| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 29th | Poor |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 859 Gibson Rd, Ft Walton Bch, FL, 32547, US |
| Region / Metro | Ft Walton Bch |
| Year of Construction | 1979 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
859 Gibson Rd Ft Walton Bch Multifamily Investment
Neighborhood occupancy trends are steady and renter demand is broad-based, according to WDSuite’s CRE market data, pointing to durable income potential if operations stay disciplined.
This Inner Suburb location in Ft Walton Bch shows healthy renter demand and service access that supports day-to-day living. Neighborhood occupancy sits in the top quartile among 86 metro neighborhoods, a positive indicator for lease stability. The area also has a high renter-occupied share of housing units, reinforcing depth of the tenant base for a 48‑unit asset.
Convenience retail and daily-needs amenities are a relative strength. Grocery and pharmacy access rank competitively among the 86 neighborhoods in the Crestview–Fort Walton Beach–Destin metro, and restaurant density is above metro norms, while café and park counts are thinner. For investors, this mix suggests reliable convenience for residents, though limited green space and third‑place options may temper lifestyle appeal for some renters.
Within a 3‑mile radius, population and household counts have grown in recent years and are projected to expand further through 2028, indicating a larger tenant base over time. Median school ratings in the neighborhood are mixed, so leasing may skew toward renters prioritizing commute and services rather than school-driven location preferences.
The asset’s 1979 vintage is older than the neighborhood’s average construction year. That typically implies near- to medium‑term capital planning for building systems and common areas, but it can also present value‑add upside through selective renovations to stay competitive with younger stock. Elevated home values relative to local incomes and a higher value‑to‑income ratio support continued renter reliance on multifamily housing, while a relatively higher rent‑to‑income burden suggests prudent lease management and renewal strategies to protect retention.
Comparable crime metrics at the neighborhood level are not available in WDSuite for this location, so investors should rely on multiple sources for underwriting. A balanced approach is to review city and county public safety reports, speak with local property managers, and assess on‑the‑ground security measures appropriate for an inner‑suburban asset.
Regional employment centers across Fort Walton Beach and Destin provide commute access for renters; specific nearby corporate offices with verified distances are not available in WDSuite at this time.
859 Gibson Rd is a 48‑unit, 1979‑built property positioned in a neighborhood that ranks in the top quartile for occupancy among 86 metro neighborhoods, supporting income durability. The area’s high concentration of renter‑occupied housing units indicates depth in the tenant pool, while daily‑needs retail access adds to livability. According to CRE market data from WDSuite, the broader neighborhood shows solid rent levels for the metro, aligning with steady absorption rather than oversupply.
Demographic trends within a 3‑mile radius point to continued population and household growth through 2028, which should expand the renter pool over time. Given the asset’s older vintage, investors should plan for targeted capital improvements to maintain competitiveness; at the same time, elevated ownership costs versus incomes in the area tend to sustain rental demand. Key risks include affordability pressure relative to incomes and potential capex to modernize systems and finishes.
- Top‑quartile neighborhood occupancy among 86 metro areas supports lease stability
- High renter‑occupied housing share signals a broad tenant base
- Daily‑needs amenities (grocery, pharmacy, restaurants) bolster resident convenience
- 1979 vintage offers value‑add potential with targeted renovations
- Risk: rent‑to‑income pressure and capex needs require disciplined leasing and asset management