| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 57th | Best |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11311 SW 95th Cir, Ocala, FL, 34481, US |
| Region / Metro | Ocala |
| Year of Construction | 1998 |
| Units | 54 |
| Transaction Date | 2014-04-15 |
| Transaction Price | $5,200,000 |
| Buyer | Pacifica Senior Living |
| Seller | Carriage House of Ocala |
11311 SW 95th Cir Ocala Multifamily Investment
Neighborhood occupancy sits at 90.3% and has trended higher, suggesting stable leasing fundamentals in this part of Ocala, according to WDSuite s CRE market data. With a suburban setting and household growth projected locally, the asset s demand profile is oriented toward steady, needs-based renters.
This suburban Ocala neighborhood carries an A rating and ranks 6 out of 113 metro neighborhoods, positioning it in the top quartile among Ocala areas for overall investment fundamentals. Restaurants and daily conveniences are accessible (restaurant density is competitive in the metro and strong versus national peers), while parks and childcare are comparatively limited, skewing the area more toward adult-oriented amenities.
Rents in the neighborhood have grown over the past five years and the median contract rent sits in the mid-$1,200s locally, with a rent-to-income ratio around 0.11. That combination points to moderate affordability pressure and supports lease retention and pricing discipline for operators. Neighborhood occupancy is 90.3% and has improved in recent years, indicating resilient renter demand at the neighborhood level rather than property-specific performance.
Within a 3-mile radius, the population has expanded and is forecast to continue growing through 2028, with households projected to rise by roughly 30%. The area skews older, which can translate to steady, long-term tenancy and predictable leasing patterns; the renter-occupied share near 10.5% indicates a smaller renter base today, but projected household gains suggest a larger tenant pool over time and support for occupancy stability.
The property s 1998 vintage is slightly newer than the neighborhood average construction year (1995). This positioning can offer a competitive edge versus older stock while still leaving room for selective modernization of interiors and systems to capture value-add upside and support rent growth relative to older comparables.
Neighborhood safety indicators are generally favorable in a national context. Both overall and violent offense measures land above the national median (around the low 60s percentiles), suggesting this area is safer than many U.S. neighborhoods. Recent year-over-year trends show notable declines in estimated property and violent offense rates, reinforcing an improving backdrop rather than a deterioration.
As always, safety conditions can vary within any neighborhood and over time. Investors should underwrite with recent, property-level data and consider standard measures such as lighting, access control, and community engagement to maintain leasing stability.
Regional employment is diversified at the metro level; proximity to established corporate operations supports commute convenience and renter retention for workforce households. Notable nearby employer includes:
- Waste Management corporate offices (27.5 miles)
This 54-unit, 1998-vintage asset benefits from neighborhood occupancy of 90.3% with positive momentum and a renter profile supported by steady, needs-based demand. Within 3 miles, population and households are projected to grow through 2028, pointing to a larger tenant base and support for sustained leasing. Home values remain comparatively accessible in this part of Marion County, which can create some competition from ownership, but the neighborhood s rent-to-income ratio near 0.11 indicates manageable rent burdens that can aid retention.
Restaurants and essential retail are convenient by metro standards, and the asset s slightly newer-than-average vintage offers relative competitiveness versus older stock while preserving value-add levers via targeted renovations. According to commercial real estate analysis from WDSuite, these neighborhood dynamics compare favorably with broader metro trends and align with a long-term, income-focused strategy, provided operators price thoughtfully and plan for selective capital improvements.
- Neighborhood occupancy at 90.3% with recent improvement supports leasing stability
- Projected 3-mile population and household growth expands the tenant base
- 1998 vintage offers competitive positioning with selective value-add potential
- Amenity access (dining, daily needs) is competitive among Ocala neighborhoods
- Risks: smaller renter-occupied share locally and ownership alternatives may temper rent growth; maintain disciplined pricing and capital plans