| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Poor |
| Demographics | 26th | Poor |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 709 Oceanside Cir, Ruskin, FL, 33570, US |
| Region / Metro | Ruskin |
| Year of Construction | 1982 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
709 Oceanside Cir Ruskin Multifamily Value-Add Opportunity
Household growth and upward rent trends within a 3-mile radius suggest a durable tenant base, according to WDSuite s CRE market data, supporting a focused renovation plan to enhance performance.
Ruskin s suburban setting offers everyday convenience more than lifestyle flair. Neighborhood data indicate restaurants and grocery access track above national medians, while cafes, parks, and pharmacies are limited. For a 45-unit property, this mix supports daily needs but suggests on-site amenities and service quality can be meaningful differentiators for retention and leasing.
Within a 3-mile radius, population and households have expanded in recent years and are projected to continue increasing through 2028, pointing to a larger tenant base and support for occupancy stability. Median contract rents in this radius are rising, reinforcing the case for well-executed unit and common-area upgrades to capture demand.
Renter concentration in the neighborhood and surrounding 3-mile area is roughly one-quarter of housing units, indicating a modest but active pool of renter-occupied households. For investors, this typically favors workforce-oriented positioning and competitive pricing strategy to maintain absorption and limit downtime.
The property s 1982 vintage is slightly newer than the neighborhood s late-1970s average. As an early-1980s asset, planning for systems modernization and interior refresh can unlock value-add potential and improve competitive standing versus newer stock, especially as rents trend upward.
Neighborhood safety indicators track below national medians and sit near the middle of the Tampa St. Petersburg Clearwater metro s 710 neighborhoods. Recent year-over-year readings point to a modest uptick in both property and violent offenses. For investors, this typically argues for enhanced lighting, access control, and community management to support resident comfort and retention.
Positioning the asset with practical security features and attentive operations can mitigate perception risk and help sustain leasing performance relative to comparable suburban locations.
Proximity to a diversified employer base supports commute convenience for residents and underpins renter demand, including Cardinal Health, Jabil Circuit, Raymond James Financial, Airgas, and Tech Data.
- Cardinal Health healthcare distribution (12.8 miles)
- Jabil Circuit electronics manufacturing services (16.4 miles) HQ
- Raymond James Financial financial services (18.2 miles) HQ
- Airgas Store industrial gases (20.7 miles)
- Tech Data IT distribution (21.5 miles) HQ
This 45-unit, 1982-vintage asset in Ruskin is positioned for value-add through targeted renovations and operational execution. Within a 3-mile radius, population and households are expanding with additional growth projected, supporting a larger tenant base and potential occupancy stability. Neighborhood rent levels are trending upward, and ownership remains prevalent, so competitive finishes and resident services can help sustain leasing velocity and retention.
Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends sit below the national median but are improving over time, suggesting that disciplined management and curb appeal upgrades can close the gap to stronger submarkets. Modernizing building systems and interiors typical of early-1980s construction can unlock measurable NOI upside relative to older local stock.
- Expanding 3-mile renter pool and rising rents support demand and pricing power for renovated units.
- Value-add path: 1982 construction benefits from systems upgrades and interior modernization.
- Employer access across healthcare, finance, and tech supports commute convenience and resident retention.
- Operational upside by adding amenities and services in a neighborhood with limited third-place options.
- Risks: below-median safety readings and higher homeownership share require attentive management and competitive pricing.