| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 47th | Fair |
| Amenities | 51st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1575 David Walker Dr, Tavares, FL, 32778, US |
| Region / Metro | Tavares |
| Year of Construction | 1994 |
| Units | 37 |
| Transaction Date | 2001-09-05 |
| Transaction Price | $318,900 |
| Buyer | LAKE SAUNDERS GROVES LAND L L P |
| Seller | POWELL LINDA C |
1575 David Walker Dr, Tavares FL Multifamily Investment
Neighborhood occupancy has held near 90% with gradual improvement, according to WDSuite’s CRE market data, pointing to stable renter demand in this inner-suburban Lake County location. Positioned in Tavares, the asset benefits from everyday retail access and an expanding 3-mile renter pool.
Tavares’ Inner Suburb setting delivers day-to-day convenience that underpins leasing: grocery access ranks competitive among Orlando-Kissimmee-Sanford neighborhoods (rank 82 of 465; high-70s to high-80s nationally), while restaurants are similarly strong. Cafés and pharmacies are thinner locally, so residents rely more on grocery-anchored centers and quick-service options. For investors, that mix supports practical livability and predictable trip patterns even if specialty retail is limited.
Neighborhood occupancy is around the high‑80s to ~90% and has improved over the past five years, per WDSuite’s CRE market data. Within a 3‑mile radius, population and households have grown in the low‑ to mid‑teens over the last cycle, expanding the tenant base; projections call for further household growth through 2028, which can support occupancy stability and absorption.
The neighborhood rates B+ overall (rank 170 of 465), placing it above the metro median. Nationally, grocery and park access test in the mid‑70s to high‑80s percentiles, indicating solid amenity coverage for workforce renters. Childcare access also scores above average (low‑70s percentile), which can aid retention for family renters even as average household sizes trend slightly smaller.
Ownership costs are relatively elevated for local incomes (value‑to‑income ratio ranks strong at the 81st percentile nationwide), which tends to sustain reliance on rental housing and supports pricing power for well‑maintained units. At the same time, rent‑to‑income around the upper‑20s percent suggests potential affordability pressure for some households, a consideration for lease management and renewal strategies. The share of renter‑occupied housing in the immediate neighborhood sits around one‑third, indicating a meaningful renter base without oversaturation.
Comparable crime metrics were not available for this neighborhood in WDSuite at the time of publication. Investors typically benchmark neighborhood safety against metro and county trends and review recent longitudinal patterns rather than single-year snapshots. Local due diligence—such as reviewing law enforcement summaries and touring at different times of day—can help contextualize conditions relative to other Orlando-Kissimmee-Sanford neighborhoods.
Regional corporate offices within commuting range help diversify the employment base and support renter demand through steady white- and blue-collar job coverage. Nearby employers include Waste Management, Symantec, Prudential, Ryder, and Darden Restaurants.
- Waste Management — environmental services (11.7 miles)
- Symantec — software & security (21.4 miles)
- Prudential — financial services (28.0 miles)
- Ryder — logistics & transportation (30.5 miles)
- Darden Restaurants — restaurant HQ & corporate (32.4 miles) — HQ
The property’s Tavares location offers practical amenity access—especially groceries and parks—while neighborhood occupancy has trended upward and sits near 90%, signaling durable renter demand. Within a 3‑mile radius, population and household growth expand the potential tenant base, and a relatively high value‑to‑income ratio indicates a high‑cost ownership market that can reinforce reliance on multifamily rentals. Based on CRE market data from WDSuite, these dynamics compare favorably to many inner‑suburban submarkets in the Orlando metro.
Investor considerations include maintaining affordability relative to local incomes and competing effectively on finishes and management in a market with steady but measured amenity depth. Smaller average floorplans can align with cost‑conscious renters and singles, supporting occupancy and lease‑up velocity when priced and managed appropriately.
- Neighborhood occupancy near ~90% with five‑year improvement supports income stability.
- 3‑mile population and household growth expand the tenant base and support absorption.
- Elevated ownership costs vs. incomes reinforce sustained demand for rentals.
- Compact unit sizing can capture cost‑sensitive demand and single‑occupant renters.
- Risks: affordability pressure for some households; thinner café/pharmacy supply; validate safety conditions via local diligence.