| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 44th | Fair |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 248 E Collins St, Umatilla, FL, 32784, US |
| Region / Metro | Umatilla |
| Year of Construction | 1986 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
248 E Collins St, Umatilla FL Multifamily Investment
Neighborhood occupancy is among the strongest in the Orlando-Kissimmee-Sanford metro, supporting stable rent rolls according to CRE market data from WDSuite. This location skews more owner-occupied, so positioning toward local workforce demand is key to capture consistent tenancy.
The property sits in a rural pocket of Umatilla within the Orlando-Kissimmee-Sanford region, where neighborhood occupancy is high (ranked 33rd of 465 metro neighborhoods and in the top quartile nationally per WDSuite). For investors, that backdrop points to steady leasing and lower downtime risk at the neighborhood level, even as overall amenities are lighter than urban submarkets.
Livability is more car-oriented with limited retail and cafe density nearby, while parks access trends modestly above national middles. Average school ratings in the immediate area are below national midpoints, which may influence unit mix strategy toward singles and smaller households rather than family-heavy demand.
Construction in the neighborhood skews older than the property (neighborhood average circa 1965), giving a 1986 vintage a relative competitive edge versus nearby stock. That said, systems from the 1980s may warrant targeted modernization to remain compelling against renovated comparables.
Tenure patterns show a lower renter concentration at the neighborhood level and within a 3-mile radius (renter-occupied share is roughly in the teens to low-20s), implying a shallower renter pool than urban cores. Offsetting this, WDSuite’s commercial real estate analysis indicates neighborhood occupancy remains strong, suggesting that the existing renter base is sticky. Homeownership costs sit around regional midpoints, which can introduce some competition from entry-level ownership and calls for attention to value positioning and retention tactics.
Comparable crime metrics for this specific neighborhood are not available in WDSuite for the current release. Investors typically benchmark safety using city and county sources and evaluate on-the-ground conditions to understand trends relative to surrounding Orlando-Kissimmee-Sanford communities.
Regional employment is diversified, with access to corporate offices that help support workforce renter demand and lease retention for well-managed assets. Nearby employers include Waste Management, Symantec, Prudential, Ryder, and Darden Restaurants.
- Waste Management — environmental services (15.9 miles)
- Symantec — software & cybersecurity (21.4 miles)
- Prudential — financial services (33.8 miles)
- Ryder — logistics & transportation (36.1 miles)
- Darden Restaurants — restaurant group (38.4 miles) — HQ
Built in 1986, this 42-unit asset offers a vintage that is newer than much of the surrounding housing stock, creating a position to compete effectively with older properties while leaving room for targeted renovations to boost rentability. According to CRE market data from WDSuite, the neighborhood posts strong occupancy versus the metro and nation, reinforcing the case for stable collections if operations align with local demand.
Renter-occupied share is comparatively low in both the neighborhood and the 3-mile radius, so strategy should emphasize workforce segments and value-forward finishes to widen the tenant funnel. Rents remain modest relative to incomes in the area, supporting retention, though that dynamic can temper near-term pricing power. Forward-looking household and population projections in the 3-mile radius point to a smaller renter pool over time, making asset quality, management execution, and renewal focus important risk mitigants.
- 1986 vintage competes well against older neighborhood stock with selective modernization upside
- Strong neighborhood occupancy supports leasing stability and limits downtime
- Value-forward positioning targets a workforce tenant base in an owner-leaning area
- Modest rents relative to incomes aid retention but may cap near-term pricing power
- Risk: smaller renter pool and rural amenities require disciplined marketing and renewal execution