| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 78th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1050 Capri Isles Blvd, Venice, FL, 34292, US |
| Region / Metro | Venice |
| Year of Construction | 1983 |
| Units | 20 |
| Transaction Date | 2008-06-12 |
| Transaction Price | $59,200 |
| Buyer | VENETIAN TIC HOLDER I LLC |
| Seller | VENETIAN AT CAPRI ISLES I LLC |
1050 Capri Isles Blvd Venice Multifamily Investment
Ownership-heavy surroundings and steady household growth point to a reliable renter pool, according to WDSuite’s CRE market data, though neighborhood occupancy trends warrant active leasing strategy.
This suburban Venice location skews owner-occupied, with a relatively small share of renter-occupied units in the immediate neighborhood. For investors, that signals a focused but stable tenant base rather than deep transient demand. Neighborhood occupancy levels trail broader norms, so performance hinges on property-specific execution and positioning.
Within a 3-mile radius, WDSuite data indicates population growth and a notable increase in households through the mid-term forecast horizon, supporting a larger tenant base. The area has a high share of older adults, which can favor smaller, low-maintenance rental formats and longer tenures; operators should tailor finishes and services accordingly.
Home values are elevated for the region, and the value-to-income ratio sits above national norms. That high-cost ownership market dynamic generally sustains rental demand and can aid retention, while a rent-to-income profile that remains manageable helps support lease stability.
Local retail and daily-needs amenities are limited within the neighborhood boundary itself, which suggests residents typically drive to access groceries, dining, and services elsewhere in the Venice area. From an investment standpoint, this places more emphasis on convenient parking, reliable in-unit features, and competitive pricing to offset the lighter walkable amenity base.
The property’s 1983 vintage is older than the neighborhood average construction year, pointing to potential value-add upside through targeted renovations and systems modernization. Investors should underwrite near-term capital needs to sustain competitiveness versus newer stock across the North Port–Sarasota–Bradenton metro.
According to WDSuite, the neighborhood scores in the top quartile nationally for lower violent incident rates and performs well for property crime compared with neighborhoods across the U.S. Recent data also shows a notable year-over-year decline in estimated property offenses, a constructive trend for long-term operations.
While safety outcomes compare favorably at the national level, investors should evaluate block-by-block conditions during due diligence and align on-site measures with resident expectations typical for competitive Sarasota County communities.
Regional employment is diversified across industrial and commercial services, supporting commute-driven renter demand from Venice and greater Sarasota. Nearby corporate presence underscores steady workforce housing needs reflected in leasing and retention.
- Airgas Store — industrial gases & supplies (22.0 miles)
1050 Capri Isles Blvd offers exposure to an ownership-heavy Venice submarket where elevated home values reinforce reliance on rental housing. Based on CRE market data from WDSuite, the surrounding neighborhood shows household and population growth within a 3-mile radius, expanding the tenant base even as neighborhood occupancy trends run softer than metro norms. The 1983 vintage suggests clear value-add potential via unit refreshes and systems updates to differentiate from older peer stock and improve leasing velocity.
Affordability appears balanced relative to local incomes, and forward-looking rent benchmarks indicate upward pressure consistent with regional demand. Execution will matter: investors should plan for targeted capex, amenity-light positioning, and disciplined leasing to capture stable cash flow in a market with limited renter concentration.
- Ownership-heavy area with elevated home values supports sustained rental demand and retention
- 3-mile radius shows population and household growth, enlarging the local renter pool
- 1983 vintage presents value-add and systems modernization opportunities to boost competitiveness
- Manageable rent-to-income dynamics aid pricing power while supporting lease stability
- Risks: lower neighborhood occupancy and limited walkable amenities require strong leasing and asset management