| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 61st | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4410 N Hale Ave, Tampa, FL, 33614, US |
| Region / Metro | Tampa |
| Year of Construction | 1972 |
| Units | 66 |
| Transaction Date | 2021-09-29 |
| Transaction Price | $3,971,600 |
| Buyer | HALE PLACE LLC |
| Seller | ARCON PROPERTIES LLP |
4410 N Hale Ave, Tampa FL Multifamily Investment
Neighborhood fundamentals are competitive within the Tampa-St. Petersburg-Clearwater metro, and a high renter concentration supports depth of demand, according to WDSuite's CRE market data.
Situated in an inner-suburb pocket of Tampa, the neighborhood ranks 73 out of 710 metro neighborhoods, indicating it is competitive among Tampa-St. Petersburg-Clearwater neighborhoods. Dining and daily-needs retail are a strength, with restaurants and groceries scoring in the top quartile nationally, supporting resident convenience and lease retention.
The area skews renter-heavy at the neighborhood level (renter-occupied share of housing units is high), signaling a deeper tenant base for a 66-unit asset and helping sustain leasing velocity. Median home values are moderate relative to national norms, which can temper ownership pull and help sustain multifamily demand without over-reliance on rent concessions.
Occupancy for the neighborhood is measured at the neighborhood level and sits below national norms, suggesting operators should emphasize lead generation and renewals to maintain stability. At the same time, average NOI per unit is strong for the metro, and amenity access (parks, pharmacies, cafes) rates above the metro median, supporting long-run appeal.
Within a 3-mile radius, demographics show a stable population base with smaller average household sizes over time and forecasts calling for population growth and an increase in households by 2028. This points to renter pool expansion and supports demand for smaller-format units over the hold period, based on CRE market data from WDSuite.
Safety indicators are mixed. Compared with neighborhoods nationwide, this area sits below the national median for safety and ranks in the lower half among the 710 neighborhoods in the Tampa metro. Property offenses have decreased over the past year, while violent offenses ticked up modestly. Investors should underwrite with prudent security and lighting plans and monitor trends at the neighborhood level rather than block-by-block assumptions.
Proximity to healthcare, finance, and technology employers underpins workforce housing demand and commute convenience for renters, including Wellcare, Wellcare Health Plans, Raymond James, Jabil Circuit, and Tech Data.
- Wellcare — healthcare services (4.2 miles)
- Wellcare Health Plans — healthcare services (4.2 miles) — HQ
- Raymond James — financial services (7.6 miles)
- Jabil Circuit — electronics manufacturing (11.5 miles) — HQ
- Tech Data — IT distribution (12.8 miles) — HQ
4410 N Hale Ave offers exposure to a renter-oriented neighborhood that is competitive within the Tampa metro and supported by strong amenity access and a broad employment base nearby. The property’s 1972 construction suggests a potential value-add path through system upgrades and targeted renovations to enhance competitive positioning against slightly newer stock.
According to CRE market data from WDSuite, the neighborhood’s average NOI per unit is strong for the metro and restaurants/grocers rate well above national norms, aiding leasing visibility and retention. Within a 3-mile radius, population growth and an increase in households are projected by 2028, pointing to renter pool expansion even as operators should plan for active leasing in a submarket where neighborhood-level occupancy trends run softer and rent-to-income ratios indicate affordability pressure.
- Competitive neighborhood within Tampa metro with strong amenity access
- 1972 vintage presents value-add and systems-modernization potential
- Nearby healthcare, finance, and tech employers support workforce demand
- 3-mile forecasts indicate population and household growth, expanding the renter pool
- Risks: softer neighborhood-level occupancy, affordability pressure, and safety trends below national median