| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14816 Sundance Dr, Dade City, FL, 33523, US |
| Region / Metro | Dade City |
| Year of Construction | 1989 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14816 Sundance Dr, Dade City FL Multifamily Investment
Neighborhood occupancy has trended upward and remains competitive among Tampa–St. Petersburg–Clearwater submarkets, supporting stable leasing, according to WDSuite’s CRE market data. Built in 1989, the asset may offer value-add potential through targeted upgrades that strengthen positioning against newer stock.
Located in an Inner Suburb pocket of Dade City, the property benefits from neighborhood occupancy that sits above the metro median and has improved over the past five years, per WDSuite’s CRE market data. The area shows a renter-occupied share around two-fifths of housing units, indicating a meaningful tenant base for multifamily while still drawing from nearby owner households for move‑down and lease-up demand.
Within a 3-mile radius, population growth over the last five years and a projected expansion through 2028 point to a larger tenant base and support for occupancy stability. Forecasts also indicate a notable increase in households alongside smaller average household sizes, which typically benefits apartment absorption and retention.
Local amenity density is modest—cafes, parks, and pharmacies are limited—so residents rely on broader corridor conveniences. Grocery access is reasonable for an inner-suburban setting. Average school ratings in the neighborhood trail national benchmarks, an important consideration for family renter retention and marketing strategy.
Home values in the neighborhood sit near national midpoints, and the rent-to-income ratio trends favorable by national comparison, which can help support lease renewal rates and measured pricing power. Vintage matters here: with a neighborhood average construction year around 2001 and this asset built in 1989, investors should underwrite for selective capital improvements that enhance competitiveness versus newer stock.
Safety indicators compare favorably in several categories. The neighborhood scores in the top quartile nationally for lower violent-offense exposure and is even stronger on property-offense metrics, according to WDSuite’s CRE market data. These comparative readings suggest a supportive backdrop for resident retention relative to many U.S. neighborhoods.
Year-over-year trends are mixed: reported property offenses have eased, while violent incidents have risen recently. Investors should monitor momentum rather than relying on a single period, and benchmark the asset’s performance against broader Tampa–St. Petersburg–Clearwater patterns. Rank comparisons reference 710 metro neighborhoods.
Regional employment is diversified across insurance, financial services, supermarkets, and health plans, supporting workforce renter demand and commute convenience to major corporate nodes including MetLife, Raymond James, Publix Super Markets, Wellcare, and Wellcare Health Plans.
- MetLife Insurance Company — insurance (19.5 miles)
- Raymond James — financial services (26.2 miles)
- Publix Super Markets — supermarkets (28.5 miles) — HQ
- Wellcare — health plans (31.0 miles)
- Wellcare Health Plans — health plans (31.1 miles) — HQ
The investment case centers on durable renter demand, competitive neighborhood occupancy, and value-add potential. Based on commercial real estate analysis from WDSuite, occupancy in the neighborhood is above the metro median and has strengthened over five years, aligning with a 3‑mile radius outlook that shows population growth and a projected increase in households—factors that typically support leasing stability and renewal capture.
Constructed in 1989, the property is older than the neighborhood’s average vintage. Targeted renovations and systems updates can improve positioning against early‑2000s product while maintaining a favorable rent-to-income profile that supports retention. Investors should weigh modest local amenity density and below-average school ratings against the area’s safety profile and broad regional employment access.
- Competitive neighborhood occupancy with multi-year improvement supports stability
- 3-mile population and household growth expand the renter pool and absorption prospects
- 1989 vintage offers value-add and modernization upside versus newer stock
- Favorable rent-to-income dynamics support renewal capture and measured pricing power
- Risks: limited neighborhood amenities, lower school ratings, and mixed recent safety trends warrant ongoing monitoring