| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 61st | Fair |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4325 40th St W, Bradenton, FL, 34205, US |
| Region / Metro | Bradenton |
| Year of Construction | 1986 |
| Units | 100 |
| Transaction Date | 2019-01-11 |
| Transaction Price | $11,900,000 |
| Buyer | Pedcor Homes |
| Seller | LR Aaron Lake LLC |
4325 40th St W, Bradenton FL Multifamily Investment
Steady renter demand is supported by strong daily-needs access even as neighborhood occupancy trends run below metro norms, according to CRE market data from WDSuite. Investors can underwrite to moderate affordability and target value-add positioning against older nearby stock.
This Inner Suburb location offers practical fundamentals for workforce renters. Neighborhood retail skews toward essentials, with grocery access performing strong versus national peers and competitive among North Port–Sarasota–Bradenton neighborhoods for restaurants. Conversely, parks, cafes, and childcare density are thin, so resident appeal leans toward convenience rather than lifestyle amenities.
The property’s 1986 vintage is slightly newer than the area’s typical construction year. That positioning can be competitive versus older stock, though systems are at an age where targeted renovations and common-area upgrades may be needed to capture rent premiums and reduce near-term capex uncertainty.
Within a 3-mile radius, demographics indicate a stable renter base: households increased while average household size edged down, signaling more, smaller households entering the market. Renter-occupied share sits in a moderate range, supporting multifamily demand depth and day-one leasing. Forward-looking projections show additional household growth and higher incomes, expanding the tenant pool and supporting occupancy stability.
Home values in the neighborhood sit in a mid-range context for the region, which, along with a rent-to-income profile that suggests manageable renter affordability, can aid lease retention and steady renewal demand. Neighborhood occupancy is below the metro median, which warrants close attention to leasing velocity and operations, but the area’s access to groceries and pharmacies (top-tier locally) helps sustain everyday convenience that supports renter stickiness. Insights are based on CRE market data from WDSuite.
Safety indicators are mixed but improving. The neighborhood is roughly in line with national norms overall (around the middle of neighborhoods nationwide), yet it trails the metro median among the North Port–Sarasota–Bradenton area’s 218 neighborhoods. Recent trends point to declining violent incidents, an encouraging directional signal, while property-related offenses ticked up year over year and merit monitoring as part of operating plans.
For investors, this profile suggests prudent security measures and lighting upgrades can complement value-add scopes, while keeping underwriting conservative on loss assumptions. Comparative framing is based on WDSuite’s CRE market data and reflects neighborhood-level trends, not property-specific claims.
Proximity to established corporate employers underpins a diverse commuter base and supports renter retention. Nearby anchors include Airgas, Jabil Circuit, Raymond James Financial, Tech Data, and Cardinal Health — a mix of industrial distribution, electronics, financial services, IT distribution, and healthcare logistics.
- Airgas Store — industrial gases & distribution offices (5.7 miles)
- Jabil Circuit — electronics manufacturing services (27.9 miles)
- Raymond James Financial — financial services (29.4 miles) — HQ
- Tech Data — IT distribution (31.9 miles) — HQ
- Cardinal Health — healthcare distribution (32.5 miles)
4325 40th St W offers a 100-unit footprint in an Inner Suburb location where daily-needs access is strong and renter affordability appears manageable. The 1986 vintage positions the asset slightly newer than much of the nearby stock, creating a value-add pathway through selective interior and systems updates. Neighborhood occupancy runs softer than the metro, so execution rests on hands-on leasing and amenity adjustments to capture demand from a broad commuter base.
Within a 3-mile radius, households have increased while average household size declined, and forecasts point to additional household growth and higher incomes — dynamics that expand the tenant base and support absorption. According to CRE market data from WDSuite, grocery and pharmacy access outperforms most local neighborhoods, while rent levels relative to incomes suggest room for retention-focused pricing strategies. The investment case centers on operational execution and targeted upgrades rather than reliance on outsized market appreciation.
- Slightly newer 1986 vintage supports competitive positioning versus older local stock with focused value-add upside
- Daily-needs access (grocery/pharmacy) ranks strong locally, aiding renter convenience and lease retention
- 3-mile household growth and rising incomes expand the tenant pool, supporting absorption and occupancy stability
- Moderate rent-to-income profile enables renewal-focused pricing and reduces turnover risk
- Key risk: neighborhood occupancy trails metro norms and lifestyle amenities are limited; plan for proactive leasing and targeted amenity enhancements