| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Poor |
| Demographics | 52nd | Fair |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2003 Flamingo Blvd, Bradenton, FL, 34207, US |
| Region / Metro | Bradenton |
| Year of Construction | 1975 |
| Units | 21 |
| Transaction Date | 2011-08-05 |
| Transaction Price | $64,000 |
| Buyer | GOLDMAN NEWCO I A LLC |
| Seller | BAYSHORE APARTMENTS OF MANATEE LIMITED P |
2003 Flamingo Blvd Bradenton Multifamily Investment
Inner-suburban Bradenton location with strong daily-needs access suggests durable renter appeal, according to WDSuite’s CRE market data. Neighborhood demand is supported by high grocery and cafe density, with near-term performance hinging on active management and asset-specific execution.
This Inner Suburb location balances everyday convenience with established housing stock. Nearby amenities are a relative strength: the neighborhood ranks 8th and 7th out of 218 metro neighborhoods for cafes and grocery stores per square mile, placing it in the top quartile nationally for both. Limited parks, childcare, and pharmacies in immediate proximity temper this convenience advantage, signaling that residents rely primarily on retail and services along key corridors rather than neighborhood greenspace.
The neighborhood’s renter-occupied share is moderate (about 30% of housing units), indicating a defined but not dominant renter base. At the broader 3-mile radius, renters account for roughly 36.8% of occupied housing, and households increased by 6% over the last five years while population edged down 2.8%. This pattern points to smaller household sizes and a gradually expanding tenant base, which generally supports occupancy stability for multifamily assets when operations are well-executed.
Rents and incomes at the 3-mile radius suggest a workforce housing profile. Median contract rent is $1,094 today with a forecast toward $1,555 by 2028, while the rent-to-income ratio in the neighborhood indicates some affordability pressure. For investors, this implies careful lease management and pricing discipline to sustain retention. Elevated grocery and cafe access can help with leasing velocity, but limited park and childcare options may narrow appeal for certain renter cohorts.
Construction in the immediate area skews older (average vintage 1969 across metro neighborhoods). The subject property’s 1975 vintage is slightly newer than the local average, but systems are still likely at ages where targeted capital projects and value-add upgrades can improve competitive positioning versus older stock.
Safety indicators are mixed and should be evaluated as part of underwriting. Within the North Port–Sarasota–Bradenton metro, this neighborhood ranks 217th out of 218 on crime measures, placing it below the metro median and below average nationally. Nationally benchmarked percentiles also indicate weaker safety performance relative to many neighborhoods.
Recent trend data show year-over-year increases in both violent and property offense estimates. For investors, this typically warrants practical measures such as lighting, access control, and partnership with local management to support resident experience and retention. Comparative performance can vary block to block; evaluate property-specific historical incident data during diligence rather than relying solely on area averages.
Regional employers within commuting distance support workforce renter demand and lease retention for well-managed assets. Nearby corporate offices include Airgas, Jabil Circuit, Raymond James Financial, Cardinal Health, and Tech Data.
- Airgas Store — industrial gases & supplies (3.9 miles)
- Jabil Circuit — electronics manufacturing (30.1 miles) — HQ
- Raymond James Financial — financial services (31.5 miles) — HQ
- Cardinal Health — healthcare distribution (33.7 miles)
- Tech Data — IT distribution (34.1 miles) — HQ
2003 Flamingo Blvd comprises 21 units built in 1975, positioned in an inner-suburban corridor with strong daily-needs access. The local renter base is defined but not dominant, while the 3-mile area shows household growth and a projected increase in renter share by 2028—pointing to a gradually expanding tenant pool. According to CRE market data from WDSuite, neighborhood amenity access for groceries and cafes is a comparative strength versus metro peers, providing support for leasing and retention even as tenants remain price sensitive.
The vintage suggests scope for targeted renovations and system upgrades to enhance competitiveness and NOI. Forecast rent growth at the 3-mile radius and improving income profiles point to potential revenue upside, but area safety rankings and neighborhood-level occupancy softness mean performance will rely on disciplined operations, security-conscious capital planning, and thoughtful rent-setting to manage affordability pressure and stabilize occupancy.
- Inner-suburban location with strong grocery/cafe access supporting leasing fundamentals
- 1975 vintage offers value-add potential through targeted renovations and system upgrades
- 3-mile household growth and a modestly expanding renter pool support demand depth
- Potential revenue upside from forecast rent growth and income gains in the surrounding area
- Risks: below-metro safety ranking and neighborhood occupancy softness require active management