| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 35th | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4520 76th Ave N, Pinellas Park, FL, 33781, US |
| Region / Metro | Pinellas Park |
| Year of Construction | 1981 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4520 76th Ave N, Pinellas Park Multifamily Investment
Neighborhood renter demand is supported by a renter-occupied share in the top quartile locally and steady occupancy, according to WDSuite’s CRE market data. This positions the asset for stable leasing dynamics in an inner-suburban location with everyday amenities.
Located in the Inner Suburb fabric of Pinellas Park within the Tampa–St. Petersburg–Clearwater metro, the neighborhood carries a B rating and ranks 290 out of 710 metro neighborhoods. That places it above the metro median overall and suggests balanced fundamentals for workforce-oriented multifamily.
Amenity access is a relative strength: cafes rank 25 out of 710 (top decile locally; top quartile nationally) and restaurants rank 81 out of 710 (competitive among metro neighborhoods). Grocery and pharmacy presence are also above the metro median (ranks 163 and 117, respectively). Investors should note limited park space and scarce formal childcare within the neighborhood, which may modestly affect family-oriented appeal.
The neighborhood s occupancy is 88.2%, indicating workable leasing conditions, while the share of housing units that are renter-occupied is 43.6%—top quartile among 710 metro neighborhoods—signaling a deep tenant base for multifamily operators. Median contract rents in the neighborhood track above national midpoints, and value-to-income metrics indicate a relatively high-cost ownership market compared with incomes, which can reinforce sustained reliance on rental housing and support retention.
Within a 3-mile radius, population has grown and is projected to continue expanding through 2028, with households also trending higher; this supports a larger tenant base over time. Household sizes are edging smaller in the outlook, which can favor multifamily absorption. These trends, based on CRE market data from WDSuite, point to durable renter demand relative to metro peers.
Safety indicators are mixed and should be underwritten with current comps rather than block-level assumptions. The neighborhood s crime rank sits in the lower half of the metro (401 out of 710), below the metro median and in the lower national percentiles for safety. However, property offenses show a favorable one-year trend with a strong improvement pace (top quartile nationally for rate of decline), which suggests conditions may be stabilizing from a property-crime standpoint.
Violent-offense metrics are weaker, with levels in lower national percentiles and a recent year-over-year increase. Investors should budget for prudent security measures and emphasize tenant screening and lighting/camera upgrades. Compare these dynamics to nearby submarkets when assessing retention and operating expenses.
Proximity to major employers supports commuter convenience and renter retention, led by Jabil Circuit, Raymond James Financial, Tech Data, and Wellcare Health Plans within a practical drive of the property.
- Jabil Circuit — electronics manufacturing (2.9 miles)
- Jabil Circuit — electronics manufacturing (3.5 miles) — HQ
- Raymond James Financial — financial services (3.6 miles) — HQ
- Tech Data — technology distribution (5.3 miles) — HQ
- Wellcare Health Plans — healthcare services (16.0 miles) — HQ
Built in 1981—slightly older than the neighborhood average vintage—this 33‑unit asset offers potential value-add and systems modernization to sharpen competitiveness against nearby stock. Tenure patterns show a renter-occupied share in the top quartile locally, and, according to CRE market data from WDSuite, neighborhood occupancy and amenity access collectively support steady day‑to‑day leasing. Elevated ownership costs relative to incomes help sustain renter reliance, which can aid pricing power when renovations improve unit quality.
Within a 3-mile radius, population and households are projected to expand through 2028, broadening the tenant base and supporting occupancy stability. Key underwriting considerations include measured affordability pressure (rent-to-income dynamics) and mixed safety signals, which can be mitigated with targeted CapEx, security enhancements, and disciplined rent management.
- Inner-suburban location with amenity density that supports leasing and retention
- Renter-occupied share in the top quartile locally indicates a deep tenant pool
- 1981 vintage provides value-add and systems-upgrade opportunity versus older stock
- Nearby corporate employment nodes underpin workforce housing demand
- Risks: affordability pressure and mixed safety metrics require thoughtful rent and Opex management