| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 19th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1910 Mayflower Rd, Fort Pierce, FL, 34950, US |
| Region / Metro | Fort Pierce |
| Year of Construction | 1983 |
| Units | 28 |
| Transaction Date | 2010-06-01 |
| Transaction Price | $200,100 |
| Buyer | MAYFLOWER TOWNHOMES LLC |
| Seller | LAS PALMAS APARTMENTS INVESTMENTS LLC |
1910 Mayflower Rd, Fort Pierce Multifamily Investment
Renter-heavy inner suburb with growing households provides a stable tenant base, according to WDSuite s CRE market data. Neighborhood dynamics favor workforce housing in Fort Pierce, with demand supported by convenience retail and services rather than luxury positioning.
This Inner Suburb location in Fort Pierce ranks 27 out of 104 neighborhoods in the Port St. Lucie metro, making it competitive among Port St. Lucie neighborhoods based on overall neighborhood rating (A-), per WDSuite s commercial real estate analysis. Daily needs are well-covered: the area scores in the upper national percentiles for restaurants, cafes, groceries, parks, and pharmacies, indicating strong convenience for residents and support for leasing retention.
Within a 3-mile radius, population and household counts have grown over the last five years, with additional increases forecast through 2028. Smaller projected household sizes suggest continued demand for smaller-format units and a larger renter pool, which can support occupancy stability for comparable assets.
The property s 1983 vintage is slightly older than the neighborhood s average construction year (1986). For investors, this typically points to capital planning needs and potential value-add through unit and system upgrades, which can enhance competitive positioning against newer stock in the submarket.
Neighborhood tenure data indicates a higher share of renter-occupied housing (top quartile nationally), reinforcing depth in the tenant base. Elevated value-to-income dynamics at the neighborhood level suggest a relatively high-cost ownership market compared to local incomes, which can sustain reliance on multifamily rentals and support pricing power, especially for functional, well-maintained units.
Safety indicators are mixed. Relative to other Port St. Lucie neighborhoods, the area s crime rank sits below the metro median (29 out of 104), indicating higher crime exposure than many peers. Nationally, violent and property offense levels align closer to the lower-end safety percentiles; however, recent trend data show improvement, with violent offenses declining materially year over year (a top-decile improvement nationally) and property offenses also easing.
For underwriting, investors often account for these conditions through enhanced security measures, resident screening, and operational oversight. Monitoring whether the recent downtrend persists will be important to leasing performance and expense planning over the hold period.
The employment base combines regional logistics and utility headquarters that help support workforce renter demand and commute convenience. Notable nearby employers include CVS Distribution Center and NextEra Energy.
- CVS Distribution Center logistics & distribution (19.4 miles)
- NextEra Energy energy utility (42.6 miles) HQ
1910 Mayflower Rd offers a 28-unit, smaller-format multifamily profile in an Inner Suburb of Fort Pierce where renter concentration is elevated and daily amenities are strong. Neighborhood occupancy trends remain below the metro median, but household growth within a 3-mile radius and a high-cost ownership landscape relative to incomes underpin durable rental demand and lease retention for competitively positioned units. According to CRE market data from WDSuite, the neighborhood s amenity access is solid by national standards, supporting resident convenience and stickiness.
Built in 1983, the asset likely benefits from targeted value-add and systems modernization to compete against newer product. Forward-looking demographic estimates indicate additional population and household growth with smaller average household sizes, which can expand the tenant pool for efficient floor plans and support occupancy stability over the hold.
- Renter-occupied share is high for the neighborhood, supporting depth of demand for workforce multifamily.
- Strong convenience retail and services in upper national percentiles aid resident retention and leasing velocity.
- 1983 vintage presents value-add and CapEx opportunities to enhance competitiveness versus newer stock.
- 3-mile demographics point to population and household growth with smaller households, expanding the renter pool.
- Risks: neighborhood occupancy below metro median, weaker school ratings, and mixed safety metrics warrant conservative underwriting.