| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 29th | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12702 Candlewood Cir, Dade City, FL, 33525, US |
| Region / Metro | Dade City |
| Year of Construction | 1979 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12702 Candlewood Cir: Suburban Multifamily in Dade City, FL
Neighborhood fundamentals point to steady renter demand supported by a high-cost ownership market and improving demographics, according to WDSuite s CRE market data. Focus is on occupancy stability at the neighborhood level, not the property, with affordability that can aid retention.
Located in Dade City s inner-suburban fabric of the Tampa metro, the neighborhood rates C+ and is competitive among Tampa-St. Petersburg-Clearwater neighborhoods (ranked 484 of 710). Amenity access is mixed: grocery and pharmacy density track above national norms (around the 65th and 85th percentiles), while cafes and parks are limited. For investors, this suggests daily-needs convenience that supports leasing, but limited lifestyle amenities may require positioning toward value and convenience rather than experience-led premiums.
Schools in the area trend below national averages (average rating near the 15th percentile). That backdrop can influence renter profiles and length of stay; operators often lean on resident services and unit quality to offset neighborhood-school perception in marketing and retention strategies.
The local rental market shows an occupancy level measured for the neighborhood near the metro median and rising over the past five years, underscoring stable demand. Renter-occupied housing share is above the metro median and higher than most neighborhoods nationally, indicating a meaningful tenant base for multifamily. Median contract rents remain relatively accessible versus national levels, which can aid lease renewals, though it may temper near-term pricing power.
Within a 3-mile radius, population has grown in recent years and is forecast to expand substantially through 2028 alongside a large increase in household count and smaller average household size. For investors, that combination points to a larger tenant base and diversified demand for rental units, supporting occupancy stability and lease-up velocity for well-positioned product.
The property s 1979 vintage is slightly older than the neighborhood s average construction year (1984). This typically implies capital planning for systems and interiors, creating potential value-add and modernization upside to compete against newer stock while targeting affordability-minded renters.
Ownership costs in the area are elevated relative to incomes (value-to-income ratio sits in a high national percentile), which tends to sustain renter reliance on multifamily housing. At the same time, rent-to-income levels are comparatively modest, which can support retention and reduce turnover risk when paired with disciplined lease management.
Safety signals are mixed and should be framed comparatively. Nationally, the neighborhood performs well: violent-offense metrics are in the top quartile for safety and property-offense indicators are stronger than average, suggesting comparatively favorable conditions versus many U.S. neighborhoods. Within the Tampa-St. Petersburg-Clearwater metro, however, the neighborhood s crime rank (59 out of 710) indicates crime levels are above the metro average, so operators should align on-site practices and security features with resident expectations.
Investors often balance these dynamics by emphasizing lighting, access control, and community standards while monitoring trend direction rather than single-year readings. This approach supports retention while keeping operating costs in check.
Regional employment anchors within commuting range support a diversified renter base oriented to insurance, grocery HQ operations, financial services, and healthcare. These employers can bolster leasing stability through steady white-collar and operations roles.
- MetLife Insurance Company insurance (18.8 miles)
- Publix Super Markets grocery operations (25.8 miles) HQ
- Raymond James financial services (26.1 miles)
- Wellcare healthcare services (30.8 miles)
- Wellcare Health Plans managed care (30.9 miles) HQ
This 60-unit, 1979-vintage asset sits in a neighborhood with steady occupancy and a renter base that trends above the metro median, pointing to durable demand. Elevated ownership costs relative to income support continued reliance on rentals, while accessible neighborhood rents and improving 3-mile demographics signal a broadening tenant pool. According to CRE market data from WDSuite, amenity access skews toward daily needs (grocery, pharmacy) rather than lifestyle, suggesting a value-focused positioning with operational emphasis on retention.
The vintage introduces typical CapEx considerations, yet it also opens value-add pathways to modernize interiors and building systems to capture demand from households expanding in the area and from commuters tied to regional employers. Near-median neighborhood occupancy, rising household counts, and comparatively modest rent-to-income levels together point to stable leasing with measured potential for rent optimization as improvements are delivered.
- Renter-occupied share above metro median supports a deeper tenant base and occupancy stability.
- Elevated ownership costs reinforce demand for multifamily versus buying, aiding renewal potential.
- Value-add potential from 1979 vintage via interior and systems upgrades to compete with newer stock.
- Daily-needs amenities nearby (grocery, pharmacy) align with workforce positioning and retention.
- Risks: below-average school ratings and metro-comparative crime require enhanced resident services and security practices.