| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 80th | Best |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6504 Camden Bay Dr, Tampa, FL, 33635, US |
| Region / Metro | Tampa |
| Year of Construction | 2001 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | $3,400,000 |
| Buyer | CAMDEN SUBSIDIARY INC |
| Seller | MARINA POINT TAMPA DEVELOPMENTS LTD |
6504 Camden Bay Dr Tampa Multifamily Investment
Neighborhood-level occupancy remains strong and renter demand is deep, according to WDSuite’s CRE market data, with stability supported by an estimated 75.8% renter-occupied housing share and above-metro occupancy. This supports pricing discipline for a 2001-vintage asset amid steady regional fundamentals informed by commercial real estate analysis.
Located in Tampa’s Urban Core, the property benefits from a neighborhood that is rated A- and ranks 108 out of 710 within the Tampa-St. Petersburg-Clearwater metro, indicating performance that is competitive among Tampa neighborhoods. Neighborhood-level occupancy is high at roughly 97.1%, suggesting durable leasing conditions, while the renter-occupied share of housing units is an estimated 75.8%, signaling a deep tenant base for multifamily.
Within a 3-mile radius, population and households have expanded, with households up about 11% since the former period and additional growth projected, which points to a larger tenant base and supports occupancy stability. Median household incomes have trended higher locally, and neighborhood-level rents sit above national norms, reinforcing investability for professionally managed units. For ownership context, elevated home values relative to income indicate a high-cost ownership market, which can sustain reliance on rental housing and support lease retention.
Daily needs access is serviceable: grocery presence ranks above most neighborhoods nationally, and restaurant density is strong compared with U.S. norms. However, parks, cafes, and childcare options are comparatively sparse in the immediate neighborhood, which may temper lifestyle appeal for some renter segments and should be considered in positioning and amenities programming.
The asset’s 2001 construction year is newer than the neighborhood’s average vintage (1987). This positioning can offer competitiveness versus older stock while still leaving room for selective modernization of systems and finishes to drive rent premiums and maintain leasing velocity as newer supply competes across the metro.
Safety indicators show mixed but generally favorable context. Nationally, the neighborhood aligns with stronger-than-average safety (both violent and property offense metrics are above the national median for safety), while recent year-over-year trends indicate declining estimated offense rates. Within the Tampa metro, crime ranks in a less favorable tier (ranked toward the higher-crime end among 710 neighborhoods), so investors should underwrite to neighborhood-level variation rather than block-level assumptions.
Taken together, the data suggest improving safety trends and a national profile that is above average, but with intra-metro differences that warrant standard operational measures such as lighting, access control, and resident engagement to support retention and reputation.
Proximity to major corporate employers supports a stable renter base and commute convenience for workforce and professional tenants. Key nearby employers include Wellcare Health Plans, Tech Data, Raymond James Financial, and Jabil Circuit.
- Wellcare Health Plans — healthcare plans HQ (4.2 miles) — HQ
- Tech Data — technology distribution (8.5 miles) — HQ
- Raymond James Financial — financial services (8.9 miles) — HQ
- Jabil Circuit — electronics manufacturing (9.8 miles) — HQ
This 30-unit, 2001-vintage asset sits in a neighborhood with high occupancy and a sizable renter-occupied share, supporting demand resilience and steady leasing. Within a 3-mile radius, household growth and rising incomes point to a larger tenant base and potential for measured rent positioning, while elevated ownership costs versus income help sustain reliance on rental housing. According to CRE market data from WDSuite, neighborhood-level occupancy is above national norms and local rents are comparatively high, which can support pricing power if paired with appropriate finishes and operations.
The asset’s newer-than-average vintage offers competitive positioning against older stock, with selective value-add potential through modernization to capture premiums. Consider modest risks: amenity gaps (parks/cafes/childcare) may influence tenant preferences, and intra-metro safety rankings suggest maintaining robust management practices. Forecasts within 3 miles indicate continued population and household expansion, supporting long-term renter demand, though shifts in tenure mix should be monitored in underwriting.
- High neighborhood occupancy and deep renter base support leasing stability
- 2001 construction provides competitive positioning with targeted value-add upside
- Elevated ownership costs bolster reliance on rentals, aiding retention and pricing power
- Nearby corporate employers underpin workforce demand and reduce commute frictions
- Risks: amenity gaps and intra-metro safety variation require active management and underwriting discipline