| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 63rd | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6911 Interbay Blvd, Tampa, FL, 33616, US |
| Region / Metro | Tampa |
| Year of Construction | 1984 |
| Units | 28 |
| Transaction Date | 2015-11-12 |
| Transaction Price | $13,415,000 |
| Buyer | PACIFICA INTERBAY LLC |
| Seller | WEST INTERBAY I INC |
6911 Interbay Blvd Tampa Multifamily Opportunity
Neighborhood occupancy sits in the low‑90s and has edged higher over the past five years, supporting stable renter demand according to WDSuite’s CRE market data. Positioning near Tampa job nodes adds depth to the tenant base without relying on premium pricing.
Located in an Inner Suburb of Tampa (neighborhood rating C+), the area shows above metro median occupancy for its peer set (rank 301 of 710 neighborhoods) and a high share of renter‑occupied housing (rank 56 of 710; top quartile nationally), indicating a sizable and active tenant pool for smaller unit formats.
Neighborhood home values trend above national norms (top quartile nationally) while the neighborhood rent-to-income ratio remains moderate (national percentile around 30), a mix that can support lease retention and measured pricing power rather than outsized concessions. Median asking rents benchmark mid‑market nationally, per commercial real estate analysis using WDSuite data.
Housing stock in the surrounding neighborhood skews newer than much of the metro (average construction year ranks 44 of 710), which sets competitive expectations for finishes. By contrast, this property’s 1984 vintage may present value‑add opportunities through targeted interior and systems upgrades to narrow the gap with newer comparables.
Immediate walkable amenities within the defined neighborhood are limited (amenity ranks near the bottom of 710 metro neighborhoods), so residents typically leverage nearby corridors for groceries, pharmacies, and dining. For investors, this favors car‑oriented renters and workforce households over purely lifestyle-driven demand.
Demographic indicators aggregated within a 3‑mile radius point to a growing renter base: population and households have increased in recent years with projections for further growth and smaller average household sizes by 2028. Rising median incomes in this radius expand the ceiling for quality renovations while supporting occupancy stability in professionally managed assets.
Safety metrics are mixed relative to peers. The neighborhood’s overall crime rank sits in the lower half of the Tampa metro (rank 288 of 710 neighborhoods), suggesting higher reported incidents than the metro median, while property‑crime levels trend around the national middle and recent data indicate a modest year‑over‑year decline. Violent‑crime measures track below the national median and have shown some recent volatility. Investors typically address this profile through lighting, access control, and resident screening to support retention without overreliance on concessions.
Proximity to major employers strengthens the workforce renter pool and supports lease stability, with nearby roles spanning electronics, healthcare distribution, financial services, managed care, and IT distribution.
- Jabil Circuit — electronics manufacturing (8.5 miles) — HQ
- Cardinal Health — healthcare distribution (9.2 miles)
- Raymond James Financial — financial services (9.7 miles) — HQ
- Wellcare Health Plans — managed care (11.4 miles) — HQ
- Tech Data — IT distribution (12.6 miles) — HQ
This 28‑unit asset with smaller average unit sizes positions well for value‑oriented renters and single occupants, aligning with the neighborhood’s high renter‑occupied share. According to CRE market data from WDSuite, neighborhood occupancy trends in the low‑90s and home values are elevated relative to national norms—conditions that typically sustain renter reliance on multifamily housing and support steady leasing.
Built in 1984, the property is older than the neighborhood’s generally newer housing stock, pointing to clear value‑add pathways through interior refreshes and targeted systems work to sharpen competitive standing. Within a 3‑mile radius, population and household growth, rising incomes, and a shift toward smaller households expand the potential renter pool, while proximity to diversified employers underpins demand from commuting tenants.
- High renter concentration and above‑median neighborhood occupancy support demand depth and leasing stability.
- 1984 vintage offers value‑add upside versus newer nearby stock through targeted renovations.
- 3‑mile radius shows population, household, and income growth, expanding the tenant base over the medium term.
- Access to major employers supports workforce demand and retention without premium rent positioning.
- Risks: limited immediate amenities and a mixed safety profile may require enhanced on‑site management and measured rent growth assumptions.