| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 34th | Poor |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2622 Laurel Hollow Dr, Leesburg, FL, 34748, US |
| Region / Metro | Leesburg |
| Year of Construction | 2008 |
| Units | 108 |
| Transaction Date | 2007-09-20 |
| Transaction Price | $1,371,300 |
| Buyer | SLEEPY HOLLOW APARTMENTS II LTD |
| Seller | SLEEPY HOLLOW APARTMENTS LTD |
2622 Laurel Hollow Dr Leesburg FL Multifamily, 108 Units
Neighborhood fundamentals point to steady renter demand and occupancy stability at the submarket level, according to WDSuite’s CRE market data, with the neighborhood occupancy rate measured for this area trending above the metro median. Newer 2008 vintage relative to local stock supports competitive positioning while allowing for selective value-add.
Located in Leesburg within the Orlando-Kissimmee-Sanford metro, the property sits in an Inner Suburb neighborhood rated C that performs above the metro median on occupancy while posting middle-of-the-pack scores nationally for housing and amenities. Contract rents in the neighborhood track modestly above national norms over the last five years, and the local renter-occupied share (measured at the neighborhood level) ranks in the upper quartile nationally, signaling a meaningful tenant base for multifamily.
Amenity access is mixed: restaurants score in the top third nationally, while daily services like cafes, childcare, and pharmacies are thinner in the immediate neighborhood. Parks density trends above national averages, which can support livability, but investors should underwrite that some errands may require short drives rather than walkable access.
Within a 3-mile radius, demographics show population growth alongside an increase in households, with forecasts pointing to further gains by 2028. This expansion implies a larger tenant base and supports leasing durability, particularly for well-managed workforce product. Median home values in the neighborhood trend slightly above national norms, and a higher value-to-income profile indicates a relatively high-cost ownership market for the area, which can reinforce renter reliance on multifamily housing and aid lease retention.
The property’s 2008 construction is newer than the neighborhood’s average 1990 vintage, suggesting competitive positioning versus older stock, while prudent capital planning should account for mid-life systems and selective modernization to meet tenant expectations.
Safety indicators are mixed when benchmarked nationally. Overall crime sits around the lower third of neighborhoods nationwide, indicating comparatively higher incident rates, driven more by property-related offenses. By contrast, violent-offense measures align closer to the national middle, with some metrics trending slightly better than average. Investors should incorporate routine security, lighting, and property management best practices into underwriting rather than rely on block-level assumptions.
At the metro level, conditions vary across submarkets; this neighborhood compares as middling within the region. Monitoring recent year-over-year changes is advisable to calibrate operating policies and resident engagement strategies over the hold period.
The area draws on a diversified employment base from nearby corporate offices that support workforce housing demand and commute convenience, including Waste Management, Symantec, Prudential, Ryder, and Darden Restaurants.
- Waste Management — environmental services (4.2 miles)
- Symantec — software & cybersecurity (28.9 miles)
- Prudential — financial services (33.2 miles)
- Ryder — logistics & transportation (35.8 miles)
- Darden Restaurants — restaurant group corporate (37.3 miles) — HQ
This 108-unit asset benefits from neighborhood occupancy that trends above the metro median and a renter-occupied housing share that sits in the upper tier nationally, supporting depth of demand and lease-up resilience. Based on commercial real estate analysis from WDSuite, rents and housing indicators place the neighborhood near national midpoints while ownership costs skew higher relative to incomes, which can sustain renter reliance on multifamily product.
Built in 2008, the property is newer than the neighborhood’s average vintage, offering relative competitiveness versus older inventory and potential to capture premiums with targeted updates as systems reach mid-life. Within a 3-mile radius, population and household growth — with further expansion forecast — point to a growing tenant base that can support occupancy stability, provided operators manage affordability pressure and amenity trade-offs.
- Above-metro neighborhood occupancy supports income durability
- 2008 vintage offers competitive positioning with selective value-add upside
- Growing 3-mile population and households expand the renter pool
- Ownership costs relative to income reinforce rental demand and retention
- Risks: thinner daily amenities and comparatively higher property-crime exposure require active management