All Forum Posts by: Bill Dannheim

Hi Richard,

I gave a talk a week ago to an investor group that was in town on this very topic. Jacksonville is huge and has extraordinarily large and complex sub-markets. One of my slides specifically said:

Jacksonville is:

Huge! Largest city in the nation – 747 square miles!

Diverse! Large size creates extraordinary asset and sub-market diversity.

Sub-markets! You must know and understand the dynamics of the sub-markets!

I can't stress this enough. I see out-of-town investors come to the Jax market and become lured to certain areas/properties because they can buy a property with an 11% cap rate.  But what I like to point out to folks is that there is a reason for that cap rate!!   The cap rate tells a story, and in many cases that cap rate looks good on paper, but realizing the rate can be elusive!

I would be happy to talk to you about the market here in Jax if you would like.

I wish you the best of luck with your real estate investments here in Jacksonville!

All the best,

Bill