| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Fair |
| Demographics | 44th | Fair |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 High Rd, Tallahassee, FL, 32304, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1998 |
| Units | 99 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1000 High Rd Tallahassee Renter-Dense Multifamily Investment
The surrounding neighborhood shows a very high share of renter-occupied housing, supporting tenant demand and lease stability, according to WDSuite’s CRE market data. Occupancy in the neighborhood has improved in recent years, pointing to steady leasing fundamentals.
Rated B and positioned above the metro median among 143 Tallahassee neighborhoods, this Inner Suburb location balances demand drivers with practical livability for renters. Neighborhood occupancy is below the metro median but trending upward over the last five years, which supports a case for stable leasing rather than rapid turnover.
Amenity access is mixed: restaurants are competitive for the metro and parks score in the top quartile nationally, while daily services like groceries, pharmacies, cafes, and childcare are limited within the immediate neighborhood. For investors, that combination can sustain evening and weekend traffic while relying on short drives for errands—common in student- and workforce-leaning areas of Tallahassee.
Rents in the neighborhood sit above the metro median and roughly near the national middle, suggesting pricing power that is supported more by local demand depth than by premium amenity density. Neighborhood income performance per unit is competitive among Tallahassee peers even if it tracks below national medians, indicating that operations can perform well locally with disciplined expense control.
Within a 3-mile radius, demographics skew young with a large 18–34 population share and recent growth in both population and households, with projections pointing to a larger tenant base by 2028. The renter concentration is high at both the neighborhood and 3-mile levels, which typically supports consistent absorption and renewals for professionally managed assets. Median home values are comparatively low for ownership, which can introduce some competition, but the local rent-to-income profile suggests careful lease management and renewals planning to balance affordability pressure with occupancy objectives.
Relative to the Tallahassee metro’s 143 neighborhoods, the area sits near the middle on crime ranking, indicating neither a standout risk nor a top-tier safety profile. Compared with neighborhoods nationwide, safety percentiles are below the national median, so investors should underwrite with prudent security and lighting measures typical for urban-adjacent assets.
Recent trends are mixed but constructive: estimated property offenses have declined year over year, while violent offense measures remain comparatively less favorable in national context. As always, align on-site practices with insurer guidance and monitor citywide and campus-adjacent trends rather than relying on block-level assumptions.
Built in 1998, the property is newer than much of the surrounding housing stock, which tends to be from the 1970s. That vintage positioning helps competitiveness on unit finishes and systems while leaving room for targeted upgrades to drive rent and retention without full repositioning. The immediate neighborhood exhibits a very high renter concentration and improving occupancy, and, according to CRE market data from WDSuite, rents price above the metro median but close to national mid-range levels—an alignment that favors steady absorption over speculative premiums.
Within a 3-mile radius, population and household growth, a large 18–34 cohort, and sustained renter share point to a durable tenant base. Restaurant and park access are strengths for day-to-day livability, while limited nearby groceries and pharmacies suggest the asset competes on value, management quality, and convenience to major corridors rather than on walkable retail. Underwriting should account for affordability pressure in the local rent-to-income profile and the need for ongoing operational vigilance on safety and lighting.
- 1998 vintage offers competitive positioning versus older neighborhood stock with selective upgrade potential
- High renter-occupied share supports deep tenant base and occupancy stability
- Rents above metro median but near national mid-range point to sustainable pricing and absorption
- Restaurants and parks are local strengths; limited daily services nearby favor management-driven retention
- Risks: affordability pressure (rent-to-income), below-national safety percentiles, and need for disciplined OPEX/security planning