| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 22nd | Poor |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 102 Curiosity Creek Ln, Tampa, FL, 33612, US |
| Region / Metro | Tampa |
| Year of Construction | 1982 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
102 Curiosity Creek Ln Tampa Multifamily Investment
Occupancy in the surrounding neighborhood trends above the metro median, supporting income stability for an 81‑unit asset, according to WDSuite’s CRE market data. The property’s 1982 vintage offers competitive positioning versus older local stock while leaving room for targeted modernization.
This Inner Suburb pocket of Tampa posts neighborhood occupancy around the mid‑90s and ranks above the metro median (among 710 metro neighborhoods), a signal for steady leasing and lower downtime relative to softer submarkets. At the national level, it sits near the mid‑pack for occupancy, which supports predictable operations without relying on outsized rent growth.
Everyday convenience is a relative strength: neighborhood access to grocery and pharmacy options tracks in the higher national percentiles, while restaurants are roughly mid‑range. However, parks, cafes, and childcare density are limited locally, so the amenity mix skews toward essentials rather than lifestyle offerings—important for positioning and marketing.
Vintage and asset competitiveness matter here. The property was constructed in 1982, slightly newer than the neighborhood’s average build year in the late 1970s. That typically helps with curb appeal and functional layouts versus older stock, though investors should still plan for aging systems, common‑area refreshes, and unit‑level upgrades to meet renter expectations.
Tenure patterns and affordability support multifamily demand. The neighborhood’s share of housing units that are renter‑occupied is in the mid‑40s, indicating a sizable tenant base; within a 3‑mile radius, renters account for roughly 59% of occupied housing, deepening the pool for leasing. Median contract rents and a rent‑to‑income profile closer to the low end nationally suggest manageable affordability pressure for working households, aiding retention and collections. Meanwhile, elevated value‑to‑income ratios and ownership costs point to a high‑cost ownership market, which tends to sustain reliance on rental housing. These dynamics align with steady renter demand, based on CRE market data from WDSuite.
Demographics aggregated within a 3‑mile radius show recent population and household growth, with households projected to continue increasing through the mid‑term. A larger household base and rising incomes expand the renter pool over time, which can support occupancy stability and provide room for strategic rent optimization without sacrificing leasing velocity.
Safety indicators for the neighborhood trend below national medians and are below the metro average among the 710 Tampa–St. Petersburg–Clearwater neighborhoods. Recent year estimates show a modest increase in property offenses and a sharper uptick in violent‑offense estimates, signaling a risk factor to underwrite in operating assumptions and security planning.
For investors, the takeaway is practical: emphasize lighting, access control, and resident engagement, monitor trends quarterly, and position leasing to highlight convenience strengths. Comparative performance can vary block‑to‑block, so underwriting should lean on recent, neighborhood‑level readings and ongoing management practices rather than one‑time snapshots, per WDSuite’s CRE market data.
Nearby corporate offices create a broad white‑collar employment base that supports renter demand and commuting convenience for workforce and professional tenants. The list below highlights notable employers within typical commuting distance that can bolster leasing stability.
- Raymond James — financial services (3.5 miles)
- Wellcare — healthcare plans (5.7 miles)
- Wellcare Health Plans — healthcare plans (5.9 miles) — HQ
- MetLife Insurance Company — insurance (6.9 miles)
- Cardinal Health — healthcare distribution (13.7 miles)
The investment case centers on stable renter demand, mid‑range national positioning, and relative competitiveness versus older neighborhood stock. Occupancy in the neighborhood is above the metro median and near the national middle, which supports durable cash flow and limits lease‑up risk, according to CRE market data from WDSuite. Elevated ownership costs versus incomes locally tend to reinforce reliance on multifamily housing, while rent‑to‑income levels suggest manageable affordability pressure that can aid retention.
Constructed in 1982, the 81‑unit property offers a practical value‑add path: selective interior upgrades, common‑area improvements, and system modernization can enhance competitive standing without requiring a ground‑up cost basis. Within a 3‑mile radius, ongoing population gains and projected household growth expand the tenant base, supporting occupancy stability and measured rent optimization under disciplined management.
- Above‑median neighborhood occupancy supports steadier collections and reduced downtime.
- 1982 vintage offers competitive positioning with clear value‑add and CapEx planning levers.
- High‑cost ownership market and growing 3‑mile household base deepen the renter pool and support leasing.
- Essential‑amenity access (grocers, pharmacies) underpins livability; lifestyle amenities are thinner and should inform marketing.
- Risk: Safety metrics trail national averages with recent upticks; budget for security measures and responsive management.