| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 51st | Fair |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 922 Hidden Cir E, Sarasota, FL, 34243, US |
| Region / Metro | Sarasota |
| Year of Construction | 1986 |
| Units | 94 |
| Transaction Date | 2024-04-02 |
| Transaction Price | $6,723,500 |
| Buyer | HIDDEN ACRES APARTMENTS FL LLC |
| Seller | HIDDEN ACRES APARTMENTS LLC |
922 Hidden Cir E Sarasota Multifamily Investment
Positioned in a suburban pocket of Sarasota with steady renter demand and access to daily conveniences, this asset benefits from a high-cost ownership market and relatively favorable renter affordability, according to WDSuites CRE market data.
The neighborhood rates B and sits in the suburban band of the North Port Sarasota Bradenton metro, ranking 88 out of 218 metro neighborhoods. Amenity access is practical for renters: cafes and grocery options score above national medians, while park and pharmacy access are limited. Average school ratings trend slightly above national midline, supporting family appeal without commanding top-tier pricing.
Neighborhood occupancy is measured at the neighborhood level and has held in a stable range over time, though recent trends show a modest softening. Renter-occupied share of housing units in the neighborhood is on the lower side for the metro, implying a predominantly owner-occupied context but still a meaningful base of renters for multifamily leasing.
Within a 3-mile radius, households have increased over the past five years even as average household size edged lower. Looking forward, projections indicate household counts continue to rise while population trends flatten, pointing to smaller households and a broader base of potential renters for studios and one-bedrooms a configuration aligned with the property s average unit size.
Home values in the neighborhood sit in the upper half nationally, and the value-to-income relationship is elevated compared with many U.S. neighborhoods. This high-cost ownership backdrop typically supports renter retention and sustained leasing demand, while a relatively favorable rent-to-income profile suggests manageable affordability pressure for existing tenants.
Neighborhood safety compares below the national median, placing this area outside the top half of neighborhoods nationwide. Recent estimates indicate year-over-year increases in both property and violent offenses at the neighborhood level. Investors should underwrite with conservative assumptions, prioritize on-site measures that support resident comfort, and monitor metro-wide trends rather than block-level variation.
Relative positioning can still be competitive locally depending on submarket context, but from a national perspective the neighborhood does not sit in the top quartile. Framing safety through building operations (lighting, access control, and resident engagement) and lease management can help support stabilization in line with broader Sarasota patterns.
Proximity to a mix of corporate offices supports a diverse employment base and commute convenience for renters, including Airgas, Jabil Circuit, Raymond James Financial, and Cardinal Health.
- Airgas Store industrial gases (1.6 miles)
- Jabil Circuit electronics manufacturing services (31.0 miles)
- Jabil Circuit electronics manufacturing services (31.4 miles) HQ
- Raymond James Financial financial services (32.9 miles) HQ
- Cardinal Health healthcare distribution (33.9 miles)
This Sarasota property combines practical amenity access with a predominantly owner-occupied neighborhood, offering multifamily owners a defined but stable renter base. Within a 3-mile radius, household growth alongside smaller household sizes points to steady demand for compact units, which aligns with the asset s average footprint. Elevated home values relative to local incomes reinforce reliance on rental housing, while a relatively favorable rent-to-income profile supports retention and measured pricing power.
According to commercial real estate analysis from WDSuite, neighborhood-level occupancy has been generally steady, and cafes/grocers index above national medians, providing daily convenience. Risks include below-median safety metrics and limited park/pharmacy access, warranting stronger on-site operations and conservative underwriting. Overall, the setting supports durable leasing with scope to drive value through asset-level management and targeted upgrades.
- Household growth within 3 miles and smaller household sizes expand the renter pool for smaller units.
- Elevated ownership costs bolster renter reliance, supporting retention and occupancy stability.
- Amenity access to cafes and groceries exceeds national midline, aiding leasing and livability.
- Steady neighborhood occupancy trends, per WDSuite, underpin predictable cash flow potential.
- Risk: below-median safety and limited parks/pharmacies call for proactive operations and prudent underwriting.