| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 58th | Good |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16203 Cagan Crossings Blvd, Clermont, FL, 34714, US |
| Region / Metro | Clermont |
| Year of Construction | 2009 |
| Units | 114 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16203 Cagan Crossings Blvd Clermont 114-Unit Multifamily
Neighborhood data points to strong renter demand and leasing durability in this suburban pocket of the Orlando-Kissimmee-Sanford metro, according to WDSuite’s CRE market data.
Located in a suburban node of the Orlando-Kissimmee-Sanford, FL metro, the property benefits from a renter-oriented neighborhood profile and regional population inflows. The neighborhood carries a B- rating among 465 metro neighborhoods and is positioned for workforce and lifestyle renters who value proximity to major job centers without core-urban pricing.
Livability is balanced: neighborhood-level restaurant density tracks near the national middle, while cafes score above many neighborhoods nationally. Grocery access trends around the national average. Park and pharmacy counts are comparatively thin within the neighborhood, so residents may rely on nearby corridors for certain services. These dynamics suggest steady day-to-day convenience with some amenity trips by car typical for suburban Central Florida.
For investors, tenure and demand signals are material. The neighborhood shows a high share of renter-occupied housing units, indicating a deep tenant base for multifamily. Within a 3-mile radius, demographics show population growth over the past five years and a projected expansion in households through 2028, supporting a larger renter pool and potential occupancy stability. Median contract rents in the 3-mile radius have risen over the last five years, while the neighborhood’s rent-to-income ratio indicates manageable affordability pressure, a positive for retention and lease management.
Home values in the neighborhood are near the national middle, but the value-to-income ratio ranks in the upper tiers nationally, signaling a high-cost ownership market relative to local incomes. That context can reinforce reliance on multifamily housing and help sustain renter demand. Vintage also matters: with an average neighborhood construction year around 2005 and the subject built in 2009, this asset is newer than much of the surrounding stock, supporting competitive positioning versus older comparables while still warranting routine system updates over the hold period.
Comparable neighborhood safety metrics are not available in the dataset provided for this location. Investors typically benchmark against metro and national trends to assess relative risk and leasing implications; in the absence of verified crime data here, underwriting should incorporate standard diligence using third-party sources and trend comparisons at the neighborhood and submarket levels.
Nearby employment includes industrial gases, restaurant corporate, financial services, logistics, and grocer headquarters presence — a mix that supports commuter convenience and helps stabilize renter demand.
- Airgas Specialty Products — industrial gases (11.4 miles)
- Darden Restaurants — restaurant group (16.4 miles) — HQ
- Prudential — financial services (17.2 miles)
- Ryder — logistics (18.1 miles)
- Publix Super Markets — grocer (31.6 miles) — HQ
This 114-unit 2009-vintage asset aligns with a renter-heavy neighborhood in suburban Clermont, offering relative competitiveness versus older nearby stock. Neighborhood fundamentals indicate a deep tenant base, and within a 3-mile radius, both population growth and a projected increase in households point to renter pool expansion that can support occupancy and leasing velocity. According to CRE market data from WDSuite, neighborhood-level affordability appears manageable for renters, and ownership costs relative to incomes are elevated enough to sustain reliance on multifamily housing.
Key considerations include a metro context where neighborhood occupancy trends sit below the top tiers locally and some amenity categories (parks, pharmacies) are limited within the immediate area, warranting attention to leasing strategies and resident services. Even with a newer-than-average vintage, prudent capital planning for mid-life systems and common-area updates can preserve competitive positioning and support pricing power against older comparables.
- 2009 vintage in a neighborhood averaging 2005 construction supports competitive positioning versus older stock
- High renter-occupied share locally and 3-mile household growth underpin depth of tenant demand
- Manageable rent-to-income dynamics and elevated ownership costs favor lease retention and multifamily reliance
- Proximity to diversified corporate employers supports commuter convenience and leasing stability
- Risks: neighborhood occupancy trails stronger metro peers, and limited nearby parks/pharmacies require resident experience focus