| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 33rd | Poor |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 305 W Grant St, Plant City, FL, 33563, US |
| Region / Metro | Plant City |
| Year of Construction | 1986 |
| Units | 44 |
| Transaction Date | 2016-03-15 |
| Transaction Price | $2,575,000 |
| Buyer | VPEG Walden Landing LLC |
| Seller | --- |
305 W Grant St Plant City 44-Unit Multifamily
Neighborhood occupancy is steady and amenity access is competitive for the metro, supporting durable renter demand in central Plant City, according to WDSuite’s CRE market data. This location offers practical fundamentals for investors prioritizing stable operations over speculative growth.
Plant City’s Suburban neighborhood profile is rated B and sits above the metro median (rank 307 of 710). Amenity access is a relative strength: restaurants, groceries, pharmacies, and childcare options are all in the top quartile nationally, which helps with leasing visibility and day-to-day convenience. Park access is limited, so outdoor space programming on-site can be a differentiator.
Neighborhood occupancy averages 92.6% and has improved over the last five years, placing it above the national median and competitive among Tampa–St. Petersburg–Clearwater neighborhoods. Median asking rents in the area trend moderately above national medians, while the neighborhood housing score sits near the middle of U.S. peers, suggesting balanced—though not overheated—conditions for operations.
The building’s 1986 vintage is newer than the neighborhood’s average 1975 construction year, offering relative competitiveness versus older stock. Investors should still plan for system updates typical of late-1980s assets while leveraging potential value-add through common area refreshes and interior modernization.
Within a 3-mile radius, about 40% of housing units are renter-occupied, indicating a meaningful renter base to support leasing. Population has grown modestly and households have increased, with forecasts calling for further household growth and smaller average household sizes—trends that typically expand the renter pool and support occupancy stability. Local school ratings trail metro leaders (below the national median), which may tilt demand toward workforce and lifestyle renters rather than families prioritizing top-rated schools.
Ownership costs in the neighborhood are elevated relative to local incomes (top-quartile value-to-income nationally), which reinforces reliance on multifamily rentals and can support retention. At the same time, rent-to-income is tight for some households, so thoughtful lease management and renewal strategies remain important for pricing power without elevating turnover risk.
Safety indicators are comparatively favorable for the region: the neighborhood’s crime rank (133 out of 710 metro neighborhoods) places it above the metro median. Nationally, overall safety trends around or better than average, with violent and property offense measures in the top quartile compared with neighborhoods nationwide.
Year-over-year estimates suggest property offenses have ticked up recently, which investors should monitor alongside standard security and lighting best practices. Overall, the directional picture is stable to better-than-average for the metro, but portfolio underwriting should reflect local management and prevention measures rather than block-level assumptions.
Nearby corporate anchors provide a diversified employment base that supports renter demand and retention, led by grocery headquarters, healthcare services, financial services, and manufacturing offices noted below.
- Publix Super Markets — grocery HQ (6.8 miles) — HQ
- Mosaic — fertilizers & industrial (14.0 miles)
- Cardinal Health — healthcare distribution (16.6 miles)
- MetLife Insurance Company — insurance (17.6 miles)
- Raymond James — financial services (24.1 miles)
This 44-unit asset at 305 W Grant St benefits from steady neighborhood occupancy, strong daily-needs amenities, and a renter base supported by a diversified employment corridor. The 1986 vintage is newer than the area’s typical 1970s stock, offering a competitive stance against older properties while leaving room for targeted value-add through interior and systems updates. Based on CRE market data from WDSuite, neighborhood occupancy trends above the national median, and within a 3-mile radius the combination of modest population growth and a rising household count points to a larger tenant base and supports leasing stability.
Market context is favorable for multifamily: elevated ownership costs relative to incomes sustain renter reliance, and amenity density (groceries, restaurants, pharmacies, childcare) ranks in the national top quartile, aiding leasing and retention. Risks to underwrite include tighter rent-to-income for some households and below-median school ratings, which call for disciplined renewal strategies and unit mix positioning rather than growth assumptions.
- Neighborhood occupancy above national median supports stable operations
- 1986 vintage is competitive versus older local stock with value-add potential
- Amenity access in top quartile nationally aids leasing and retention
- Employment anchors within commuting range reinforce renter demand
- Risk: tighter rent-to-income and below-median school ratings require disciplined pricing and renewal management