| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Poor |
| Demographics | 25th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 39200 Village Chase, Zephyrhills, FL, 33542, US |
| Region / Metro | Zephyrhills |
| Year of Construction | 1989 |
| Units | 47 |
| Transaction Date | 2016-09-15 |
| Transaction Price | $1,972,800 |
| Buyer | HALLMARK VILLAGE CHASE LLC |
| Seller | VILLAGE CHASE OF ZEPHYRHILLS LTD |
39200 Village Chase Zephyrhills Multifamily Investment Potential
Steady 3-mile household growth and rising incomes point to a widening renter base even as on-neighborhood amenities remain limited, according to WDSuite’s CRE market data.
Located in Zephyrhills within the Tampa–St. Petersburg–Clearwater metro, the neighborhood shows modest livability fundamentals with limited on-block retail and services. Investors should underwrite with the expectation that residents may depend on nearby corridors for daily needs, which can place more emphasis on property-level amenities and management to support retention.
The property 9s 1989 vintage is somewhat newer than the area 9s average construction year of 1981. For investors, this suggests relatively competitive positioning versus older local stock, while still planning for system updates and targeted interior improvements that can enhance leasing and justify renovations within a value-add program.
At the neighborhood level, occupancy is lower than many metro peers and sits in the lower range nationally, which calls for conservative lease-up and renewal assumptions. However, within a 3-mile radius, population and household counts have expanded in recent years and are projected to continue increasing through the forecast horizon, indicating a larger tenant base that can support occupancy stability over time.
Ownership costs in the immediate area are comparatively more accessible than many U.S. neighborhoods. That context can introduce some competition from entry-level ownership, so underwriting should prioritize renter value, unit size differentiation, and service quality. Median rent levels in the 3-mile area have risen and are projected to trend higher, and the rent-to-income profile indicates manageable affordability pressure; thoughtful lease management can balance pricing power with retention, based on commercial real estate analysis from WDSuite.
Comparable, metro-ranked crime metrics are not available for this neighborhood in the current WDSuite release. Without consistent rank and percentile data, investors typically benchmark the area against broader Tampa–St. Petersburg–Clearwater trends and rely on standard diligence such as recent police reports and property-level incident history.
Absent published rankings, frame safety assumptions conservatively in the model and consider on-site measures (lighting, access control, and community engagement) appropriate for an inner-suburban asset until more granular data can be reviewed.
Regional employment is anchored by insurance, grocery HQ operations, financial services, and healthcare administration within commutable distances. These employers support a steady renter pipeline and can aid retention through stable white-collar and services employment: MetLife Insurance Company, Publix Super Markets, Raymond James, Wellcare, and Wellcare Health Plans.
- MetLife Insurance Company — insurance (14.9 miles)
- Publix Super Markets — grocery corporate (19.2 miles) — HQ
- Raymond James — financial services (23.1 miles)
- Wellcare — healthcare services (27.4 miles)
- Wellcare Health Plans — managed care (27.5 miles) — HQ
39200 Village Chase comprises 47 units with larger average floor plans, offering a platform to compete on livability and retention. The 1989 vintage is newer than the neighborhood 9s average, suggesting relative competitiveness versus older stock while warranting planning for aging systems and strategic interior refreshes. Within a 3-mile radius, population and household growth, alongside rising incomes, indicate a gradually expanding renter pool that can support occupancy stability as rents trend upward, based on CRE market data from WDSuite.
Key underwriting considerations include the neighborhood 9s lower occupancy relative to many metro peers and limited on-neighborhood amenities, which heighten the importance of property operations and value-add execution. Ownership costs are comparatively accessible locally, so positioning should emphasize renter value and service to mitigate competition from entry-level ownership.
- 1989 vintage newer than local average; plan targeted CapEx to sustain competitiveness.
- Larger average unit sizes support family appeal and lease retention.
- Expanding 3-mile population and household counts point to a larger tenant base over the forecast period.
- Rising rents with manageable rent-to-income dynamics support measured pricing power with careful lease management.
- Risks: lower neighborhood occupancy versus metro, limited amenities, and competition from comparatively accessible ownership options.