| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 59th | Good |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11000 62nd Ave, Seminole, FL, 33772, US |
| Region / Metro | Seminole |
| Year of Construction | 1973 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11000 62nd Ave Seminole Multifamily Value-Add
Stabilized renter demand in Seminole’s inner-suburban setting, according to WDSuite’s CRE market data, pairs with an older 1973 vintage that may support targeted upgrades for rent and retention gains.
Seminole’s inner-suburban location offers daily conveniences and services that resonate with workforce renters. Neighborhood ratings point to strong restaurant density (top decile nationally) alongside above-average access to pharmacies and childcare, while cafes, parks, and grocery options are comparatively limited. For investors, this mix supports day-to-day livability even as lifestyle retail is thinner than in core nodes.
Neighborhood schools average near the national upper half, and household incomes trend mixed—median levels closer to national norms with a wide range across brackets. Rent levels sit above the national midpoint, and the neighborhood’s rent-to-income profile indicates manageable affordability that can help sustain tenant retention.
On fundamentals, the neighborhood’s occupancy rate tracks below both metro and national medians, which warrants attention to leasing and renewal execution. At the same time, the share of renter-occupied housing units is above the metro median (ranked 187 out of 710 metro neighborhoods), signaling a deeper renter pool than many Tampa–St. Petersburg–Clearwater submarkets. Construction skews somewhat newer across the area, but this specific asset’s 1973 vintage positions it as a candidate for value-add to stay competitive.
Within a 3-mile radius, recent population growth has been modest with additional gains projected by 2028, and households are expected to increase even as average household size trends slightly smaller. This points to a larger tenant base over time and supports occupancy stability. These neighborhood and demographic signals, based on commercial real estate analysis from WDSuite, suggest steady renter demand with upside from thoughtful renovations and operations.
Relative to the Tampa–St. Petersburg–Clearwater metro, the neighborhood’s crime rank sits in the lower tier (520 out of 710), indicating crime incidence above metro averages. Nationally, the neighborhood falls below the midpoint for safety, placing in a lower national percentile.
Recent trends show a year-over-year uptick in property offenses, while violent offense levels remain comparatively lower than property-related activity. Investors should underwrite with prudent security measures and lease management, balancing these factors against location fundamentals and renter demand.
Nearby corporate anchors provide a diversified white-collar employment base that supports leasing and retention through commute convenience. Key employers within roughly 8–21 miles include Tech Data, Raymond James Financial, Jabil Circuit, and Wellcare Health Plans.
- Tech Data — corporate offices (8.0 miles) — HQ
- Raymond James Financial — corporate offices (8.6 miles) — HQ
- Jabil Circuit — corporate offices (9.3 miles) — HQ
- Wellcare Health Plans — corporate offices (20.5 miles) — HQ
- Cardinal Health — corporate offices (26.7 miles)
This 72-unit asset built in 1973 offers a pragmatic value-add angle in an inner-suburban neighborhood where renter demand is supported by core services and access to major employers. According to CRE market data from WDSuite, neighborhood occupancy trails metro medians, so value is likely driven by operational execution and targeted renovations that improve competitiveness versus newer stock.
Within a 3-mile radius, population growth has been positive with additional gains projected, and households are expected to increase even as average household size trends slightly smaller—expanding the tenant base and supporting occupancy stability. Ownership costs in the area sit around national midpoints, which can introduce some competition from entry-level ownership, but the renter-occupied share is above the metro median, indicating depth for multifamily leasing.
- 1973 vintage positions the property for value-add and CapEx-driven rent and retention gains
- Renter-occupied share above metro median signals a deeper tenant pool
- 3-mile population and household growth support long-run leasing and occupancy stability
- Proximity to regional corporate anchors underpins workforce housing demand
- Risk: neighborhood occupancy trails metro averages—underwrite lease-up, renewals, and incentives accordingly