| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 45th | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1240 Astor Commons Pl, Brandon, FL, 33511, US |
| Region / Metro | Brandon |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1240 Astor Commons Pl Brandon Multifamily Investment
Neighborhood occupancy is stable and renter demand is supported by a majority renter-occupied housing base; according to WDSuite’s CRE market data, local amenities skew toward daily needs rather than lifestyle destinations. This positioning can favor steady leasing for workforce-oriented units.
Brandon’s inner-suburban setting offers practical livability for renters, with strong access to daily needs. Grocery coverage is a relative strength, performing in the top decile nationally, while pharmacies are also plentiful compared with many U.S. neighborhoods. Restaurant density is competitive, though park, cafe, and childcare density are limited, suggesting convenience over lifestyle-driven amenity depth.
At the neighborhood level, occupancy trends are mid-pack, and the area carries a B neighborhood rating. Its overall standing is competitive among Tampa–St. Petersburg–Clearwater neighborhoods (rank 322 out of 710), indicating above-median positioning within the metro. Average NOI per unit trends above the national median, which supports underwriting assumptions for stabilized assets.
Tenure data points to meaningful multifamily demand: approximately 51% of neighborhood housing units are renter-occupied, indicating a sizable tenant base and potential leasing durability across cycles. Within a 3-mile radius, population and household counts have grown and are projected to expand further, implying a larger tenant pool over the next five years and potential support for occupancy stability.
Affordability dynamics are balanced. Neighborhood rent levels sit above many U.S. areas, yet rent-to-income ratios remain manageable, which can help with lease retention and renewal performance. Median home values are near the national midpoint, suggesting some competition from ownership options but not at levels that typically erode multifamily demand in workforce submarkets.
Safety indicators for the neighborhood trail national medians, with crime metrics falling below mid-percentile ranges nationwide. Property and violent offense benchmarks indicate the area is less safe than many U.S. neighborhoods, and recent year-over-year changes show an uptick in violent incidents.
For investors, this context calls for prudent operations: emphasize security-minded site management, lighting, and resident engagement, and underwrite to market-appropriate loss and turnover assumptions while monitoring metro-wide trend shifts.
The surrounding employment base mixes healthcare, insurance, and financial services, supporting commuter-friendly renter demand and retention. Nearby employers include Cardinal Health, MetLife Insurance Company, Wellcare and Wellcare Health Plans, and Raymond James.
- Cardinal Health — healthcare distribution (3.1 miles)
- MetLife Insurance Company — insurance services (15.0 miles)
- Wellcare — health plans & services (15.8 miles)
- Wellcare Health Plans — health plans & services (16.0 miles) — HQ
- Raymond James — financial services (16.4 miles)
This Brandon asset benefits from a sizable renter base and practical amenity coverage that favors daily needs, supporting stable leasing for workforce-oriented units. Neighborhood performance is competitive among Tampa metro peers, with an above-median local rank and NOI per unit trending above national medians, while occupancy sits in a stable range for comparable inner-suburban product. Based on CRE market data from WDSuite, the area’s grocery and pharmacy access stands out, adding to day-to-day convenience valued by tenants.
Within a 3-mile radius, recent growth in households and incomes, alongside projected expansion over the next five years, points to a gradually enlarging renter pool that can support occupancy and renewal performance. Ownership costs are near national midpoints, which may introduce some competition from entry-level ownership but generally sustains reliance on multifamily housing for many households in this submarket.
- Majority renter-occupied neighborhood supports a deep tenant base and steady demand
- Competitive standing within the Tampa metro and NOI per unit above national medians
- Strong daily-needs access (groceries, pharmacies) that aligns with workforce renters
- 3-mile household and income growth indicates a gradually expanding renter pool
- Risk: safety metrics trail national medians—plan for security-focused operations and prudent underwriting