| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 44th | Fair |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 211 Coral Ridge Ct, Saint Augustine, FL, 32084, US |
| Region / Metro | Saint Augustine |
| Year of Construction | 1994 |
| Units | 23 |
| Transaction Date | 2003-09-30 |
| Transaction Price | $132,000 |
| Buyer | NGUYEN CAROLYN Q |
| Seller | SHELDON RICHARD A |
211 Coral Ridge Ct Saint Augustine Multifamily Investment
Positioned in a rent-ready corner of Saint Augustine with a solid renter base, the area shows steady tenant demand and improving fundamentals, according to WDSuite s CRE market data. Investors should view this as a stable, small-scale asset with room for operational optimization.
The immediate neighborhood carries a B rating and ranks 155 out of 368 across the Jacksonville metro above the metro median indicating balanced livability with investor-relevant fundamentals. Amenities test above average versus national peers (amenities, grocery, and parks all land in the 60th-plus percentiles), while average school ratings sit around the 70th percentile nationally a supportive backdrop for leasing stability, based on CRE market data from WDSuite.
Multifamily demand is underpinned by a renter-occupied share near the top quartile nationally; at the neighborhood level this signals a deeper tenant pool relative to many U.S. areas and supports day-to-day leasing continuity. Neighborhood occupancy is measured at the neighborhood level (not the property) and trends below national benchmarks, suggesting that disciplined leasing and competitive finishes will matter for maintaining occupancy.
The property s 1994 vintage is slightly older than the neighborhood s average construction year (1998). That gap points to typical mid-90s building systems and a potential value-add path via targeted interior updates and common-area refreshes to enhance rentability versus newer local stock.
Demographic statistics within a 3-mile radius show recent population softness but forecasts point to substantial population and household growth alongside smaller household sizes over the next five years. For investors, that combination suggests a larger tenant base with more renters entering the market and support for occupancy stability if units are positioned to capture demand.
Ownership costs in the neighborhood remain comparatively accessible by national standards. While this can create some competition with entry-level ownership options, it also reinforces the case for well-priced rentals and thoughtful renewal strategies to preserve retention and pricing power.
Safety indicators are mixed. Within the Jacksonville metro, the neighborhood s crime rank (43 out of 368, where lower ranks indicate more crime) suggests safety is below the metro average. Nationally, broad safety percentiles trend closer to mid-to-upper ranges, and both violent and property incidents show notable year-over-year declines, according to WDSuite s CRE market data. For underwriting, this points to improving trends but a need for standard property-level measures (lighting, access controls) and attentive management.
Regional employment anchors within commuting range support renter demand, with a mix of distribution, financial services, fintech, and rail operations that can aid tenant retention through diverse job bases.
- Anixter distribution & electrical supply (19.9 miles)
- Fidelity National Financial title insurance & financial services (35.2 miles) HQ
- Fidelity National Information Services fintech (35.2 miles) HQ
- CSX railroad & transportation (35.3 miles) HQ
This 23-unit, 1994-vintage asset offers a pragmatic value-add story in a neighborhood that ranks above the metro median among 368 Jacksonville neighborhoods. Amenity access, grocery, parks, and school ratings register in the upper national percentiles, while a high renter concentration indicates a reliable tenant base. According to CRE market data from WDSuite, neighborhood occupancy (measured for the neighborhood, not the property) trails national norms, which favors hands-on leasing and upgraded interiors to defend occupancy and rents.
Demographics aggregated within a 3-mile radius suggest near-term softness but a strong forward outlook for population and households, with smaller household sizes creating incremental demand for rental housing. Home values are comparatively accessible versus national markets, so pricing and finish differentiation will be important to compete with ownership alternatives and sustain lease retention.
- Above-median neighborhood position in Jacksonville with solid amenity and school fundamentals
- 1994 vintage supports a clear value-add plan via targeted renovations and systems upgrades
- High renter concentration and diversified regional employers bolster leasing durability
- Forward demographic outlook indicates a larger tenant base and supports occupancy stability
- Risks: below-national neighborhood occupancy and mixed safety metrics require proactive management and competitive pricing