| 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 | 105 |
| Transaction Date | 2016-09-15 |
| Transaction Price | $4,316,000 |
| Buyer | EO HILLIARD HOLDINGS LLC |
| Seller | EO HILLIARD HOLDINGS LLC |
37031 Cody Cir, Hilliard FL Multifamily Investment
Neighborhood occupancy is strong and the rural location offers cost-sensitive living with access to Jacksonville job centers, according to WDSuite’s CRE market data. Expect stable renter demand supported by regional employment while underwriting conservatively for a lower-amenity submarket.
This rural submarket of the Jacksonville metro skews car-dependent with limited nearby retail and services, but it benefits from quiet residential character and connectivity to the broader regional job base. Neighborhood occupancy is high at 97.0%, ranking 69 out of 368 metro neighborhoods — top quartile nationally — which supports income stability for well-managed assets (based on CRE market data from WDSuite).
Renter concentration within the neighborhood is relatively low compared with the metro (ranked 253 of 368; below the metro median), indicating a higher share of owner-occupied housing nearby. For multifamily investors, that typically translates to a thinner but stickier tenant base, where renewal strategy and resident experience can support retention over time.
Within a 3-mile radius, recent trends show modest contraction in population and households, but WDSuite’s forecasts point to growth in both by 2028 and an expanding renter pool. That projected demand expansion may bolster occupancy and leasing velocity for properties positioned with functional finishes and competitive pricing. Median rent-to-income in the neighborhood is measured at 0.19, suggesting manageable affordability that can aid lease retention.
Home values in the area are comparatively moderate for the region, which can create some competition from ownership options; however, for professionally managed communities offering maintenance convenience and flexible terms, this can still support consistent renter interest. Investors evaluating this location should factor in the rural amenity profile and rely on operational execution rather than walkable retail to drive performance, aligning with multifamily property research best practices.
Neighborhood-level safety metrics are not available for this location in WDSuite’s dataset, so direct comparisons to other Jacksonville neighborhoods or national percentiles are not shown here. For underwriting, investors commonly review county reporting trends, property-level incident logs, and insurer loss runs to contextualize risk and inform security measures.
The employment base is anchored by major corporate offices in the Jacksonville area, supporting commuter demand and lease stability for workforce-oriented properties. The list below highlights nearby employers relevant to tenant commute patterns.
- CSX — transportation & logistics HQ (28.4 miles) — HQ
- Fidelity National Financial — title & financial services (28.4 miles) — HQ
- Fidelity National Information Services — fintech & payments (28.4 miles) — HQ
- Anixter — electrical & data distribution (43.9 miles)
The property’s 1974 vintage is older than the neighborhood’s average stock, pointing to potential value-add through targeted renovations and system upgrades. Strong neighborhood occupancy — top quartile across the metro — indicates resilient demand that can support stabilized cash flow when paired with disciplined operations, according to CRE market data from WDSuite.
A rural setting with limited immediate amenities requires a management strategy centered on resident retention, competitive pricing, and convenience. Forecasts within a 3-mile radius indicate population and household growth by 2028 and a rising renter share, which can expand the tenant base over the medium term. Balancing these tailwinds against possible competition from homeownership and longer commutes will be key to underwriting.
- High neighborhood occupancy (top quartile) supports income stability
- 1974 vintage creates clear value-add and modernization opportunities
- 3-mile forecasts point to a larger renter pool by 2028
- Operational focus on renewals and convenience fits rural amenity profile
- Risks: car-dependent location and competition from ownership options