| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 54th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4000 SW 37th Blvd, Gainesville, FL, 32608, US |
| Region / Metro | Gainesville |
| Year of Construction | 1997 |
| Units | 100 |
| Transaction Date | 2014-09-10 |
| Transaction Price | $24,000,000 |
| Buyer | TAILWIND GAINESVILLE LLC |
| Seller | NICHE STUDENT HOUSING LLC |
4000 SW 37th Blvd Gainesville Multifamily Investment
Positioned in an inner-suburban Gainesville location with strong renter concentration, the asset benefits from steady tenant demand and everyday amenity access, according to WDSuite’s CRE market data. Neighborhood occupancy has trended upward in recent years, supporting stable operations with prudent lease management.
The property sits in an Inner Suburb of Gainesville rated A and competitive among metro neighborhoods, placing in the top quartile among 114 Gainesville neighborhoods. Daily convenience is a clear strength: the area is competitive among Gainesville neighborhoods for groceries and cafes and ranks in the top quartile nationally for amenity access, reinforcing resident retention and leasing velocity.
Within a 3-mile radius, renter-occupied housing is the dominant tenure, indicating a deep tenant base and consistent demand for multifamily units. Population has been stable with a modest increase and households have expanded, which points to a larger tenant base and supports occupancy stability. Forward-looking projections from WDSuite indicate further renter pool expansion as household counts increase, which can underpin leasing and renewal performance.
Neighborhood occupancy levels are below metro averages but have improved over the last five years, suggesting momentum even as management discipline remains important. Median contract rents track mid-market for the metro, and the local rent-to-income profile indicates some affordability pressure; thoughtful renewal strategies and unit mix optimization can help sustain pricing power without elevating turnover risk.
The average construction vintage in the neighborhood skews to the mid-1990s. With a 1997 build, the asset is slightly newer than the local average, which can be a competitive edge versus older stock; however, selective modernization and systems updates may still be warranted to meet renter expectations and support long-term performance.
Safety trends are mixed at the neighborhood level. Compared with other areas in the Gainesville metro (114 neighborhoods total), this neighborhood sits below the metro average for safety and is below the national median based on WDSuite’s comparative crime indices. That places it outside the top quartile nationally for safety, so underwriting should assume ongoing security considerations and proactive property management.
Recent trends show a slight year-over-year improvement in property-related incidents, while violent crime measures have been less favorable. For investors, this argues for standard risk mitigations—lighting, access controls, and community engagement—rather than assuming rapid structural change. Always benchmark against submarket comparables to calibrate operating assumptions.
Built in 1997, the property is marginally newer than the neighborhood’s mid-1990s average, providing a relative competitive position versus older assets while leaving room for targeted upgrades. The immediate area shows a high share of renter-occupied units within a 3-mile radius and stable population with growing household counts, which supports occupancy durability and leasing consistency. Neighborhood occupancy has improved over five years but remains below metro averages, suggesting operational upside with careful lease and expense management, based on commercial real estate analysis from WDSuite.
Amenity access is a clear differentiator, with strong proximity to groceries, cafes, restaurants, and pharmacies that ranks well both locally and nationally—factors that can aid retention. Affordability signals point to some rent-to-income pressure, so operators should emphasize renewal strategies, value-focused upgrades, and service consistency to sustain pricing power without elevating turnover.
- Slightly newer 1997 vintage offers competitive positioning versus older neighborhood stock with targeted modernization potential.
- High renter concentration within 3 miles supports a deep tenant base and steady multifamily demand.
- Strong everyday amenity access (groceries, cafes, restaurants, pharmacies) reinforces leasing and retention.
- Operational upside: neighborhood occupancy has improved but trails metro levels, favoring disciplined lease and expense management.
- Risk to monitor: rent-to-income pressure argues for thoughtful renewal strategy to sustain pricing without increasing turnover.