| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 56th | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 37031 Cody Cir, Hilliard, FL, 32046, US |
| Region / Metro | Hilliard |
| Year of Construction | 1974 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
37031 Cody Cir Hilliard 104-Unit Multifamily Investment
Neighborhood occupancy around 97% points to steady tenancy and measured pricing power, based on WDSuite’s CRE market data, while an owner-leaning area supports durable demand for professionally managed rentals.
This rural pocket of Hilliard sits within the Jacksonville, FL metro and offers quiet living with limited walkable retail, dining, and services. Investors should expect residents to rely on nearby town centers for groceries and daily needs, which places a premium on on-site parking, package handling, and property convenience features.
Neighborhood-level occupancy is strong at roughly 97.0% and ranks in the top quartile nationally, supporting stable collections and lower turnover risk according to WDSuite’s CRE market data. Within the metro context, the broader neighborhood performance is below the metro median among 368 neighborhoods, so disciplined operations and targeted upgrades can differentiate product.
The property’s 1974 vintage is older than the neighborhood’s average construction year (1983). That age gap points to pragmatic capital planning: exterior refresh, interiors, and building systems modernization can position the asset competitively versus newer stock while capturing value-add upside.
Tenure patterns indicate an owner-leaning area at the neighborhood level, but demographic statistics aggregated within a 3-mile radius show a meaningful renter base (about four in ten housing units renter-occupied), supporting depth for multifamily leasing. Recent 3-mile trends show slight contraction in population and households, yet forward-looking projections indicate growth in both population and household counts, which would expand the local renter pool and support occupancy stability if realized.
Home values sit in a moderate range for the region, and rent-to-income metrics (around 19% at the neighborhood level) suggest manageable affordability pressure. For investors, this typically supports resident retention; however, more accessible ownership options can create competition, so amenity and service quality remain important for pricing and lease renewals.
Neighborhood-level crime data is not available in this release from WDSuite for this location. Investors commonly benchmark safety by comparing neighborhood trends to metro and county reports and by reviewing recent incident patterns over multiple years. Standard due diligence steps—such as reviewing police blotters, visiting at various times, and consulting insurance loss runs—are recommended to validate on-the-ground conditions.
Commuter access to Jacksonville’s employment core underpins renter demand, with proximity to railroad, insurance, fintech, and industrial distribution employers that can support leasing and retention.
- CSX — railroad/transportation (28.4 miles) — HQ
- Fidelity National Financial — title insurance (28.4 miles) — HQ
- Fidelity National Information Services — fintech (28.4 miles) — HQ
- Anixter — electrical distribution (43.9 miles)
37031 Cody Cir offers scale at 104 units in a rural Nassau County setting where neighborhood occupancy is strong and the renter base draws from commuter ties to Jacksonville’s job centers. The 1974 vintage is older than the area’s average, creating clear value-add pathways through interior modernization and systems upgrades that can enhance competitiveness. According to CRE market data from WDSuite, occupancy trends sit above many metro peers and rent-to-income metrics indicate manageable affordability pressure, supporting retention-focused strategies.
Demographic statistics within a 3-mile radius show a stable renter concentration today with projections pointing to expansion in population and households, which would broaden the tenant base and sustain leasing. Limited walkable amenities and an owner-leaning neighborhood profile suggest that property-level services, maintenance reliability, and convenience features will be central to pricing power and renewals.
- High neighborhood occupancy supports collections and reduces downtime risk
- 1974 vintage provides value-add potential through interior and systems upgrades
- Commuter access to Jacksonville employers diversifies renter demand
- Manageable rent-to-income metrics aid retention-focused revenue management
- Risks: limited neighborhood amenities and owner-leaning tenure may temper pricing power