| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 42nd | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Tampa St, Turlock, CA, 95382, US |
| Region / Metro | Turlock |
| Year of Construction | 1980 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 Tampa St Turlock Multifamily Investment
Neighborhood occupancy remains strong with a high renter concentration, suggesting steady tenant demand, according to WDSuite’s CRE market data. Pricing power appears supported by a high-cost ownership context while rents track near national affordability ranges.
Rated A and ranked 7 out of 130 in the Modesto metro, this Inner Suburb location is top quartile among metro neighborhoods and positioned for durable renter demand. Neighborhood occupancy trends are high by national comparison, and the local share of renter-occupied units is elevated versus U.S. norms—both supportive of depth in the tenant base and lease stability.
Daily-needs access is a strength: dining and pharmacy density score in the upper percentiles nationally, while grocery availability is above average. Park acreage is limited within the neighborhood, so residents may rely on nearby areas for outdoor recreation—something to consider for marketing and amenity positioning as part of multifamily property research.
Home values in the neighborhood are elevated relative to income, indicating a high-cost ownership market that tends to sustain reliance on rentals and can bolster retention. At the same time, neighborhood rent levels sit near manageable rent-to-income ranges, which can reduce turnover risk and support collections consistency.
The property’s 1980 vintage is slightly older than the neighborhood average year of construction. Investors should plan for targeted capital improvements and modernization to stay competitive against newer stock, with potential to capture renovation-driven revenue upside as units are repositioned.
Demographic indicators aggregated within a 3-mile radius point to modest population growth and a meaningful increase in households over the next several years. A larger household count with slightly smaller average household sizes would expand the renter pool and support occupancy resilience.
Neighborhood safety readings are generally above the national midpoint, with violent and property offense rates benchmarking better than many U.S. neighborhoods. Relative to the 130 neighborhoods in the Modesto metro, the area performs competitively rather than at the bottom of the pack.
Trend signals are directionally positive: both violent and property offense rates show recent year-over-year declines, indicating gradual improvement. As always, investors should underwrite to submarket-level variability and property-specific factors rather than block-level assumptions.
Regional employment access includes established consumer goods operations within commuting range, supporting workforce renter demand and lease retention tied to drive-to-work convenience. The list below reflects nearby corporate presence relevant to the renter base.
- Clorox — consumer goods (32.5 miles)
This 24-unit asset at 300 Tampa St benefits from a high-occupancy neighborhood with an above-average renter-occupied share and strong daily-needs amenities, supporting leasing stability and collections. According to CRE market data from WDSuite, ownership costs in the area are elevated relative to incomes, which typically sustains reliance on rentals, while neighborhood rents remain within manageable rent-to-income ranges—favorable for retention.
Built in 1980, the property is slightly older than nearby stock, creating a clear value-add path through targeted renovations and systems updates to compete with newer assets. Demographics within a 3-mile radius indicate modest population growth and a meaningful increase in households ahead, implying a larger tenant base and support for occupancy and rent growth over the hold period.
- High neighborhood occupancy and elevated renter concentration support stable demand
- Daily-needs amenity density (dining, grocery, pharmacy) underpins leasing and retention
- 1980 vintage offers value-add potential through unit and building modernization
- 3-mile household growth expands the renter pool and supports occupancy resilience
- Risks: weaker local school ratings and limited nearby park space may affect family appeal