| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 29th | Poor |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3012 State Road 17 N, Sebring, FL, 33870, US |
| Region / Metro | Sebring |
| Year of Construction | 2002 |
| Units | 42 |
| Transaction Date | 2012-06-28 |
| Transaction Price | $850,000 |
| Buyer | SILVERSANDS REAL ESTATE GROUP LLC |
| Seller | LITTLEPIO44 LLC |
3012 State Road 17 N Sebring 42-Unit Investment
2002 vintage provides a newer option versus the area s older housing stock, positioning the asset competitively in a largely owner-occupied market, according to WDSuite s CRE market data.
Sebring s rural character translates to a quieter setting with limited destination retail and lifestyle amenities nearby; grocery access sits around the metro middle while cafes, parks, and pharmacies are sparse by national standards (amenities rate in the lower national percentiles). For investors, that typically supports value-oriented positioning rather than premium amenity premiums.
The property s 2002 construction is newer than the neighborhood s average 1980s-era stock, suggesting relative competitiveness against older properties while still warranting mid-life system updates and selective renovations in capital plans.
The surrounding neighborhood shows a modest renter-occupied share, indicating a primarily owner-occupied area. That mix points to a moderate depth of the tenant base and steadier turnover patterns, though lease-up may depend on meeting price-sensitive demand. Neighborhood contract rents sit below national medians, reinforcing an affordability-led strategy rather than amenity-led premiums as part of multifamily property research.
Within a 3-mile radius, recent trends show flat-to-slightly lower population but a small increase in households and smaller average household sizes, which can broaden the renter pool over time. Forward-looking projections indicate gains in both population and households, which, if realized, would support occupancy stability and gradual absorption.
Ownership costs in the area are relatively accessible by national comparison. For multifamily investors, this can mean some competition from entry-level ownership, but also stable rent-to-income dynamics that support retention if pricing remains in line with local incomes.
Based on WDSuite s CRE market data, the neighborhood compares modestly safer than the nation overall. Violent offenses are in the top quartile nationally (safer relative to most neighborhoods), while property offenses track closer to national averages with a recent uptick. For investors, this suggests standard security and lighting enhancements remain prudent to support resident retention and asset protection.
At the metro level, the area performs around mid-pack among the 39 neighborhoods, reinforcing a balanced view: not a standout for safety, but not an outlier for risk either. Monitoring year-over-year trends remains important in underwriting and operational plans.
Regional employment access is the primary driver, with commuting patterns extending to larger corporate nodes that help support renter demand. Nearby examples include the following employer:
- Mosaic corporate offices (41.1 miles)
This 42-unit, 2002-vintage asset offers relatively newer construction versus the neighborhood s older housing, supporting competitive positioning with targeted upgrades. The market skews owner-occupied with below-national rents, pointing to a value-oriented strategy focused on affordability and retention rather than amenity premiums. According to CRE market data from WDSuite, local demographics within a 3-mile radius show smaller household sizes and projected growth in households, which can expand the renter base and support occupancy management.
Key considerations include limited nearby lifestyle amenities and competition from accessible ownership options. Underwriting should emphasize durable operations, selective renovations to maintain a quality gap to older stock, and disciplined pricing aligned to local incomes.
- 2002 vintage offers competitive edge versus older neighborhood stock, with mid-life updates to drive yield
- Value-oriented positioning fits below-national rent levels and supports retention
- 3-mile projections indicate household growth and smaller household sizes, widening the renter pool
- Risk: owner-leaning market and limited amenities may cap rent premiums; focus on operations and price discipline