| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 67th | Good |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2021 Jasmine St, Fernandina Beach, FL, 32034, US |
| Region / Metro | Fernandina Beach |
| Year of Construction | 1989 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2021 Jasmine St Fernandina Beach 46-Unit Multifamily
Neighborhood fundamentals point to steady renter demand supported by an ownership-leaning area and rising household incomes, according to WDSuite’s CRE market data. Elevated home values relative to incomes reinforce leasing durability, while nearby retail and dining density add day-to-day convenience for tenants.
Fernandina Beach’s neighborhood ranks 54 out of 368 in the Jacksonville metro, placing it in the top quartile locally and signaling strong overall livability for a suburban setting. Amenity access is competitive nationally (restaurants in the 92nd percentile, cafes in the 77th percentile, groceries in the 76th percentile), which supports daily convenience and leasing appeal. One gap to note is pharmacy access, which trails peers.
Neighborhood occupancy is measured at the neighborhood level and indicates mid-80s utilization, suggesting stable but competitive leasing dynamics rather than chronic tightness. The area’s renter-occupied share is modest (recent neighborhood data indicate a lower renter concentration), which typically means demand is driven by lifestyle and ownership alternatives rather than transient renter churn—often a positive for tenant quality but it can narrow the immediate leasing pool.
The property’s 1989 vintage is newer than the neighborhood’s average construction year (1960). That positioning can be competitive against older local stock while still leaving room for targeted upgrades (exteriors, interiors, or systems) to capture rent premiums as tastes and energy-efficiency expectations evolve.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, with trends pointing to smaller average household sizes and an aging population. This combination typically supports demand for well-managed apartments, especially efficient floor plans. Median school ratings are around average locally, and overall amenity density—parks, childcare, restaurants—supports family and empty-nester livability. Home values sit in a high-cost ownership market (nationally strong percentile), which tends to sustain rental demand and can bolster lease retention. Rent-to-income metrics are favorable, implying manageable rent burdens and aiding renewal strategies.
Neighborhood-level crime metrics are not available for this location in WDSuite’s dataset. Investors typically compare multi-year trends at the city and county level to understand directional safety context and how it aligns with renter expectations and insurance considerations.
Regional employment anchors within commuting range help support renter demand through a mix of transportation, financial services, and distribution. The following employers contribute to a diversified white-collar base relevant to retention and leasing stability.
- CSX — transportation & logistics (26.3 miles) — HQ
- Fidelity National Financial — financial services (27.0 miles) — HQ
- Fidelity National Information Services — fintech & payments (27.0 miles) — HQ
- Anixter — distribution (36.2 miles)
2021 Jasmine St offers exposure to a top-quartile neighborhood in the Jacksonville metro with strong amenity access and a high-cost ownership landscape that supports multifamily demand. Based on CRE market data from WDSuite, the area’s renter pool is supported by rising household incomes and growing households within 3 miles, while neighborhood occupancy indicates stable but competitive leasing conditions that reward attentive operations.
The 1989 vintage is newer than much of the surrounding housing stock, offering a relative quality edge versus older properties and room for targeted capital plans to modernize interiors and systems. With amenity-rich surroundings and proximity to diversified employment, the asset is positioned to attract households seeking convenience and smaller-format units, with pricing power tied to execution quality and ongoing demand for rental options in an ownership-leaning area.
- Top-quartile neighborhood within Jacksonville metro supports tenant appeal and leasing momentum.
- High-cost ownership market reinforces renter reliance, aiding retention and occupancy stability.
- 1989 vintage outpositions older local stock with value-add upside through targeted renovations.
- 3-mile population and household growth expands the tenant base for smaller, efficient layouts.
- Risks: neighborhood occupancy suggests competitive lease-ups; pharmacy access is limited; continued performance depends on disciplined operations and capital planning.