| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 56th | Good |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5793 SW 75th Ct, Gainesville, FL, 32608, US |
| Region / Metro | Gainesville |
| Year of Construction | 2005 |
| Units | 100 |
| Transaction Date | 2014-12-12 |
| Transaction Price | $32,375,000 |
| Buyer | T PARKLANE APTS FL LLC |
| Seller | --- |
5793 SW 75th Ct Gainesville Multifamily Investment
Neighborhood-level renter demand and improving occupancy trends point to durable leasing potential, according to WDSuite’s CRE market data. With solid suburban fundamentals in Gainesville, the asset’s position supports steady performance across cycles.
Rated A- and ranked 18th out of 114 Gainesville metro neighborhoods, this Inner Suburb location sits in the top quartile locally, signaling balanced fundamentals for multifamily. Grocery, restaurant, park, and pharmacy density test above national norms, which supports day-to-day convenience and resident retention.
Neighborhood occupancy has risen over the past five years, and the share of renter-occupied housing units is high, indicating a deep tenant base and potential for stable lease-up. Median contract rents sit near the metro middle with a rent-to-income profile that suggests manageable affordability pressure for renters — a constructive backdrop for renewals and measured pricing strategies.
Within a 3-mile radius, population and household counts have expanded in recent years, with forecasts calling for further growth and smaller average household sizes. For investors, that points to a larger tenant base and continued demand for professionally managed rental housing.
Home values in the area are moderate relative to many coastal markets, which can introduce some competition from ownership; however, elevated convenience amenities and renter concentration help sustain multifamily demand. School ratings are around average, which typically appeals to a wide renter profile without materially narrowing the demand funnel. These dynamics align with the local leasing picture highlighted in WDSuite’s commercial real estate analysis.
Safety trends are mixed. The neighborhood sits near the metro midpoint for crime when compared with 114 Gainesville neighborhoods, while national positioning is below the median for safety. Recent year-over-year data show declines in both property and violent incident rates, which is a constructive directional signal, according to WDSuite’s CRE market data.
Investors should underwrite with standard precautions — lighting, access control, and active management — and monitor submarket trendlines rather than block-level variation. Comparative framing is most useful here: conditions are not among the metro’s lowest-risk areas, but recent improvements suggest risk management can be effective alongside professional operations.
Built in 2005, the property is newer than much of the neighborhood’s housing stock, offering competitive positioning versus older assets while still warranting routine system updates as part of capital planning. Neighborhood occupancy has strengthened and the renter-occupied share is high, supporting depth of tenant demand and potential lease stability. Within a 3-mile radius, population and households are growing, indicating a larger renter pool over time and support for steady absorption.
Rents sit near the metro middle with a rent-to-income profile that allows for careful revenue management without overextending residents. Amenity density (groceries, restaurants, parks, pharmacies) is favorable for retention, while average school ratings broaden the audience. According to CRE market data from WDSuite, these factors collectively support durable operations; key risks include safety metrics that trail national medians and the possibility of competition from ownership options.
- 2005 vintage offers relative competitiveness vs. older stock with straightforward capex planning
- Strengthening neighborhood occupancy and high renter-occupied share support stable leasing
- 3-mile population and household growth expand the tenant base and absorption potential
- Amenity density (groceries, restaurants, parks, pharmacies) underpins retention and day-to-day convenience
- Risks: below-median national safety positioning and some competition from ownership options