| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 87th | Best |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2600 N Rocky Point Dr, Tampa, FL, 33607, US |
| Region / Metro | Tampa |
| Year of Construction | 1998 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | $1,466,600 |
| Buyer | PBC APARTMENTS LLC |
| Seller | BROTHERS RAILYARD CORP |
2600 N Rocky Point Dr Tampa Multifamily Investment
Renter concentration is high and neighborhood occupancy has trended up, suggesting steady tenant demand according to WDSuite’s CRE market data. Positioned near major corporate employment hubs, the property benefits from commute convenience and a high-cost ownership market that supports sustained leasing.
Located in Tampa’s Inner Suburb cluster around Rocky Point, the property sits in a neighborhood rated A and ranked 30 out of 710 across the Tampa–St. Petersburg–Clearwater metro. That places it competitive among metro neighborhoods, with a local occupancy environment that has improved over the past five years and stands above the metro median, based on CRE market data from WDSuite.
The area shows a high share of renter-occupied housing (about 70% of units), indicating a deep tenant base and support for multifamily leasing durability. Median household incomes in the neighborhood are strong relative to national norms, while the neighborhood rent-to-income profile points to manageable affordability pressure—factors that can aid retention and reduce turnover risk.
Local livability is anchored by waterfront access and recreation; park access benchmarks near the top of national comparisons, and restaurant density is similarly strong. However, cafes, grocers, and pharmacies are sparse within the immediate neighborhood, so residents typically draw on nearby retail nodes for daily needs—an operational consideration for marketing and resident services.
With an average neighborhood construction year around 1989, a 1998 vintage positions this asset newer than much of the surrounding stock. That can support competitive positioning versus older comparables, though investors should still plan for system modernization and selective renovations to meet current renter expectations.
Within a 3-mile radius, population and household counts have grown over the past five years, and forecasts show continued household expansion alongside smaller average household sizes. This points to a larger renter pool and supports occupancy stability, while elevated home values in the neighborhood reinforce renter reliance on multifamily housing rather than ownership.
Neighborhood safety indicators are generally around or slightly better than national averages, with recent data showing year-over-year improvement in violent offense rates. In practical terms, this places the area in a competitive position among metro peers without signaling extreme outperformance or elevated risk, and the improving trend supports leasing confidence.
Proximity to major corporate offices supports a strong commuter renter base and can aid retention through shorter travel times. The nearby employment mix spans healthcare, financial services, electronics manufacturing, and technology distribution.
- Wellcare Health Plans — healthcare (4.9 miles) — HQ
- Raymond James Financial — financial services (8.0 miles) — HQ
- Jabil Circuit — electronics manufacturing (8.1 miles) — HQ
- Tech Data — technology distribution (9.0 miles) — HQ
This 24-unit, 1998-vintage asset aligns with a neighborhood that ranks among the stronger submarkets in the Tampa–St. Petersburg–Clearwater metro, supported by rising occupancy and a high share of renter-occupied housing units. Elevated neighborhood home values signal a high-cost ownership market that tends to sustain rental demand, while the rent-to-income profile indicates manageable affordability pressure that can support retention. According to CRE market data from WDSuite, local amenity strengths skew toward parks and dining, with daily-needs retail thinner in the immediate area but accessible in adjacent nodes.
Within a 3-mile radius, recent population and household growth—and a forecasted increase in households alongside smaller household sizes—suggest a growing renter pool. Against older nearby stock, the 1998 vintage offers relative competitiveness, though investors should plan for ongoing system updates and targeted upgrades to maintain leasing velocity and meet current renter expectations.
- Competitive Inner Suburb location with improving neighborhood occupancy and deep renter base
- High-cost ownership market reinforces demand for rentals and supports pricing power
- Household growth within 3 miles and smaller household sizes expand the renter pool
- 1998 vintage is newer than neighborhood average, with value-add via modernization
- Risks: thinner daily-needs retail in the immediate area and routine capex for aging systems