| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 24th | Poor |
| Demographics | 47th | Fair |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8192 Peace Ave, Brooksville, FL, 34601, US |
| Region / Metro | Brooksville |
| Year of Construction | 1985 |
| Units | 53 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8192 Peace Ave, Brooksville FL — 53-Unit Multifamily in a Rural Submarket
Occupancy in the surrounding neighborhood has been trending upward, supporting stable renter demand, according to WDSuite’s CRE market data. The property’s 1985 vintage offers a modest age advantage versus older local stock while leaving room for targeted modernization.
Brooksville’s rural setting delivers a quieter residential environment with limited nearby retail and daily amenities; cafes, groceries, and restaurants are sparse at the neighborhood level, while park access is comparatively better. Within the Tampa–St. Petersburg–Clearwater metro, this neighborhood ranks near the bottom overall (D rating) among 710 neighborhoods, yet recent occupancy gains indicate improving utilization of existing units.
Construction in the surrounding area skews older than this asset (average year 1976 versus the subject’s 1985), giving the property relative competitiveness against aging stock. That said, systems nearing mid-life may warrant selective capital planning to support leasing, retention, and curb appeal.
Demographic statistics are aggregated within a 3-mile radius: population and household counts have expanded in recent years and are projected to grow further, pointing to a larger tenant base over time. Renter-occupied share sits around one-third of housing units, which supports depth for workforce-oriented leasing even as many households own.
Homeownership remains relatively accessible locally, which can introduce competition with rentals and temper pricing power. Still, neighborhood rent-to-income levels appear manageable, aiding lease retention and limiting affordability pressure. Based on WDSuite’s multifamily property research, rents have moved upward over the last five years and are expected to continue rising, albeit from a lower base than the metro’s core.
Safety benchmarks compare favorably at the national level: property and violent offense measures sit in higher national percentiles, indicating relatively safer conditions compared with many U.S. neighborhoods. However, within the Tampa metro, this neighborhood ranks below the metro median among 710 neighborhoods, so investors should underwrite to submarket-level variability and monitor trends.
Recent year-over-year readings show improvement in property-related incidents but an increase in violent-offense metrics, underscoring the importance of routine security measures and resident engagement programs to support on-site stability.
Regional employers within commuting distance support workforce housing demand and leasing stability, including MetLife, Raymond James, Waste Management, and Wellcare offices, with additional scale from Wellcare Health Plans and Publix Super Markets headquarters farther out.
- MetLife Insurance Company — insurance (28.8 miles)
- Raymond James — financial services (32.5 miles)
- Waste Management — environmental services (34.7 miles)
- Wellcare — healthcare services (37.1 miles)
- Wellcare Health Plans — healthcare services (37.2 miles) — HQ
- Publix Super Markets — grocery/retail (43.3 miles) — HQ
This 53-unit, 1985-vintage asset offers a cost-conscious entry point to the Tampa–St. Petersburg–Clearwater region with a rural neighborhood profile. The property is newer than much of the surrounding stock, providing a competitive edge against older buildings while leaving room for value-add through targeted unit and system updates. Population and household growth within a 3-mile radius point to a gradually expanding renter pool that can support occupancy stability.
Neighborhood rents have been rising from a lower base and are projected to continue upward, while rent-to-income levels suggest manageable affordability pressure that can aid retention. According to CRE market data from WDSuite, neighborhood occupancy has improved in recent years, though it remains below denser metro submarkets; investors should balance upside from operational improvements with cautious assumptions around amenity scarcity and intra-metro safety dispersion.
- 1985 vintage is newer than local average, supporting competitive positioning with potential for targeted value-add
- Expanding 3-mile population and household base supports a larger tenant pool and occupancy stability over time
- Rents trending upward from a lower base with manageable rent-to-income levels aiding lease retention
- Regional employers within commuting distance bolster workforce housing demand
- Risks: amenity-light rural location, below-metro safety rank, and competition from accessible homeownership options