| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12808 Stately Oak St, Dade City, FL, 33525, US |
| Region / Metro | Dade City |
| Year of Construction | 2011 |
| Units | 94 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12808 Stately Oak St Dade City Multifamily Investment
2011-vintage, 94-unit asset positioned for durable renter demand and steady operations, with neighborhood occupancy competitive among Tampa-St. Petersburg-Clearwater submarkets, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb pocket of Dade City where neighborhood occupancy is competitive among Tampa-St. Petersburg-Clearwater neighborhoods (ranked 225th of 710; slightly above the national middle by percentile). A renter-occupied share around 41% places the area in a high national percentile, indicating a deeper tenant base that can support leasing and retention for multifamily.
Construction in the surrounding neighborhood skews newer than many parts of the metro (average year 2001), and this asset’s 2011 vintage is more recent, which generally supports competitive positioning versus older stock while still warranting routine system updates over the hold. Median contract rents in the neighborhood track near national mid-range levels, and a rent-to-income profile in the higher national percentile points to relatively manageable rents for households — a positive for renewal stability, though it may limit near-term pricing power.
Local services are mixed: grocery availability is slightly above national norms, while cafes, pharmacies, and parks are limited. Average school ratings in the neighborhood are below national averages, which may temper appeal for some family renters; investors should lean on unit finishes, onsite amenities, and commute convenience to drive demand.
Within a 3-mile radius, recent population growth has been positive and forecasts indicate further expansion alongside a sizable projected increase in households and a modest decline in average household size. For investors, that combination typically enlarges the renter pool and can support occupancy stability over time, based on CRE market data from WDSuite.
Neighborhood safety indicators compare favorably overall: crime rates benchmark above the national average (national percentile roughly in the 60s), with property offense measures positioned in a top national bracket. By metro rank, the area performs better than many Tampa-St. Petersburg-Clearwater neighborhoods. These comparative signals can support leasing confidence and retention.
Recent trend data show a year-over-year uptick in violent offense measures even as property offenses eased. Investors should underwrite with attention to trend volatility and continue monitoring neighborhood-level conditions over the hold, rather than relying solely on a single-year snapshot.
Proximity to regional employers in insurance, financial services, healthcare, and retail headquarters underpins a diverse commuter base that supports renter demand and lease stability. Notable nearby employers include MetLife Insurance Company, Raymond James, Publix Super Markets, Wellcare, and Wellcare Health Plans.
- MetLife Insurance Company — insurance (18.1 miles)
- Raymond James — financial services (25.3 miles)
- Publix Super Markets — retail corporate (26.2 miles) — HQ
- Wellcare — healthcare services (30.0 miles)
- Wellcare Health Plans — healthcare plans (30.1 miles) — HQ
12808 Stately Oak St offers a 2011-vintage, 94-unit footprint in an Inner Suburb location where neighborhood occupancy ranks competitively among 710 Tampa-St. Petersburg-Clearwater neighborhoods and renter concentration is high by national comparison. The homeownership landscape sits near national mid-range levels, while neighborhood rent-to-income skew supports renewals and cash flow consistency; together these dynamics point to stable demand rather than outsized near-term rent growth. According to CRE market data from WDSuite, the area’s demographic profile within a 3-mile radius shows recent population gains and forecasts for further household expansion, which can enlarge the tenant base and support leasing over the hold.
The asset’s newer vintage relative to the neighborhood average (2001) offers competitive positioning versus older stock, with typical capital needs focused on systems maintenance and targeted refreshes to sustain rentability. Local amenities are mixed and school ratings are below national averages, so performance will lean on property-level execution, access to regional job centers, and operational discipline.
- Competitive neighborhood occupancy and high renter concentration support demand depth
- 2011 vintage outcompetes older local stock; focus capex on systems and selective upgrades
- 3-mile demographic growth and projected household gains expand the tenant base
- Rent-to-income profile favors renewal stability, with moderate pricing power expectations
- Risks: below-average nearby school ratings, limited amenities, and recent volatility in violent offense trends