| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 29th | Poor |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1200 Citrus Terrace Dr, Sebring, FL, 33870, US |
| Region / Metro | Sebring |
| Year of Construction | 1989 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1200 Citrus Terrace Dr, Sebring Multifamily Outlook
Steady renter demand in a rural Central Florida setting, with neighborhood occupancy and incomes trending near local norms according to WDSuite s CRE market data. The thesis centers on durable workforce housing needs and prudent value-add planning rather than outsized rent growth.
Sebring s rural neighborhood setting offers everyday conveniences but a limited amenity mix. Grocery access is present, while cafes, parks, and childcare options are sparse by national standards, which can support quieter living but reduces lifestyle appeal compared with larger Florida metros.
Neighborhood occupancy is measured for the neighborhood, not this property, and currently sits below many U.S. areas; investors should underwrite to cautious lease-up and renewal assumptions. Renter concentration at the 3-mile level indicates a meaningful base of renter-occupied housing units, supporting a viable tenant pool for small multifamily assets. Based on commercial real estate analysis from WDSuite, the area ranks below the metro median for amenities but remains competitive for everyday shopping needs.
Within a 3-mile radius, demographics are anchored by older households today with projections calling for population growth and a sizable increase in households over the next five years. Smaller average household size is anticipated, which typically benefits multifamily through a larger tenant base and supports occupancy stability over time.
Home values in the immediate area are comparatively modest for Florida, which can introduce competition from ownership alternatives. For operators, this implies a focus on product differentiation, resident experience, and measured pricing to sustain retention and reduce turnover costs.
Safety indicators are mixed in a way typical for smaller Florida markets. The neighborhood s crime rank sits in the mid range among 39 metro neighborhoods, while national comparisons place the area modestly above the median for overall safety. Violent-offense metrics trend stronger than national norms and have improved year over year, whereas property-related incidents are closer to national averages with some recent fluctuation. These signals are neighborhood-level and may not reflect block conditions around the asset; investors should confirm on-the-ground trends and align security measures with resident expectations.
Employment access skews regional, with commuting tied to large industrial and corporate footprints that help support workforce housing demand. Nearby employers reflected below illustrate the broader base serving renters.
- Mosaic corporate offices (42.5 miles)
Built in 1989, the 43-unit asset offers mid-vintage construction that is newer than much of the immediate neighborhood stock, suggesting competitive positioning with room for targeted updates to drive rentability and retention. According to CRE market data from WDSuite, neighborhood occupancy trails stronger Florida submarkets, so underwriting should emphasize operational execution and leasing discipline.
At the 3-mile level, projections point to population growth, a rising household count, and smaller household sizes all supportive of a larger tenant base over time. With ownership costs relatively accessible locally, pricing power may be moderate; performance will hinge on value-add scope, unit finishes, and service quality rather than outsized rent lifts. Average unit sizes around 848 square feet align with practical floor plans for workforce renters.
- Mid-vintage 1989 construction with clear value-add pathways (interiors, common areas, systems).
- 3-mile projections show population and household growth, expanding the renter pool and supporting occupancy.
- Practical average unit sizes (~848 sf) support leasing to workforce segments.
- Risk: neighborhood-level occupancy trails stronger Florida markets plan for conservative lease-up and renewals.
- Risk: accessible ownership options may cap rent growth without quality and service differentiation.