| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Poor |
| Demographics | 48th | Good |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 108 Arron Dr, Lake Placid, FL, 33852, US |
| Region / Metro | Lake Placid |
| Year of Construction | 1984 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
108 Arron Dr Lake Placid Multifamily Investment
Neighborhood occupancy has trended upward and currently sits above the metro median, supporting leasing stability for smaller units, according to WDSuite’s CRE market data.
Located in Lake Placid within the Sebring-Avon Park, FL metro, the neighborhood presents a rural setting with steady access to daily needs. Grocery and pharmacy access ranks competitive among Sebring-Avon Park neighborhoods (rank 9 and 7 out of 39, respectively), while cafes, parks, and childcare options are limited. School ratings data for this neighborhood were not available in WDSuite at the time of publication.
For investors, rents in the neighborhood track below national averages (median contract rent ranks in the lower national third), which can aid retention and support occupancy for value-oriented offerings. Home values are also lower versus many U.S. neighborhoods, which may create some competition from ownership; prudent lease management and product differentiation will matter for pricing power.
The 3-mile radius around the property shows a modest renter-occupied share (about a quarter of housing units), indicating a smaller but stable tenant base for multifamily. Households were roughly flat over the last five years as average household size declined, a pattern that can sustain demand for smaller apartments. WDSuite’s data projects notable growth in both households and population through the next five years, which would expand the renter pool and support occupancy if realized.
At the neighborhood level, occupancy ranks above the metro median (17 of 39), and recent improvement suggests stable near-term operations. Overall quality is rated B within WDSuite, with amenity access competitive among local peers but below national leaders—appropriate for a rural location and a strategy focused on affordability and essential services.
Safety indicators compare mixed but improving. Relative to the metro, crime levels are somewhat above the median, yet nationally the neighborhood’s violent-offense profile trends better than average, while property-offense levels track closer to the middle of U.S. neighborhoods.
Year over year, WDSuite reports large declines in both violent and property offense estimates, placing the neighborhood among the stronger improvers nationally. Investors should view these as constructive trends to monitor rather than guarantees, recognizing that safety can vary by block and over time.
This 32-unit property benefits from a neighborhood occupancy level that sits above the metro median and has improved in recent years, pointing to durable leasing fundamentals. The tenant base within a 3-mile radius is modestly renter-occupied, with rents positioned below national norms—conditions that can support retention for smaller-format units and steady absorption when priced to local incomes. According to commercial real estate analysis from WDSuite, access to daily needs is serviceable for a rural location (notably groceries and pharmacies), while lifestyle amenities are sparser, aligning the asset with value-oriented demand.
Looking forward, WDSuite’s 3-mile projections indicate growth in households and population alongside rising rents, which would expand the renter pool and support occupancy stability if realized. At the same time, relatively accessible home values in the neighborhood imply some competition from ownership, so disciplined lease management, targeted unit upgrades, and cost control remain important to sustain pricing power.
- Neighborhood occupancy above metro median supports leasing stability
- Value-oriented rent positioning aids retention for smaller units
- 3-mile projections point to renter pool expansion and rent growth
- Rural essentials (groceries, pharmacies) are accessible; lifestyle amenities are limited
- Risk: Ownership alternatives and amenity limitations may temper pricing power