| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 54th | Good |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3001 Fountainhead Cir, Melbourne, FL, 32934, US |
| Region / Metro | Melbourne |
| Year of Construction | 1991 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3001 Fountainhead Cir Melbourne 72‑Unit Multifamily Investment
Neighborhood occupancy is competitive among metro peers and amenity access supports renter retention, according to WDSuite’s CRE market data.
Situated in Melbourne’s suburban fabric, the property benefits from an A-rated neighborhood that ranks in the top quartile among 139 metro neighborhoods, signaling durable fundamentals for workforce and middle‑income renters. Grocery, pharmacy, and dining options score above national averages, supporting day‑to‑day convenience that can aid lease retention.
Amenity density is a relative strength: neighborhood grocery and pharmacy access sit in the high national percentiles, with restaurants and parks also above typical U.S. levels. This mix tends to reduce reliance on long commutes for basic services, a factor investors often associate with lower turnover risk and steadier leasing, based on CRE market data from WDSuite.
Neighborhood housing occupancy is near the metro middle and competitive among Palm Bay–Melbourne–Titusville neighborhoods, while renter-occupied share is moderate locally. Within a 3‑mile radius, households are projected to grow and average household size to edge lower over the next five years, expanding the tenant base and supporting multifamily demand even as renter concentration remains balanced.
Rent levels in the neighborhood have risen meaningfully over the past five years and sit in upper national percentiles, while ownership costs are relatively approachable compared with many coastal markets. For investors, that combination suggests continued renter demand but also the need for diligent lease management to monitor affordability pressure and protect pricing power.
Safety signals are mixed. Compared with neighborhoods nationwide, this area trends below the national safety percentile overall, while it tracks around the metro median among the 139 Palm Bay–Melbourne–Titusville neighborhoods. Violent offense indicators sit closer to national midrange, but property crime reads relatively elevated on a national basis.
Investors should underwrite sensible security measures and tenancy screening, and consider how on‑site lighting, access controls, or neighborhood watch engagement could support resident confidence. Monitoring recent trend volatility is prudent, given that year‑over‑year changes can skew short‑term readings.
Proximity to established employers supports renter demand via short commutes and a diversified white‑ and blue‑collar employment base. Nearby anchors include Harris, Space Coast Aflac Region, and a CVS distribution facility.
- Harris — aerospace & defense (2.9 miles) — HQ
- Space Coast Aflac Region — insurance offices (15.6 miles)
- CVS Distribution Center — logistics & distribution (33.7 miles)
Built in 1991, the asset is slightly newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while still warranting capital planning for aging systems and potential value‑add upgrades. Neighborhood occupancy is competitive among metro peers and amenity access scores above national norms, supporting renter retention. According to commercial real estate analysis from WDSuite, rent levels have trended in upper national percentiles, which can sustain revenue but calls for careful affordability monitoring.
Within a 3‑mile radius, households are projected to increase even as average household size trends lower, pointing to a larger tenant base and potential renter pool expansion over the next five years. The local renter-occupied share is moderate, suggesting stable demand depth complemented by proximity to anchor employers that can help support leasing velocity.
- 1991 vintage offers competitive positioning versus older stock with room for targeted renovations
- Competitive neighborhood occupancy and strong amenity access support retention and leasing stability
- 3‑mile household growth and smaller household sizes point to renter pool expansion
- Employer proximity underpins workforce housing demand and commute convenience
- Risks: elevated property crime indicators and affordability pressure require proactive management