| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 87th | Best |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3095 N Rocky Point Dr E, Tampa, FL, 33607, US |
| Region / Metro | Tampa |
| Year of Construction | 1997 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | $3,521,900 |
| Buyer | POST APARTMENT HOMES L P |
| Seller | CENTENNIAL HOMES INC |
3095 N Rocky Point Dr E Tampa Multifamily
Renter demand in the surrounding neighborhood is deep and occupancy has held above the metro median, according to WDSuite’s CRE market data. This points to durable leasing fundamentals rather than short-term volatility for investors evaluating this location.
Located in Tampa’s Inner Suburb fabric, the neighborhood scores A and ranks 30 out of 710 metro neighborhoods—competitive among Tampa–St. Petersburg–Clearwater locations for multifamily investors. Restaurants index strong (top quartile nationally), while parks access also rates high; by contrast, cafes, groceries, and pharmacies are limited locally, suggesting residents rely on nearby submarkets for some daily needs.
The housing stock trends newer than much of the metro, and this property’s 1997 vintage positions it competitively versus older inventory from the 1980s. Investors should still plan for system updates typical of late-1990s construction to maintain positioning against ongoing deliveries and renovated comparables.
Tenure dynamics are favorable: the neighborhood’s share of renter-occupied housing units is among the highest locally, supporting a large tenant base and reinforcing demand depth for professionally managed assets. Neighborhood occupancy has been above the metro median, which can help underpin cash flow consistency through cycles.
Within a 3-mile radius, recent years show modest population growth alongside faster household growth and smaller average household size—conditions that generally expand the renter pool and support occupancy stability. Median incomes are strong for the metro, and the area functions as a high-cost ownership market by national context; elevated home values and a high value-to-income ratio tend to sustain renter reliance on multifamily housing. Rent-to-income levels track near manageable territory, supporting retention while still allowing disciplined pricing decisions.
Safety indicators are near the national midline overall, with the neighborhood performing slightly above the national average on aggregate crime metrics. Relative to the 710 Tampa–St. Petersburg–Clearwater neighborhoods, the area is competitive, and recent data show meaningful year-over-year declines in violent incidents, suggesting improving conditions.
As with most urban-adjacent areas, crime can vary by block and time of day; investors should calibrate onsite security, lighting, and access controls to property operations rather than rely solely on neighborhood averages.
Proximity to major employers supports workforce housing demand and commute convenience, with a concentration in healthcare services, financial services, electronics manufacturing, and IT distribution.
- Wellcare Health Plans — healthcare services (4.4 miles) — HQ
- Raymond James Financial — financial services (8.6 miles) — HQ
- Jabil Circuit — electronics manufacturing (8.8 miles) — HQ
- Tech Data — IT distribution (9.6 miles) — HQ
- Cardinal Health — healthcare distribution (13.8 miles)
This location combines a high renter-occupied housing share with above-median neighborhood occupancy, supporting leasing stability. The 1997 vintage offers relative competitiveness versus older submarket stock while leaving room for targeted modernization to drive rentability and retention. Elevated ownership costs locally, alongside strong household incomes, tend to sustain rental demand, while nearby Fortune 500 and large corporate employers deepen the tenant base.
Based on CRE market data from WDSuite, neighborhood rents benchmark high for the region and restaurants/parks access is strong, even as daily-needs retail in the immediate area is thinner—an operational consideration rather than a structural weakness. Within a 3-mile radius, household growth outpacing population growth points to smaller households and a broader renter pool, supporting occupancy management and steady renewal strategies.
- High renter concentration and above-median occupancy support durable demand
- 1997 vintage: competitive versus older stock with clear modernization upside
- Proximity to regional employers underpins leasing and retention
- Elevated ownership costs reinforce reliance on multifamily housing
- Risks: thinner immediate daily-needs retail, midline safety metrics, and potential future competition from rising ownership share in the broader 3-mile area