| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 91st | Best |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1350 Common Way Rd, Orlando, FL, 32814, US |
| Region / Metro | Orlando |
| Year of Construction | 2013 |
| Units | 22 |
| Transaction Date | 2007-07-26 |
| Transaction Price | $1,353,400 |
| Buyer | PBP BLOCKS 20 LLC |
| Seller | ORLANDO NTC PARTNERS |
1350 Common Way Rd Orlando 22-Unit Multifamily
Newer construction and a high share of renter-occupied housing in the surrounding neighborhood point to durable tenant demand and steady occupancy, according to WDSuite’s CRE market data.
Situated in Orlando’s Urban Core, the property benefits from neighborhood fundamentals that are competitive among 465 metro neighborhoods, reflected in an A neighborhood rating and occupancy that trends above national norms. The area’s renter-occupied share ranks in the top quartile locally, signaling a deep tenant base that supports multifamily leasing stability rather than owner-occupied turnover.
Livability drivers are mixed: park access ranks among the top quartile nationally, while retail amenities like cafes, groceries, and restaurants are lighter relative to the metro median. For investors, this suggests residents may rely on nearby districts for retail, but recreation access and urban convenience remain strengths that can aid retention.
Within a 3-mile radius, demographics show recent population growth with households increasing and average household size edging lower, expanding the pool of smaller-household renters. Forward-looking estimates indicate additional population and household growth over the next five years, which can translate into a larger tenant base and support for occupancy.
Income and housing indicators skew higher than national benchmarks: household incomes sit well above national medians, and elevated home values (top decile nationally) create a high-cost ownership market. That ownership landscape typically sustains rental demand and can reinforce pricing power, while the neighborhood’s rent-to-income profile indicates relatively moderate affordability pressure that can support lease retention and prudent rent management.
Safety metrics for the neighborhood are favorable relative to the metro and slightly better than national averages. Based on WDSuite’s data, the area ranks in the top quartile for lower crime among 465 Orlando–Kissimmee–Sanford neighborhoods and sits above the national median for safety.
Recent trends show a pronounced decline in violent-offense rates year over year (a positive outlier nationally), while property offenses have increased modestly. For underwriting, this mix suggests a generally stable environment with an eye on property crime management and standard asset-level security measures.
Regional employment access is anchored by corporate offices within roughly 9–15 miles, supporting renter demand through commute convenience to professional and services roles. The employers below reflect the near-to-midrange commute shed most relevant to this address.
- Prudential — financial services (8.7 miles)
- Ryder — logistics (8.8 miles)
- Darden Restaurants — restaurant group corporate (11.6 miles) — HQ
- Symantec — software & cybersecurity offices (14.8 miles)
- Airgas Specialty Products — industrial gases (28.6 miles)
2013 construction is newer than the neighborhood’s average vintage, positioning the 22-unit asset competitively versus older stock while keeping near-term capital needs relatively measured. Neighborhood fundamentals are supportive: occupancy is above national norms, and renter-occupied housing is prevalent, indicating depth of tenant demand. Elevated home values in the area reinforce reliance on rental options, while the rent-to-income profile suggests manageable affordability pressure that can aid retention, according to CRE market data from WDSuite.
Within a 3-mile radius, recent population and household growth—and projections for continued household gains—point to a larger tenant base over the medium term. Park access compares well nationally, though local retail amenities are lighter, implying residents may commute for shopping and dining. Overall, the asset’s newer vintage, small scale, and Urban Core context align with steady leasing fundamentals, with attention to amenity-light surroundings and standard property crime mitigation in operations.
- Newer 2013 vintage offers competitive positioning versus older neighborhood stock and may temper near-term capex.
- Strong renter concentration and above-average neighborhood occupancy support demand resilience and leasing stability.
- High home values sustain reliance on rentals, while rent-to-income levels indicate manageable affordability pressure for retention.
- 3-mile radius shows recent and projected household growth, expanding the tenant pool over time.
- Risks: lighter nearby retail amenities and a recent uptick in property offenses warrant proactive amenity strategies and security oversight.