| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Fair |
| Demographics | 31st | Fair |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 507 NE 22nd Ave, Ocala, FL, 34470, US |
| Region / Metro | Ocala |
| Year of Construction | 1981 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
507 NE 22nd Ave Ocala Multifamily Investment
Inner-suburb location with a high neighborhood renter-occupied share and improving occupancy trends supports steady tenant demand, according to WDSuite’s CRE market data. Relative affordability versus incomes suggests manageable pricing power without overextending renters.
Located in Ocala’s inner suburbs, the neighborhood rates in the top quartile among 113 metro neighborhoods, indicating competitive fundamentals for workforce-oriented multifamily. Renter-occupied housing is prevalent locally, which typically deepens the tenant base and supports leasing stability, while the broader 3-mile area shows ongoing population and household growth that can expand the renter pool.
Daily-needs access is a strength: grocery, pharmacy, and park density rank above the metro median, and restaurants are comparatively plentiful. Cafés are less dense, but strong childcare availability stands out and aligns with a family-serving renter profile. School ratings trail metro and national norms, which can temper some family-driven demand, yet the area’s convenience and services underpin day-to-day livability.
Neighborhood rent levels sit below national medians, and the rent-to-income relationship points to moderate affordability pressure, aiding retention and reducing payment risk relative to higher-cost submarkets. Home values are lower than many coastal markets; in investor terms, that means some households may “graduate” to ownership over time, so asset positioning and lease management remain important to sustain occupancy.
Within a 3-mile radius, recent population and household growth, alongside rising incomes, suggest a larger tenant base over the next few years, supporting occupancy stability and consistent leasing. These dynamics, coupled with above-median local amenities, present a pragmatic commercial real estate analysis lens for maintaining demand while managing competitive pressures from entry-level ownership.
Neighborhood safety metrics are mixed but trending in a favorable direction. Compared with other Ocala neighborhoods, crime ranks in the above-average range, while national positioning is closer to mid-pack. Recent year-over-year declines in both violent and property offense estimates indicate improving momentum, which can support renter retention and leasing confidence if the trend persists.
Investors should underwrite to submarket-level patterns rather than block-level assumptions, monitor continued crime-rate improvements, and align onsite measures (lighting, access control, resident engagement) with underwriting assumptions for long-term operations.
Regional employment access is anchored by diversified services; proximity to corporate operations supports commute convenience and renter retention for workforce housing.
- Waste Management — environmental services (27.6 miles)
This 96-unit asset sits in an inner-suburban neighborhood that ranks in the top quartile within the Ocala metro, with a high share of renter-occupied housing that deepens the tenant base. According to CRE market data from WDSuite, occupancy at the neighborhood level has improved in recent years, and moderate rent-to-income dynamics suggest room for disciplined revenue management without straining retention.
Amenity access (grocery, parks, pharmacies) outperforms metro norms, supporting day-to-day livability, while 3-mile population and household growth point to a larger renter pool over the medium term. Key watch items include below-average school ratings and potential competition from attainable ownership; both argue for thoughtful unit finishes and service levels to keep leasing velocity and renewals resilient.
- Top-quartile neighborhood standing among 113 metro areas supports competitive positioning
- High renter-occupied housing share indicates depth of tenant base and demand stability
- Improving neighborhood occupancy and moderate rent-to-income ratios aid retention and pricing control
- Strong access to daily-needs amenities (grocery, parks, pharmacies) supports leasing and livability
- Risks: lower school ratings and accessible ownership alternatives require careful unit positioning and renewal strategy