| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 62nd | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 110 Dixie Dr, Tallahassee, FL, 32304, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1980 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
110 Dixie Dr Tallahassee Multifamily Investment
Renter demand is deep in this inner-suburban pocket, with high renter concentration supporting leasing velocity, according to WDSuite’s CRE market data. The key investor takeaway is durable tenant depth balanced by active lease management needs.
Located in Tallahassee’s inner suburbs, the neighborhood scores an A rating and is competitive among Tallahassee neighborhoods (14 of 143). Amenity access is a standout, with strong proximity to grocery, cafes, pharmacies, and restaurants, which can support retention and day-to-day convenience for residents. Parks and childcare are thinner locally, so family-oriented appeal may hinge more on private offerings or nearby alternatives.
Renter-occupied housing is prevalent (among the highest shares in the metro and strong nationally), indicating a large tenant base and consistent leasing activity for multifamily assets. Neighborhood rents track near metro middle ranges, while occupancy is below national norms; together this points to steady demand but a need for hands-on marketing and renewals to sustain performance through seasonal swings.
Construction vintage in the area averages mid-1980s, while the subject property was built in 1980. The slightly older vintage suggests potential value-add through unit and system updates, helping the asset compete against newer stock and capture rent premiums where upgrades align with renter preferences.
Demographics within a 3-mile radius skew younger, with a large 18–34 population and modest household sizes. Population and households have expanded in recent years, and forecasts call for additional household growth by 2028, supporting a larger tenant base and occupancy stability for well-positioned units. Median household incomes remain lower than national levels, so pricing strategy should balance achievable rent growth with retention risk.
Safety indicators trend weaker than national averages, with the neighborhood falling in lower national percentiles for both property and violent offenses. Recent year-over-year changes indicate increases, suggesting investors should underwrite for prudent security measures, lighting, and access controls, and monitor citywide trends for directional improvement.
Compared with other Tallahassee areas, the neighborhood sits below stronger-performing subareas on safety metrics. For multifamily operations, this typically means emphasizing on-site management presence, resident screening, and partnership with local safety resources to support retention and protect NOI.
110 Dixie Dr offers a scale-efficient 36-unit footprint in a renter-heavy pocket where amenity access is a clear strength. Based on CRE market data from WDSuite, the area’s renter concentration and A-rated neighborhood standing support demand depth, while occupancy runs below national norms, calling for active leasing and renewal strategies. With a 1980 construction year versus the neighborhood’s mid-1980s average, the asset presents value-add potential through targeted renovations and system upgrades to improve competitive positioning.
Demographics within a 3-mile radius point to a sizeable young-adult population, recent growth in households, and forecasts for continued expansion through 2028—factors that can enlarge the renter pool and sustain lease-up velocity for well-maintained units. At the same time, lower local incomes and rent-to-income readings imply affordability pressure, so operators should focus on unit mix optimization, amenity-light efficiency, and renewal management to balance rent growth with retention.
- Renter-heavy neighborhood and amenity access support demand depth and leasing velocity.
- 1980 vintage offers value-add upside via interior upgrades and selective system refresh.
- Household growth within 3 miles expands the tenant base and supports occupancy.
- Operational focus: below-national occupancy norms require proactive marketing and renewals.
- Risks: affordability pressure and safety metrics below national averages warrant conservative underwriting.