| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 40th | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 715 Oakdale Ave, Brooksville, FL, 34601, US |
| Region / Metro | Brooksville |
| Year of Construction | 1985 |
| Units | 40 |
| Transaction Date | 2013-04-15 |
| Transaction Price | $700,000 |
| Buyer | DH BROOKSVILLE LLC |
| Seller | MAINBROOK APARTMENTS OF HERNANDO LLC |
715 Oakdale Ave Brooksville Multifamily Investment
Neighborhood occupancy is steady and renter concentration is meaningful, pointing to durable tenant demand according to WDSuite’s CRE market data informed commercial real estate analysis.
Brooksville’s neighborhood around 715 Oakdale Ave skews more rural within the Tampa–St. Petersburg–Clearwater metro, with everyday needs covered by a moderate mix of groceries, parks, childcare, and restaurants. Cafes and pharmacies are limited nearby, so residents may make short drives for certain services.
The neighborhood ranks 470 out of 710 metro neighborhoods for occupancy, and the reported occupancy rate of 86.6% has trended up over the past five years. At the same time, renter-occupied housing comprises 34.8% of neighborhood units (above the national median), signaling a viable tenant base for small and mid-size multifamily. Median contract rents in the area sit near the national middle, which can support retention while allowing disciplined revenue management informed by multifamily property research from WDSuite.
For broader demand context, demographics aggregated within a 3-mile radius indicate population and household growth over the last five years, with households expanding faster than population—consistent with smaller household sizes and a larger renter pool. Forward-looking projections show additional population and household gains through 2028, which should expand the addressable tenant base and support occupancy stability.
Relative positioning is mixed: the neighborhood carries a C rating and ranks 556 out of 710 metro neighborhoods, but income performance is competitive with NOI per unit in the top quartile nationally (rank 30 of 710 metro neighborhoods; 77th percentile nationally). Amenities index above national midpoints for parks, groceries, childcare, and restaurants, while schools trend below average, which investors should factor into leasing narratives.
Safety indicators compare favorably on a relative basis. The neighborhood’s crime profile sits in high national percentiles for safety (violent and property offense measures are in the mid‑80s to upper‑90s percentiles nationwide), and it is competitive among Tampa–St. Petersburg–Clearwater neighborhoods with a crime rank of 7 out of 710. Recent data also show a notable year‑over‑year decline in estimated property offenses, reinforcing an improving trend. As always, investors should underwrite using current comparables and property-level security practices.
Regional employment centers within commuting range support renter demand, particularly for workforce and service professionals tied to insurance, financial services, environmental services, and healthcare. These anchors can aid leasing stability even as residents commute approximately 30–40 miles.
- MetLife Insurance Company — insurance (29.6 miles)
- Raymond James — financial services (32.8 miles)
- Waste Management — environmental services (35.9 miles)
- Wellcare — healthcare services (37.3 miles)
- Wellcare Health Plans — healthcare services (37.4 miles) — HQ
Built in 1985, the 40‑unit asset is newer than much of the local housing stock, which typically dates to the mid‑20th century. That relative vintage can provide a competitive edge versus older properties while still offering value‑add potential through targeted interior updates and system modernization. Neighborhood occupancy is reported at 86.6% with five‑year improvement, and renter concentration is meaningful, supporting a steady tenant base. Demographics within a 3‑mile radius show recent population and household growth and further increases projected, which should expand the renter pool and help sustain occupancy.
Ownership costs in the area are comparatively accessible, which can create some competition with entry‑level ownership; however, median rents and a rent‑to‑income profile near national midpoints support lease retention. According to CRE market data from WDSuite, the neighborhood’s NOI per unit is competitive on a national basis, suggesting disciplined operations can translate into durable cash flow, provided investors budget for ongoing capital needs typical of 1980s construction.
- Occupancy improving over five years and a meaningful renter base support demand durability.
- 1985 vintage offers relative competitiveness versus older stock with clear value‑add pathways.
- 3‑mile demographics point to population and household growth, expanding the renter pool.
- NOI per unit competitive nationally, per WDSuite, supporting an operationally focused thesis.
- Risks: below‑average school ratings, amenity gaps (cafes/pharmacies), and commute distances to anchors.