| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 28th | Fair |
| Amenities | 31st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 338 Stenstrom Rd, Wauchula, FL, 33873, US |
| Region / Metro | Wauchula |
| Year of Construction | 2011 |
| Units | 67 |
| Transaction Date | 2010-06-03 |
| Transaction Price | $400,300 |
| Buyer | STENSTROM ROAD SENIOR VILLAGE ASSOCIATES |
| Seller | LONG SAMMIE W |
338 Stenstrom Rd Wauchula Multifamily Opportunity
Built in 2011, this 67-unit asset is newer than most local stock, supporting competitive positioning and steady renter appeal according to WDSuite’s CRE market data. Neighborhood-level occupancy trends are above the metro median, signaling stable demand dynamics rather than volatility for investors.
The property sits in a rural Wauchula neighborhood rated A- and ranked 3 of 12 in the metro, placing it in the top tier locally. The area’s housing inventory skews older (average vintage 1968), so a 2011-built asset can compete effectively against legacy stock while planning for routine system updates over the hold.
Daily-needs access is a relative strength for a rural location: grocery and restaurant density both rank 1 of 12 metro neighborhoods, while parks, pharmacies, and cafes are limited. Average school ratings trail national norms, which may temper family-oriented renter demand versus larger Florida metros, but does not preclude workforce housing performance.
Neighborhood occupancy is above the metro median (rank 4 of 12), and the share of renter-occupied housing units is 32.1%, indicating a defined—though not dominant—renter base for multifamily. Median rents and home values are moderate for Florida, and a rent-to-income ratio near 0.17 points to manageable affordability pressure and supports lease retention and pricing discipline.
Within a 3-mile radius, WDSuite shows households increased even as population edged lower in recent years, implying smaller household sizes and sustained housing demand. Looking ahead, the same 3-mile view shows projected population and household growth, which would expand the tenant base and support occupancy stability. These trends provide context for multifamily property research without overreliance on a single cycle.
Comparable crime data at the neighborhood level is not available in this release. Investors typically benchmark city or county trends alongside property operations to gauge risk and retention. In the absence of a metro rank, it’s prudent to pair on-the-ground diligence with regional trendlines when underwriting.
The area draws from a regional workforce anchored by industrial, retail, and healthcare supply-chain employers, supporting commute-friendly housing demand for renters. Nearby organizations include Mosaic, Publix Super Markets, Cardinal Health, and Airgas.
- Mosaic — industrial (23.7 miles)
- Publix Super Markets — retail headquarters and distribution (34.5 miles) — HQ
- Cardinal Health — healthcare distribution (41.3 miles)
- Airgas Store — industrial gases and supplies (44.1 miles)
This 2011-vintage, 67-unit property offers competitive positioning in a rural submarket where the average building stock is older, limiting direct peers and providing relative appeal to renters seeking more modern construction. Neighborhood occupancy trends sit above the metro median, and moderate rent-to-income levels indicate room for disciplined pricing while maintaining retention, according to commercial real estate analysis from WDSuite.
Investor considerations include a defined but smaller renter-occupied share in the immediate neighborhood, limited amenity depth beyond groceries and restaurants, and school quality that tracks below national averages. Even so, projected gains in population and households within 3 miles point to a larger tenant base over the medium term, supporting cash flow stability with prudent capital planning for a maturing asset.
- 2011 construction competes well against older local stock with manageable near-term CapEx planning
- Neighborhood occupancy trends above metro median support leasing stability
- Moderate rent-to-income supports retention and disciplined pricing
- 3-mile outlook shows expanding tenant base, reinforcing long-term demand
- Risks: limited amenities and below-average schools; smaller rural renter pool requires conservative underwriting