| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 69th | Best |
| Amenities | 51st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7770 Starkey Rd, Seminole, FL, 33777, US |
| Region / Metro | Seminole |
| Year of Construction | 1984 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7770 Starkey Rd Seminole FL Multifamily Investment
Workforce demand and household incomes in Seminole support steady renter interest, according to WDSuite’s CRE market data, with proximity to major employers reinforcing leasing resilience.
Seminole’s suburban setting offers daily convenience for renters: restaurants and pharmacies index well versus national norms, while grocery access is solid. By contrast, parks and café density are limited, which may cap some lifestyle appeal but also helps keep the focus on practical amenities. Schools average 3.5 out of 5 and sit in the top quartile nationally, a supportive signal for family-oriented tenancy.
Compared with the Tampa–St. Petersburg–Clearwater metro, the neighborhood’s overall profile is competitive among 710 neighborhoods (ranked 178), indicating above-median local dynamics for investors evaluating location quality. Amenity positioning is similarly competitive (rank 230 of 710), while neighborhood occupancy is below many metro areas but has trended upward in recent years; these are neighborhood-level metrics, not property performance.
Housing stock skews moderately newer than the metro average, and this 1984 vintage positions the property ahead of older 1970s inventory for unit livability and operating competitiveness. That said, systems from the 1980s may still warrant targeted modernization to sustain rentability and control capital expenditures.
Within a 3-mile radius, demographics indicate a stable base today with projections calling for population growth and a notable increase in households over the next five years, expanding the renter pool and supporting occupancy stability. Renter-occupied units account for roughly one-quarter of housing, suggesting a meaningful but not saturated tenant base. Median home values are moderate for the region, which can create some competition from entry-level ownership; investors should plan leasing strategies and finishes accordingly. Median rents and rent-to-income ratios point to some affordability pressure, a factor to manage through unit mix and revenue management, based on multifamily property research from WDSuite.
Safety indicators for the neighborhood are below the national median, with national percentiles in the lower third for both property and violent offenses. Within the Tampa–St. Petersburg–Clearwater metro, the neighborhood’s crime ranking sits below the metro average (ranked 549 among 710 neighborhoods), signaling that investors should underwrite with prudent assumptions for security measures and potential operating expenses.
Recent year data show an uptick in reported offenses; monitoring trendlines and coordinating with local management to calibrate lighting, access control, and resident engagement can help support retention and leasing stability. These figures reflect neighborhood-wide conditions rather than activity specific to the property.
The immediate employment base features large corporate offices in technology and financial services, supporting commuter convenience and a stable pool of renters. Key nearby employers include Tech Data, Raymond James Financial, Jabil, and Wellcare Health Plans.
- Tech Data — technology distribution (6.2 miles) — HQ
- Raymond James Financial — financial services (6.6 miles) — HQ
- Jabil Circuit — electronics manufacturing (6.8 miles)
- Jabil Circuit — electronics manufacturing (7.3 miles) — HQ
- Wellcare Health Plans — managed care (18.5 miles) — HQ
The property’s 1984 construction is newer than much of the surrounding 1970s housing stock, offering a competitive position for unit functionality while leaving room for selective renovations to enhance rentability and control long-run CapEx. Neighborhood occupancy has been improving but remains below stronger metro pockets, suggesting measured rent growth expectations and an emphasis on retention. According to CRE market data from WDSuite, local rent-to-income dynamics indicate some affordability pressure; underwriting should prioritize pragmatic finishes, thoughtful unit mix, and renewal strategies.
Within a 3-mile radius, population is expected to grow with a material increase in households, expanding the tenant base and supporting demand stability. Moderate home values imply some competition from ownership, but proximity to major employers and solid daily amenities should sustain renter demand. Overall, the thesis favors durable occupancy with operational focus, plus value-add opportunity tied to targeted modernization.
- Newer 1984 vintage versus local 1970s stock supports competitive positioning with targeted modernization potential
- Employer proximity (technology and financial services) underpins commuter demand and leasing stability
- 3-mile forecasts indicate population and household growth, expanding the renter pool and supporting occupancy
- Moderate ownership costs may compete with rentals—focus on finishes, service quality, and renewals
- Risk: neighborhood safety trends and rent-to-income pressure call for prudent underwriting and security planning