| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 89th | Best |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3813 Gulf Blvd, St Pete Beach, FL, 33706, US |
| Region / Metro | St Pete Beach |
| Year of Construction | 1973 |
| Units | 72 |
| Transaction Date | 2019-12-09 |
| Transaction Price | $14,500,000 |
| Buyer | SD-SAND COVE LLC |
| Seller | UNITED FIDELITY BANK FSB |
3813 Gulf Blvd St. Pete Beach Multifamily Investment
Coastal, owner‑heavy neighborhood with elevated home values supports durable renter demand, according to WDSuite’s CRE market data. Expect steady interest from higher‑income tenants seeking beach‑adjacent convenience and limited rental stock.
St. Pete Beach’s neighborhood fundamentals skew upscale and lifestyle-driven, with an A+ neighborhood rating and strong placement among Tampa–St. Petersburg–Clearwater submarkets (19th of 710 neighborhoods), signaling competitive location quality. Restaurants and daily-needs retail are a strength, with neighborhood access to dining and groceries performing in the top decile nationally, while parks access also ranks high—supporting leisure appeal and year-round livability.
Housing is primarily owner-occupied locally (neighborhood renter concentration is low), which limits rental supply and can support pricing power and retention for well-positioned assets. In the 3-mile radius, demographics indicate a smaller-household, higher-income base with a materially older population mix; this skews the renter profile toward convenience- and lifestyle-motivated households. Elevated neighborhood home values (96th percentile nationally) point to a high-cost ownership market that tends to sustain reliance on multifamily housing among renters, a constructive backdrop for occupancy and renewals.
Within a 3-mile radius, population has grown modestly with future projections calling for further population growth and a larger number of households as average household size trends lower. For investors, that implies a gradual expansion of the renter pool and stable demand for professionally managed units—an insight grounded in commercial real estate analysis from WDSuite’s data.
On amenities, the neighborhood scores competitively among metro peers: restaurants and groceries are in the top national percentiles, parks access is similarly strong, and pharmacies and childcare options rank above the national median. The café count is limited, but that is outweighed by the broader service mix and beach-oriented lifestyle drivers that support tenant attraction and retention.
Safety indicators are mixed when compared nationally. Violent-offense levels sit near the national midpoint, while property-offense measures track weaker than average. Notably, recent year-over-year trends show a meaningful improvement in violent offenses (high national-percentile improvement), suggesting constructive momentum. Within the Tampa–St. Petersburg–Clearwater metro, the neighborhood’s overall crime positioning is below the metro median (ranked 274 among 710 neighborhoods), which investors should incorporate into leasing and security planning.
As always, conditions can vary block to block and over time. Owners typically mitigate risk through lighting, access controls, and resident engagement, aligning operational practices with evolving local trends.
Proximity to a diversified base of corporate offices supports leasing from professionals seeking shorter commutes. Notable nearby employers include Jabil, Raymond James Financial, Tech Data, and WellCare Health Plans, which collectively underpin white-collar demand drivers for the area.
- Jabil Circuit — electronics manufacturing & corporate offices (11.9 miles) — HQ
- Raymond James Financial — financial services (12.6 miles) — HQ
- Tech Data — IT distribution (14.1 miles) — HQ
- Wellcare Health Plans — managed care (24.8 miles) — HQ
3813 Gulf Blvd is positioned in a high-amenity, beach-adjacent neighborhood where ownership costs are elevated and renter supply is comparatively limited—conditions that have historically supported occupancy stability and renewal capture for well-maintained assets. Based on CRE market data from WDSuite, local dining, grocery, and park access track in top national percentiles, while the 3-mile radius shows rising incomes and a projected increase in households as average household size declines—factors that can modestly expand the renter pool over time.
The asset’s 1973 vintage calls for thoughtful capital planning—modernization of interiors, building systems, and common areas can enhance competitiveness against newer supply while leveraging the property’s coastal location. The submarket’s owner-weighted tenure mix and high-cost ownership landscape support multifamily demand; risks include comparatively weaker property-crime readings and a renter base that may be seasonal in a resort-oriented setting, both manageable with targeted operations.
- Beach-adjacent location with top-tier dining, grocery, and park access supports tenant attraction and retention.
- Owner-heavy housing stock and elevated home values sustain reliance on rentals and pricing power potential.
- 3-mile demographics indicate rising incomes and more households, expanding the renter base over time.
- 1973 vintage offers value-add potential via systems upgrades and interior modernization; monitor property-crime trends and seasonal demand risk.