| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 31st | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13214 Bunn Cir, Tampa, FL, 33612, US |
| Region / Metro | Tampa |
| Year of Construction | 1973 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13214 Bunn Cir Tampa 80-Unit Value-Add Opportunity
Neighborhood occupancy is competitive among Tampa-St. Petersburg-Clearwater peers and day-to-day amenities are strong, according to WDSuite's commercial real estate analysis. For investors, this points to steady renter demand with room to enhance operations through targeted renovations.
Located in an Inner Suburb of Tampa, the area surrounding 13214 Bunn Cir balances everyday convenience with stable multifamily fundamentals. Neighborhood occupancy trends are competitive among the metro's 710 neighborhoods, supporting leasing durability (measured for the neighborhood, not this property). Grocery and pharmacy access rank near the top of metro and national comparisons, which tends to sustain day-to-day livability and resident retention, based on CRE market data from WDSuite.
Amenity depth is led by essentials: grocery and pharmacy density score in the top percentile nationally, while restaurants are comparatively well represented. Park and cafe density are thinner, which may modestly limit lifestyle appeal relative to the urban core, but does not detract from the area's convenience profile for workforce renters.
Within a 3-mile radius, population and households have grown over the past five years, with projections indicating continued gains by the late 2020s. A majority of housing units are renter-occupied, which points to a deeper tenant base and supports occupancy stability for multifamily assets. Rising household incomes in the near-term outlook further reinforce the local renter pool, while requiring attentive pricing and renewal strategies as rents continue to trend upward.
Vintage context matters: the neighborhood's average construction year is 1981, and this asset's 1973 vintage is older than local norms—a profile that can support a value-add program (exteriors, interiors, and building systems) to sharpen competitive positioning versus newer stock.
Safety indicators are mixed. The neighborhood's crime rank sits below the metro median (154 out of 710), signaling elevated incidents relative to many Tampa neighborhoods, while overall crime positioning is roughly mid-pack nationally. Notably, both property and violent offense rates have declined over the past year, a positive directional trend that investors may monitor for persistence. As always, safety conditions can vary block to block; compare submarket and property-level patterns over time when underwriting.
Proximity to finance, insurance, and healthcare offices supports a steady commuter renter base and can aid retention through commute convenience. Notable nearby employers include Raymond James, MetLife, Wellcare, Wellcare Health Plans, and Cardinal Health.
- Raymond James — finance (4.2 miles)
- MetLife Insurance Company — insurance (5.9 miles)
- Wellcare — healthcare services (6.9 miles)
- Wellcare Health Plans — healthcare plans (7.0 miles) — HQ
- Cardinal Health — healthcare distribution (13.6 miles)
This 80-unit, 1973-vintage asset aligns with a classic value-add profile in an Inner Suburb location where neighborhood occupancy trends are competitive within the Tampa-St. Petersburg-Clearwater metro. Essential retail access is a standout strength, and the surrounding 3-mile area shows ongoing population and household growth, expanding the tenant base and supporting leasing stability.
According to CRE market data from WDSuite, rents in the surrounding area have trended upward and are projected to continue rising, while a majority-renter housing landscape suggests depth of demand. Investors should balance these positives against affordability pressure in parts of the neighborhood and plan for capital improvements consistent with a 1970s vintage to capture renovation-driven upside.
- Competitive neighborhood occupancy supports stable leasing
- Strong everyday amenities (top-tier grocery and pharmacy access) aid retention
- 3-mile population and household growth expand the renter pool
- 1973 vintage presents value-add and systems-upgrade potential
- Risks: below-metro-median safety in parts of the neighborhood and affordability pressure call for disciplined leasing and capex planning