| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Good |
| Demographics | 74th | Best |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1515 N Alafaya Trl, Orlando, FL, 32828, US |
| Region / Metro | Orlando |
| Year of Construction | 2008 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1515 N Alafaya Trl Orlando Multifamily Investment
Positioned in an inner-suburban Orlando node with deep renter demand and strong amenity access, this asset benefits from a high neighborhood renter concentration and steady leasing fundamentals, according to WDSuite’s CRE market data. Newer construction relative to nearby stock supports competitive positioning while leaving room for selective upgrades.
This inner-suburban location ranks among the top tier of the Orlando-Kissimmee-Sanford metro (4th of 465 neighborhoods; A+ rating), reflecting balanced livability and investment appeal. Amenity density is a clear strength: restaurants, cafes, pharmacies, parks, and groceries all score in the mid-80s to upper-90s national percentiles, supporting day-to-day convenience and renter retention.
The neighborhood skews heavily renter-occupied (about 78% of housing units are renter-occupied; 99th percentile nationally). For multifamily owners, that points to a deep tenant base and resilient leasing activity at the neighborhood level, even as property-level performance will depend on asset quality and management. Neighborhood occupancy is around the national middle, so underwriting should assume typical lease-up and renewal dynamics rather than outsized tightness.
Demographic statistics aggregated within a 3-mile radius indicate population growth of roughly 12% since the former period, with households up about 9.6% and forecast to expand by about 43% through 2028. Household sizes are trending smaller over time, which can broaden the renter pool and support absorption for efficient floorplans. Educational attainment is high for the neighborhood (bachelor’s share in the mid-90s national percentile), a demand signal for professionally managed apartments.
Home values sit near the middle of national distributions, while neighborhood median contract rents trend in the higher band nationally. That mix suggests a high-cost ownership market relative to local incomes in some segments and reinforces reliance on multifamily housing. For investors conducting commercial real estate analysis, the takeaway is steady renter demand with pricing power guided by income-to-rent ratios and asset positioning.
Construction patterns also favor competitive product: average neighborhood vintage is the late 1990s, while this property was built in 2008, positioning it newer than nearby stock and supportive of resident appeal versus older alternatives.
Safety metrics are mixed. Compared with neighborhoods nationwide, this area falls below the national middle on safety measures (around the 20th–33rd national percentiles). Within the Orlando-Kissimmee-Sanford metro, the neighborhood ranks 271 out of 465 on composite crime measures, indicating it trails metro averages.
Recent trend data offers a partial counterpoint: estimated property offenses declined by about 29% year over year, which is a constructive directional signal, though violent-offense metrics remain relatively weak nationally. Investors should calibrate operating plans (lighting, access controls, and resident engagement) to sustain retention and support leasing while monitoring metro-wide trends.
The area draws from a wide employment base across corporate services, restaurants, and technology, supporting workforce housing demand and commute convenience. Nearby employers include Ryder, Prudential, Darden Restaurants, Symantec, and Space Coast Aflac Region.
- Ryder — logistics (14.4 miles)
- Prudential — financial services (15.3 miles)
- Darden Restaurants — restaurant headquarters (16.7 miles) — HQ
- Symantec — cybersecurity offices (17.3 miles)
- Space Coast Aflac Region — insurance (33.0 miles)
Built in 2008, this 80-unit property is newer than the neighborhood average, which should enhance competitiveness against 1990s-era stock while leaving room for targeted upgrades as systems age. At the neighborhood level, a high share of renter-occupied housing (near the top nationally) and amenity-rich surroundings support leasing velocity and retention. Within a 3-mile radius, population and households have expanded and are projected to continue growing through 2028, indicating a larger tenant base and support for occupancy stability.
Neighborhood occupancy trends are broadly in line with national medians, suggesting stable—but not frothy—conditions where asset quality and management will drive outcomes. According to CRE market data from WDSuite, neighborhood rents skew higher nationally while ownership costs sit near mid-range levels, a mix that can sustain multifamily demand but warrants attention to rent-to-income ratios when setting pricing and renewal strategies.
- 2008 vintage offers competitive positioning versus older neighborhood stock, with selective value-add potential
- High renter concentration and strong amenity access support demand depth and retention
- 3-mile population and household growth expand the renter pool and support occupancy stability
- Neighborhood rents trend higher nationally; pricing should be calibrated to local incomes for sustained performance
- Risks include below-median safety readings and affordability pressure (elevated rent-to-income), requiring proactive operations