| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Poor |
| Demographics | 32nd | Poor |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1503 Greenbriar Villa Cir, Brooksville, FL, 34601, US |
| Region / Metro | Brooksville |
| Year of Construction | 1987 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1503 Greenbriar Villa Cir Brooksville Multifamily Investment
Positioned in Brooksville with a sizable renter base, the asset benefits from neighborhood-level demand and relatively accessible rents, according to WDSuite’s CRE market data. Investors should view this as a value-forward, operations-focused play with room to outperform through management and selective upgrades.
The property sits in an Inner Suburb setting within the Tampa–St. Petersburg–Clearwater metro, where neighborhood livability is bolstered by everyday conveniences. Grocery access and dining options rank competitively among metro neighborhoods (with grocery and restaurant density in the upper national percentiles), supporting day-to-day resident needs and leasing appeal. Cafe and pharmacy availability also track above national medians, adding to convenience-oriented retention drivers.
The neighborhood’s renter-occupied share is elevated relative to national norms (upper-quartile nationally), indicating a deeper tenant pool and generally steadier multifamily demand. At the same time, the reported neighborhood occupancy level is below many Tampa metro peers, implying investors should prioritize leasing execution and resident services to stabilize performance through cycles.
Construction patterns skew older across the neighborhood (average vintage around 1970), while the subject’s 1987 vintage positions it newer than much of the local stock. That relative vintage advantage can support competitiveness versus older properties, though investors should still plan for modernization of common areas, interiors, and aging systems as part of a targeted value-add program.
Within a 3-mile radius, demographic trends show population and households expanding over the last five years, with households up roughly one-fifth and average household size trending smaller. This combination typically supports a larger tenant base and demand for rental units. Home values are comparatively lower versus national benchmarks, and rent-to-income metrics suggest manageable affordability pressures—factors that can aid lease retention and limit turnover risk when managed carefully.
School ratings in the surrounding area trend below national averages, which can influence family renter preferences. For most workforce-oriented assets, that dynamic is often offset by proximity to daily amenities and employment corridors, but it remains a consideration for unit mix and marketing strategy.
Neighborhood safety indicators present a mixed picture. Compared with other Tampa–St. Petersburg–Clearwater neighborhoods (710 total), the area’s crime rank places it below many metro peers, signaling room for improvement. However, on a national basis, several measures sit above the median, indicating comparatively better standing versus many U.S. neighborhoods.
Recent trends are noteworthy: property offense levels show a strong year-over-year decline (a favorable shift that tracks in a high national percentile), while violent-offense trends moved the other way over the same period. For investors, the takeaway is to underwrite with current, localized assumptions, engage professional security practices appropriate for workforce housing, and monitor trajectory over subsequent reporting periods.
Regional employers within commuting range support a broad workforce tenant base, with roles concentrated in insurance, financial services, managed care, and environmental services—drivers that can aid leasing stability for workforce-oriented units.
- MetLife Insurance Company — insurance (28.4 miles)
- Raymond James — financial services (31.5 miles)
- Wellcare — managed care (36.1 miles)
- Wellcare Health Plans — managed care (36.1 miles) — HQ
- Waste Management — waste & environmental services (36.7 miles)
This 40-unit, 1987-vintage asset offers relative competitiveness versus older neighborhood stock and access to everyday amenities that support resident retention. Based on commercial real estate analysis from WDSuite, the surrounding neighborhood shows an elevated renter concentration and expanding 3-mile household counts—both constructive for tenant demand—while reported neighborhood occupancy trends sit below many metro peers, underscoring the need for hands-on leasing and asset management.
Affordability signals are supportive: local home values track below national norms and rent-to-income readings suggest manageable pressure, aiding renewal potential when paired with disciplined rent setting. A focused value-add plan—targeting interior refreshes and systems modernization—can enhance positioning against older comparables, while prudent underwriting should account for school quality perceptions and mixed safety signals at the metro-comparative level.
- 1987 vintage provides value-add upside versus older neighborhood stock
- Elevated renter-occupied share supports a deeper tenant base and demand
- Amenity access (groceries, dining, services) aids leasing and retention
- Affordability context and measured rent-to-income support renewal potential
- Risks: below-metro neighborhood occupancy and school ratings require proactive management