| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 40th | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1200 W Jefferson St, Brooksville, FL, 34601, US |
| Region / Metro | Brooksville |
| Year of Construction | 1984 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1200 W Jefferson St Brooksville Multifamily Investment
Steady neighborhood occupancy and a renter base competitive within the Tampa–St. Petersburg metro support durable cash flow potential, according to WDSuite s CRE market data. Positioned for light value-add, the asset benefits from improving local fundamentals and access to regional employment nodes.
The property sits in a Rural neighborhood of the Tampa St. Petersburg Clearwater metro with a C rating and above-median amenity positioning versus 710 metro neighborhoods. Grocery and park access trend better than many peer areas, though cafes and pharmacies are limited, suggesting residents rely on a practical set of daily conveniences rather than destination retail.
Neighborhood occupancy is 86.6% with positive five-year momentum, indicating improving stability at the sub-neighborhood scale rather than at the property level. Renter-occupied housing accounts for 34.8% of units locally, which is competitive among Tampa St. Petersburg Clearwater neighborhoods (197 of 710), pointing to a meaningful tenant base for smaller multifamily assets. Median rent-to-income runs near 0.20, a level that can support retention and disciplined lease management.
Within a 3-mile radius, population has grown in recent years and households increased at a faster clip, expanding the effective renter pool. Projections to 2028 indicate further household growth and rising incomes, which typically support occupancy stability and absorption; however, a gradually higher owner share in forecasts suggests monitoring potential competition from attainable ownership options.
Construction in 1984 positions this asset newer than the neighborhood s average vintage (1955). That relative youth can be a competitive edge versus older stock, while still leaving room for targeted modernization of systems and finishes to capture value-add upside. School ratings in the immediate neighborhood trail national norms, which may temper appeal for some family renters and warrants attention to resident mix and marketing strategy.
Safety indicators for the neighborhood compare favorably. Based on metro rankings, the area places near the top among 710 neighborhoods, and national percentiles land in the stronger range (top quartile nationally), indicating comparatively lower reported crime relative to many neighborhoods across the country.
Property-related offenses trend notably better than national norms and improved year over year, while violent-offense measures also sit in stronger national percentiles with a modest recent uptick to watch. Framing these as neighborhood-level averages avoids assumptions about any single block and supports prudent underwriting of security and insurance assumptions.
Regional employment access includes insurance, financial services, healthcare plans, and environmental services offices that help underpin renter demand and commute convenience for workforce tenants. The list below reflects nearby employers by distance.
- MetLife Insurance Company insurance (29.3 miles)
- Raymond James financial services (32.3 miles)
- Waste Management environmental services (36.7 miles)
- Wellcare healthcare plans (36.8 miles)
- Wellcare Health Plans healthcare plans (36.8 miles) HQ
1200 W Jefferson St offers a 34-unit, 1984-vintage basis in a neighborhood where occupancy has improved and renter concentration is competitive for the metro. According to CRE market data from WDSuite, neighborhood rent-to-income levels suggest manageable affordability pressure, supporting retention while leaving room for targeted value-add to enhance yield relative to older local stock.
Demand fundamentals are reinforced by 3-mile household growth and rising income projections that expand the tenant base, alongside access to regional employers within roughly 30 37 miles. Counterbalancing factors include modest amenity depth and below-average school ratings, plus potential longer-term competition from attainable ownership; these are manageable with asset-specific upgrades and leasing strategy.
- 1984 vintage is newer than neighborhood average, enabling targeted renovations for value-add positioning.
- Competitive neighborhood renter concentration and improving occupancy support leasing stability.
- 3-mile household growth and income gains expand the tenant base and backfill risk.
- Access to regional employers across insurance, finance, and healthcare supports workforce demand.
- Risks: limited local amenities and lower school ratings; monitor ownership competition and manage rent growth expectations.