| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Poor |
| Demographics | 25th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6006 Green Dr, Zephyrhills, FL, 33542, US |
| Region / Metro | Zephyrhills |
| Year of Construction | 1986 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6006 Green Dr, Zephyrhills FL Multifamily Investment
Stabilization and value-add potential are supported by steady household growth within a 3-mile radius, according to WDSuite’s CRE market data. The 1986 vintage positions the asset to compete against older local stock while allowing targeted renovations to drive rent and retention.
Located in Zephyrhills within the Tampa–St. Petersburg–Clearwater metro, this Inner Suburb submarket skews more residential with limited immediate amenities. Neighborhood-level amenity density ranks below the metro median (710 neighborhoods in the metro), so daily conveniences typically concentrate along larger corridors rather than within the immediate blocks.
At the neighborhood scale, occupancy trends sit below metro norms, suggesting leasing execution matters; however, the broader 3-mile area shows population and household growth over the last five years with further expansion projected by 2028, which supports a larger tenant base and helps backfill demand.
Renter-occupied share at the neighborhood level is modest, indicating a thinner immediate tenant pool, but the 3-mile radius provides broader demand capture. Median home values are comparatively lower in this pocket of Pasco County, which can create some competition from entry-level ownership; investors may see stronger appeal by emphasizing convenience, maintenance-free living, and renovated interiors to support pricing and lease retention.
The property’s 1986 construction is newer than the neighborhood’s average vintage (measured against 710 metro neighborhoods), which can be a competitive edge versus older buildings; investors should still plan for aging systems and targeted modernization to sustain occupancy and NOI.
Comparable, property-specific crime statistics are not available in the dataset provided. Investors should evaluate multi-year trends using city and county sources and consider how the submarket compares to regional patterns, as neighborhood safety can influence tenant retention and achievable rent levels.
Regional employment is diversified across insurance, retail headquarters, and healthcare, providing a commute-friendly base that can support renter demand and lease stability. Notable employers within a practical drive include MetLife, Publix, Raymond James, and Wellcare.
- MetLife Insurance Company — insurance (14.8 miles)
- Publix Super Markets — retail HQ/administration (19.3 miles) — HQ
- Raymond James — financial services offices (22.9 miles)
- Wellcare — healthcare services (27.2 miles)
- Wellcare Health Plans — managed care (27.3 miles) — HQ
This 36-unit, 1986-vintage asset in Zephyrhills offers a practical value-add path: interiors and building systems can be modernized to improve competitiveness versus older neighborhood stock while targeting steady occupancy. The immediate neighborhood shows thinner renter concentration and limited amenities, so performance hinges on execution; however, the 3-mile area exhibits population growth and an increasing household base, expanding the renter pool and supporting leasing.
Lower relative home values nearby may create ownership competition, but they also frame rentals as a maintenance-free alternative, particularly for downsizers and workforce households. According to CRE market data from WDSuite, neighborhood occupancy trails metro benchmarks, reinforcing the importance of asset-level upgrades, tenant retention programs, and disciplined leasing to capture demand from the broader radius.
- 1986 vintage supports a focused renovation plan to enhance unit quality and operational efficiency.
- 3-mile population and household growth expand the tenant base and support occupancy stability.
- Newer-than-average vintage versus local stock improves competitive positioning post-upgrade.
- Proximity to diversified regional employers underpins workforce demand and leasing.
- Risk: Neighborhood amenities are limited and renter concentration is modest, requiring strong leasing execution and retention strategy.