| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 53rd | Fair |
| Amenities | 51st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7700 66th St N, Pinellas Park, FL, 33781, US |
| Region / Metro | Pinellas Park |
| Year of Construction | 1980 |
| Units | 89 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7700 66th St N Pinellas Park Multifamily Investment
Neighborhood fundamentals point to steady renter demand supported by nearby employment and everyday amenities, while ownership remains relatively accessible, according to WDSuite’s CRE market data. Investors should view this as a cash flow–oriented asset with balanced upside tied to leasing execution and unit positioning.
Located in an inner suburb of the Tampa–St. Petersburg–Clearwater metro, the neighborhood scores B+ and is competitive among 710 metro neighborhoods. Daily needs are convenient with grocery and pharmacy access performing above national medians, and a solid restaurant/cafe mix. Limited park access may modestly reduce lifestyle appeal compared with top-tier suburban nodes.
Renter-occupied housing represents roughly a quarter of neighborhood units, indicating a moderate renter concentration and a stable, but not overly deep, tenant base for multifamily. Neighborhood occupancy has trended up modestly over the past five years, supporting income stability for well-managed assets.
Within a 3-mile radius, demographics show near-term stability with mixed recent trends but projections through 2028 indicate population growth and a notable increase in households, signaling potential renter pool expansion. This points to future leasing depth if properties are competitively finished and priced.
Home values sit in a mid-range for the metro, and rent-to-income metrics suggest manageable affordability pressure. In practice, this creates a balanced setup: accessible ownership options can compete with rentals, yet steady household income growth and rising projected rents support pricing power for well-located, professionally managed communities based on CRE market data from WDSuite.
Safety indicators are mixed relative to national comparisons, with the neighborhood tracking below the national middle on violent and property offense benchmarks but improving on a one-year trend. The area is competitive among Tampa–St. Petersburg–Clearwater neighborhoods, and recent declines in estimated property offenses and violent incidents suggest conditions have been easing.
Investors should underwrite conservative security measures and resident experience programs, while noting that trend improvements can support retention and leasing if maintained. Avoid block-level assumptions; performance varies within sub-areas and by property operations.
Proximity to major corporate offices supports a diversified employment base and commute convenience for renters. Notable nearby employers include Jabil Circuit, Raymond James Financial, Tech Data, and Wellcare Health Plans.
- Jabil Circuit — corporate offices (4.9 miles)
- Raymond James Financial — corporate offices (4.9 miles) — HQ
- Jabil Circuit — corporate offices (5.4 miles) — HQ
- Tech Data — corporate offices (5.4 miles) — HQ
- Wellcare Health Plans — corporate offices (17.2 miles) — HQ
This 89-unit property in Pinellas Park benefits from a neighborhood with solid service amenities and a moderate renter-occupied share, supporting steady multifamily demand. Neighborhood occupancy has improved over five years, and 3-mile projections point to population growth and a substantial increase in households by 2028, which can expand the renter pool and support leasing durability if finishes and operations remain competitive.
Home values and rent-to-income measures indicate manageable affordability pressure, suggesting room for disciplined rent growth while watching for competition from accessible ownership options. Safety benchmarks sit below national medians but are trending better year over year. According to CRE market data from WDSuite, these dynamics align with a cash flow–first strategy with selective value-add opportunities tied to unit upgrades and operational execution.
- Moderate renter base and improving neighborhood occupancy support income stability.
- 3-mile projections indicate population and household growth, expanding the future renter pool.
- Amenity access (groceries, pharmacies, dining) underpins everyday convenience and retention.
- Pricing power is supported by manageable rent-to-income metrics; monitor competition from ownership.
- Risk: safety indicators below national medians and limited parks/school ratings warrant conservative underwriting.