| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 48th | Good |
| Amenities | 14th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 23256 NW 199th Pl, High Springs, FL, 32643, US |
| Region / Metro | High Springs |
| Year of Construction | 2007 |
| Units | 100 |
| Transaction Date | 2022-03-01 |
| Transaction Price | $3,043,900 |
| Buyer | SCRAPING BY LLC |
| Seller | SPRING HILL VILLAGE INC |
23256 NW 199th Pl High Springs Multifamily Investment
Neighborhood occupancy is competitive within the Gainesville metro, while an owner-leaning housing mix suggests a shallower—but stable—renter base, according to WDSuite’s CRE market data.
High Springs is a suburban location within the Gainesville, FL metro with a B+ neighborhood rating and occupancy that is above the metro median (ranked 37 among 114 metro neighborhoods). For investors, that indicates steady renter demand at the neighborhood level, even as the immediate area skews more owner-occupied.
Renter-occupied housing accounts for a relatively small share of units in this neighborhood, which points to a thinner renter pool locally but can also support retention where product fits workforce needs. Within a 3-mile radius, recent household counts contracted, yet projections indicate an increase in households by 2028, which would expand the local tenant base and support occupancy stability as new renters enter the market.
Rent levels in the neighborhood track in the top quartile nationally and are competitive among Gainesville neighborhoods. That backdrop can support pricing power for quality units, but investors should also plan for affordability management, as the neighborhood s rent-to-income dynamics suggest elevated pressure relative to national norms.
Amenities are limited within the immediate neighborhood—few cafes, parks, pharmacies, and childcare options are recorded—so residents typically rely on broader metro access for services. Even so, home values sit above the national median, which often sustains reliance on rental housing and can aid lease retention when combined with appropriate unit positioning and finishes based on multifamily property research.
Neighborhood safety indicators are generally around metro averages (crime rank 24 out of 114 Gainesville neighborhoods). Nationally, the area tracks near the midpoint for overall safety. Recent trends show property offenses improving, with a year-over-year decline, while violent offense estimates have risen. For investors, this mixed trend argues for standard security measures and monitoring of local reporting over the hold period.
On a comparative basis, the neighborhood s property offense level aligns with stronger national percentiles than its violent offense metrics. The combination suggests routine risk management rather than outsized exposure, with attention to lighting, access control, and resident communication to support leasing stability.
The Gainesville regional employment base provides commuting options that can support renter demand for workforce-oriented housing; specific nearby anchor employers with verified distances were not available in this dataset.
The asset located in a suburban pocket of the Gainesville metro benefits from neighborhood occupancy that is competitive among Gainesville neighborhoods and rent positioning that sits in the top quartile nationally. Based on CRE market data from WDSuite, the area s owner-leaning tenure implies a narrower renter base, but forward-looking household gains within a 3-mile radius point to renter pool expansion that can support lease-up and retention for well-matched product.
Elevated rent positioning and above-median home values suggest pricing power for quality units, while also requiring thoughtful affordability and lease management. Amenities are thinner in the immediate neighborhood, so demand will skew to residents prioritizing suburban living, access to Gainesville, and stable operations over proximity to dense retail.
- Competitive neighborhood occupancy supports steady leasing versus metro peers
- Top-quartile rent positioning can sustain pricing for well-finished units
- Forecast household growth within 3 miles expands the local renter base
- Owner-leaning tenure and limited nearby amenities may moderate near-term demand depth
- Affordability pressure warrants proactive lease management and renewals strategy