demand drivers for workforce and lifestyle renters. Restaurant density ranks 24 of 368 (92nd percentile nationally), and cafes and childcare options are also in the top quartile, while grocery access is competitive among Jacksonville neighborhoods.
Schools in the area average 3.0 out of 5 and place above the national middle of the pack, offering a baseline amenity for family renters. Median home values sit in higher national percentiles, and the value-to-income ratio is elevated (80th percentile nationwide), indicating a high-cost ownership market that tends to sustain rental demand and support pricing power for well-positioned multifamily.
Renter-occupied housing accounts for a relatively small share of neighborhood units (roughly one-fifth), signaling an ownership-leaning area. For investors, this often translates to a smaller but durable tenant base, less direct competition from large rental communities, and the potential to maintain occupancy with disciplined leasing and renewals.
Within a 3-mile radius, the population has grown in recent years and households have increased, with forecasts calling for additional household growth alongside smaller average household sizes. This combination generally expands the renter pool for smaller formats and supports occupancy stability for well-managed assets, based on CRE market data from WDSuite.
Neighborhood-level crime statistics for this area are not available in WDSuite s current release. Investors commonly benchmark the submarket using Jacksonville metro trend reports and verified property-level incident data to contextualize safety and operating protocols.
Practical diligence may include reviewing recent comparable assets records, assessing on-site lighting and visibility, and aligning security measures to support retention and leasing.
Regional employment is anchored by transportation and financial services, with several Fortune 500 headquarters within commuting range factors that can underpin renter demand and retention for professionally managed assets.
- CSX transportation & logistics (26.2 miles) HQ
- Fidelity National Financial financial services (26.8 miles) HQ
- Fidelity National Information Services financial technology (26.8 miles) HQ
- Anixter distribution & electrical supplies (36.1 miles)
Constructed in 1984, the asset is newer than much of the surrounding housing stock (1960 average), which can enhance competitive positioning versus older properties while still leaving room for targeted renovations and systems upgrades over time. In an A-rated, restaurant- and amenity-rich neighborhood with a high-cost ownership landscape, the renter base skews selective but stable, supporting leasing durability when operations are disciplined.
Within a 3-mile radius, recent population growth and a notable increase in households point to a larger tenant base ahead; forecasts indicate continued household expansion and smaller average household sizes, which typically favors smaller unit mixes and steady renewal performance. Neighborhood occupancy trends in the upper 80s suggest room to create value through marketing and turn efficiency, while maintaining prudent underwriting, based on commercial real estate analysis from WDSuite.
- 1984 vintage: competitive versus older local stock with clear pathways for focused value-add and systems modernization
- A-rated neighborhood with top-quartile dining and childcare access supporting renter appeal and retention
- High-cost ownership market reinforces multifamily demand and potential pricing power for well-managed assets
- 3-mile radius shows population and household growth with smaller projected household sizes, expanding the renter pool
- Risks: ownership-heavy area and mid-80s neighborhood occupancy may require proactive leasing, renewals, and asset differentiation