| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12747 Stately Oak St, Dade City, FL, 33525, US |
| Region / Metro | Dade City |
| Year of Construction | 2011 |
| Units | 94 |
| Transaction Date | 2010-10-28 |
| Transaction Price | $1,400,000 |
| Buyer | ARBOURS AT FORT KING LLC |
| Seller | THE CREST AT FORT KING LLC |
12747 Stately Oak St Dade City Multifamily Investment
Neighborhood occupancy in the low-90s suggests stable leasing conditions, according to WDSuite’s CRE market data, with renter demand supported by a solid tenant base and growing households nearby. Built in 2011, the asset’s newer vintage versus local stock can enhance competitiveness while still allowing room for targeted upgrades over time.
Positioned in Dade City within the Tampa–St. Petersburg–Clearwater metro, the property benefits from neighborhood-level occupancy that is competitive among 710 metro neighborhoods, supporting day‑to‑day leasing stability and lower downtime risk. The renter‑occupied share is above many U.S. areas (high national percentile), indicating a deeper tenant base that can underpin absorption and renewals. Median rent burdens in the neighborhood are relatively light, which can aid retention while requiring disciplined revenue management.
Within a 3‑mile radius, recent population growth and modest household gains point to a gradually expanding renter pool, and forecasts call for notable increases in both population and households by 2028—supportive of sustained demand for rental units and occupancy stability. As household counts rise faster than population, smaller average household sizes may further diversify unit需求 and support a range of floor plans.
Construction year averages in the neighborhood skew around the early 2000s, while this property was built in 2011. The newer vintage can provide a competitive edge versus older stock on systems and finishes, though investors should still plan for selective modernization to maintain positioning as nearby assets refresh.
Local amenities are limited inside the immediate neighborhood (few cafes, parks, or pharmacies), so residents likely rely on services in adjacent corridors and larger retail nodes across the metro. School ratings in the area trend below national norms, which may temper family‑driven demand; however, attainable rents relative to incomes can help sustain occupancy for workforce‑oriented households.
Safety indicators compare favorably to many neighborhoods nationwide on a percentile basis, with property offenses positioned in a strong national percentile and violent offenses also comparing well at the national level. Year over year, trends are mixed: estimated property incidents declined, while estimated violent incidents increased, underscoring the importance of ongoing monitoring rather than block‑level conclusions. Investors should benchmark against broader Tampa–St. Petersburg–Clearwater trends and consider standard security and lighting upgrades that support resident retention.
Regional employment anchors within commuting distance include insurance, financial services, grocery headquarters, and healthcare—providing a diversified white‑collar and services employment base that can support renter demand and lease retention. Specifically, MetLife, Raymond James, Publix Super Markets, Wellcare, and Wellcare Health Plans are key nearby employers.
- MetLife — insurance (18.1 miles)
- Raymond James — financial services (25.3 miles)
- Publix Super Markets — grocery (26.2 miles) — HQ
- Wellcare — healthcare services (30.0 miles)
- Wellcare Health Plans — managed care (30.1 miles) — HQ
12747 Stately Oak St offers investors a 2011‑built, 94‑unit asset in a neighborhood with occupancy in the low‑90s and a renter‑occupied share that is above many U.S. areas—both supportive of day‑to‑day leasing stability. Within a 3‑mile radius, recent population growth and a sizeable forecasted increase in households by 2028 point to renter pool expansion that can sustain absorption and renewals over the medium term. According to CRE market data from WDSuite, rent burdens at the neighborhood level are relatively light, favoring retention while suggesting measured, operations‑led rent growth.
The asset’s vintage is newer than the neighborhood average (early 2000s), offering competitive positioning versus older stock; targeted upgrades can further differentiate finishes and common areas. Limited immediate amenities and below‑average school ratings are considerations for pricing power, but diversified regional employers within commuting distance help anchor demand for workforce and service‑oriented renters.
- Competitive occupancy backdrop and deeper renter base support leasing stability
- 2011 construction provides relative edge versus older local stock with value‑add potential
- Forecast growth in nearby population and households expands the tenant pipeline
- Regional employers across insurance, finance, grocery HQ, and healthcare underpin demand
- Risks: limited immediate amenities, lower school ratings, and mixed safety trends may temper pricing power