| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 54th | Good |
| Amenities | 38th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 943 W Orange Blossom Trl, Apopka, FL, 32712, US |
| Region / Metro | Apopka |
| Year of Construction | 1974 |
| Units | 64 |
| Transaction Date | 2014-11-20 |
| Transaction Price | $3,254,400 |
| Buyer | ROCKWELL DEVELOPMENT GROUP LLC |
| Seller | PALMETTO BAY ASSOCIATES LLC |
943 W Orange Blossom Trl, Apopka Multifamily Opportunity
Neighborhood occupancy is competitive among Orlando-Kissimmee-Sanford submarkets and supported by steady 3-mile population and household growth, according to WDSuite’s CRE market data. Investors should view this location as a stable renter base with potential to capture demand as incomes rise.
Located in suburban Apopka within the Orlando-Kissimmee-Sanford metro, the property benefits from neighborhood fundamentals that point to demand resilience. The neighborhood’s occupancy rate is in the above-median range for the metro (competitive among Orlando-Kissimmee-Sanford neighborhoods) and sits above the national median, per WDSuite’s CRE market data. Nearby amenities skew toward daily needs and dining, with grocery and restaurant density performing in the upper tiers nationally, while park and pharmacy access are thinner — an operational consideration for positioning and resident services.
Construction year for the asset is 1974, older than the neighborhood’s average vintage (1987). That age profile suggests prudent capital planning and potential value-add/renovation upside to enhance competitiveness against newer stock and support rent positioning. Average unit sizes around 829 square feet provide workable layouts for workforce-oriented tenants and small families.
Within a 3-mile radius, demographics indicate a larger tenant base today and ahead: population grew in the last five years and is projected to expand further over the next five, with household counts also increasing. Median household income within 3 miles has climbed meaningfully, and forecasts indicate further gains — a tailwind for rent growth and leasing durability when paired with thoughtful affordability management.
Tenure patterns matter for underwriting: approximately a quarter of housing units within 3 miles are renter-occupied today, pointing to a moderate renter concentration that can support multifamily demand. The metro-level home value context skews higher than the national median, which, together with rising incomes, can sustain reliance on quality rental options and help retention, though ownership alternatives may compete for some households. Operators should monitor rent-to-income levels locally to balance pricing power with lease stability.
Safety indicators in the immediate neighborhood are mixed and should be evaluated as part of risk management. Relative to the Orlando-Kissimmee-Sanford metro, the neighborhood’s crime rank sits in the lower half (ranked 265 among 465 neighborhoods), and nationally it falls below average for safety (around the 33rd percentile), per WDSuite. Property and violent offense rates benchmark near the national mid-range (roughly low-40s percentiles), with the latest year showing an uptick in violent incidents. Operators can mitigate volatility through typical measures such as lighting, access controls, and coordination with local resources, and by emphasizing resident screening and on-site management.
The employment base within commuting range includes technology, financial services, logistics, and corporate restaurant operations, supporting renter demand through diversified job access. Notable nearby employers include Symantec, Prudential, Ryder, Darden Restaurants, and Waste Management.
- Symantec — software & cybersecurity offices (12.2 miles)
- Prudential — financial services offices (14.8 miles)
- Ryder — logistics & transportation offices (17.1 miles)
- Darden Restaurants — corporate restaurant group (19.5 miles) — HQ
- Waste Management — environmental services offices (24.7 miles)
This 64-unit asset offers exposure to an Orlando-suburban location where neighborhood occupancy performance is competitive among metro peers and national medians, with amenity depth anchored by grocery and dining options. The 3-mile radius shows population and household growth alongside rising incomes, which can support a larger tenant base and pricing durability, according to CRE market data from WDSuite. The 1974 vintage implies potential value-add through unit and systems modernization to sharpen positioning against younger properties.
Context matters for underwriting: home values in the surrounding area are elevated versus national norms, reinforcing sustained rental demand for well-managed product, while a moderate renter-occupied share suggests a stable but competitive pool. Operators should balance rent objectives with affordability to strengthen lease retention and mitigate turnover.
- Competitive neighborhood occupancy within the Orlando-Kissimmee-Sanford metro supports leasing stability.
- 3-mile population and household growth with rising incomes expands the renter pool and pricing potential.
- 1974 vintage presents actionable value-add and capex planning opportunities to enhance performance.
- Daily-needs and dining amenities nearby aid retention and competitiveness with suburban alternatives.
- Risk: safety metrics trend below national averages; proactive management and property-level controls are important.