| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 85th | Best |
| Amenities | 10th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11760 Capri Cir S, Treasure Island, FL, 33706, US |
| Region / Metro | Treasure Island |
| Year of Construction | 1973 |
| Units | 20 |
| Transaction Date | 2017-11-15 |
| Transaction Price | $2,650,000 |
| Buyer | K & D AFFILIATES INC |
| Seller | COMMODORE NELSON LLC |
11760 Capri Cir S, Treasure Island FL investment outlook
Positioned in a high-cost ownership pocket of Pinellas County, this 20‑unit 1973 asset offers value‑add potential and exposure to resilient renter demand drivers, according to WDSuite’s CRE market data. Neighborhood-level occupancy and renter concentration trends warrant disciplined operations and targeted renovations to enhance competitiveness.
Treasure Island sits within the Tampa–St. Petersburg–Clearwater metro and carries a neighborhood rating of B. At rank 315 out of 710 metro neighborhoods, it is above the metro median, with demographics that are competitive nationally (top quartile). The area is characterized by smaller household sizes and an Inner Suburb coastal setting, which can support steady interest in well-maintained apartments but may exhibit seasonality.
Neighborhood occupancy is measured at the neighborhood level, not the property, and trails stronger metro submarkets, signaling the need for active leasing and retention strategies. Renter-occupied housing share is lower within the immediate neighborhood, suggesting a thinner in-neighborhood renter base; however, within a 3‑mile radius the larger population and household base supports a broader tenant pool for a 20‑unit property.
Ownership costs are elevated relative to income (high national percentile for value‑to‑income), which tends to reinforce reliance on multifamily rentals and can aid lease retention when units are positioned correctly. Rent-to-income ratios sit at more moderate levels for the neighborhood, implying some pricing flexibility for renovated product while keeping an eye on affordability pressure in lease management.
Amenity density is mixed: restaurants score around the national middle, while grocery, cafes, parks, and pharmacies are sparse within the neighborhood boundary. For investors, this underscores the importance of on‑site convenience features and thoughtful marketing around nearby corridors that serve daily needs.
Safety metrics are mixed compared with both the metro and national landscape. Overall crime performance sits near the national middle, with violent offense rates placing the neighborhood in a stronger position nationally, while property offense indicators are comparatively weaker. These figures reflect neighborhood‑level conditions across Tampa–St. Petersburg–Clearwater and not the property itself.
Within the metro context (710 neighborhoods), recent trends show improvement in violent offenses, contrasted by higher property offense levels. Investors should underwrite security, lighting, and access controls appropriate for a coastal, Inner Suburb location and monitor trendlines rather than single‑year readings.
The employment base nearby is anchored by corporate offices across electronics manufacturing, financial services, distribution, and healthcare, supporting commuter access and a diversified renter pool. The list below highlights major employers within practical driving distance that can underpin leasing and retention.
- Jabil Circuit — corporate offices (9.4 miles)
- Jabil Circuit — corporate offices (10.0 miles) — HQ
- Raymond James Financial — corporate offices (10.0 miles) — HQ
- Tech Data — corporate offices (10.5 miles) — HQ
- Wellcare Health Plans — corporate offices (22.4 miles) — HQ
This 20‑unit property, built in 1973, offers a straightforward value‑add narrative: selective renovations and system upgrades can enhance competitiveness versus older coastal stock while maintaining operating discipline. Based on CRE market data from WDSuite, the neighborhood shows elevated home values and moderate rent-to-income ratios, which can support rental demand and lease retention when units are well‑positioned. While neighborhood‑level occupancy reads below stronger metro pockets, the broader 3‑mile area provides a deeper renter pool and projected growth in households, which helps underpin absorption over a longer hold.
Investor focus should be on capital planning aimed at interiors, mechanicals, and curb appeal to capture pricing power without overreaching on affordability. Marketing to nearby employment centers and emphasizing convenience to regional corridors can counterweigh lighter in‑boundary amenities. Ongoing monitoring of safety trendlines and proactive property management can further support occupancy stability.
- 1973 vintage supports value‑add through targeted renovations and system refreshes
- High-cost ownership context reinforces sustained renter reliance and pricing power
- Broader 3‑mile area indicates a larger tenant base with household growth projections
- Proximity to multiple corporate headquarters supports leasing and retention
- Risks: lower neighborhood occupancy, lighter amenities, and mixed property offense metrics warrant active management