| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 31st | Poor |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 701 Mount Homer Rd, Eustis, FL, 32726, US |
| Region / Metro | Eustis |
| Year of Construction | 1986 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
701 Mount Homer Rd Eustis Multifamily Investment
Neighborhood-level indicators point to durable renter demand and improving occupancy trends in the surrounding area, according to WDSuite’s CRE market data. References to occupancy, rents, and renter concentration reflect neighborhood conditions, not this specific property.
Located in Eustis within the Orlando-Kissimmee-Sanford metro, the neighborhood rates a B and sits above the metro median (rank 201 of 465). Amenity density is a relative strength: grocery, pharmacy, parks, and dining options index in higher national percentiles, which supports day-to-day livability and leasing appeal for workforce tenants.
Renter concentration is high for the neighborhood (59% of housing units are renter-occupied), placing it in the upper national percentiles for renter-occupied share. For investors, that depth of the tenant base can help leasing velocity and supports ongoing demand for multifamily. Neighborhood occupancy is about 91% and has improved over the last five years, signaling absorption resiliency at the neighborhood level rather than the property level.
Ownership costs skew high relative to local incomes (value-to-income ranks in a high national percentile), which tends to sustain reliance on rental housing and can underpin pricing power. At the same time, rent-to-income estimates indicate comparatively low affordability pressure in the neighborhood dataset, a combination that can support retention when managed thoughtfully.
Within a 3-mile radius, demographics show population growth over the past five years with additional gains projected, alongside a rising household count and slightly smaller average household sizes. These trends expand the potential renter pool and support occupancy stability. Median contract rents in the 3-mile area have risen meaningfully, consistent with broader metro patterns, based on CRE market data from WDSuite.
Not all indicators are strengths. Café density is limited, and available school ratings are relatively weak compared with national benchmarks. Still, the amenity mix for daily needs and the neighborhood’s competitive standing among 465 Orlando-area neighborhoods offer balanced fundamentals for workforce-oriented multifamily.
Comparable safety data at the neighborhood level is limited in the current dataset, so no definitive crime ranking is available. Investors should benchmark this location against metro peers using multiple data sources and trend reviews rather than block-level anecdotes.
Proximity to regional corporate offices supports a broad commuter tenant base, with roles spanning environmental services, cybersecurity, financial services, logistics, and a major restaurant group. These employers contribute to steady leasing fundamentals through commute convenience.
- Waste Management — environmental services (12.3 miles)
- Symantec — cybersecurity (20.8 miles)
- Prudential — financial services (28.4 miles)
- Ryder — logistics (30.9 miles)
- Darden Restaurants — restaurant group (32.9 miles) — HQ
This 51-unit asset benefits from a renter-heavy neighborhood with improving occupancy, day-to-day amenities, and a regional employment base that supports workforce housing demand. Ownership costs are elevated relative to incomes locally, which tends to reinforce rental reliance, while neighborhood rent-to-income indicators suggest lower affordability pressure that can aid retention. Within a 3-mile radius, population and household growth—paired with gradually smaller household sizes—points to a larger tenant base and sustained leasing prospects, according to commercial real estate analysis from WDSuite.
Counterbalances include modest café/experience density, weaker available school ratings, and the need to align unit finishes and management with workforce-driven price sensitivity. Still, the submarket’s amenity coverage for daily needs and commuter access to diversified employers create a practical foundation for steady operations.
- Renter-heavy neighborhood supports demand depth and leasing velocity
- Improving neighborhood occupancy and strong daily-needs amenities aid stability
- Elevated ownership costs bolster reliance on rental housing and pricing power
- 3-mile growth in population and households expands the tenant base
- Risks: limited café/experience density, weaker school ratings, and sensitivity to pricing/finish levels