| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Poor |
| Demographics | 19th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 Wall St, Eustis, FL, 32726, US |
| Region / Metro | Eustis |
| Year of Construction | 1984 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1000 Wall St, Eustis FL Multifamily Positioning
Neighborhood amenity access and 3-mile household growth point to a durable renter base, according to WDSuite’s CRE market data. With 1984 construction relative to older nearby stock, the asset can compete for tenants while allowing targeted upgrades.
The immediate area functions as a suburban node within the Orlando-Kissimmee-Sanford metro, with everyday conveniences nearby. Neighborhood amenities rank competitively among 465 metro neighborhoods, and national indicators are favorable: restaurants and pharmacies sit in the top quartile nationwide, while grocery options track above average. These fundamentals support daily-life convenience that helps leasing and retention for workforce-oriented product.
Relative to the metro, the neighborhood’s occupancy (neighborhood-level, not the property) trends below the metro median and below national averages, so lease-up may require active management and pricing discipline. Median contract rents in the 3-mile radius remain moderate and rent-to-income around 20% suggests manageable affordability pressure for many renters, supporting retention and steady collections.
Vintage matters for competitiveness. With a 1984 build versus an area average closer to the 1960s, the property is newer than much of the surrounding stock—helping its positioning against older assets—though aging systems may still warrant a targeted capital plan for unit interiors and building systems.
Demographics are aggregated within a 3-mile radius and show population growth alongside a notable increase in households, with forecasts calling for further expansion and smaller average household size. This indicates a larger tenant base over time and supports occupancy stability for well-managed units.
Tenure dynamics show a lower renter concentration at the neighborhood level (roughly three in ten housing units are renter-occupied). For investors, that mix can translate to steadier tenancy among households that prefer rental options in a predominantly owner-occupied area, but it may also cap immediate depth of demand compared with highly renter-dense submarkets.
Neighborhood-level safety data are limited in WDSuite for this location, so investors typically compare local trends with Orlando-Kissimmee-Sanford metro benchmarks and verify with municipal reporting and site diligence. Framing safety comparatively—at the neighborhood and surrounding-area level—can help calibrate lease management, insurance, and security planning without over-relying on block-level anecdotes.
Proximity to regional employers underpins renter demand and commute convenience for the local workforce. Notable nearby employers include Waste Management, Symantec, Prudential, Ryder, and Darden Restaurants.
- Waste Management — environmental services (14.3 miles)
- Symantec — software & cybersecurity (19.5 miles)
- Prudential — financial services (29.4 miles)
- Ryder — logistics & transportation (31.8 miles)
- Darden Restaurants — restaurant group (34.0 miles) — HQ
This 56-unit, 1984-vintage asset offers competitive positioning versus older neighborhood stock and benefits from steady 3-mile household growth, which expands the tenant base and supports occupancy stability. Based on CRE market data from WDSuite, neighborhood amenities test well nationally, while local occupancy (neighborhood-level) sits below metro norms—suggesting the need for attentive leasing strategy and value-focused renovations to capture demand.
Ownership costs in the area are relatively high versus local incomes, and median contract rents remain moderate, reinforcing renter reliance on multifamily housing and aiding lease retention. A targeted capital plan focused on interiors and building systems can enhance competitiveness and push renewals without overextending affordability.
- 1984 vintage offers competitive positioning versus older neighborhood stock with room for targeted upgrades
- 3-mile population and household growth expand the tenant base and support leasing stability
- Strong daily-needs access (food, pharmacy, parks) supports retention and day-to-day livability
- Moderate rent levels and manageable rent-to-income support renewal probability and cash flow consistency
- Risk: neighborhood occupancy trends below metro averages, requiring active leasing, marketing, and pricing oversight