| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 54th | Good |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1100 Turner St, Clearwater, FL, 33756, US |
| Region / Metro | Clearwater |
| Year of Construction | 1973 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1100 Turner St Clearwater 33-Unit Multifamily
Renter demand is supported by a high neighborhood renter-occupied share alongside strong grocery and dining coverage, according to CRE market data from WDSuite. These metrics reflect neighborhood conditions rather than the property and point to stable leasing potential with careful management.
Situated in Clearwater’s inner suburb within the Tampa–St. Petersburg–Clearwater metro, the property benefits from essentials-driven amenities: the neighborhood ranks 38th of 710 metro neighborhoods for grocery density, placing it in the top quartile nationally. Restaurant coverage also tracks strong (top quartile nationally), while cafes and parks are limited, suggesting convenience for daily needs but fewer lifestyle amenities nearby, based on WDSuite’s CRE market data.
The local renter base is deep: 59.5% of housing units in the neighborhood are renter-occupied (above most metro peers; 52nd of 710). For investors, this high renter concentration indicates a sizable tenant pool and supports ongoing demand for multifamily units. However, the neighborhood’s housing occupancy rate is weaker (ranked 652 of 710; low nationally), which may introduce leasing and retention variability. These occupancy metrics are measured for the neighborhood, not the property.
Home values in the neighborhood sit modestly above the national median, while rent-to-income levels indicate some affordability pressure for renters. In investor terms, that mix can sustain renter reliance on multifamily housing but warrants attentive lease management and renewal strategies to balance retention and pricing power.
Within a 3-mile radius, demographics show modest recent population growth with a projected expansion over the next five years alongside a larger household count and rising median incomes. This points to a broader renter pool expansion and supports occupancy stability for well-positioned assets. The property’s 1973 construction is older than the neighborhood average (1985), signaling potential capital planning needs and value-add/renovation upside to compete effectively against newer stock.
Neighborhood safety trends are mixed relative to metro and national benchmarks. Overall crime conditions sit below the national median (lower national percentile), and the neighborhood ranks 471st out of 710 metro neighborhoods, indicating weaker comparative safety within the metro. That said, violent offense rates have improved year over year (declining in the most recent period), suggesting some directional progress. These figures reflect neighborhood conditions, not the property.
Nearby corporate anchors provide a diversified employment base that supports workforce housing demand and commute convenience, including technology distribution, financial services, electronics manufacturing, and healthcare plans.
- Tech Data — technology distribution (5.9 miles) — HQ
- Raymond James Financial — financial services (9.1 miles) — HQ
- Jabil Circuit — electronics manufacturing (10.8 miles) — HQ
- Wellcare Health Plans — healthcare plans (15.6 miles) — HQ
1100 Turner St offers investors exposure to a renter-heavy Clearwater neighborhood with strong daily-needs access. Grocery density is competitive among Tampa–St. Petersburg–Clearwater neighborhoods, and restaurants are plentiful, while limited park and cafe options temper lifestyle appeal. Neighborhood housing occupancy is on the softer side, so execution will hinge on targeted leasing and renewal management. According to CRE market data from WDSuite, the area’s renter concentration supports depth of demand, and 3-mile demographic projections indicate population and household growth that can expand the tenant base.
Built in 1973, the asset is older than the neighborhood average, which points to capital planning and potential value-add upgrades to sustain competitiveness and elevate rents relative to comparable stock. Home values are moderately elevated for the region, reinforcing renter reliance on multifamily, but rent-to-income levels suggest investors should balance pricing with retention to maintain occupancy stability.
- Renter-heavy neighborhood supports a large tenant base and ongoing leasing demand.
- Strong grocery and restaurant density underpins livability and day-to-day convenience.
- 1973 vintage presents value-add and modernization opportunities to improve competitive positioning.
- 3-mile population and household growth projections support occupancy stability for well-managed assets.
- Risks: softer neighborhood housing occupancy and below-median safety require disciplined leasing, resident retention, and expense control.