| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2120 Village Park Rd, Plant City, FL, 33563, US |
| Region / Metro | Plant City |
| Year of Construction | 1999 |
| Units | 122 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2120 Village Park Rd Plant City Multifamily Opportunity
Built in 1999 and positioned in a suburban pocket of Plant City, the asset benefits from a neighborhood with competitive occupancy and a renter base supportive of steady leasing, according to WDSuite’s CRE market data.
This suburban Plant City location shows solid fundamentals for workforce-oriented rentals. Neighborhood occupancy is competitive among the 710 Tampa–St. Petersburg–Clearwater neighborhoods and sits in the top quartile nationally, per WDSuite. Median asking rents in the area trend in the upper third nationally, suggesting room for disciplined revenue management without stretching affordability.
Livability is mixed but improving for daily convenience. Cafes and parks index well versus national peers, while grocery, pharmacy, and childcare options are thinner locally, indicating some reliance on nearby corridors for essentials. These dynamics typically favor communities with on-site amenities and strong property management to support retention.
Vintage matters: with a 1999 construction year against an area average dating to the late 1970s, this property is newer than much of the neighborhood stock. That positioning helps competitiveness versus older assets, while investors should still plan for selective system updates and common-area refreshes as part of long-term capital planning.
Tenure patterns point to a meaningful renter-occupied share at the neighborhood level (about two-fifths of housing units are renter-occupied). For investors, that indicates depth in the tenant base and supports demand for multifamily product, especially when paired with neighborhood occupancy stability.
Demographics within a 3-mile radius show modest population softening alongside an increase in household counts and smaller average household sizes over time. This shift generally expands the pool of households seeking rental options and can support occupancy and absorption, particularly for well-maintained, mid-sized communities.
Ownership costs in the surrounding area are comparatively accessible by national standards, which can introduce some competition from for-sale housing. Even so, a rent-to-income profile near historical norms suggests manageable affordability pressure that can aid lease retention when pricing is set with care.
Safety indicators for the neighborhood trend below national averages overall, with rankings that place it below the metro median among 710 Tampa–St. Petersburg–Clearwater neighborhoods. Nationally, the area sits in the mid-30s percentiles for overall and violent incidents, while property-related measures perform closer to mid-range.
Recent data from WDSuite indicates one-year increases in both violent and property offense estimates, reflecting short-term volatility rather than a definitive long-term trend. Investors typically mitigate this risk through lighting, access control, and resident engagement, and by emphasizing the property’s newer-vintage positioning within the local competitive set.
Nearby corporate anchors provide diversified employment and commute convenience that supports renter demand, including grocery retail, insurance, healthcare distribution, and financial services offices cited below.
- Publix Super Markets — grocery retail (5.7 miles) — HQ
- Mosaic — corporate offices (14.9 miles)
- MetLife Insurance Company — insurance (18.1 miles)
- Cardinal Health — healthcare distribution (18.4 miles)
- Raymond James — financial services (25.0 miles)
The asset’s 1999 vintage offers a relative edge versus older neighborhood stock, supporting competitive positioning and reducing near-term functional obsolescence. Neighborhood occupancy trends are strong and nationally above average, and the local renter-occupied share underscores depth in the tenant base. Within a 3-mile radius, households are growing even as average household size declines, which generally expands the renter pool and supports stable leasing. According to CRE market data from WDSuite, area rents track in the upper-third nationally while rent-to-income remains manageable, enabling thoughtful pricing without unduly increasing retention risk.
Balanced underwriting should account for softer safety readings relative to national norms and a limited mix of daily conveniences immediately nearby. At the same time, proximity to diversified employers and a high-occupancy neighborhood backdrop position the property for steady performance, with selective value-add through interior refreshes and systems updates to sustain competitiveness over the hold period.
- Newer-than-area vintage (1999) supports competitiveness vs. older stock
- Competitive neighborhood occupancy and upper-third rent positioning aid revenue stability
- 3-mile household growth and smaller household sizes expand the renter pool
- Proximity to diversified employers underpins leasing demand
- Risks: below-average safety metrics and thinner nearby daily services warrant active management