| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 83rd | Best |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9615 Gulf Blvd, Treasure Island, FL, 33706, US |
| Region / Metro | Treasure Island |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9615 Gulf Blvd Treasure Island Multifamily Investment
High home values in this Pinellas coastal neighborhood support durable renter demand and pricing discipline, according to CRE market data from WDSuite. Expect investor appeal driven more by location fundamentals than by concession-led lease-up.
Treasure Island posts strong lifestyle fundamentals for renters, with restaurant and park access ranking competitive among Tampa-St. Petersburg-Clearwater neighborhoods (12th and 4th out of 710, respectively) and both sitting in the top quartile nationally. Grocery availability is also competitive metro-wide (19th of 710) and in the upper national percentiles, supporting day-to-day convenience that can aid tenant retention.
At the neighborhood level, median contract rents track above national norms (upper national percentiles), while median home values are elevated, a high-cost ownership backdrop that tends to sustain reliance on rentals and supports pricing power over time. Within a 3-mile radius, the housing stock is predominantly owner-occupied (about three-quarters), with renter-occupied units accounting for roughly a quarter; for investors, that indicates a thinner immediate renter base in the micro-neighborhood but less direct competition from nearby rental supply.
Demographics aggregated within a 3-mile radius show a relatively older population mix today and modest population slippage in recent years, but forecasts point to population growth and a meaningful increase in households over the next five years. Rising median incomes and projected rent levels in that same radius suggest a larger tenant base with the capacity to absorb market-rate units, which can help support occupancy stability and renewals.
Amenity gaps do exist: café and childcare density rank near the bottom of the metro (both toward the back of 710 neighborhoods). However, the combination of parks, restaurants, groceries, and pharmacy access (upper national percentiles) provides practical convenience that underpins the neighborhood’s A rating and positions it above the metro median for overall livability.
Safety trends are mixed. On a metro basis, the neighborhood sits around the middle of the pack (355th of 710) and below the national median for overall safety. Property crime metrics are comparatively elevated versus national norms (lower national percentile), which warrants prudent security and asset management planning.
That said, violent offense rates have improved, with a notable year-over-year decline placing the trend in the stronger end of national comparisons (upper national percentiles for improvement). Investors should weigh stable operations and tenant experience measures—lighting, access control, and coordination with local resources—to support leasing and retention.
The wider employment base includes corporate offices across electronics manufacturing, financial services, IT distribution, and managed care, offering diversified white-collar demand and commute convenience that can reinforce leasing stability.
- Jabil Circuit — electronics manufacturing services (9.9 miles)
- Raymond James Financial — financial services (10.7 miles) — HQ
- Tech Data — IT distribution (11.6 miles) — HQ
- Wellcare Health Plans — managed care (23.1 miles) — HQ
Built in 1974, the 24-unit asset’s vintage points to potential value-add through targeted renovations and systems upgrades, with smaller average unit sizes (~368 sq. ft.) offering efficient layouts that can support competitive rent per square foot. Elevated neighborhood home values and above-national rent positioning indicate a market that sustains rental demand and can reward well-executed repositioning, based on CRE market data from WDSuite.
Within a 3-mile radius, forecasts call for population and household growth alongside rising incomes and rents, expanding the tenant pool and supporting occupancy stability. Strong access to parks, restaurants, groceries, and pharmacies (top national percentiles) adds a livability edge that can aid retention, while an owner-leaning tenure mix nearby implies measured competitive pressure from rental alternatives.
- Value-add upside from 1974 vintage via finishes and building systems
- Elevated home values reinforce renter reliance, supporting pricing power
- 3-mile forecasts indicate renter pool expansion and income growth
- Amenity-rich location (parks, dining, groceries) supports retention
- Risks: owner-leaning tenure nearby and comparatively higher property crime call for disciplined leasing and security planning