| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14742 Sundance Dr, Dade City, FL, 33523, US |
| Region / Metro | Dade City |
| Year of Construction | 2004 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14742 Sundance Dr, Dade City FL Multifamily Opportunity
Stabilizing renter demand and improving neighborhood occupancy point to durable income potential, according to WDSuite’s CRE market data.
Neighborhood fundamentals
Located in Dade City’s inner-suburban fabric of the Tampa–St. Petersburg–Clearwater metro, the property sits in a submarket where neighborhood occupancy has trended higher over the past five years and is competitive among Tampa–St. Petersburg–Clearwater neighborhoods. That backdrop supports income stability for well-managed assets.
The building’s 2004 vintage is slightly newer than the neighborhood’s average stock (2001), which generally helps with leasing competitiveness versus older comparables, while still warranting routine capital planning for mid-life systems and finishes.
Renter-occupied housing represents a meaningful share of neighborhood units (high national percentile for renter concentration), which indicates depth in the tenant base for multifamily product and helps support steady absorption. At the same time, the area’s rent-to-income ratios skew favorable, suggesting manageable affordability pressure that can aid retention and reduce turnover risk.
Within a 3-mile radius, WDSuite data shows recent population growth and a modest increase in households, with projections pointing to continued population growth and a larger household count in the coming years—all supportive of a growing renter pool and occupancy stability. Amenity density is thinner than core urban submarkets and average school ratings are lower, which investors should factor into positioning and leasing strategy.
Ownership costs are relatively approachable compared with high-cost metros, which can create some competition with entry-level homeownership; however, this also reinforces the role of multifamily as an accessible option for households prioritizing value and convenience.
Safety context
According to CRE market data from WDSuite, neighborhood-level property and violent offense rates compare favorably versus many U.S. neighborhoods (higher national percentiles indicate relatively safer conditions). Recent readings also show a year-over-year decline in estimated property offenses, a constructive trend for investor risk assessment.
That said, WDSuite reports a recent uptick in estimated violent-offense activity over the last year, indicating some volatility. Investors should monitor trend direction alongside property-level security measures and broader Tampa–St. Petersburg–Clearwater dynamics rather than relying on block-level assumptions.
Regional employers within commuting range support renter demand and lease stability, led by insurance, financial services, supermarket headquarters, and health plans operations cited below.
- MetLife Insurance Company — insurance (19.4 miles)
- Raymond James — financial services offices (26.2 miles)
- Publix Super Markets — supermarket corporate (28.4 miles) — HQ
- Wellcare — health plans (30.9 miles)
- Wellcare Health Plans — health plans (31.0 miles) — HQ
14742 Sundance Dr offers a 2004-vintage, small-scale multifamily asset in an inner-suburban location where neighborhood occupancy is holding at competitive levels for the Tampa–St. Petersburg–Clearwater metro. The vintage positions the property advantageously versus older stock while calling for measured capital planning on mid-life systems. According to commercial real estate analysis from WDSuite, renter concentration is elevated locally and rent burdens are comparatively manageable, factors that can underpin retention and support steady leasing.
Within a 3-mile radius, recent population gains and projected growth through the midterm point to a larger tenant base and potential reinforcement of occupancy stability. Investors should balance these positives with practical considerations around thinner amenity density, lower average school ratings, and recent safety volatility when shaping positioning and management strategies.
- Competitive neighborhood occupancy trends support income stability potential
- 2004 vintage offers leasing competitiveness versus older comparables with mid-life capex planning
- Elevated renter-occupied share and favorable rent-to-income dynamics aid retention
- 3-mile population and household growth projections expand the renter pool
- Risks: thinner amenities, lower school ratings, and recent safety volatility warrant monitoring