| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 74th | Good |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1450 Venice East Blvd, Venice, FL, 34292, US |
| Region / Metro | Venice |
| Year of Construction | 2007 |
| Units | 119 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1450 Venice East Blvd Venice Multifamily Investment
Owner-leaning neighborhood fundamentals and steady household growth suggest a stable renter pool near term, according to WDSuite’s CRE market data. Neighborhood occupancy reflects local dynamics rather than the property, with pricing power supported by elevated ownership costs.
The property sits in a suburban Venice location where neighborhood ratings trend above metro median (B+; rank 81 of 218 neighborhoods). Amenity access is mixed: restaurants are competitive among North Port–Sarasota–Bradenton neighborhoods, while parks, cafes, and pharmacies are comparatively limited. Grocery options track around the metro middle, supporting day‑to‑day livability for tenants.
Neighborhood rent levels have outpaced many areas in recent years, while the local occupancy rate (measured for the neighborhood, not the property) sits below national averages. For multifamily owners, this combination points to selective pricing power and the need for attentive leasing and renewals. The area’s renter-occupied share is modest (about one in six units), indicating an owner-heavy housing base that can still support workforce demand but may require targeted marketing to keep absorption on pace.
Within a 3‑mile radius, population and households have expanded over the last five years, with forecasts calling for further population growth and a notable increase in households by 2028. This trajectory implies a larger tenant base and supports occupancy stability, even as average household size trends slightly smaller.
Home values in the neighborhood are elevated relative to many U.S. areas, which tends to sustain reliance on rentals and support lease retention. At the same time, rent-to-income ratios indicate some affordability pressure; investors should plan for disciplined renewals and amenity-driven retention strategies to balance pricing and turnover.
The asset’s 2007 construction is newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while still leaving room for system updates and light value-add to match current renter expectations.
Safety indicators for the neighborhood compare favorably in the region and nationally. The area ranks 23 out of 218 metro neighborhoods on crime (above metro average for safety) and sits in the upper national percentiles for safety, indicating comparatively lower reported incidents than many neighborhoods across the U.S., based on WDSuite’s CRE market data.
Recent trends show notable year‑over‑year declines in both property and violent offense estimates. While crime can vary by micro‑location and over time, the directional improvement and favorable standing versus peers provide supportive context for renter retention and leasing.
Regional employment access includes corporate offices within commutable range that can help diversify the renter base. The list below highlights the nearest identified corporate office with measured distance.
- Airgas Store — industrial gases & supplies (23.8 miles)
This 119‑unit asset benefits from an owner-leaning suburban submarket where elevated ownership costs help sustain rental demand and support retention. According to CRE market data from WDSuite, the neighborhood’s rent levels are strong relative to income and home values, while occupancy measured at the neighborhood level trails national norms—an execution detail that emphasizes leasing and renewal discipline. The 2007 vintage is newer than the local average, offering relative competitiveness and light value‑add potential through common‑area refreshes or in‑unit upgrades.
Demographics within 3 miles point to continued population growth and a meaningful increase in households over the next five years, expanding the renter pool. Amenity coverage is adequate for daily needs though limited in some categories, reinforcing the value of on‑site conveniences and service quality to drive lease‑up velocity and retention.
- 2007 vintage provides competitive positioning versus older stock with targeted value‑add upside.
- Elevated local home values reinforce demand for multifamily rentals and support pricing power.
- Household growth within 3 miles expands the tenant base and supports occupancy stability.
- Risks: neighborhood occupancy trails national norms and amenity depth is uneven—plan for proactive leasing, renewals, and on‑site enhancements.