| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 88th | Best |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2021 N Lemans Blvd, Tampa, FL, 33607, US |
| Region / Metro | Tampa |
| Year of Construction | 2009 |
| Units | 69 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2021 N Lemans Blvd Tampa Multifamily Investment
Amenity-rich inner suburb with a high renter-occupied share supports steady leasing potential, according to WDSuite’s CRE market data for the surrounding neighborhood. Neighborhood occupancy and rent levels are referenced at the neighborhood scale, not the property.
Located in Tampa’s inner suburbs, the property sits in a neighborhood rated A+ and ranked 13th out of 710 metro neighborhoods — placing it in the top quartile nationally for overall fundamentals. Investors can expect strong consumer conveniences, with restaurants, groceries, parks, and pharmacies benchmarking well above national averages, which helps with tenant retention and leasing velocity.
Renter concentration is high, with a large share of housing units renter-occupied in this neighborhood, signaling depth in the tenant base and reinforcing demand for multifamily units. Neighborhood rents benchmark on the higher side relative to national norms, while rent-to-income levels indicate manageable affordability pressure, supporting renewal prospects and pricing discipline.
Within a 3-mile radius, demographics show a stable population today with forecasts pointing to population growth and a meaningful increase in households by the mid-term outlook. A rising household count typically expands the renter pool and supports occupancy stability for quality assets.
The average neighborhood construction vintage skews mid-1990s; this 2009 asset is newer than the surrounding stock. That positioning can reduce near-term capital needs versus older competitors while still leaving room for selective modernization to sharpen competitive edge.
Home values in the area are relatively accessible compared with higher-cost metros. That can introduce some competition from ownership options, but the neighborhood’s high renter-occupied share and strong amenity access suggest durable multifamily demand dynamics.
Safety indicators are mixed when benchmarked nationally. The neighborhood’s overall safety percentile sits below the national median, indicating higher reported crime than many U.S. neighborhoods, while within the Tampa–St. Petersburg–Clearwater metro it performs around the middle of 710 neighborhoods. Property-related incidents have declined over the past year, and violent incident trends were roughly flat, according to WDSuite’s data.
Investors should underwrite with standard operating assumptions for urban-adjacent Florida submarkets: emphasize lighting, access control, and resident engagement, and compare on-site security measures against peer assets to support retention and lease-up.
Nearby corporate employment anchors span healthcare, financial services, and technology distribution, supporting a commuter-friendly renter base and reinforcing weekday demand stability for workforce and professional tenants.
- Wellcare Health Plans — healthcare insurance (5.5 miles) — HQ
- Raymond James — financial services offices (9.1 miles)
- Jabil Circuit — electronics manufacturing (10.5 miles) — HQ
- Cardinal Health — healthcare distribution (10.7 miles)
- Tech Data — IT distribution (12.4 miles) — HQ
This 69-unit, 2009-vintage property benefits from an A+ neighborhood profile with strong amenity density and a high share of renter-occupied housing units, supporting leasing depth. Neighborhood rents benchmark on the higher side nationally, and rent-to-income levels indicate manageable affordability pressure, which can aid renewal rates and revenue stability, based on CRE market data from WDSuite.
Within a 3-mile radius, demographics show steady conditions today and forecasts for population growth and a sizable increase in households, expanding the renter pool over the medium term. Being newer than much of the surrounding stock positions the asset competitively versus 1990s-era properties, while targeted updates can further differentiate against older inventory.
- High renter-occupied concentration in the neighborhood supports demand depth and leasing stability.
- Amenity-rich location (food, groceries, parks, pharmacies) enhances retention and marketing appeal.
- 2009 vintage is newer than area averages, with potential for selective value-add to drive premiums.
- Forecast growth in households within 3 miles expands the renter pool and supports occupancy stability.
- Risks: below-median national safety metrics and relatively accessible ownership options may create competitive pressure; active management and targeted upgrades can mitigate.