| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 12th | Poor |
| Amenities | 24th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 S Warner Ave, Perry, FL, 32348, US |
| Region / Metro | Perry |
| Year of Construction | 1972 |
| Units | 100 |
| Transaction Date | 2018-06-01 |
| Transaction Price | $3,300,000 |
| Buyer | PERRYTOWN APARTMENTS LLC |
| Seller | GRIDDIN HEIGHTS LLC |
500 S Warner Ave Perry FL Multifamily Investment
Rural workforce housing with grocery and pharmacy access nearby presents value-add potential, according to WDSuite’s CRE market data. The neighborhood’s renter base is smaller but present, suggesting targeted leasing and amenity upgrades could support stability.
This Perry, Florida address sits in a rural neighborhood rated C where retail conveniences are limited but essential services are present. Grocery and pharmacy availability rank competitively within the Taylor County metro (2nd of 14 neighborhoods for both), though broader amenities like parks and cafés are sparse, reflecting the submarket’s low-density profile. That mix supports day-to-day livability but suggests residents rely more on auto-based trips for non-essentials.
Neighborhood occupancy is 83.3%, which is competitive among Taylor County, FL neighborhoods (5th of 14) but below national norms. For investors, this points to selective demand rather than broad depth; disciplined leasing and tenant retention programs may be more impactful than in stronger-demand metros.
About 30.9% of housing units are renter-occupied, indicating a modest renter concentration and a smaller tenant pool relative to urban Florida markets. Median home values are lower for the area ($96,778), which can make ownership comparatively accessible and may constrain pricing power for older product; conversely, professionally managed rentals can retain appeal through convenience, maintenance, and predictable costs.
Demographic indicators aggregated within a 3-mile radius show lower median household incomes locally, which reinforces the importance of achievable rents and efficient unit layouts. Compared with national CRE trends, this neighborhood sits below national percentiles on several amenity and income measures, while remaining competitive within its metro for essential retail access. For investors conducting multifamily property research, the area’s profile aligns with workforce housing where value-add scope and operating execution are primary drivers.
The property’s 1972 vintage is slightly older than the neighborhood average construction year (1976), implying potential capital planning for systems, interiors, and curb appeal. That age positioning can be a catalyst for renovation-driven rent repositioning where achievable, while ensuring offerings remain aligned with the market’s income profile.
WDSuite does not report comparable neighborhood-level crime metrics for this location, so investors should frame safety as a due‑diligence item rather than draw conclusions from incomplete data. A practical approach is to benchmark trends over time at the city and county levels and consider property-specific measures that support resident comfort and retention.
Employer proximity data with reliable distance measurements is limited for this address in WDSuite. Investors typically supplement with local employer rosters to assess workforce housing demand and commuting patterns.
This 100‑unit, 1972 garden asset in Perry fits a workforce narrative: essential retail access (grocery/pharmacy) is competitive within the metro, while broader amenities are limited. Neighborhood occupancy is competitive locally yet below national norms, indicating the need for targeted leasing and resident retention. The vintage suggests value‑add scope—interiors, common areas, and systems—balanced against a rent strategy calibrated to local incomes. Based on CRE market data from WDSuite, the renter pool is meaningful but modest, so execution and cost control are central to hitting pro forma.
Lower area home values signal a high-ownership, cost-accessible landscape that can compete with rentals; however, well-run apartments can maintain appeal through convenience and predictable living costs. In this context, durable demand is more likely to come from right-sized units, dependable operations, and service quality rather than amenity arms races.
- Competitive metro access to grocery/pharmacy supports everyday livability and leasing
- 1972 vintage provides clear value-add levers across interiors and building systems
- Modest renter concentration suggests focused marketing can capture stable tenancy
- Risk: lower local incomes and accessible ownership may limit rent growth and require tight expense control
- Risk: below-national occupancy underscores the importance of lease-up management and resident retention