| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 59th | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 S Walton Ave, Tarpon Springs, FL, 34689, US |
| Region / Metro | Tarpon Springs |
| Year of Construction | 1982 |
| Units | 80 |
| Transaction Date | 2004-08-31 |
| Transaction Price | $2,044,000 |
| Buyer | NHDC SANDPIPER VILLAGE APARTMENTS INC |
| Seller | SANDPIPER VILLAGE LTD |
300 S Walton Ave Tarpon Springs Multifamily Opportunity
Positioned in a suburban pocket with strong amenity access and a growing household base, this asset benefits from stable renter demand according to WDSuite’s CRE market data.
Tarpon Springs sits within the Tampa–St. Petersburg–Clearwater metro and this neighborhood is competitive among metro peers (ranked 201 of 710, rated B+), supported by dense retail and daily-needs access. Restaurants and cafes score in the top decile nationally, while grocery, parks, and pharmacies are also above average, which supports leasing and resident retention for workforce-oriented properties.
Neighborhood housing data indicate an occupancy rate that trails national norms, suggesting operators should emphasize marketing and renewal strategies to sustain stability. Renter-occupied share is roughly one-fifth of units, pointing to a thinner local renter base; however, the larger metro’s depth and commuting links can broaden the tenant catchment beyond the immediate blocks.
Within a 3-mile radius, demographics from WDSuite show modest recent population growth alongside a 5-year increase in households, with forecasts pointing to further household growth through 2028. Smaller average household size and a rising share of adults aged 18–34 imply a larger pool of renters and demand for efficient layouts, aligning with studio and one-bedroom offerings.
Ownership costs sit near national medians, which can temper extreme pricing power but also sustain steady rental housing reliance. Rent-to-income metrics indicate manageable affordability pressure, supporting renewal prospects provided operators calibrate rents to market conditions and maintain unit quality.
Safety indicators for the neighborhood are below national averages (national safety percentile in the lower range), and the area ranks weaker than many Tampa–St. Petersburg–Clearwater neighborhoods (rank 582 of 710). For investors, this suggests underwriting that accounts for security enhancements, lighting, and community programming, along with proactive coordination with local resources.
Property and violent offense rates can be variable year to year; monitoring trend direction and investing in on-site measures can help support resident retention and leasing performance versus nearby alternatives.
Regional employers within commuting distance help support renter demand and retention, notably in healthcare, financial services, electronics manufacturing, and IT distribution. The list below reflects nearby anchors that broaden the prospective tenant base beyond the immediate neighborhood.
- Wellcare Health Plans — healthcare insurance (14.3 miles) — HQ
- Raymond James — financial services (15.2 miles)
- Tech Data — IT distribution (15.8 miles) — HQ
- Raymond James Financial — financial services (18.4 miles) — HQ
- Jabil Circuit — electronics manufacturing (20.0 miles) — HQ
This 80-unit property combines an amenity-rich suburban location with a growing regional employment base and a 3-mile outlook that indicates household expansion through 2028. Based on CRE market data from WDSuite, neighborhood occupancy trends are softer than national norms, but strong daily-needs access and top-tier food-and-beverage density support leasing momentum for well-managed assets.
The unit mix’s efficient footprints are positioned for smaller households and young professionals as the local renter pool expands, while ownership costs near national medians suggest steady rental reliance rather than outsized pricing power. Underwriting should factor in security measures and active renewal management given safety rankings and a renter concentration that is lower than many urban neighborhoods.
- Amenity-rich setting with top-quartile dining and daily-needs access that supports retention.
- 3-mile radius shows household growth and smaller household sizes, reinforcing demand for efficient units.
- Regional anchors in healthcare, finance, and tech broaden the tenant base and support leasing.
- Manage to market: neighborhood occupancy trends below national norms call for proactive leasing and renewals.
- Risk: safety metrics lag metro and national benchmarks—plan for security investments and community engagement.