| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 57th | Good |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 850774 US Highway 17, Yulee, FL, 32097, US |
| Region / Metro | Yulee |
| Year of Construction | 1986 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
850774 US Highway 17 Yulee Multifamily Opportunity
Owner-leaning housing nearby and a low neighborhood rent-to-income ratio point to stable leasing with measured pricing power, according to CRE market data from WDSuite. Household growth in the surrounding area supports a larger tenant base even as occupancy trends sit near the metro median.
This location sits within a rural pocket of the Jacksonville metro where neighborhood occupancy trends are near the metro median (rank 204 of 368), indicating generally steady leasing conditions without outsized volatility. The renter-occupied share of housing units is lower (rank 231 of 368), which signals an owner-leaning area; for multifamily, that typically means a smaller but more stable tenant pool that can support retention-focused strategies.
Demographic statistics aggregated within a 3-mile radius show recent population growth alongside an 18% increase in households, and forecasts point to continued expansion in both households and incomes over the next five years. A growing household base typically supports occupancy stability and broadens the renter pool, particularly for practical unit sizes like the property’s average.
Schools rate strongly for the metro and nationally (rank 18 of 368; top quartile nationally), which can bolster demand from households prioritizing education and support lease retention. Amenity access is thinner locally (amenities around the 26th national percentile), though grocery availability is closer to metro norms; investors should expect residents to rely on regional retail nodes for dining and services.
Home values in the neighborhood are moderate by national context, and value-to-income metrics sit below the national median. That can introduce some competition from ownership, yet the neighborhood’s rent-to-income ratio trends favorably (around the 71st national percentile), suggesting manageable affordability pressure that can support renewal rates while guiding disciplined rent setting.
Comparable neighborhood-level crime metrics are not available in WDSuite for this area. Investors typically benchmark property performance against county and metro safety trends and incorporate on-the-ground diligence (local reporting and management feedback) to contextualize resident experience over time.
- CSX — corporate offices (21.1 miles) — HQ
- Fidelity National Financial — corporate offices (21.6 miles) — HQ
- Fidelity National Information Services — corporate offices (21.6 miles) — HQ
- Anixter — corporate offices (34.0 miles)
Built in 1986, the asset is slightly older than nearby averages, creating potential value-add through targeted renovations and system updates while competing on practical unit sizes. Neighborhood occupancy trends are near the metro median and the renter-occupied share is lower, but a 3-mile radius shows meaningful household growth historically with strong growth projected, which supports a larger tenant base and occupancy stability.
Affordability indicators are constructive: the neighborhood’s rent-to-income ratio trends favorable nationally, reinforcing retention and measured rent growth potential, while strong school ratings can help sustain family-oriented demand. Proximity to Jacksonville’s corporate employment hubs offers commuter access that can underpin leasing, based on CRE market data from WDSuite.
- Value-add potential from 1986 vintage via targeted interior and systems upgrades
- Household and income growth within 3 miles supports a larger renter pool and occupancy durability
- Favorable rent-to-income dynamics support retention with disciplined pricing
- Access to major Jacksonville corporate employers supports commuter-driven demand
- Risks: owner-leaning neighborhood and thinner nearby amenities may moderate depth of demand and pricing power