| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 39th | Fair |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3000 Lake Center Dr, Mount Dora, FL, 32757, US |
| Region / Metro | Mount Dora |
| Year of Construction | 1989 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3000 Lake Center Dr Mount Dora Multifamily Investment
Neighborhood renter-occupied share sits in the mid-30% range, indicating a measurable tenant base and steady leasing potential; according to WDSuite’s CRE market data, area occupancy trends are serviceable but not leading the metro, favoring disciplined operations over outsized rent assumptions.
Positioned in Mount Dora’s inner-suburban context of the Orlando–Kissimmee–Sanford metro, the neighborhood rates B+ and is competitive among metro neighborhoods (ranked 129 out of 465). Dining and daily-needs access are strengths: restaurant and café density places in the top quartile nationally, and grocery/pharmacy access trends above average, supporting resident convenience and lease retention.
Neighborhood occupancy is below the metro median (ranked 271 of 465), so underwritten performance should emphasize operational execution and resident retention rather than aggressive growth assumptions. Renter-occupied housing comprises roughly a mid-30% share, pointing to a moderate renter pool that can support multifamily demand without being saturated by rentals.
Property vintage is 1989 versus an early‑1980s neighborhood average. That relative youth within the local stock can be a competitive point, while still leaving room for value-add through unit refreshes and systems modernization typical for late‑1980s construction.
Within a 3‑mile radius, population and households have been growing and are projected to expand further, indicating renter pool expansion and a larger tenant base for smaller formats. Average household size is edging down, which can support demand for efficient units like studios and small one‑bedrooms. Elevated ownership costs relative to incomes in the neighborhood context reinforce reliance on rentals, though higher rent-to-income levels suggest affordability pressure—an important lease management consideration for renewals and pricing.
Trade-offs: park access is limited locally, which places more weight on on-site amenities and nearby private recreation. Reported K–12 school ratings are limited in the dataset, so families may prioritize specific school research when comparing submarkets.
Comparable, neighborhood-level safety metrics are limited in the available WDSuite dataset for this area. Investors typically benchmark police-reported trends and submarket comps when underwriting security measures and operating reserves rather than relying on block-level assumptions.
Regional employment access features a mix of corporate offices within commuting range, supporting workforce housing demand and resident retention. The list below highlights nearby employers relevant to the renter base.
- Waste Management — environmental services (13.5 miles)
- Symantec — cybersecurity/software (19.6 miles)
- Prudential — financial services (26.9 miles)
- Ryder — logistics/transport (29.4 miles)
- Darden Restaurants — restaurant HQ & corporate (31.4 miles) — HQ
3000 Lake Center Dr offers 44 units delivered in 1989, a slightly newer vintage than the neighborhood average that can compete against older stock while presenting clear value‑add pathways via interior refreshes and system updates. The immediate area shows strong amenity access (food and daily needs) and a moderate renter concentration, while metro‑relative occupancy suggests a focus on retention and operational discipline over speculative growth.
Within a 3‑mile radius, recent population growth and a faster projected increase in households point to renter pool expansion and support for smaller, efficient units. Elevated ownership costs relative to local incomes sustain reliance on rentals, though higher rent-to-income levels call for careful pricing and renewal strategies. These dynamics, combined with practical upgrades to a late‑1980s asset, frame a pragmatic value‑creation plan informed by commercial real estate analysis from WDSuite.
- Late‑1980s vintage with value‑add potential via targeted renovations and systems modernization
- Amenity‑rich inner‑suburban location with strong food and daily‑needs access supporting retention
- 3‑mile growth outlook indicates renter pool expansion and demand for efficient unit types
- Ownership costs reinforce rental demand; manage rent-to-income pressure to sustain occupancy
- Below‑median neighborhood occupancy highlights execution risk and the need for disciplined operations