| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 66th | Good |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7540 Alicia Ln, Sarasota, FL, 34243, US |
| Region / Metro | Sarasota |
| Year of Construction | 1983 |
| Units | 80 |
| Transaction Date | 2021-04-24 |
| Transaction Price | $7,860,800 |
| Buyer | PALM PLACE GARDENS LP |
| Seller | CF SPRINGS GATE POLL 2 LLC |
7540 Alicia Ln Sarasota Multifamily Investment
Neighborhood rents sit in the upper tier regionally while ownership remains high-cost, pointing to durable renter demand according to WDSuite’s CRE market data.
The property sits in a suburban Sarasota location with day-to-day convenience: neighborhood café density is competitive locally and above most areas nationally, and grocery access tracks near the metro middle. Park, pharmacy, and childcare options are thinner in the immediate area, which investors should factor into positioning and amenities planning.
From an income and rent context, neighborhood median contract rents rank competitive among North Port–Sarasota–Bradenton neighborhoods and fall in the upper quintile nationally. Median home values are also elevated versus national norms, a high-cost ownership backdrop that tends to sustain reliance on multifamily rentals and support pricing power when operations are well-executed.
Within a 3-mile radius, demographics indicate a stable, older-skewing population today with rising household counts and smaller average household sizes over time, which typically expands the tenant base for smaller units. Projections show population growth and a notable increase in households by 2028, pointing to renter pool expansion and potential support for occupancy stability.
Renter-occupied housing within 3 miles is a minority share today, signaling a market where demand often centers on well-located, well-managed communities rather than broad renter saturation. For investors, that implies targeted marketing and competitive amenities can capture depth among renters who prefer professionally managed housing. Neighborhood NOI per unit performance is competitive among metro peers, according to commercial real estate analysis from WDSuite.
At the neighborhood level, overall occupancy has been softer than national benchmarks in recent years and trailed the metro median, underscoring the importance of disciplined leasing and asset differentiation. That said, rent-to-income levels are manageable locally, which may support retention with appropriate lease management.
Safety indicators are mixed when viewed against both metro and national baselines. Overall crime measures place the neighborhood roughly around the national middle and below the metro average among 218 North Port–Sarasota–Bradenton neighborhoods. Investors should underwrite to typical operational protocols and visibility features rather than assuming outsized risk or outsized safety.
Recent trends diverge by category: violent offense estimates improved year over year and compare favorably versus many U.S. neighborhoods, while property offense estimates rose in the latest period. Taken together, the pattern argues for standard security practices, lighting and sightlines, and resident engagement to support leasing and retention.
Nearby corporate offices provide a diversified employment base that supports renter demand through commute convenience and stable professional headcount. Notable employers in proximity include Airgas, Jabil Circuit, Cardinal Health, Raymond James Financial, and Tech Data.
- Airgas Store — corporate offices (1.45 miles)
- Jabil Circuit — corporate offices (32.65 miles)
- Cardinal Health — corporate offices (34.14 miles)
- Raymond James Financial — corporate offices (34.58 miles) — HQ
- Tech Data — corporate offices (37.38 miles) — HQ
This Sarasota asset benefits from elevated neighborhood rents, a high-cost ownership market, and household growth within a 3-mile radius that is projected to expand the renter pool. According to CRE market data from WDSuite, neighborhood rents are competitive across the metro and in the upper tier nationally, creating a favorable backdrop for revenue management when paired with prudent concessions strategy.
Counterbalancing strengths, neighborhood occupancy has trailed broader benchmarks and property offense trends have been volatile, suggesting underwriting should emphasize marketing efficiency, security visibility, and asset differentiation. With a renter share that remains a minority nearby, demand often concentrates in professionally managed communities that deliver convenience and consistency, supporting retention when operations are strong.
- Elevated neighborhood rents and high-cost ownership backdrop support pricing power
- Projected household growth within 3 miles expands the tenant base
- Competitive rent positioning versus metro peers per WDSuite data
- Risk: Neighborhood occupancy trails benchmarks; prioritize leasing discipline and differentiation
- Risk: Recent property crime volatility warrants standard security and visibility measures