| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 41st | Fair |
| Amenities | 20th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 700 Medical Ct E, Inverness, FL, 34452, US |
| Region / Metro | Inverness |
| Year of Construction | 1997 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
700 Medical Ct E, Inverness FL Multifamily Opportunity
Neighborhood occupancy has trended stable and renter demand is supported by household growth, according to WDSuite’s CRE market data. A 1997 vintage offers competitive positioning versus older nearby stock while leaving room for targeted updates over time.
Located in a rural pocket of Inverness within the Homosassa Springs metro, the neighborhood carries a B rating and sits above the metro median (rank 21 of 50). Relative to the metro, this area is competitive for everyday livability but remains lightly amenitized, which is typical for rural settings.
Neighborhood occupancy is measured at the neighborhood level and has held near the metro middle with a positive multi‑year trajectory, supporting lease stability for multifamily assets. Renter-occupied housing is a minority share in this neighborhood, signaling an owner‑heavy base; for investors, that typically means a more selective but steady renter pool rather than transient demand.
The property’s 1997 construction is newer than the area’s average vintage from the late 1980s. That positioning can help leasing versus older inventory, while investors should still plan for system modernization and common‑area refreshes as part of a prudent capital program.
Within a 3‑mile radius, demographics point to a larger tenant base over time: recent population and household growth are positive, and forecasts indicate additional increases alongside slightly smaller average household sizes. This expansion supports demand for rental units and helps underpin occupancy, based on commercial real estate analysis from WDSuite.
Home values track around the national middle for similar neighborhoods, and the value‑to‑income profile suggests a high‑cost ownership market relative to local incomes. That dynamic can sustain renter reliance on multifamily housing and aid retention, while rent‑to‑income levels indicate manageable affordability pressure—useful for pricing discipline rather than aggressive hikes.
Amenities such as cafes, groceries, and parks are sparse in the immediate neighborhood, though restaurant density trends closer to metro norms. School ratings underperform metro leaders, which investors should account for in positioning and marketing to tenant segments less sensitive to school quality.
Safety indicators sit below the metro average (crime rank 32 out of 50), and the neighborhood is roughly in the middle of the pack nationally (around the 46th percentile). For investors, this points to risk that is manageable but worth underwriting through tenant screening, lighting, and property management focus.
Recent trends are mixed: estimated property crime has been declining year over year, while violent‑crime indicators show recent increases. Monitoring trend direction and coordinating with local management can help sustain leasing and resident retention without overcommitting operating expenses.
Regional employment is anchored by services and corporate operations reachable by car; nearby employers help support workforce housing demand and day‑to‑day leasing stability, including Waste Management.
- Waste Management — environmental services (26.7 miles)
This 44‑unit, 1997‑vintage asset is positioned ahead of the neighborhood’s older stock, offering competitive curb appeal with potential for targeted value‑add. Neighborhood occupancy is measured for the area—not the property—and has shown steady improvement, supporting stable cash flow prospects. A predominantly owner‑occupied housing mix nearby implies a moderate but durable renter base, while within 3 miles the population and household counts are expanding, supporting a larger tenant pool and occupancy stability over time.
Ownership costs sit relatively high versus local incomes, reinforcing reliance on rentals and aiding retention, while rent levels relative to income point to manageable affordability pressure. According to CRE market data from WDSuite, amenity density is limited and school ratings trail metro leaders—both are manageable risks best addressed through operations, resident services, and practical unit upgrades rather than amenity overbuild.
- 1997 construction offers competitive positioning versus older neighborhood stock with selective upgrade upside
- Neighborhood occupancy trends support leasing stability and predictable operations
- Expanding 3‑mile population and households signal a growing renter pool and demand support
- Ownership costs relative to income sustain renter reliance, aiding retention and pricing discipline
- Risks: limited amenity base and below‑average school ratings; underwrite to operational focus and right‑sized capex