| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 37th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10212 N Ojus Dr, Tampa, FL, 33617, US |
| Region / Metro | Tampa |
| Year of Construction | 1980 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10212 N Ojus Dr Tampa 24-Unit Multifamily
Renter concentration in the surrounding neighborhood is elevated, supporting depth of demand and generally steady occupancy, according to WDSuite's CRE market data. Positioned in Tampa's inner suburb, the asset serves workforce tenants seeking proximity to jobs and services.
The property sits in an Inner Suburb neighborhood of Tampa-St. Petersburg-Clearwater with a C rating and occupancy that is competitive among Tampa-St. Petersburg-Clearwater neighborhoods (ranked 240 out of 710; above the metro median nationally at the 56th percentile), based on CRE market data from WDSuite. This points to stable renter demand rather than a lease-up story.
Local livability is anchored by everyday conveniences: restaurant density trends strong (84th percentile nationally) and grocery access tracks above many areas (78th percentile). However, the immediate area shows limited parks, pharmacies, cafes, and childcare options, so on-site amenities and management practices may play a larger role in retention versus lifestyle-driven walkability.
Renter-occupied housing accounts for a high share of neighborhood units (ranked 59 out of 710; top quartile nationally at the 93rd percentile). For investors, this indicates a deep tenant base and supports leasing continuity, though it also places a premium on effective lease management and resident services.
Within a 3-mile radius, demographics point to a larger tenant base over time: population and households have grown in recent years and are projected to continue expanding, while average household size trends smaller. Together, these factors suggest renter pool expansion that can support occupancy stability for well-operated multifamily assets.
Ownership costs in the neighborhood are elevated relative to incomes (96th percentile value-to-income nationally). In practical terms, the high-cost ownership market reinforces reliance on multifamily rentals and can bolster pricing power, but it also calls for careful attention to rent-to-income thresholds and renewal strategies.
Neighborhood safety benchmarks trail national averages, with both violent and property offense indicators in lower national percentiles. Even so, recent year-over-year trends point to improvement, with estimated rates declining compared to the prior year, according to WDSuite's CRE market data.
Relative to the metro, the area is neither among the lowest- nor highest-risk cohorts and should be evaluated alongside property-level security measures and resident profile. For underwriting, consider conservative assumptions on loss-to-lease and operating protocols, while noting the positive direction of recent trend data.
Proximity to major employers supports a consistent workforce renter pool and commute convenience, led by insurance, financial services, and health insurance offices in the broader Tampa market.
- MetLife Insurance Company — insurance (6.4 miles)
- Raymond James — financial services (6.9 miles)
- Wellcare — health insurance (8.6 miles)
- Wellcare Health Plans — health insurance (8.7 miles) — HQ
- Cardinal Health — healthcare distribution (11.3 miles)
This 24-unit Tampa multifamily asset sits in an inner-suburban neighborhood with occupancy that is competitive among metro peers and a renter-occupied housing share in the top quartile nationally. The combination points to durable demand and resident depth rather than a heavy lease-up risk. According to CRE market data from WDSuite, neighborhood ownership costs are elevated relative to incomes, which tends to sustain renter reliance on multifamily housing and can support pricing power when paired with sound lease management.
Within a 3-mile radius, population and household counts have grown and are expected to continue increasing, while smaller household sizes signal more renters entering the market. Investors can lean into operational execution and targeted unit improvements to capture demand, while monitoring affordability pressure in renewal decisions and marketing strategies.
- Competitive neighborhood occupancy supports baseline stability
- High renter-occupied share indicates deep tenant base
- 3-mile growth and smaller household sizes expand renter pool
- Elevated ownership costs reinforce multifamily demand
- Risks: below-average national safety benchmarks and affordability pressure require disciplined lease management