| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 93rd | Best |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2301 W Palm Dr, Tampa, FL, 33629, US |
| Region / Metro | Tampa |
| Year of Construction | 2012 |
| Units | 69 |
| Transaction Date | 2014-07-31 |
| Transaction Price | $24,200,000 |
| Buyer | American Realty Capital Healthcare Trust II |
| Seller | GWI Investments, Inc. |
2301 W Palm Dr Tampa 2012 Multifamily Investment
Positioned in an amenity-rich South Tampa neighborhood with above-average renter concentration, the area s neighborhood occupancy has trended upward over the past five years, according to WDSuite s CRE market data. High-income households and strong local services support durable renter demand at the neighborhood level.
This Inner Suburb pocket of Tampa ranks competitively among the metro s 710 neighborhoods for overall quality, with strong lifestyle fundamentals that tend to sustain multifamily demand. Restaurants and cafes are plentiful and parks density is among the top quartile nationally, while immediate pharmacy access is limited within the neighborhood footprint. Median home values in the area are elevated relative to national norms, which generally reinforces reliance on rental options and can aid lease retention.
Construction in the surrounding neighborhood skews older on average, and this 2012-vintage, 69-unit property stands newer than much of the local stock. Newer construction typically offers a more competitive finish level and building systems, while investors should still plan for periodic modernization to maintain positioning against both new deliveries and renovated legacy assets.
Renter-occupied share at the neighborhood level sits above national norms, indicating a meaningful tenant base for multifamily product. Within a 3-mile radius, recent population and household growth and a forecasted increase in both through 2028 point to a larger renter pool over time, supporting occupancy stability and leasing velocity for well-positioned assets.
Local incomes are high relative to the U.S., and neighborhood rent-to-income levels remain manageable, which can support pricing power without unduly heightening retention risk. Amenity access, parks, and proximity to employment cores further strengthen the area s competitive standing among Tampa neighborhoods, based on commercial real estate analysis from WDSuite.
Safety indicators are mixed when viewed nationally: overall crime metrics sit below the national median, while property offense levels compare somewhat better than violent offense measures. Recent data show a year-over-year decline in property offenses alongside an uptick in violent offense rates, according to WDSuite s CRE market data. Investors should underwrite with standard security measures and tenant-experience practices and compare trends to peer submarkets across the Tampa metro.
At the neighborhood level, conditions are broadly consistent with an inner-suburban environment adjacent to major employment and entertainment nodes. Monitoring trend direction and on-the-ground management practices will be important to sustain leasing and resident satisfaction.
Proximity to major employers supports commuter convenience and a stable renter base, with notable corporate offices and headquarters within an approximately 8 7 mile radius. The list below highlights nearby anchors most relevant to workforce housing demand.
- Cardinal Health corporate offices (8.1 miles)
- Wellcare Health Plans corporate offices (8.4 miles) HQ
- Jabil Circuit corporate offices (10.8 miles) HQ
- Raymond James Financial corporate offices (11.6 miles) HQ
- Tech Data corporate offices (13.7 miles) HQ
2301 W Palm Dr offers a 2012-vintage, 69-unit footprint in a high-income, amenity-forward South Tampa neighborhood where renter concentration is above national norms. Elevated home values in the immediate area point to a high-cost ownership market, which can support sustained multifamily demand and lease retention. According to CRE market data from WDSuite, the neighborhood s occupancy trend has improved over the past five years, and strong parks and dining density further enhance the location s competitive position among Tampa neighborhoods.
Forward-looking demographics within a 3-mile radius indicate continued population and household growth through 2028, expanding the local tenant base. While safety indicators are mixed and immediate pharmacy access is limited, the property s newer vintage relative to much of the surrounding housing stock provides a competitive edge, with scope for targeted upgrades to maintain market positioning.
- 2012 construction competes well versus older neighborhood stock; plan selective updates to sustain positioning
- High-income, amenity-rich location with strong parks and dining density supports leasing and retention
- Elevated ownership costs locally reinforce reliance on rentals, aiding demand depth
- 3-mile demographics point to population and household growth, expanding the renter pool
- Risks: mixed safety trends and limited immediate pharmacy access merit active management