| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 39th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5001 Sparkling Pines Cir, Fort Pierce, FL, 34951, US |
| Region / Metro | Fort Pierce |
| Year of Construction | 1988 |
| Units | 101 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5001 Sparkling Pines Cir Fort Pierce Multifamily Investment
Positioned in a suburban pocket of Fort Pierce, this asset benefits from a growing 3‑mile renter pool and steady household income gains, according to WDSuite s CRE market data. Neighborhood occupancy trends sit below the metro median, suggesting pragmatic underwriting and retention-focused operations can drive durable performance.
The property sits in a suburban area of Fort Pierce within the Port St. Lucie metro. At the neighborhood level, overall ranking is below the metro median (rank 97 among 104 neighborhoods), signaling investors should lean on disciplined leasing and expense control rather than outsized rent growth assumptions. Amenity density is limited nearby (few groceries, restaurants, parks), so residents are likely to be car-dependent 014 a consideration for marketing and resident services.
Relative to national context, ownership costs are elevated (value-to-income ratio in the top quintile nationally), which can sustain reliance on rental housing and support pricing power for competitively positioned multifamily. At the same time, rents benchmark on the lower side nationally and rent-to-income levels are comparatively manageable, which can aid lease retention and reduce turnover risk.
Within a 3-mile radius, demographics show solid population and household growth over the past five years, with further increases projected by 2028. The renter-occupied share in this radius is expected to rise, expanding the tenant base and supporting occupancy stability over time. Median and mean household incomes are also projected to increase, which can underpin gradual rent growth without overextending affordability.
Neighborhood housing stock is broadly similar in vintage to late-1980s product across the metro. Investors evaluating value-add should focus on selective interior updates and operational enhancements that position units competitively against older comparables while recognizing that large-scale repositioning may not be necessary to meet local demand. For deeper underwriting, multifamily property research from WDSuite helps benchmark rents and occupancy against both metro and national cohorts.
Safety metrics for the neighborhood are mixed. Compared with other Port St. Lucie neighborhoods, crime levels track below the metro median (rank 63 of 104), while national percentiles indicate roughly middle-of-the-pack outcomes for both violent and property offenses. Recent estimates point to year-over-year increases, so investors may wish to monitor trend direction and factor in security, lighting, and community engagement measures during budgeting.
Regional employment anchors within commuting distance include logistics and defense/aerospace, supporting workforce housing demand and lease retention through diverse job bases. Employers listed below reflect nearby nodes that can influence renter demand.
- CVS Distribution Center logistics (12.6 miles)
- Harris defense & aerospace (42.3 miles) HQ
This Fort Pierce asset offers exposure to a suburban location where national ownership costs remain elevated relative to incomes, reinforcing steady reliance on rental housing. Neighborhood rents skew modest versus national benchmarks, which can support occupancy durability and reduce concession risk, while 3-mile demographics indicate continued population and household expansion that should broaden the tenant base.
According to CRE market data from WDSuite, neighborhood occupancy trends trail the metro median, suggesting value will be driven by hands-on operations 0 disciplined renewals, targeted unit improvements, and resident services that differentiate against older stock. Limited nearby amenities underscore the importance of on-site experience and marketing that emphasizes commute access to regional employers.
- Expanding 3-mile renter pool and rising incomes support demand and occupancy stability.
- Rents benchmark as manageable vs. incomes, aiding lease retention and pricing flexibility.
- Operational upside via renewals, targeted turns, and resident services in a below-median occupancy area.
- Proximity to logistics and defense/aerospace employment nodes supports workforce housing demand.
- Risks: limited nearby amenities and mixed safety trends warrant conservative underwriting and active management.