| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 43rd | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3600 Lake Bayshore Dr, Bradenton, FL, 34205, US |
| Region / Metro | Bradenton |
| Year of Construction | 1986 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3600 Lake Bayshore Dr, Bradenton Multifamily Investment
Neighborhood renter demand is supported by dense everyday amenities and a sizable tenant base, according to WDSuite s CRE market data, offering investors a pragmatic entry point in Bradenton s inner-suburban fabric.
This inner-suburban Bradenton location offers practical livability for workforce renters: restaurants and cafes are dense by local standards (restaurant density ranks competitive among 218 metro neighborhoods and is top quartile nationally), with grocery options also above typical national levels. These day-to-day conveniences help support leasing velocity and retention.
Neighborhood-level occupancy trends sit below the metro median and fall in the lower national percentiles, which places a premium on hands-on leasing and asset management. At the same time, the share of housing units that are renter-occupied is above many communities nationally (upper-tier national percentile), indicating a deeper renter pool that can backfill turnover when pricing is kept aligned to the submarket.
Within a 3-mile radius, recent years show a modest dip in population alongside a slight increase in households and families, pointing to smaller household sizes and steady housing formation. Forecasts to 2028 indicate population growth, a larger household count, and rising median incomes in the trade area rends that generally expand the renter pool and support occupancy stability for well-positioned assets.
Home values in the neighborhood are lower than many U.S. areas, which can introduce some competition from entry-level ownership. For multifamily operators, this context favors value-driven product, disciplined renewals, and amenity upgrades that differentiate versus attainable for-sale alternatives while preserving demand depth.
Amenity gaps include limited park and pharmacy access within the immediate neighborhood, meaning residents may rely more on private amenities or nearby districts. Investors should consider on-site features or partnerships that offset these gaps and enhance retention.
Relative to the North Port Sarasota Bradenton metro, this neighborhood is below average on safety, ranking in the lower tier among 218 metro neighborhoods and below the national median. Nationally, the area sits in lower percentiles for both property and violent offenses, though recent data show a slight improvement in violent offense trends year over year. For investors, underwriting should incorporate proactive security design, lighting, and resident engagement to support leasing and retention.
Nearby employment is diversified across industrial gases, electronics manufacturing services, financial services, healthcare distribution, and IT distribution sectors that broaden the renter base and support commute-convenient housing for workforce tenants.
- Airgas Store industrial gases (4.8 miles)
- Jabil Circuit electronics manufacturing services (27.6 miles)
- Raymond James Financial financial services (29.5 miles) HQ
- Cardinal Health healthcare distribution (31.8 miles)
- Tech Data IT distribution (32.1 miles) HQ
Built in 1986, this 120-unit property is newer than the neighborhood s average vintage, offering a competitive position versus older stock while still warranting targeted capital planning for aging systems and value-add upgrades. Based on CRE market data from WDSuite, the neighborhood shows strong amenity access but below-median occupancy at the neighborhood level, suggesting that disciplined operations and thoughtful renovations can capture demand from a sizable local renter base.
Within a 3-mile radius, forecasts indicate population growth, a notable increase in households, and rising incomes by 2028 drivers that typically expand the renter pool and support rent durability when product is priced to the submarket. Lower local home values may create some competition from entry-level ownership, but effective fundamentals including amenity density and proximity to diverse employers can sustain leasing if the asset emphasizes convenience and value.
- 1986 construction offers competitive positioning with clear value-add and systems-upgrade pathways
- Amenity-dense neighborhood supports tenant convenience and leasing velocity
- 3-mile trade area shows projected population and household growth, reinforcing renter pool expansion
- Diverse regional employers underpin workforce housing demand and retention
- Risks: below-median neighborhood occupancy and safety metrics; potential competition from attainable ownership