| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 75th | Best |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4004 Lake Underhill Rd, Orlando, FL, 32803, US |
| Region / Metro | Orlando |
| Year of Construction | 1988 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4004 Lake Underhill Rd Orlando Multifamily Investment
Neighborhood fundamentals point to durable renter demand and steady leasing potential, according to WDSuite s CRE market data. The area s renter concentration and amenity access support occupancy stability relative to nearby submarkets.
Located in Orlando s inner-suburb fabric, the neighborhood carries an A- rating and ranks 76th among 465 metro neighborhoods, placing it above the metro median. Grocery and restaurant density sit in the top quartile nationally, while parks and pharmacies are also top quartile, offering daily convenience that supports resident retention and leasing.
The neighborhood s renter-occupied share is in the top quartile nationally, signaling a sizable tenant base for multifamily assets and depth for renewals and backfill. At the same time, neighborhood occupancy has eased versus five years ago, so operators should prioritize leasing execution and resident services to sustain performance.
Within a 3-mile radius, population and household counts have grown and are projected to continue increasing, pointing to a larger tenant base over the medium term. Income levels have trended higher as well, which, combined with a rent-to-income profile near the national middle, can help support pricing without materially elevating retention risk.
The asset s 1988 vintage is newer than the neighborhood s average construction year, giving it a relative competitive edge versus older housing stock. Investors should still underwrite targeted capital items and modernization to position against renovated comparables and sustain leasing velocity.
Safety trends are competitive among Orlando neighborhoods (465 total), with the area scoring modestly above the national middle. Recent data shows a meaningful year-over-year decline in property offenses, a favorable directional signal for operators, while violent offense indicators remain around the national midpoint. These patterns suggest conditions that can support resident retention when paired with standard property-level security and management practices.
Proximity to a diverse set of corporate offices supports a commuter tenant base and reinforces weekday leasing stability. Nearby employers include Ryder, Prudential, Darden Restaurants, Symantec, and Airgas Specialty Products.
- Ryder corporate offices (6.9 miles)
- Prudential corporate offices (7.3 miles)
- Darden Restaurants corporate offices (9.7 miles) HQ
- Symantec corporate offices (16.7 miles)
- Airgas Specialty Products corporate offices (26.8 miles)
4004 Lake Underhill Rd offers exposure to an inner-suburb Orlando location with strong everyday amenities and an established renter base. Based on CRE market data from WDSuite, the neighborhood sits above the metro median overall, with top-quartile access to groceries, restaurants, parks, and pharmacies that tend to support leasing and renewals. The 1988 vintage is newer than the neighborhood s average, creating a relative edge over older stock while leaving room for targeted value-add to enhance competitiveness.
Demand drivers include a top-quartile renter concentration at the neighborhood level and 3-mile demographics showing growth in population and households, pointing to ongoing renter pool expansion. While neighborhood occupancy has softened versus five years ago, income trends and a balanced rent-to-income profile suggest room for disciplined revenue management where property condition and operations are strong.
- Inner-suburb Orlando location with top-quartile daily amenity access supporting retention
- 1988 vintage newer than area average opportunity for targeted upgrades and repositioning
- Large renter base (top quartile nationally) and growing 3-mile population/households bolster leasing depth
- Evidence of improving property offense trends supports operational stability
- Risk: neighborhood occupancy has eased vs. 5 years ago active leasing and resident services remain important