| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 59th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 37701 Oak Run Cir, Zephyrhills, FL, 33541, US |
| Region / Metro | Zephyrhills |
| Year of Construction | 1995 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | $87,500 |
| Buyer | BINGHAM JAMES H |
| Seller | TOWNSVIEW MEDICAL ARTS CENTER |
37701 Oak Run Cir Zephyrhills Multifamily Investment
Neighborhood occupancy in the mid-90s suggests stable tenant retention and cash flow potential at the submarket level, according to WDSuite’s CRE market data. These occupancy metrics are measured for the neighborhood, not the property.
Located in Zephyrhills within the Tampa–St. Petersburg–Clearwater metro, the neighborhood carries a B- rating and shows competitive occupancy performance among 710 metro neighborhoods, supporting steady leasing conditions for multifamily assets. Median rent levels and home values sit near the middle of national distributions, pointing to a market where pricing power is earned via property quality and operations rather than outsized market momentum, based on commercial real estate analysis from WDSuite.
Amenity access is mixed: grocery and restaurant density is around mid-pack nationally, cafes are comparatively more available, while parks and childcare centers are limited. For residents, this translates into everyday convenience for essentials but fewer recreational and childcare options within the immediate neighborhood footprint, factors that can influence tenant expectations and renewal strategies.
Within a 3-mile radius, population and household counts have expanded and are projected to continue growing through 2028, indicating a larger tenant base over time. The renter-occupied share sits around one-quarter of housing units locally (neighborhood and 3-mile indicators), which supports a consistent but not oversupplied pool of prospective renters; operators should expect demand tied to workforce households and in-metro movers rather than heavy in-migration alone.
The average neighborhood construction year skews newer than this asset’s 1995 vintage (average 2009), which implies potential value-add and capital planning needs to stay competitive versus younger stock. Thoughtful unit and systems upgrades can help align finishes and functionality with tenant expectations while supporting occupancy stability.
Comparable neighborhood-level crime statistics are not available in WDSuite for this location, so metro-rank or national-percentile context cannot be provided here. Investors typically benchmark safety signals against broader regional trends and third-party public sources to round out underwriting assumptions and retention planning.
Regional employment is diversified across insurance, supermarkets, financial services, and healthcare administration, providing a commutable workforce base that can support renter demand and lease retention for workforce-oriented units.
- MetLife Insurance Company — insurance (14.6 miles)
- Publix Super Markets — corporate offices (21.2 miles) — HQ
- Raymond James — financial services (22.5 miles)
- Wellcare — healthcare administration (26.9 miles)
- Wellcare Health Plans — healthcare administration (27.1 miles) — HQ
This 60-unit, 1995-vintage asset offers scale with larger average unit sizes, positioned in a neighborhood that demonstrates competitive occupancy versus metro peers and mid-tier national pricing. According to CRE market data from WDSuite, neighborhood occupancy trends and mid-range rent levels point to stable leasing fundamentals, while the asset’s older vintage versus the area’s newer stock highlights value-add potential to strengthen relative competitiveness.
Demographics within a 3-mile radius show recent population and household growth with further increases projected through 2028, expanding the renter pool and supporting occupancy stability. Ownership costs in the area are moderate by national context, which sustains renter reliance on multifamily options without eliminating competition from entry-level ownership—an operational consideration for renewal strategies and pricing.
- Competitive neighborhood occupancy supports leasing stability versus metro peers
- 1995 vintage suggests clear value-add and CapEx pathways to compete with newer stock
- 3-mile population and household growth expand the tenant base through 2028
- Mid-range rent and ownership costs indicate demand depth with measured pricing power
- Risks: limited nearby parks/childcare and a modest renter concentration may temper lease-up velocity