| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 53rd | Best |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1325 Grasslands Blvd, Lakeland, FL, 33803, US |
| Region / Metro | Lakeland |
| Year of Construction | 1999 |
| Units | 117 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1325 Grasslands Blvd Lakeland Multifamily Investment
In an A-rated suburban location ranking in the top quartile among 184 Lakeland–Winter Haven neighborhoods, this 117-unit asset benefits from steady renter demand and balanced affordability, according to WDSuite’s CRE market data.
The area is suburban with an A neighborhood rating and ranks 25th of 184 in the Lakeland–Winter Haven metro, placing it in the top quartile locally. Neighborhood occupancy is 88.3%, supporting leasing stability for multifamily; median contract rents track in the upper national half, while a rent-to-income ratio near 0.22 suggests manageable affordability pressure and potential for renewal retention.
The property’s 1999 vintage is somewhat newer than the neighborhood’s average construction year (1993). That positioning can be competitive versus older stock, while investors should plan for mid-life system updates and targeted renovations to sustain performance.
Within a 3-mile radius, recent population and household growth has expanded the local tenant base, and projections to 2028 point to further population gains and a meaningful increase in households. Together with rising incomes, these trends support occupancy stability and deepen the renter pool.
Amenity access is mixed: grocery and restaurant density is competitive for the metro, whereas cafes, childcare, and parks are less prevalent. On-site community programming and amenities can help offset these gaps and reinforce retention.
Safety indicators show a mixed but generally steady profile. Relative to 184 metro neighborhoods, the area sits around the middle of the pack. Nationally, overall safety trends modestly above the median, with violent-offense measures stronger (top quartile nationally) and property-offense measures closer to the national midpoint. Recent data also indicates year-over-year improvement in violent-offense rates. Investors should underwrite practical measures such as lighting, access controls, and active management.
Nearby employers anchor a diverse workforce and support renter demand and commute convenience, notably Publix Super Markets, Mosaic, Cardinal Health, MetLife Insurance Company, and Airgas Specialty Products.
- Publix Super Markets — grocery retail (2.3 miles) — HQ
- Mosaic — chemicals & agriculture (14.0 miles)
- Cardinal Health — healthcare distribution (25.1 miles)
- MetLife Insurance Company — insurance (25.6 miles)
- Airgas Specialty Products — industrial gases (27.7 miles)
This 117-unit, 1999-vintage property sits in a top-quartile Lakeland–Winter Haven neighborhood where occupancy is solid and renter affordability remains comparatively manageable. Within a 3-mile radius, population and households have grown and are projected to expand further by 2028, supporting a larger tenant base and leasing stability. Neighborhood NOI per unit trends are in the low-$10,000s and rank above national norms, based on CRE market data from WDSuite.
Slightly newer than the neighborhood average, the asset can compete well against older stock, with potential to unlock value through selective modernization and in-unit upgrades. Investors should account for mixed but improving safety signals and patchy off-site amenities, which can be mitigated through on-site programming and resident experience.
- Top-quartile metro location with steady neighborhood occupancy
- Manageable rent-to-income dynamics support renewal retention and pricing control
- 1999 vintage offers value-add potential via targeted system and interior upgrades
- 3-mile population and household growth expands the renter pool
- Risk: mixed safety and amenity gaps; mitigate with on-site security, lighting, and community features