| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Poor |
| Demographics | 49th | Fair |
| Amenities | 8th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 39301 Greenmeadow Dr, Zephyrhills, FL, 33542, US |
| Region / Metro | Zephyrhills |
| Year of Construction | 1983 |
| Units | 30 |
| Transaction Date | 2008-08-15 |
| Transaction Price | $925,000 |
| Buyer | KINSMAN PROPERTIES LLC |
| Seller | KINSMAN HARRY JEFFERSON |
39301 Greenmeadow Dr Zephyrhills Multifamily Investment
1983 vintage, 30-unit asset positioned for operational and renovation upside as nearby household counts expand, according to WDSuite’s CRE market data. Neighborhood occupancy trends are softer, but a growing 3-mile renter base supports a pragmatic lease-up and value-add plan.
Located in Zephyrhills within the Tampa–St. Petersburg–Clearwater metro, the neighborhood skews rural with limited immediate amenities; residents typically rely on broader corridor services for shopping and dining. For investors, this often translates to a value-oriented tenant profile and sensitivity to commute convenience over lifestyle retail.
The neighborhood s typical construction year trends newer than this property (2002 average vs. the asset s 1983), signaling potential competitive pressure from more recent stock. That gap can be addressed through targeted capital plans that modernize interiors, curb appeal, and building systems to improve positioning versus 2000s-era comparables.
Neighborhood occupancy runs below many metro submarkets and below national norms; this is a neighborhood statistic, not the property s performance. Operators should plan for active marketing, thoughtful concessions, and retention strategies to stabilize traffic and limit turnover risk.
Within a 3-mile radius, WDSuite s data indicates population growth with households and families increasing, pointing to a larger tenant base over time. Renter-occupied share within this 3-mile area supports steady demand for multifamily, while elevated rent-to-income dynamics in the neighborhood suggest careful pricing and renewal management to sustain occupancy.
Comparable safety metrics for this neighborhood are not available in the current WDSuite release. Investors typically benchmark property-level experience and local law-enforcement trend reports against metro peers to gauge relative safety and potential impacts on leasing velocity and retention.
Regional employers within commuting range support workforce housing demand and help underpin leasing stability. Notable nearby corporate offices include insurance, grocery retail headquarters, financial services, and healthcare-related firms listed below.
- MetLife Insurance Company insurance (14.2 miles)
- Publix Super Markets grocery retail (17.6 miles) HQ
- Raymond James financial services (22.5 miles)
- Cardinal Health healthcare distribution (26.0 miles)
- Wellcare healthcare services (26.6 miles)
This 30-unit, 1983-vintage property offers a straightforward value-add path in a rural Zephyrhills submarket where newer stock is common. According to CRE market data from WDSuite, neighborhood occupancy is softer than metro norms, but 3-mile population and household growth point to gradual renter pool expansion. Focused renovations and disciplined rent setting can improve competitive standing against early-2000s assets while balancing affordability pressure.
Ownership costs in the broader area remain comparatively accessible, so sustained leasing performance will rely on operational execution, renewal management, and capturing workforce demand from nearby employment nodes. The thesis favors cost-effective unit upgrades, exterior refresh, and tenant-experience improvements to drive absorption and retention.
- Value-add potential from 1983 vintage versus a neighborhood average near 2002
- Growing 3-mile population and households support a larger renter base over time
- Commutable access to diversified employers underpins workforce housing demand
- Pricing and renewal discipline recommended given neighborhood rent-to-income pressure
- Leasing risk: neighborhood-level occupancy trends run below metro and national norms