| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Poor |
| Demographics | 19th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Glover St, Eustis, FL, 32726, US |
| Region / Metro | Eustis |
| Year of Construction | 1979 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Glover St Eustis Multifamily Investment
Positioned in suburban Eustis with a 1979 vintage, the asset benefits from steady renter demand supported by nearby population and household growth, according to WDSuite’s CRE market data. Neighborhood occupancy figures reflect area conditions rather than the property itself, suggesting investors should focus on lease management and competitive positioning.
Eustis sits within the Orlando-Kissimmee-Sanford metro and this neighborhood is rated C+ and suburban in character. Amenity access is a relative strength: the area ranks 24th among 465 metro neighborhoods for overall amenities, placing it competitive metro-wide and supported by national percentiles that are top quartile for restaurants (84th percentile), parks (80th percentile), and pharmacies (85th percentile). This amenity mix helps leasing visibility and day-to-day livability for residents.
Renter-occupied housing makes up an estimated 29.1% of neighborhood units, indicating a modest renter concentration that supports multifamily demand without heavy dependence on any single tenant profile. Median contract rents at the neighborhood level have risen over the last five years, while the rent-to-income ratio (about 0.20) suggests generally manageable affordability, helping with lease retention and reducing near-term pricing friction.
Within a 3-mile radius, demographic statistics show population growth of roughly 12% over the last five years and households up about 13%, expanding the local renter pool. Forward-looking estimates point to additional household expansion by 2028 alongside smaller average household sizes, which typically adds to demand for rental units and supports occupancy stability.
Home values in the neighborhood are relatively accessible compared with many Florida metros, which can create some competition from ownership options. However, continued rent growth and a deepening employment base in the broader region support sustained renter reliance on multifamily housing, especially for residents prioritizing convenience to services and employment centers.
Comparable neighborhood crime metrics are not available in this dataset. Investors typically benchmark property security and local trendlines against metro and county reporting, and evaluate on-the-ground measures such as lighting, access control, and coordination with local management to support resident comfort and lease stability.
Nearby corporate offices provide a diversified employment base that can support renter demand and retention through commute convenience. The following employers anchor regional jobs within a commutable radius: Waste Management, Symantec, Prudential, Ryder, and Darden Restaurants.
- Waste Management — environmental services (14.0 miles)
- Symantec — cybersecurity & software (19.6 miles)
- Prudential — insurance & financial services (29.1 miles)
- Ryder — logistics & fleet management (31.5 miles)
- Darden Restaurants — restaurant group corporate (33.7 miles) — HQ
101 Glover St offers a 1979 vintage in a suburban Eustis setting, newer than the neighborhood’s average construction year. That positioning can be competitive versus older local stock while still warranting targeted capital planning for aging systems and potential value-add upgrades. Based on commercial real estate analysis from WDSuite, area rents have moved upward over the past five years and the rent-to-income ratio near 0.20 supports manageable affordability and lease retention.
Demand fundamentals are reinforced by a growing 3-mile population and household base today and in forward estimates, which expands the tenant pool and supports occupancy stability. Amenity access rates among the best in the metro, enhancing livability and leasing visibility. The main watch items are neighborhood-level occupancy that runs softer than many stabilized submarkets and the relatively accessible ownership costs that can compete with rentals, underscoring the importance of unit finishes, management, and pricing discipline.
- 1979 construction offers competitive positioning versus older neighborhood stock with scope for targeted value-add
- 3-mile population and household growth broadens the tenant base and supports occupancy stability
- Amenity access ranks among the metro’s stronger clusters, aiding leasing visibility
- Rent-to-income levels around 0.20 indicate manageable affordability that can support retention
- Risks: neighborhood occupancy softness and more accessible ownership options require disciplined operations and pricing