| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Poor |
| Demographics | 26th | Fair |
| Amenities | 18th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 937 Bryson St NE, Live Oak, FL, 32064, US |
| Region / Metro | Live Oak |
| Year of Construction | 1974 |
| Units | 35 |
| Transaction Date | 2019-05-28 |
| Transaction Price | $1,100,000 |
| Buyer | GREGORY LIVE OAK HOLDINGS LLC |
| Seller | SUWANNEE MOBILE HOME PARK LLC |
937 Bryson St NE Live Oak Multifamily Investment
Positioned for workforce housing in a rural submarket, the asset benefits from manageable renter affordability and a steady tenant base, according to WDSuite’s CRE market data. Neighborhood occupancy is discussed at the area level, not the property, and indicates attention to leasing strategy will be important.
Live Oak’s neighborhood context is rural with a balanced overall profile (Neighborhood Rating: B). Within Suwannee County’s 27 tracked neighborhoods, this area is above the metro median, suggesting competitive fundamentals relative to nearby peers while still requiring hands-on operations typical of smaller markets.
Amenities are modest by national standards, yet park access is competitive among Suwannee County neighborhoods and restaurant density also performs competitively among the 27 local areas. For investors, this points to livability that can support resident retention even if broader retail and service options are thinner than urban cores.
Renter-occupied share is above national averages, signaling a meaningful renter pool that supports multifamily demand. Neighborhood occupancy is below national norms; this is a neighborhood metric rather than property performance, and it underscores the value of disciplined leasing and management to sustain stability.
Built in 1974, the property is newer than the local average construction year, offering relative competitiveness versus older stock while still warranting targeted capital planning for systems and interiors as part of a value-focused program. Household incomes trend lower in the area, and rent-to-income levels indicate manageable affordability — a potential tailwind for lease retention and consistent collections.
Comparable public safety data for this specific neighborhood is limited in the dataset. Investors typically benchmark trends at the neighborhood and county levels to understand directionality rather than block-by-block conclusions. Framing risk in this way helps gauge tenant retention and operational planning without over-interpreting sparse signals.
Regional employment is diversified across manufacturing and industrial operations that draw commuters from surrounding counties, supporting a workforce renter base for Live Oak.
- Packaging Corporation of America — paper & packaging (41.9 miles)
This 35-unit property offers exposure to a renter-driven submarket where affordability supports demand and smaller asset scale allows for hands-on value creation. Based on CRE market data from WDSuite, the neighborhood’s renter concentration is solid, while area-level occupancy sits below national norms — a manageable risk with focused leasing, targeted unit turns, and consistent renewal management. The 1974 vintage is newer than the local average, offering a competitive position versus older housing stock while leaving room for strategic upgrades.
Average unit sizes around 430 square feet suggest efficient layouts that can align with workforce price points. With amenities more limited than urban cores, competitive park access and practical dining options help support day-to-day livability, aiding retention in a market where consistent customer service and expense control are key to performance.
- Renter-occupied share above national averages supports a durable tenant base
- 1974 vintage offers relative competitiveness versus older local stock with room for upgrades
- Efficient unit sizes align with workforce price points and potential lease retention
- Operational upside via disciplined leasing and renewals in a neighborhood with below‑norm occupancy
- Risk: Smaller rural market and limited amenities require active management and expense control