| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 45th | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1010 Versant Dr, Brandon, FL, 33511, US |
| Region / Metro | Brandon |
| Year of Construction | 1999 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | $2,000,000 |
| Buyer | GLACIER/VERSANT CORPORATION |
| Seller | SPANOS CORPORATION |
1010 Versant Dr Brandon Multifamily Investment
Neighborhood fundamentals point to balanced occupancy and a deep renter-occupied base, according to WDSuite’s CRE market data. These indicators suggest steady tenant demand at the submarket level, with trends measured for the neighborhood—not the property.
Brandon’s inner-suburban setting offers daily convenience and commuter access, with a strong presence of grocery and pharmacy options relative to many U.S. neighborhoods. Neighborhood amenities rank above the metro median among 710 Tampa–St. Petersburg–Clearwater neighborhoods, while national percentiles show grocery and restaurant access outperforming typical suburban peers. Parks and cafes are more limited, which investors should consider when positioning outdoor or community-centric amenities on site.
Renter-occupied housing accounts for just over half of neighborhood units, placing renter concentration in the top decile nationally. For multifamily owners, that depth of renter demand can support leasing velocity and retention, even as overall neighborhood occupancy trends sit near the metro middle rather than the top tier.
Within a 3-mile radius, demographics indicate modest recent population gains and a forecasted expansion in households over the next five years. A larger household base generally expands the local renter pool and supports occupancy stability. Income levels in the area are solid versus national norms, and the rent-to-income dynamics point to manageable affordability pressure—favorable for lease renewal strategies and pricing discipline.
Home values sit near national mid-range levels, which may introduce some competition with ownership options. From an investor perspective, this typically translates to more balanced pricing power: potential for steady absorption without outsized rent push assumptions, particularly when paired with practical in-unit upgrades and service improvements.
Schools in the neighborhood score below national averages, which can be a consideration for family-oriented tenants. Owners targeting broader renter segments may mitigate this with community programming, on-site conveniences, and modern finishes that resonate with working professionals.
Relative to the Tampa–St. Petersburg–Clearwater metro, the neighborhood’s safety profile trends below the metro median among 710 neighborhoods and sits in a lower national percentile. In practical terms, this indicates higher reported crime than many peer areas. Year-over-year indicators also suggest some volatility in violent incidents, while property crime trends have edged up.
Investors should weigh these dynamics in underwriting and operations planning. Strategies such as lighting, access control, and visible management presence can support resident experience, and marketing may benefit from emphasizing on-site security features rather than block-level comparisons.
The Brandon area draws from a diversified white-collar employment base that supports renter demand through commute convenience. Nearby employers include Cardinal Health, MetLife, Wellcare, Wellcare Health Plans, and Raymond James.
- Cardinal Health — corporate offices (4.5 miles)
- MetLife Insurance Company — corporate offices (15.0 miles)
- Wellcare — corporate offices (16.9 miles)
- Wellcare Health Plans — corporate offices (17.0 miles) — HQ
- Raymond James — corporate offices (17.1 miles)
This 36-unit asset benefits from a renter-heavy neighborhood, mid-pack occupancy, and proximity to a diversified employer base. Within a 3-mile radius, steady population gains and a projected increase in households point to a larger tenant base, supporting occupancy stability and measured rent growth. According to CRE market data from WDSuite, neighborhood amenity access is stronger for daily needs (groceries, pharmacies, restaurants) than for lifestyle features like parks and cafes—an opening for on-site enhancements that bolster retention.
Ownership costs in the area are not extreme by national standards, implying balanced competition between renting and buying. Forward-looking demographic and income trends suggest durable demand, while school quality and safety variability warrant conservative underwriting on marketing, security, and tenant experience. Execution focused on pragmatic upgrades and resident services should be well-aligned with local demand drivers.
- Renter-occupied share supports a deep tenant base and steady leasing
- Expanding 3-mile household counts bolster long-run occupancy stability
- Daily-needs amenities are strong locally; on-site features can offset limited parks/cafes
- Balanced ownership landscape indicates moderate pricing power rather than outsized rent push
- Risks: below-median safety, lower school ratings, and competition from ownership options