| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 42nd | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1600 Baldwin Park Dr, Tallahassee, FL, 32304, US |
| Region / Metro | Tallahassee |
| Year of Construction | 2008 |
| Units | 82 |
| Transaction Date | 2005-11-30 |
| Transaction Price | $1,992,000 |
| Buyer | SAR TALLAHASSEE II LLC |
| Seller | ALL PRO VILLA SAN MICHELE LLLP |
1600 Baldwin Park Dr Tallahassee Multifamily Investment
2008 construction and a renter-oriented location point to durable demand relative to older stock nearby, with leasing supported by a large 18–34 renter pool. Neighborhood fundamentals and rent positioning are directionally favorable according to WDSuite’s CRE market data.
This Inner Suburb neighborhood carries a B- rating and is positioned "above metro median" overall (rank 78 of 143 metro neighborhoods). Parks access is a local strength (rank 11 of 143; top quartile nationally), while restaurants are competitive among Tallahassee neighborhoods (rank 36 of 143). Café, childcare, and pharmacy density are limited (each ranked near the bottom of 143), suggesting residents rely on a broader trade area for daily services.
The neighborhood’s renter-occupied share is high (51.8%), ranking 25 of 143 — top quartile in the metro — indicating a deep tenant base for multifamily. By contrast, neighborhood occupancy is softer (rank 100 of 143), so lease-up and retention may require attentive asset management and pricing discipline. Median contract rents sit in the lower half of the metro (rank 57 of 143) with a moderate rent-to-income ratio, supporting a value-oriented positioning that can help sustain occupancy.
Within a 3-mile radius, demographics skew young (over half ages 18–34), and households are projected to grow meaningfully through 2028 alongside rising incomes, expanding the local renter pool. These trends, based on multifamily property research from WDSuite, support demand for well-managed units and steady leasing velocity.
For families, average school ratings in the neighborhood trail regional norms, which may temper demand from school-driven renters. Home values are relatively lower versus national benchmarks, which can introduce some competition from ownership alternatives; however, a sizable renter concentration and expanding household counts reinforce multifamily demand and lease stability.
Neighborhood safety indicators trend mixed. Relative to U.S. neighborhoods, safety sits below the national median, but the metro positioning is comparable to many Tallahassee peers (crime rank 41 of 143). Importantly, violent offense trends have improved year over year (strong improvement ranking nationally), which suggests momentum rather than a deterioration in conditions.
For investors, this points to standard risk management considerations — lighting, access control, and community engagement — while monitoring ongoing trendlines. Interpreting local data in context is key: improvements over the last year are constructive, yet performance remains below national medians, warranting prudent underwriting and operations oversight.
Built in 2008, the property is newer than the neighborhood average, which can enhance competitive positioning versus older stock while limiting near-term capital exposure to core systems. The submarket shows a deep renter base and expanding households within 3 miles, supporting occupancy stability and ongoing demand for well-managed units. According to CRE market data from WDSuite, neighborhood rents sit in the lower half of the metro, aligning this asset for value-oriented leasing where pricing discipline can drive retention.
Investor focus points include a young, renter-heavy population that supports leasing depth, a park-rich location, and value positioning that can sustain traffic even as ownership remains comparatively accessible. Risks include neighborhood occupancy that trails stronger Tallahassee pockets, service amenity gaps (limited cafés/pharmacies), and safety metrics below national medians despite recent improvement. Active management, targeted upgrades, and thoughtful rent setting can help capture demand and mitigate churn.
- 2008 vintage offers relative competitiveness versus older nearby stock, with potential to limit near-term systems capex.
- Large renter base and projected household growth within 3 miles support leasing depth and occupancy stability.
- Value-oriented rent positioning can drive retention and steady absorption in a cost-conscious tenant market.
- Park access and neighborhood connectivity aid livability, offsetting limited café/pharmacy density.
- Risks: neighborhood occupancy below stronger submarkets and safety metrics below national medians require proactive operations.