| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 50th | Fair |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8 Sierra Dr, Tavares, FL, 32778, US |
| Region / Metro | Tavares |
| Year of Construction | 1986 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8 Sierra Dr, Tavares FL Multifamily Investment Outlook
Household growth and steady neighborhood occupancy support renter demand in this suburban Lake County location, according to WDSuite’s CRE market data.
Tavares’ suburban setting provides day-to-day convenience with grocery options around the national median and restaurants modestly above it, while parks access tracks in the top quartile nationally. Cafés and pharmacies are thinner, so resident routines lean on nearby corridors rather than walking-scale retail.
Neighborhood occupancy is close to the metro middle among 465 Orlando-Kissimmee-Sanford neighborhoods, pointing to stable leasing conditions rather than outsized volatility. The local renter concentration is moderate, and within a 3-mile radius demographics show rising population and households, which enlarges the tenant base and can support occupancy stability.
Median home values sit below many high-cost Florida submarkets; in practice this means ownership is comparatively accessible, which can introduce some competition with entry-level buying. Even so, a balanced rent-to-income profile suggests manageable affordability pressure that can aid retention and disciplined pricing.
The average neighborhood construction year skews to the mid-1990s, while the subject’s 1986 vintage is older. For investors, that often indicates targeted capital planning and selective renovations could sharpen the asset’s competitive position versus newer stock.
Within a 3-mile radius, incomes have risen meaningfully and are projected to continue growing, while households are expected to expand and average household size to drift smaller. These trends typically support multifamily demand by widening the renter pool and reinforcing lease-up and renewal depth.
Neighborhood-level crime metrics are not available in WDSuite for this location. Investors typically benchmark property operations against broader Orlando-Kissimmee-Sanford trends and on-site management practices to assess retention risk and security posture.
Practical underwriting steps include reviewing recent incident trends from official sources, comparing with peer neighborhoods across the 465-neighborhood metro, and aligning capital plans for lighting, access control, and visibility where warranted.
Proximity to established corporate offices provides a diversified employment base that supports workforce housing demand and commute convenience. Key nearby employers include Waste Management, Symantec, Prudential, Ryder, and Darden Restaurants.
- Waste Management — corporate offices (9.4 miles)
- Symantec — corporate offices (23.8 miles)
- Prudential — corporate offices (28.7 miles)
- Ryder — corporate offices (31.2 miles)
- Darden Restaurants — corporate offices (32.9 miles) — HQ
This 51-unit, 1986-vintage asset in Tavares competes in a suburban neighborhood where occupancy trends sit near the metro midpoint and household growth is expanding the tenant base. The property is older than the mid-1990s neighborhood average, creating a practical value-add path through system upgrades and selective interior refreshes to differentiate against newer comparables. According to CRE market data from WDSuite, local amenities are serviceable with strong park access, and a balanced rent-to-income profile supports retention-focused revenue management.
Within a 3-mile radius, population and households have increased and are projected to continue growing, while incomes trend upward. Combined with moderate renter concentration, these dynamics point to dependable demand for well-managed units and potential to enhance yield through targeted renovations and disciplined leasing, while keeping an eye on competition from ownership options.
- Stable neighborhood occupancy near metro median supports leasing durability
- 1986 vintage offers value-add and capital planning opportunities versus newer stock
- 3-mile household and income growth expands renter pool and underpins demand
- Parks access strong; everyday retail adequate, aiding resident livability and retention
- Risks: ownership competition in an accessible for-sale market; older systems may require incremental capex