| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 68th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7955 16th Mnr, Vero Beach, FL, 32966, US |
| Region / Metro | Vero Beach |
| Year of Construction | 2003 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7955 16th Mnr, Vero Beach FL Multifamily Investment
Positioned in a suburban pocket of Vero Beach, the asset benefits from steady renter demand and comparatively strong neighborhood incomes, according to WDSuite’s CRE market data.
This suburban neighborhood in the Sebastian–Vero Beach metro skews residential with limited on-block retail and parks, so residents typically rely on nearby corridors for daily needs. The neighborhood’s overall rating sits in the C+ range, and it ranks 27 out of 41 metro neighborhoods, placing it below the metro median but with stable housing fundamentals for investors tracking cashflow durability.
Neighborhood occupancy is competitive among Sebastian–Vero Beach neighborhoods (ranked 14 of 41), suggesting a reasonably stable leasing backdrop even as amenity density is thin. Median contract rents in the neighborhood are high relative to both the metro and many U.S. neighborhoods (top tier nationally), indicating pricing power for well-positioned properties, though lease management should account for affordability pressure.
Within a 3-mile radius, demographics point to an older-skewing population with recent growth in both population and households and further increases projected, supporting a larger tenant base over time. Renter-occupied housing shares are lower than owner-occupied in this area, implying a thinner but consistent renter pool; investors should underwrite demand depth accordingly while noting that sustained household growth supports occupancy stability.
Ownership costs locally are moderate in the regional context, which can introduce some competition with for-sale options; however, elevated neighborhood-level rents and rising household incomes support retention for quality units. The property’s 2003 vintage is newer than the neighborhood average (1999), which can be a competitive advantage versus older stock, while investors should still plan for modernization of systems typical of early-2000s construction.
Safety indicators are comparatively favorable versus many U.S. neighborhoods, with the area scoring in the upper half nationally. Within the Sebastian–Vero Beach metro, the neighborhood ranks 11 out of 41 for crime, which is competitive among metro neighborhoods rather than top-tier. Recent data also show a pronounced year-over-year improvement in violent offense rates and a modest improvement in property offenses, signaling a positive trend investors can track over subsequent periods.
As always, safety conditions vary by block and over time. Investors should evaluate property-level measures and monitor city and county reporting to confirm that recent improvements persist.
Proximity to logistics and aerospace/defense employers supports workforce housing demand and commute convenience for residents, with the following anchors within driving range.
- CVS Distribution Center — logistics/distribution (2.7 miles)
- Harris — aerospace & defense (32.9 miles) — HQ
This 120-unit, early-2000s asset offers a balanced cashflow profile in a suburban Vero Beach location where neighborhood occupancy is competitive among metro peers and neighborhood-level rents sit near the high end for the region. The 2003 construction provides relative competitiveness versus older stock, while investors should plan for targeted modernization to sustain rent positioning over the hold period.
Population and household growth within a 3-mile radius expand the renter pool, supporting leasing stability, and proximity to logistics and aerospace employers underpins retention for working households. Based on commercial real estate analysis from WDSuite, neighborhood rents and income levels suggest room for disciplined revenue management, with underwriting attention to affordability and the area’s lower renter concentration.
- Competitive neighborhood occupancy among 41 metro areas supports stable leasing
- 2003 vintage offers an edge versus older stock with targeted modernization upside
- Expanding 3-mile population and households increase the tenant base over time
- Employer access (logistics and aerospace) supports workforce demand and retention
- Risks: lower amenity density nearby, affordability pressure, and a smaller renter-occupied share vs. owners