| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 31st | Poor |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 801 Mount Homer Rd, Eustis, FL, 32726, US |
| Region / Metro | Eustis |
| Year of Construction | 1989 |
| Units | 48 |
| Transaction Date | 2016-09-15 |
| Transaction Price | $1,787,600 |
| Buyer | HALLMARK COLONY COURT LLC |
| Seller | COLONY COURT RRH LTD |
801 Mount Homer Rd Eustis Multifamily Value-Add Opportunity
Neighborhood-level occupancy trends are steady and renter demand is supported by a high renter concentration and everyday amenities, according to WDSuite s commercial real estate analysis. Metrics cited refer to neighborhood conditions, not this property s specific occupancy.
The property sits in an Inner Suburb location within the Orlando Kissimmee Sanford metro, rated B and placed above the metro median (ranked 201 out of 465 neighborhoods) based on CRE market data from WDSuite. Neighborhood occupancy is around the metro middle with positive five-year momentum, indicating stable tenant retention at the submarket level rather than at the asset level.
Daily convenience is a strength. The neighborhood scores in the top quartile nationally for grocery access and restaurants, and is above average for pharmacies and parks, while cafes are limited. Childcare access also ranks well, supporting workforce households and reducing friction for commuting renters.
Renter-occupied housing accounts for roughly six in ten units locally, signaling a deep tenant base for multifamily. For investors, this renter concentration can support leasing velocity and occupancy stability through cycles, though concessions and amenity positioning still matter to capture demand.
Within a 3-mile radius, demographics show population and household growth with a modest decline in average household size, pointing to a larger renter pool and demand for smaller formats. Median home values sit below many coastal markets, but the local value-to-income profile is elevated by national standards, which tends to reinforce reliance on rental options and can aid pricing power and lease retention for well-managed communities.
Available school ratings data for the immediate neighborhood are limited; investors should underwrite based on specific catchments and program offerings rather than headline scores. Overall, the area is competitive among Orlando neighborhoods with livability anchored by essentials and service employment nodes.
Neighborhood-level safety data are not available in this release from WDSuite. Investors typically benchmark incident trends against metro and county averages when data is provided, and supplement with local diligence (police department briefs and property-level history) to gauge resident experience and security planning.
Given the absence of a current neighborhood rank or national percentile, treat safety as a diligence item during underwriting and compare trends to peer Orlando submarkets for context.
Nearby corporate offices provide a diversified employment base that supports commuter convenience and renter demand, including Waste Management, Symantec, Prudential, Ryder, and Darden Restaurants.
- Waste Management waste services (12.3 miles)
- Symantec software & cybersecurity offices (20.9 miles)
- Prudential financial services offices (28.4 miles)
- Ryder logistics & transportation offices (30.9 miles)
- Darden Restaurants restaurant group corporate offices (32.9 miles) HQ
Built in 1989, the asset is slightly newer than the neighborhood s average vintage, suggesting competitive positioning versus older stock with potential to unlock value through targeted modernization of interiors and building systems. Neighborhood occupancy sits near the metro median with a favorable five-year trend, and renter concentration is high, both supportive of stable leasing. Within a 3-mile radius, population and households have expanded and are projected to continue growing, indicating a larger tenant base and sustained demand for rental units.
At the neighborhood level, rents trend below national averages while homeownership costs relative to income are elevated, a combination that can support pricing power without stretching rent-to-income budgets. According to CRE market data from WDSuite, NOI per unit in comparable neighborhoods trails national norms, underscoring both operational risk and the opportunity for management-driven gains. Forward-looking demographics point to rising incomes and smaller household sizes by 2028, which can support absorption for efficient floor plans, while investors should still underwrite affordability pressure and potential competition from for-sale housing.
- 1989 vintage with value-add potential to modernize and improve competitiveness
- Stable neighborhood fundamentals: occupancy near metro median with positive trend
- High renter concentration supports depth of tenant base and leasing stability
- 3-mile population and household growth expands the renter pool and supports absorption
- Risks: below-national NOI per unit, affordability management, and potential competition from for-sale options