| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 51st | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 Talon Cir, Jacksonville, NC, 28546, US |
| Region / Metro | Jacksonville |
| Year of Construction | 2002 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
600 Talon Cir Jacksonville NC Multifamily Investment
Neighborhood renter concentration is high, supporting demand depth and steady leasing, according to WDSuite’s CRE market data; occupancy is measured for the neighborhood, not the property.
This Inner Suburb neighborhood earns an A+ rating and ranks 1 out of 55 Jacksonville metro neighborhoods, underscoring strong local fundamentals for a 24-unit asset at 600 Talon Cir. Amenity access is a relative strength, with restaurants, groceries, pharmacies, and cafes placing the area in the top quartile nationally, supporting daily convenience and tenant retention.
Multifamily dynamics are balanced: neighborhood occupancy is competitive among Jacksonville neighborhoods, and the share of renter-occupied housing units is high (top quartile in the metro and strong nationally), signaling a deep tenant base for leasing continuity. Median contract rents in the neighborhood sit near the national middle, which can help manage renewal pacing and pricing decisions.
Ownership costs are comparatively accessible versus many U.S. markets, which can introduce some competition from entry-level ownership; however, sustained renter reliance in the area suggests durable demand for apartments and supports occupancy stability. Average school ratings trend below national medians, which may matter for certain renter cohorts, but proximity to day-to-day amenities offsets some of that sensitivity for workforce households.
Demographics within a 3-mile radius show a modest population dip in recent years alongside growth in households and families, implying smaller household sizes and a gradual renter pool expansion that supports multifamily absorption. Looking ahead, forecasts point to additional household growth and smaller average household size, a pattern that typically benefits apartments through broader demand capture.
Safety metrics indicate the neighborhood sits below national safety percentiles, with both violent and property incidents elevated versus many U.S. neighborhoods. At the same time, year-over-year trends show improvement, with estimated violent and property offense rates declining over the last year, which is a constructive directional signal for investors monitoring risk.
Within the Jacksonville metro, the neighborhood’s crime rank places it in the less favorable half among 55 neighborhoods. For underwriting, investors commonly reflect this by conservatively planning for security measures and by emphasizing professional management practices that support tenant comfort and retention.
Employer proximity data with reliable distance measures is not currently available in WDSuite for this address; investors often consider commuting access to regional anchors when assessing leasing stability.
Constructed in 2002, the property is slightly older than the neighborhood’s average vintage, creating practical value-add and capital planning angles (exterior refresh, unit updates, and systems optimization) to strengthen competitive positioning against newer stock. Renter-occupied housing is prevalent in the neighborhood, and occupancy trends are stable relative to the metro, supporting day-one leasing durability.
Amenity access ranks well nationally, which can aid retention, while neighborhood rents track near the national middle, offering room to test renovations without overreaching on affordability pressure. Based on CRE market data from WDSuite, household growth within a 3-mile radius and smaller average household sizes point to gradual renter pool expansion, though investors should account for below-median school ratings and monitor safety improvements when calibrating renewal assumptions.
- Strong renter concentration and competitive neighborhood occupancy support demand depth
- 2002 vintage with clear renovation and operational upside versus newer stock
- Amenity-rich location aids tenant retention and leasing stability
- 3-mile household growth and smaller household sizes expand the renter base
- Risk: below-national safety percentiles and lower school ratings warrant conservative underwriting