| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 67th | Best |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7774 Navarre Pkwy, Navarre, FL, 32566, US |
| Region / Metro | Navarre |
| Year of Construction | 2006 |
| Units | 24 |
| Transaction Date | 1998-05-05 |
| Transaction Price | $690,000 |
| Buyer | MFG CAYO GRANDE OWNER LLC |
| Seller | --- |
7774 Navarre Pkwy Navarre Multifamily Investment
2006 vintage and smaller-unit mix position this 24-unit asset to compete on rent and retention in a high-cost ownership market, according to WDSuite’s CRE market data. Neighborhood occupancy trends warrant disciplined leasing, but strong schools and incomes support durable renter demand.
Navarre’s suburban setting combines daily conveniences with family-oriented fundamentals that matter to leasing. Neighborhood schools are a relative strength—ranked 3 out of 134 Pensacola metro neighborhoods and in the 84th percentile nationally—supporting tenant retention for households prioritizing education.
Amenity access is competitive among Pensacola neighborhoods: cafes rank 13 of 134 with an 80th national percentile, and grocery options sit in the top quartile nationally. These dynamics help sustain lifestyle appeal without relying on destination retail.
For investors evaluating rent positioning, neighborhood contract rents benchmark above national norms while the rent-to-income ratio trends near 0.21, indicating manageable affordability pressure that can aid renewal rates. Median home values rank 5 of 134 and in the low-80s national percentile—a high-cost ownership market that tends to reinforce renter reliance on multifamily housing rather than siphon demand.
Tenure patterns show a modest renter concentration (about one-fifth of housing units are renter-occupied), which implies a smaller but focused tenant base. Within a 3-mile radius, population and households expanded over the past five years and are forecast to continue growing, with household sizes edging lower—factors that broaden the renter pool and support occupancy stability for appropriately sized units.
Vintage context matters: with an average neighborhood construction year of 1999, a 2006 property is relatively newer stock, offering competitive positioning versus older buildings while still prompting mid-life system updates and selective renovations to meet today’s renter expectations.
Comparable neighborhood crime metrics are limited in the current WDSuite release for this location. Investors typically benchmark local safety conditions against broader Pensacola metro trends and recent city reporting to inform underwriting assumptions and lease management strategies.
A prudent approach is to review multi-year, metro-comparable indicators and property-level history rather than block-level snapshots, and to incorporate visibility measures (lighting, access controls) and resident engagement as part of ongoing risk management.
This 24-unit property at 7774 Navarre Pkwy brings a 2006 vintage and efficient average unit size to a suburban submarket where schools, incomes, and daily amenities support leasing fundamentals. Based on CRE market data from WDSuite, neighborhood rents benchmark above national norms while rent-to-income levels suggest room for renewal-led revenue, provided management stays attentive to price sensitivity.
Relative to a neighborhood average build year of 1999, 2006 construction offers a competitive edge versus older stock while signaling mid-life capital planning (systems, interiors) for durable performance. While neighborhood occupancy indicators appear softer than metro leaders and renter concentration is modest, expanding households within a 3-mile radius and a high-cost ownership landscape point to a steady, needs-based renter base for right-sized, well-managed units.
- 2006 vintage is newer than area average, supporting competitiveness with targeted mid-life upgrades
- Rents above national norms with manageable rent-to-income levels support renewal strategies
- Strong school rankings and everyday amenities underpin location stickiness for family renters
- High-cost ownership market helps sustain renter reliance on multifamily housing
- Risk: neighborhood occupancy trends and modest renter concentration call for disciplined leasing and competitive positioning