| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 58th | Good |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16314 Cagan Crossings Blvd, Clermont, FL, 34714, US |
| Region / Metro | Clermont |
| Year of Construction | 2009 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16314 Cagan Crossings Blvd Clermont Multifamily Investment
Renter-heavy neighborhood dynamics and a growing 3-mile household base point to durable tenant demand, according to WDSuite’s CRE market data.
Located in suburban Clermont within the Orlando-Kissimmee-Sanford metro, the property benefits from a neighborhood marked by a high share of renter-occupied housing units. The renter concentration ranks 10th out of 465 metro neighborhoods, placing it well above the metro median and in the top national percentile, which supports depth of tenant demand for multifamily.
Within a 3-mile radius, population and household counts have expanded and are projected to continue growing, indicating a larger tenant base and potential support for occupancy stability and leasing velocity. Median household incomes in this radius have trended higher, which can aid rent collections and reduce turnover risk, while projected household growth suggests more renters entering the market over the next five years.
Neighborhood amenity access is mixed: restaurant and cafe density sits around the national middle, while parks and pharmacies are comparatively limited. Grocery access is modest. For investors, this suggests a primarily residential environment where on-site amenities and convenient access to daily needs can differentiate the asset.
Home values in the neighborhood sit near the national middle, but ownership costs relative to incomes trend higher than many areas nationally. This high-cost ownership context can reinforce reliance on rental housing and support tenant retention. At the same time, neighborhood occupancy stands below national norms, signaling the need for attentive leasing and asset management. The asset’s 2009 construction is newer than the neighborhood’s average vintage (2005), offering relative competitiveness versus older stock; however, investors should plan for selective modernization as systems age.
Overall neighborhood quality is rated B- and ranks 243rd of 465 metro neighborhoods. For commercial real estate analysis, this positions the location as competitive among suburban submarkets that benefit from renter demand and demographic tailwinds but require active management to offset softer occupancy at the neighborhood level.
Neighborhood-level crime benchmarking is not available in WDSuite for this location. Investors typically review city and metro crime trends, property-level security measures, and recent leasing history to gauge relative safety and its implications for demand and retention.
Proximity to corporate employers across industrial gases, restaurant headquarters, insurance/financial services, logistics, and grocery supports workforce housing demand and commute convenience for renters.
- Airgas Specialty Products — industrial gases (11.3 miles)
- Darden Restaurants — restaurant group (16.5 miles) — HQ
- Prudential — insurance and financial services (17.3 miles)
- Ryder — logistics and transportation (18.2 miles)
- Publix Super Markets — grocer (31.5 miles) — HQ
This 84-unit, 2009-vintage asset sits in a renter-centric Clermont neighborhood where the share of renter-occupied units is among the highest in the metro, supporting a deep tenant base. Within a 3-mile radius, population and households are projected to grow, pointing to a larger renter pool and potential support for leasing and rent durability. According to CRE market data from WDSuite, neighborhood occupancy trails national norms, so performance will favor hands-on leasing and amenity-driven differentiation.
Newer-than-average construction versus local stock provides relative competitiveness, while rising incomes in the 3-mile area and a high-cost ownership context can reinforce rental demand and lease retention. Investors should balance these strengths against amenity gaps in the immediate area and cyclical risks tied to service-oriented employment exposure common to the broader metro.
- Renter-heavy neighborhood supports multifamily demand depth and leasing velocity.
- 3-mile population and household growth expands the tenant base, aiding occupancy stability.
- 2009 vintage offers competitive positioning versus older local stock with targeted modernization upside.
- Rising incomes and relatively high ownership costs reinforce renter reliance and retention potential.
- Risks: below-average neighborhood occupancy, limited nearby parks/pharmacies, and exposure to service-sector cyclicality.