| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 25th | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 955 Tumblin Kling Rd, Fort Pierce, FL, 34982, US |
| Region / Metro | Fort Pierce |
| Year of Construction | 2011 |
| Units | 92 |
| Transaction Date | 2010-04-28 |
| Transaction Price | $1,100,000 |
| Buyer | MADISON VINES LLC |
| Seller | LEAL EDUARDO |
955 Tumblin Kling Rd Fort Pierce Multifamily Investment
2011-vintage, 92-unit property positioned for stable renter demand in an inner-suburban pocket of Fort Pierce, supported by a renter-occupied housing base and occupancy in the low-90s, according to WDSuite’s commercial real estate analysis. Elevated ownership costs in the area help sustain reliance on multifamily rentals and support retention strategies.
The neighborhood rates B+ and sits competitive among Port St. Lucie metro neighborhoods (rank 39 of 104), offering everyday conveniences with moderate dining and grocery density. Amenity access ranks 22 of 104, signaling a practical mix of services, though park access is limited. School scores trend below national averages, which family-oriented leasing strategies should weigh.
Occupancy across the neighborhood is in the low-90% range and ranked 25 of 104, indicating above-metro-median stability that can support cash flow durability through cycles, based on CRE market data from WDSuite. Rents are near broader norms for the area, suggesting room to compete on product quality and management versus price alone.
Tenure patterns show a meaningful renter-occupied share (roughly two-fifths of housing units in the neighborhood), translating to a solid tenant base for multifamily assets. Within a 3-mile radius, demographic statistics indicate recent population and household growth, with households expanding faster and average household size edging lower — dynamics that typically broaden the renter pool and support occupancy stability.
Ownership remains a high-cost proposition relative to incomes (value-to-income metrics are elevated versus national norms), which reinforces renter reliance on multifamily housing and can aid lease retention and pricing power. Affordability on the rent side appears manageable by regional standards (rent-to-income ratios near the metro middle), supporting steady leasing fundamentals when paired with effective operations.
Property vintage is newer than the neighborhood average (2011 vs. early-1990s local stock), offering competitive positioning against older assets; investors should still plan for mid-life system updates and selective renovations to protect NOI and maintain leasing velocity.
Safety indicators benchmark below the national median for neighborhoods, with both violent and property offense rates in lower national percentiles. Investors should underwrite prudent security measures, insurance, and operating reserves, and monitor local policing and prevention initiatives over time.
Recent year-over-year movements point to increases in reported offenses; trend tracking and loss-prevention programs can help mitigate volatility. Comparatively, safety performance varies within the Port St. Lucie metro, so positioning against nearby subareas and emphasizing on-site controls can support resident retention.
Regional employers in logistics and energy are within commuting distance, supporting workforce housing demand and lease stability for properties serving employees tied to these operations.
- CVS Distribution Center — logistics/distribution (21.7 miles)
- NextEra Energy — energy & utilities corporate offices (39.8 miles) — HQ
This 92-unit asset, built in 2011, competes favorably versus older inner-suburban stock, helping reduce near-term capital intensity while offering modernization upside as systems age. Neighborhood occupancy sits in the low-90% range and ranks above the metro median, and a sizable renter-occupied housing base supports a durable tenant pipeline. Elevated ownership costs relative to incomes reinforce reliance on rentals, while 3-mile demographic statistics show growing households and a gradually expanding renter pool — tailwinds for retention and lease-up. According to CRE market data from WDSuite, these fundamentals compare well with broader metro benchmarks, positioning the asset for steady performance with disciplined operations.
Key considerations include below-national-average school ratings, limited park access, and safety metrics that trail national medians, which warrant active management, security planning, and targeted amenity programming to sustain occupancy and pricing power.
- 2011 vintage outperforms older local stock; plan selective mid-life updates for competitiveness
- Neighborhood occupancy in the low-90% range supports cash flow durability
- Elevated ownership costs reinforce renter reliance, aiding retention and pricing discipline
- 3-mile population and household growth expands the renter base and supports leasing
- Risks: below-average school scores, limited park access, and safety metrics below national medians