| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 60th | Good |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9902 Brompton Dr, Tampa, FL, 33626, US |
| Region / Metro | Tampa |
| Year of Construction | 2001 |
| Units | 26 |
| Transaction Date | 2014-05-13 |
| Transaction Price | $122,500,000 |
| Buyer | WEST PARK VILLAGE OWNER LLC |
| Seller | HILLSBOROUGH WEST PARK LLC |
9902 Brompton Dr, Tampa FL — 26-Unit Suburban Multifamily
Neighborhood occupancy is strong and renter demand appears durable, according to WDSuite’s CRE market data, suggesting stable cash flow potential in a suburban setting with established tenant depth.
Positioned in an Inner Suburb of Tampa-St. Petersburg-Clearwater, the neighborhood rates a B and ranks 264 out of 710 neighborhoods, indicating it is competitive among metro peers. Neighborhood occupancy stands at 96.4% with a national percentile of 79, pointing to above-average stability for investors evaluating leasing risk. Median household income ranks 205 of 710 (67th national percentile), supporting purchasing power for rent levels common to this part of the metro.
Amenities are mixed: restaurants and cafes are dense relative to peers (93rd and 95th national percentiles), while grocery, park, and pharmacy counts within the neighborhood footprint are limited. For investors, this creates a trade-off—strong dining/coffee convenience that supports lifestyle appeal, with some daily-needs trips likely occurring in adjacent corridors. Median home values sit near national mid-range, which can temper rent spikes yet support steady demand for quality rentals as households weigh cost, commute, and convenience.
Renter-occupied housing comprises roughly half of neighborhood units (50.8%), indicating meaningful renter concentration and a broad tenant base. Rent-to-income sits at 0.25 by neighborhood measures, suggesting manageable affordability pressure that can aid retention, though it may moderate near-term pricing power compared with tighter submarkets.
Within a 3-mile radius, WDSuite’s demographics indicate population growth over the last five years and a projected increase in households through 2028, alongside a modest decline in average household size. For multifamily, a rising household count and slightly smaller households point to a larger tenant base and support for occupancy stability. The property’s 2001 construction is slightly older than the neighborhood average vintage (2004), which may offer value-add potential through targeted modernization while remaining competitive against similar suburban stock.
Neighborhood safety trends are favorable versus the metro and roughly middle-of-the-pack nationally. The area’s crime rank is 52 out of 710 within Tampa-St. Petersburg-Clearwater, placing it well above the metro median, while national percentiles for violent and property offenses sit around the mid-range. Recent year-over-year declines in both violent and property offenses, according to WDSuite’s CRE market data, suggest an improving local trend rather than a one-off result.
For investors, this profile indicates a comparatively resilient safety position within the metro that aligns with stable suburban renter demand, with national comparisons signaling typical risk management and operational practices should suffice.
- Wellcare Health Plans — healthcare services (3.0 miles) — HQ
- Raymond James — financial services offices (6.7 miles)
- Tech Data — technology distribution (10.8 miles) — HQ
- Raymond James Financial — financial services (11.4 miles) — HQ
- Jabil Circuit — electronics manufacturing (12.3 miles) — HQ
Nearby corporate hubs anchor a diversified white-collar employment base that supports renter demand and retention; key nodes include Wellcare Health Plans, Raymond James, Tech Data, Raymond James Financial, and Jabil Circuit.
This 26-unit asset in Tampa’s inner-suburban setting benefits from neighborhood occupancy that ranks in the top quintile nationally and a renter concentration around half of local units—both supportive of demand depth and lease-up durability. Within 3 miles, household counts have grown and are projected to increase further by 2028 as average household size edges lower, a combination that typically expands the renter pool and supports consistent absorption. According to commercial real estate analysis from WDSuite, rent-to-income levels indicate manageable affordability pressure, aiding retention even if it moderates near-term pricing power.
Built in 2001, the property is slightly older than the neighborhood’s early-2000s average vintage, creating a clear value-add path via selective interior and systems updates to strengthen competitive positioning. Balanced ownership costs nearby can introduce some competition from for-sale options, but strong employment access and steady suburban fundamentals should continue to underpin occupancy and renewal performance.
- High neighborhood occupancy and broad renter base support leasing stability
- 3-mile household growth and smaller household sizes expand the tenant pool
- 2001 vintage offers value-add potential through targeted modernization
- Proximity to major employers supports retention and consistent demand
- Risks: some competition from homeownership and limited daily-needs amenities within the immediate footprint