| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Fair |
| Demographics | 37th | Fair |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1335 Spinks Ln, Sebring, FL, 33870, US |
| Region / Metro | Sebring |
| Year of Construction | 1993 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1335 Spinks Ln Sebring, FL Multifamily Investment
Renter demand is supported by high neighborhood amenity access and a sizable renter-occupied housing base, according to CRE market data from WDSuite. Investors should note improving occupancy at the neighborhood level alongside ownership costs that keep rentals competitive in this part of Highlands County.
The property sits in an inner-suburban pocket of Sebring with strong day-to-day convenience: the neighborhood ranks first out of 39 metro neighborhoods for grocery and park access and is “competitive among Sebring-Avon Park neighborhoods” for restaurants and cafes. Nationally, amenity access trends in the top quartile, which typically supports leasing velocity for workforce-oriented assets.
Renter concentration in the neighborhood is elevated (ranked 3rd of 39 for the share of housing units that are renter-occupied), signaling depth in the tenant base for a 42-unit asset. Neighborhood occupancy has trended upward over the last five years but remains below national norms; investors should underwrite to steady operations rather than aggressive lease-up. Median rents in the area are modest relative to income levels, which can aid retention but may temper short-term pricing power. These dynamics are consistent with findings from WDSuite’s multifamily property research.
The average neighborhood building vintage skews older (late 1960s), while the subject property was built in 1993. The newer vintage can offer a competitive edge versus older stock, though investors should still plan for system updates and modernization to remain competitive with refreshed properties.
Demographic statistics within a 3-mile radius indicate a slight population decline over the past cycle alongside a small increase in household count, pointing to smaller household sizes. Forward-looking projections show population and households expanding through 2028, which would enlarge the renter pool and support occupancy stability even as ownership remains a viable alternative in this market.
Home values are lower than many U.S. neighborhoods, and ownership costs are comparatively accessible. For multifamily owners, this means retention and leasing depend more on convenience, product quality, and management execution, with pricing strategies calibrated to avoid affordability pressure and sustain occupancy.
Safety signals are mixed but generally comparable to national norms. The neighborhood’s overall crime positioning sits near the national middle (about average nationwide), with violent offense indicators performing stronger than many areas nationally. Within the Sebring-Avon Park metro, trends vary by category; some measures track above metro averages while others lag, reflecting typical small-metro variability.
Recent data also show year-over-year movement in property offenses. Investors should account for prudent security measures and lighting, and monitor local trendlines as part of ongoing asset management, using submarket comparables rather than block-level assumptions.
Regional employment is diversified across services and industrial operations. The following nearby employer contributes to the broader labor pool and commuting patterns relevant to workforce housing in Highlands County.
- Mosaic — fertilizer & industrial operations (43.5 miles)
This 42‑unit, 1993-vintage asset offers a relative age advantage versus the neighborhood’s older housing stock, with scope for targeted renovations to enhance competitiveness and retention. Based on commercial real estate analysis from WDSuite, the immediate area combines top-quartile amenity access with an above-median renter concentration in the metro, supporting tenant demand for well-managed, workforce-oriented units.
Neighborhood occupancy has improved over five years but remains below national levels, suggesting conservative lease-up and renewal assumptions. Within a 3-mile radius, households are projected to grow through 2028, which would enlarge the tenant base even as ownership remains accessible; this favors consistent absorption for quality units while reinforcing the importance of value-oriented finishes and operational discipline.
- 1993 vintage offers a competitive edge versus older local stock, with clear room for modernization and value-add.
- Top-quartile amenity access and elevated renter concentration support demand depth and leasing stability.
- Household growth within 3 miles points to a larger tenant base and supports steady occupancy.
- Pricing strategy should emphasize retention given modest rent levels relative to incomes and accessible ownership.
- Risk: neighborhood occupancy trails national norms; underwrite conservatively and plan for ongoing unit and system updates.