| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 37th | Poor |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1801 N County Road 19A, Eustis, FL, 32726, US |
| Region / Metro | Eustis |
| Year of Construction | 1995 |
| Units | 37 |
| Transaction Date | 2016-09-15 |
| Transaction Price | $1,485,500 |
| Buyer | HALLMARK ROSEMONT MANOR LLC |
| Seller | ROSEMONT MANOR LTD |
1801 N County Road 19A, Eustis FL — 37-Unit Multifamily
Neighborhood-level occupancy is steady and safety metrics trend favorable relative to national benchmarks, according to WDSuite’s CRE market data, supporting durable renter demand for smaller-format units.
Situated in Eustis within the Orlando–Kissimmee–Sanford metro, the neighborhood rates a C and skews suburban. Grocery access and park availability are relative strengths — grocery density ranks in the top quartile among 465 metro neighborhoods, and parks are similarly strong — while cafes, childcare, and pharmacies are comparatively sparse. For investors, this mix points to day-to-day convenience with fewer discretionary amenities, which can suit workforce-oriented demand profiles.
Neighborhood occupancy stands at 90.2% (neighborhood-wide, not property-specific), landing near the metro median. The share of renter-occupied housing is 29% and ranks above the metro median, indicating a present — though not dominant — renter base that can support leasing depth without heavy concession pressure.
The asset’s 1995 vintage is newer than the neighborhood average construction year (1984). That positioning can be competitively helpful versus older local stock, while still leaving room for targeted modernization and capital planning to refresh common areas and building systems over a typical hold.
Within a 3-mile radius, population and households have expanded and are projected to continue growing, implying a larger tenant base over time. Median incomes have risen, and forecast rent levels are expected to trend higher as well, which can support revenue management; however, maintaining rent-to-income balance will remain a key leasing and retention consideration.
Ownership costs in the neighborhood score on the higher side relative to local incomes (value-to-income ranks in the upper national percentiles), a dynamic that can sustain reliance on rental options and help underpin occupancy stability through cycles.
Safety indicators compare favorably at the national level. Violent-offense measures are in the top decile nationally (safer than most neighborhoods), and property-offense measures are also well above national safety averages. Recent year-over-year shifts in certain property-offense metrics have shown volatility, so investors should monitor trend direction rather than rely on a single-year reading.
Overall, the neighborhood’s positioning suggests a supportive environment for resident retention compared with many U.S. neighborhoods, while prudent risk management — lighting, access control, and coordination with local community resources — remains appropriate for long-term operations.
Regional employment access is diversified, with proximity to waste services, cybersecurity, financial services, logistics, and a major restaurant group headquarters — a mix that supports commute convenience and broad renter demand.
- Waste Management — waste services (12.8 miles)
- Symantec — cybersecurity (21.3 miles)
- Prudential — financial services (30.8 miles)
- Ryder — logistics (33.2 miles)
- Darden Restaurants — restaurant group (35.3 miles) — HQ
This 37-unit property combines a 1995 vintage with smaller average unit sizes, positioning it for cost-conscious renters and efficient lease-up relative to older nearby stock. Based on commercial real estate analysis from WDSuite, neighborhood-wide occupancy is near the metro median, grocery and park access are relative strengths, and national safety positioning is favorable — factors that can support baseline demand and resident retention.
Within a 3-mile radius, population and household growth point to a gradually expanding renter pool, while rising incomes and projected rent levels suggest potential for disciplined revenue management. At the same time, forecast shifts toward higher ownership shares and variability in certain property-offense measures argue for conservative underwriting, ongoing capital planning, and focused tenant-experience initiatives.
- 1995 vintage offers competitive positioning versus older stock with opportunity for targeted upgrades
- Smaller average unit sizes support value-oriented demand and leasing depth
- Neighborhood safety compares well nationally, supporting retention and rent collection stability
- 3-mile population and household growth expand the tenant base, aiding occupancy resilience
- Risks: limited discretionary amenities nearby, potential tilt toward ownership, and monitoring of property-offense trends