| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Poor |
| Demographics | 40th | Fair |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Seabreeze Dr, Inglis, FL, 34449, US |
| Region / Metro | Inglis |
| Year of Construction | 1994 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Seabreeze Dr, Inglis, FL Multifamily Investment
Neighborhood occupancy trends appear steady and renter demand is supported by household growth in the area, according to WDSuite’s CRE market data.
Located in Inglis within the Gainesville, FL metro, the property sits in a rural neighborhood rated C+ and ranked 69 out of 114 metro neighborhoods. At the neighborhood level, occupancy is measured at the neighborhood scale (not the property) and trends as above metro median over the last five years, suggesting stable leasing conditions relative to similar locales.
Livability is driven by everyday needs rather than dense retail: grocery access ranks above the metro median (31 of 114), and parks access is similarly above the metro median (22 of 114). Cafes and pharmacies are sparse, which is typical for rural nodes and should be factored into resident convenience expectations and marketing positioning.
Construction year for the asset is 1994 versus a neighborhood average vintage around 1980. Being newer than much of the surrounding stock can support competitive positioning versus older assets, though investors should plan for ongoing systems modernization and selective renovations as part of long-term capital planning.
Tenure data indicates about 21% of housing units are renter-occupied at the neighborhood level, pointing to a modest but present renter base. Within a 3-mile radius, population and households have expanded in recent periods, and forecasts indicate additional household growth ahead. This enlarges the local tenant pool and can support occupancy stability and renewal performance for well-managed multifamily properties.
Home values in the neighborhood are on the lower side for the metro, and rent-to-income is in the top quartile nationally. For investors, that combination typically translates into manageable affordability pressure, aiding lease retention, while acknowledging that more accessible ownership options may soften pricing power at the margin.
WDSuite does not provide a neighborhood-level crime rank or national percentile for this location in the current release. In the absence of quantified safety metrics, investors typically benchmark against county and metro trends and incorporate on-the-ground diligence. Use a comparative, time-series view during underwriting to understand whether reported incidents are improving or deteriorating relative to Gainesville-area neighborhoods.
This 38-unit, 1994-vintage property offers relative competitiveness versus older neighborhood stock while benefiting from a growing local renter pool within a 3-mile radius. Neighborhood-level occupancy has trended steadily, and rent-to-income sits in the top quartile nationally, supporting retention and cash flow consistency. Based on CRE market data from WDSuite, area amenities are service-oriented rather than dense, which aligns with workforce housing positioning and pragmatic renter expectations.
Forward-looking household growth indicates additional demand depth, while the neighborhood’s lower home values suggest ongoing reliance on rental housing for a meaningful share of residents. Key underwriting items include rural amenity density, transportation convenience, and measured capital planning for mid-life systems and interior updates to sustain competitiveness.
- 1994 vintage offers competitive edge versus older neighborhood stock with targeted modernization upside
- Neighborhood-level occupancy trends and expanding 3-mile renter pool support leasing stability
- Top-quartile rent-to-income nationally underpins retention and day-to-day affordability management
- Rural setting with limited café/pharmacy density requires tailored marketing and convenience messaging
- Risk: accessible ownership options may temper pricing power; plan for disciplined revenue management