| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 80th | Best |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12112 Sugarloaf Key St, Tampa, FL, 33626, US |
| Region / Metro | Tampa |
| Year of Construction | 2012 |
| Units | 22 |
| Transaction Date | 2008-01-28 |
| Transaction Price | $13,000,000 |
| Buyer | FUND COUNTRYWAY LLC |
| Seller | LESLIE LAND DEVELOPMENT CORP |
12112 Sugarloaf Key St Tampa Multifamily Investment
Neighborhood occupancy has held in the low-90s with a positive multi‑year trend, supporting demand stability according to WDSuite’s CRE market data. This 2012 asset in Tampa’s inner suburbs benefits from established renter depth and steady lease-up dynamics informed by careful commercial real estate analysis.
The property sits in an Inner Suburb location within the Tampa–St. Petersburg–Clearwater metro, where the neighborhood carries an A rating and ranks 67 out of 710 neighborhoods—Top quartile among 710 metro neighborhoods based on WDSuite’s CRE market data. Renter-occupied share in the neighborhood is measured at roughly two-fifths of housing units, indicating a meaningful renter base that supports multifamily demand and leasing continuity.
Livability indicators are supportive for families and professionals. Average school ratings are strong (about 4.0 out of 5), placing the area in the top quartile nationally, and park and childcare access outperforms national norms. Amenity density is mixed—restaurants and grocery options are present at levels around national medians, while cafes and pharmacies are thinner—so investors should underwrite convenience as neighborhood- rather than block-level.
Within a 3‑mile radius, population has grown modestly in recent years with additional gains projected, and households are expected to expand further over the next five years. This points to a larger tenant base and supports occupancy stability. Income levels in the 3‑mile trade area are high by national standards, while neighborhood rent-to-income sits near the mid-range nationally, a combination that tends to aid retention and reduce lease frictions.
Home values in the neighborhood are elevated relative to many U.S. areas, which typically sustains reliance on multifamily rentals and can support pricing power without overextending renters. Given the property’s 2012 vintage compared with a neighborhood average year of 2003, the asset is newer than much of the local stock—an advantage for competitiveness versus older properties, while still planning for typical mid‑life system updates and select modernization over time.
Safety indicators in this neighborhood are mixed and should be evaluated in context. The area sits below the national median for safety (around the low‑40s national percentile), and its crime rank places it below the mid‑pack relative to 710 metro neighborhoods. That said, estimated property crime has improved year over year, while estimated violent offenses rose in the latest period—trends worth monitoring in ongoing operations and resident communications.
For underwriting, investors may consider modest allowances for security enhancements and community engagement, balanced against the improving property-crime trend. Comparisons should be made to peer Inner Suburb locations across the Tampa metro for a like‑for‑like view.
Nearby employment is anchored by healthcare, finance, technology distribution, and advanced manufacturing—industries that help sustain a diverse renter base and support retention through commute convenience. The list below highlights notable employers within a commutable radius that align with workforce housing demand in this submarket.
- Wellcare Health Plans — healthcare services (4.9 miles) — HQ
- Raymond James — financial services (7.6 miles)
- Tech Data — IT distribution (11.1 miles) — HQ
- Raymond James Financial — financial services (12.3 miles) — HQ
- Jabil Circuit — electronics manufacturing (13.3 miles) — HQ
12112 Sugarloaf Key St offers a 2012 vintage in an Inner Suburb neighborhood that ranks in the top quartile of the Tampa metro, pairing steady renter demand with strong school indicators and solid neighborhood amenities. According to CRE market data from WDSuite, neighborhood occupancy has remained in the low‑90s with a positive five‑year trend, and the local renter concentration provides depth to the tenant base. Within a 3‑mile radius, recent and projected gains in population and households point to incremental renter pool expansion—supporting leasing stability—while neighborhood rent-to-income sits around the national mid‑range, a backdrop that can aid retention and measured rent growth strategies.
The asset’s newer‑than‑average vintage versus local stock can enhance competitive positioning against older properties, though prudent capital planning should anticipate selective modernization as systems age. Underwriting should also account for mixed safety signals—improving property crime but recent increases in estimated violent offenses—alongside amenity density that varies by category.
- Top‑quartile neighborhood within the Tampa metro with established renter base and strong school indicators
- 2012 construction offers competitive positioning versus older local stock with manageable modernization needs
- 3‑mile trade area shows population and household growth, supporting tenant base expansion and occupancy stability
- Income strength and mid‑range rent‑to‑income support retention and disciplined pricing
- Risks: mixed safety metrics and uneven amenity density warrant monitoring and targeted asset management