| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 36th | Good |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1568 Big Oaks Dr, Lakeland, FL, 33810, US |
| Region / Metro | Lakeland |
| Year of Construction | 2013 |
| Units | 20 |
| Transaction Date | 2012-07-25 |
| Transaction Price | $1,550,000 |
| Buyer | BIG OAKS APARTMENTS LLC |
| Seller | LAKE LANDS DEVELOPMENT LLC |
1568 Big Oaks Dr Lakeland Multifamily, 2013 Build
Newer construction positions the asset competitively versus older nearby stock, with neighborhood renter demand supported by balanced tenure and ownership costs, according to WDSuite’s CRE market data.
Located in Lakeland’s inner suburbs, the property benefits from everyday convenience: grocery and restaurant access ranks competitive among the 184 metro neighborhoods, while cafe, park, and pharmacy options are limited. For investors, this mix supports day-to-day livability and commuting utility without relying on lifestyle amenities as the primary draw.
Neighborhood occupancy is competitive among Lakeland–Winter Haven submarkets, and the share of renter-occupied housing is elevated for the area. That combination points to a stable tenant base and supports leasing durability across cycles, though it also warrants disciplined asset management to maintain retention.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to increase further, indicating a larger tenant base ahead. Forecasts also point to smaller average household sizes, which can bolster multifamily demand as more households seek rental options.
Home values in the neighborhood are elevated relative to incomes compared with many U.S. areas, reinforcing reliance on rental housing and supporting pricing power when paired with prudent lease management. School options rate below national averages, which may temper appeal for some family renters but does not preclude steady demand from working households.
Safety indicators are mixed. Compared with other neighborhoods in the Lakeland–Winter Haven metro (184 total), the area sits near the middle of the pack. Nationally, overall safety benchmarks track below average, but violent-offense measures perform in the top half while property-offense measures trend weaker. Recent year-over-year readings show some volatility, so investors should underwrite with appropriate insurance, lighting, and security considerations.
Proximity to regional employers provides a steady commuter tenant base, with jobs spanning grocery headquarters, fertilizers, insurance, industrial gases, and healthcare distribution that can support leasing stability.
- Publix Super Markets — grocery headquarters (7.0 miles) — HQ
- Mosaic — fertilizers (19.9 miles)
- MetLife Insurance Company — insurance (24.2 miles)
- Airgas Specialty Products — industrial gases (25.4 miles)
- Cardinal Health — healthcare distribution (27.6 miles)
Built in 2013, the 20-unit property offers a newer vintage relative to nearby housing stock, which can enhance competitive positioning against older assets while still allowing for targeted updates as systems age. Based on CRE market data from WDSuite, the surrounding neighborhood shows competitive occupancy and a higher renter-occupied share, indicating depth in the tenant pool. Elevated ownership costs relative to incomes further reinforce reliance on rental housing, supporting pricing power when paired with careful lease management.
Within a 3-mile radius, population and household counts have increased and are projected to grow further, pointing to renter pool expansion that supports long-term leasing stability. Amenity access favors everyday essentials (groceries, restaurants), while limited parks and cafes suggest the investment thesis should lean on workforce accessibility and relative affordability rather than lifestyle positioning.
- 2013 construction enhances competitiveness versus older neighborhood stock with room for targeted value-add
- Competitive neighborhood occupancy and elevated renter concentration support demand depth
- Population and household growth within 3 miles indicate a larger future tenant base
- Elevated ownership costs relative to incomes can sustain renter reliance and pricing power
- Risks: below-average national safety metrics, limited parks/cafes, and lower school ratings warrant prudent underwriting and operations