| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 39th | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5001 Beechcraft Way, Seffner, FL, 33584, US |
| Region / Metro | Seffner |
| Year of Construction | 2004 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5001 Beechcraft Way Seffner Multifamily Investment
Newer 2004 vintage relative to the area and a renter base supported by a high-cost ownership market suggest steady leasing fundamentals, according to WDSuite’s CRE market data.
Located in Seffner within the Tampa–St. Petersburg–Clearwater metro, the property sits in an Inner Suburb neighborhood rated B- that is competitive among 710 metro neighborhoods. Local retail access is practical rather than destination-driven, with strong grocery and pharmacy density (nationally high percentiles) and a broad selection of restaurants, while parks and cafes are limited within the immediate neighborhood. For residents, this mix supports day-to-day convenience even if lifestyle amenities are somewhat diffuse.
Area housing stock skews older (average 1979), making the 2004 construction comparatively newer. For investors, newer-than-area vintage can enhance leasing appeal versus older product, while still planning for mid-life system updates and selective modernization to maintain competitive positioning.
The neighborhood shows an occupancy level of 88.2% and has been roughly stable in recent years. Renter-occupied housing represents 36.4% of units and sits in the upper quartile nationally, indicating a meaningful tenant base for multifamily demand rather than a primarily owner-only market. Home values rank high versus local incomes (upper national percentiles on value-to-income), reinforcing reliance on rental options and supporting pricing power when managed carefully.
Within a 3-mile radius, population and households have grown and are projected to continue expanding through 2028, with average household size trending smaller. For multifamily investors, that points to renter pool expansion and supports occupancy stability. Median contract rents in the 3-mile area have risen historically and are forecast to increase further, aligning with metro dynamics; lease management should balance this with resident affordability to sustain retention.
Neighborhood safety indicators track below the national median (crime and violent offense sit in lower national percentiles), indicating comparatively higher incident rates than many U.S. neighborhoods. Recent year-over-year estimates also point to some uptick in property offenses. While conditions can vary block to block, investors typically underwrite with modest security, lighting, and property management measures to support resident comfort and retention.
Proximity to corporate employers in healthcare, insurance, and financial services supports a diversified renter base and commute convenience for workforce and professional tenants, including Cardinal Health, MetLife, Raymond James, and Wellcare/Wellcare Health Plans.
- Cardinal Health — healthcare distribution offices (8.1 miles)
- MetLife Insurance Company — insurance (11.2 miles)
- Raymond James — financial services offices (15.0 miles)
- Wellcare — healthcare services (15.9 miles)
- Wellcare Health Plans — healthcare services (16.1 miles) — HQ
This 34-unit, 2004-vintage asset benefits from a solid suburban location with daily-needs retail access, a meaningful renter base, and household growth within a 3-mile radius that supports long-term demand. The property’s newer-than-area vintage should compete well against older stock, with potential to drive returns through targeted updates and disciplined lease management as rents trend upward in the surrounding area.
Ownership remains relatively costly versus local incomes, reinforcing rental demand, while neighborhood occupancy has been steady. At the same time, safety indicators are below national medians and rent-to-income levels warrant attention. Underwriting that prioritizes resident experience, security, and thoughtful renewal strategies can sustain retention and mitigate volatility, based on commercial real estate analysis informed by WDSuite’s CRE market data.
- 2004 construction competes against older neighborhood stock; plan for mid-life system upgrades and selective renovations
- Renter-occupied share and growing households within 3 miles support a durable tenant base and occupancy stability
- High ownership costs relative to income reinforce reliance on rentals, aiding pricing power when managed carefully
- Daily-needs retail access (strong grocery/pharmacy density) enhances livability and leasing appeal
- Risks: below-median safety metrics and renter affordability pressure require proactive management and retention focus