| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Poor |
| Demographics | 25th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 39215 Park Place Cir, Zephyrhills, FL, 33542, US |
| Region / Metro | Zephyrhills |
| Year of Construction | 1985 |
| Units | 28 |
| Transaction Date | 2016-09-15 |
| Transaction Price | $1,057,000 |
| Buyer | HALLMARK PARK PLACE LLC |
| Seller | PARK LANE TOWNHOMES LTD |
39215 Park Place Cir Zephyrhills 28-Unit Multifamily
According to WDSuite’s CRE market data, steady household growth in the surrounding area and access to Tampa regional employers support renter demand, suggesting a focus on value-oriented positioning and retention.
Located in Zephyrhills within the Tampa–St. Petersburg–Clearwater metro, the property sits in an inner-suburb setting where neighborhood amenities are sparse compared with most of the metro. This submarket context points to a value-driven renter profile and the need for practical on-site conveniences to aid leasing and retention.
Demographic statistics aggregated within a 3-mile radius indicate notable population and household growth over the last five years, with additional increases projected through 2028. That trajectory expands the local tenant base and can support occupancy stability as new households look for attainable rental options, based on CRE market data from WDSuite.
The renter-occupied share within 3 miles is roughly one-quarter of housing units, signaling a meaningful but not dominant renter pool. For investors, this typically favors demand for well-managed workforce housing while requiring competitive pricing and targeted marketing to maintain absorption.
Ownership costs in the immediate area are relatively accessible compared with many U.S. markets, which can increase competition from entry-level ownership. For multifamily operators, this dynamic emphasizes the importance of value features, professional management, and lease management practices to sustain pricing power and renewals. Neighborhood occupancy trends are below metro norms, so active leasing and resident services may be important to drive stability.
Construction patterns nearby skew slightly older than modern product, and this 1985 asset is somewhat newer than the neighborhood average vintage. That positioning can be competitive versus older stock, while still benefiting from select modernization to common areas and building systems to support rents and resident retention.
Comparable, neighborhood-level crime statistics are not available in the provided dataset for this location. Investors commonly benchmark safety using multiple sources and timeframes; regional trend reviews, local law enforcement summaries, and property-level incident histories can help contextualize conditions without over-relying on any single metric.
Given the inner-suburb setting, safety perceptions may vary block by block. A prudent underwriting approach pairs third-party data with on-the-ground observations and resident feedback to form a balanced view of risk and its potential impact on leasing and retention.
The employment base within commuting range blends insurance, grocery headquarters, finance, and healthcare—sectors that can support steady renter demand and renewals for workforce-oriented communities. Notable nearby employers include MetLife, Publix Super Markets, Raymond James, and Wellcare/Wellcare Health Plans.
- MetLife Insurance Company — insurance (15.1 miles)
- Publix Super Markets — grocery retail HQ (19.5 miles) — HQ
- Raymond James — financial services (23.3 miles)
- Wellcare — healthcare services (27.6 miles)
- Wellcare Health Plans — managed care (27.7 miles) — HQ
This 28-unit, 1985-vintage property offers a practical workforce housing play in an inner-suburb Zephyrhills location. The asset is slightly newer than the neighborhood’s average vintage, which can be advantageous versus older local stock, while still presenting opportunities for targeted modernization to enhance leasing velocity and renewals. Demographic trends within a 3-mile radius show population and household growth, expanding the renter pool and supporting long-run occupancy, according to commercial real estate analysis from WDSuite.
At the neighborhood level, amenities are limited and occupancy runs below broader metro norms, so performance will hinge on competitive positioning, on-site convenience, and proactive management. Homeownership remains relatively accessible nearby, which can create competition with rentals; emphasizing value, service, and modest unit upgrades can help sustain pricing power without overextending affordability.
- 1985 vintage offers light value-add via common-area and system updates to differentiate from older stock.
- Expanding 3-mile population and households broaden the tenant base and support occupancy over time.
- Commutable access to diversified employers (insurance, grocery HQ, finance, healthcare) underpins workforce demand.
- Value-oriented strategy and professional management can offset limited neighborhood amenities and below-metro occupancy.
- Risk: competition from accessible ownership options may pressure rent growth without clear value differentiation.