| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 50th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 38100 Townview Ave, Zephyrhills, FL, 33540, US |
| Region / Metro | Zephyrhills |
| Year of Construction | 1986 |
| Units | 46 |
| Transaction Date | 2014-05-08 |
| Transaction Price | $2,100,000 |
| Buyer | KRAUS TOWNVIEW APARTMENTS LIMITED PARTNE |
| Seller | REGAL PROPERTIES CAPITAL INC |
38100 Townview Ave Zephyrhills Multifamily Investment
Household growth and everyday amenities point to steady renter demand in this Zephyrhills submarket, according to WDSuite’s commercial real estate analysis. Investors should view the area’s relative affordability as supportive of leasing and retention, with competitive positioning driven by neighborhood convenience.
Amenity access is a relative strength: the neighborhood ranks 128th out of 710 Tampa–St. Petersburg–Clearwater neighborhoods for overall amenities, placing it in the top quartile locally. Dense cafe and restaurant options (each well above national norms) and solid grocery and pharmacy coverage support daily convenience that can aid leasing and renewals. Park space and formal childcare options are limited, which may require targeted marketing toward households less dependent on those features.
Within a 3-mile radius, roughly one-quarter of housing units are renter-occupied, indicating a modest but meaningful tenant base for multifamily. Rent levels track as relatively accessible versus local incomes, which can support retention and occupancy stability, though it may temper near-term pricing power. Home values in the immediate neighborhood sit on the lower end compared with national benchmarks, meaning ownership is more attainable here than in high-cost metros—an element that can introduce competition with entry-level ownership and should be incorporated into leasing strategy.
Demographics within 3 miles show population growth of about 23% since 2018 and continued expansion in total households, pointing to a larger tenant pool over time. Forward-looking estimates also indicate additional increases in households through 2028, which supports long-run demand for rental units. The neighborhood carries a B- rating and sits near the metro middle on broader characteristics, suggesting competitive positioning among peer suburban locations without relying on outsized rent growth assumptions. Neighborhood occupancy trends are below the metro median, so performance tends to be more management- and marketing-sensitive.
Comparable neighborhood crime data is not available for this location in the current WDSuite release. Investors typically benchmark property performance against city and metro safety trends as new data updates, focusing on tenant retention, insurance costs, and on-site management practices to mitigate risk.
Nearby corporate employment centers in insurance, grocery retail, financial services, and healthcare help underpin renter demand by broadening the commuter base and supporting leasing stability.
- MetLife Insurance Company — insurance (14.7 miles)
- Publix Super Markets — grocery retail (20.8 miles) — HQ
- Raymond James — financial services (22.7 miles)
- Wellcare — healthcare services (27.1 miles)
- Wellcare Health Plans — healthcare services (27.2 miles) — HQ
This 46-unit Zephyrhills asset benefits from a growing renter pool and everyday convenience that supports leasing and renewals. Within a 3-mile radius, population and household growth expand the tenant base, while rent levels that are accessible relative to local incomes can reinforce retention and occupancy stability. Amenity coverage—particularly cafes, restaurants, groceries, and pharmacies—sits above national norms, providing location fundamentals that are competitive among suburban peers.
At the same time, the neighborhood’s occupancy trend tracks below the metro median, which puts a premium on hands-on management, targeted marketing, and prudent renewal strategies. According to CRE market data from WDSuite, these location dynamics align more with workforce housing fundamentals than with luxury demand, suggesting steady, operations-led performance rather than outsized rent growth.
- Expanding tenant base within 3 miles driven by population and household growth
- Amenity-rich daily needs (grocery, pharmacy, dining) support leasing and renewals
- Relative rent accessibility aids retention and occupancy stability
- Operations-led upside in a suburban, workforce-oriented location
- Risks: below-metro neighborhood occupancy and potential competition from entry-level ownership