| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 48th | Good |
| Amenities | 14th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19810 NW 231st Dr, High Springs, FL, 32643, US |
| Region / Metro | High Springs |
| Year of Construction | 1999 |
| Units | 100 |
| Transaction Date | 2022-03-01 |
| Transaction Price | $3,043,900 |
| Buyer | SCRAPING BY LLC |
| Seller | SPRING HILL VILLAGE INC |
19810 NW 231st Dr, High Springs FL Multifamily Investment
Neighborhood occupancy trends are steady and renter demand is present but limited by a lower renter-occupied share, according to WDSuite’s CRE market data. This location suits a durable, operations-focused strategy with selective value-add to support retention.
Situated in the Gainesville, FL metro, this suburban neighborhood is competitive among 114 metro neighborhoods and shows stable fundamentals for workforce-oriented rentals. Neighborhood occupancy is in the low-90s, indicating generally consistent leasing conditions versus broader metro benchmarks, based on CRE market data from WDSuite.
Livability drivers are modest: grocery access is present but cafes, parks, and pharmacies are sparse, which can influence convenience and leasing appeal. For investors, this suggests positioning around value, larger unit utility, or family-friendly features rather than lifestyle amenities.
Construction year averages in the neighborhood skew newer (mid-2000s). With a 1999 vintage, this asset may trail newer stock on finishes and systems, creating a straightforward value-add path through modernization while planning for near- to medium-term capital expenditures.
Tenure data indicates a lower renter concentration (renter-occupied share under one-fifth at the neighborhood level), which points to a thinner but stable tenant base. Ownership costs are moderate for the region, which can temper pricing power; lease management and renewals should emphasize service quality and modest upgrades to sustain occupancy.
Demographics aggregated within a 3-mile radius show recent population and household softness but a forward outlook that points to population growth and an increase in households by 2028. This trajectory supports a gradual renter pool expansion and helps underpin occupancy stability if product is priced and maintained competitively.
Safety indicators are mixed. Overall conditions track close to the national middle, with property offenses trending lower year over year while violent incidents have risen recently, per WDSuite’s CRE market data. In comparative terms, property crime performance is better than many neighborhoods nationwide, while violent crime sits below national percentiles.
Within the Gainesville metro, the neighborhood is neither among the safest nor the highest-risk areas, and recent trends underscore the importance of standard security measures, lighting, and resident engagement to support retention and leasing. Use property-based improvements and visibility strategies rather than block-level assumptions.
The submarket draws from broader Gainesville employment centers, supporting commute-based renter demand across healthcare, education, and services.
This 1999, 100-unit asset sits in a suburban Gainesville-area neighborhood with steady occupancy and modest amenity depth—conditions that reward operational discipline and targeted renovations. The vintage trails the neighborhood’s newer average stock, presenting a clear value-add thesis through interior updates and selective systems modernization to compete for renewals and steady absorption.
Demographics within a 3-mile radius indicate recent softness but a forward outlook of population growth and more households by 2028, supporting a gradual renter pool expansion. According to CRE market data from WDSuite, neighborhood occupancy is solid while renter-occupied share is lower, implying a smaller but durable tenant base; pricing and retention strategies should be calibrated to moderate ownership costs and rent-to-income pressures.
- Stable neighborhood occupancy supports consistent cash flow relative to metro trends.
- 1999 vintage versus newer local stock creates value-add potential via renovations and system upgrades.
- 3-mile demographics point to population growth and more households by 2028, aiding renter pool expansion and leasing.
- Moderate amenity environment favors operational execution and resident service to drive renewals.
- Risk: lower renter concentration and affordability pressure may limit pricing power; focus on retention and targeted upgrades.