| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 59th | Best |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5101 SW 60th Street Rd, Ocala, FL, 34474, US |
| Region / Metro | Ocala |
| Year of Construction | 2004 |
| Units | 40 |
| Transaction Date | 2003-04-25 |
| Transaction Price | $538,000 |
| Buyer | MIMS DANIEL |
| Seller | MARTINO RUTH |
5101 SW 60th Street Rd Ocala Multifamily Investment
Neighborhood occupancy is solid with stable renter demand, according to WDSuite s CRE market data, positioning this 40-unit asset for steady performance in an inner-suburban corridor. A growing household base nearby supports leasing durability without relying on outsized rent growth.
Located in Ocala s inner suburbs, the property benefits from a neighborhood rated A+ and ranked 3rd among 113 metro neighborhoods, indicating strong overall fundamentals. Neighborhood occupancy is around 95% (neighborhood-level), a level that typically supports leasing stability relative to metro peers. Median contract rents in the neighborhood trend in the mid-$1,400s, with a rent-to-income ratio near 0.27, suggesting manageable affordability pressure that can aid retention and reduce turnover risk.
Amenity access is competitive among Ocala neighborhoods (ranked 10th of 113), with cafes (12th/113), restaurants (18th/113), groceries (20th/113), and pharmacies (24th/113) providing daily needs coverage. Park access is limited (ranked 113th/113), so on-site open space and property amenities may be more important to resident satisfaction.
Demographic statistics aggregated within a 3-mile radius point to a larger tenant base: population grew meaningfully over the past five years, households increased by roughly a fifth, and forecasts indicate further renter pool expansion through 2028. The renter-occupied share is around one-third at the neighborhood level, and forecasts within the 3-mile radius indicate renter concentration moving toward a similar share, reinforcing depth of demand for multifamily product.
Relative to national context, the neighborhood sits above the national median on several housing and amenity measures (national percentiles generally in the 60s to low 70s). Home values are moderate for Florida, which can introduce some competition from ownership; however, in-practice this often supports steady multifamily occupancy while requiring disciplined pricing and renewal strategies.
Safety indicators are mixed and should be considered in underwriting. The neighborhood s crime rank is 96th among 113 Ocala metro neighborhoods, signaling weaker relative standing locally, while national positioning trends closer to the middle of the pack. Property-related offenses are elevated compared with national norms, but recent violent offense trends show notable improvement year over year. Investors typically address these dynamics through lighting, access control, and resident engagement to support retention.
Regional employment is diversified, and proximity to corporate operations supports commuter housing demand for the submarket. Notable nearby employers include:
- Waste Management environmental services (27.2 miles)
This 2004-vintage, 40-unit asset sits in an A+ rated inner-suburban neighborhood with occupancy around 95% at the neighborhood level and competitive amenity access. Based on commercial real estate analysis using CRE market data from WDSuite, rents and rent-to-income levels indicate room to focus on renewals and operational execution over outsized rent lifts. Demographic momentum within a 3-mile radius with growing households today and additional expansion forecast through 2028 supports a larger tenant base and leasing durability.
Vintage slightly predates the neighborhood s average construction year, suggesting selective capital planning for interiors and common areas can enhance positioning against newer supply while supporting retention. Moderate area home values may create some competition with ownership, making resident experience, operations, and targeted upgrades important to sustain occupancy and pricing power.
- A+ neighborhood ranked 3rd of 113 in the metro, with competitive amenity access and solid occupancy
- 3-mile radius shows past and forecast household growth, expanding the renter pool and supporting lease stability
- 2004 vintage offers value-add potential via targeted interior and common-area upgrades
- Balanced rent-to-income levels favor renewal strategies and disciplined revenue management
- Risks: elevated property-crime context locally and limited park access; mitigate via security, amenities, and resident engagement