| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 60th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8991 University Pkwy, Pensacola, FL, 32514, US |
| Region / Metro | Pensacola |
| Year of Construction | 1996 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8991 University Pkwy Pensacola Multifamily Investment
Neighborhood-level occupancy is high and renter demand is deep in this Inner Suburb pocket, according to WDSuite’s CRE market data. These factors point to steady lease-up and retention potential for a well-managed 112-unit asset; metrics cited reflect the neighborhood, not the property.
The property is situated in an Inner Suburb location that ranks 3 out of 134 neighborhoods in the Pensacola-Ferry Pass-Brent metro, supported by strong amenity access and resilient renter demand. Amenity density scores in the top quartile nationally for groceries, pharmacies, parks, and everyday services, which helps sustain daily convenience and supports resident retention. Neighborhood occupancy trends sit in the upper national quartile, signaling stable leasing conditions at the sub-neighborhood scale.
With a 1996 construction year, the asset is newer than the neighborhood’s average vintage (1986). That positioning typically offers competitive appeal versus older stock, while still allowing for targeted modernization or system updates as part of a value-add plan.
Tenure patterns show a high share of renter-occupied housing units—roughly two-thirds—indicating a deep local tenant base and demand support for multifamily. Median contract rents and income levels place the neighborhood above metro median in several housing indicators, while the rent-to-income profile suggests manageable affordability pressure that can aid lease stability.
Within a 3-mile radius, demographics show a sizable working-age cohort and forecasts point to an increase in households over the next five years, implying a larger tenant base. Rising incomes in the same radius further support the ability to absorb rent growth, while elevated home values relative to local incomes help sustain reliance on multifamily rentals without over-reliance on concessions.
Safety signals are mixed but improving when viewed in context. The neighborhood performs competitive among Pensacola-Ferry Pass-Brent neighborhoods (ranked 38 of 134), with violent offense rates positioning above national averages, while property offense levels trend closer to the national middle. Recent year-over-year declines in estimated violent offenses suggest momentum in the right direction, though investors should continue to underwrite prudent security and loss-prevention measures.
Local employment draws from healthcare, education, retail, and services that support commute convenience and workforce housing demand; specific employers with verifiable distances are not available in this dataset.
This 112-unit, 1996-vintage asset sits in a top-ranked Inner Suburb neighborhood with amenity depth and sustained renter demand. Neighborhood occupancy and NOI-per-unit benchmarks sit in the upper national quartile, supporting an expectation of steady collections and lease retention when professionally operated. According to CRE market data from WDSuite, renter concentration is high at the neighborhood level, and ownership costs are elevated enough relative to incomes to reinforce reliance on multifamily housing, while still leaving room for measured rent growth strategies.
Being newer than the local average vintage offers a competitive edge versus older stock, with selective updates providing potential value-add upside. Forward-looking 3-mile forecasts indicate growth in households and incomes, which can expand the renter pool and support pricing power; underwriting should also consider mixed safety signals and ongoing capital planning typical for late-1990s construction.
- Upper-quartile neighborhood occupancy and NOI trends support leasing stability
- 1996 vintage out-competes older local stock with targeted modernization potential
- High renter-occupied share and amenity density deepen the tenant base
- 3-mile forecasts show household and income growth, bolstering demand
- Risks: mixed safety signals and routine capital needs for late-1990s systems