| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 47th | Fair |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4901 Cason Cove Dr, Orlando, FL, 32811, US |
| Region / Metro | Orlando |
| Year of Construction | 1998 |
| Units | 26 |
| Transaction Date | 2014-02-18 |
| Transaction Price | $12,500,000 |
| Buyer | AVANATH WATER VIEW LLC |
| Seller | WATER VIEW PATNERS LTD |
4901 Cason Cove Dr Orlando Multifamily Investment
High renter concentration and strong everyday retail access support durable tenant demand in this inner-suburb location, according to WDSuite’s CRE market data. Newer 1998 vintage versus local averages offers competitive positioning with potential to capture steady leasing in a workforce-driven pocket of Orlando.
This Inner Suburb neighborhood of Orlando balances everyday convenience with workforce accessibility. Grocery and dining density test well versus national peers (grocery and restaurant availability score in the high national percentiles), while parks, cafes, and pharmacies are limited locally. For investors, that mix supports daily-needs living and commute practicality, even if lifestyle amenities are thinner within the immediate blocks.
Rent levels in the neighborhood sit around the middle of the national distribution and have risen materially in the last five years, per commercial real estate analysis from WDSuite. Neighborhood occupancy has trended softer in recent years, so underwriting should emphasize conservative lease-up timelines and renewal management to protect cash flow.
Renter concentration is high at the neighborhood level and remains elevated within a 3-mile radius, indicating a deep tenant base for multifamily product. In the same 3-mile radius, recent population growth has been modest, but projections call for a larger household count over the next five years, which suggests a broader tenant pool and supports occupancy stability if supply additions remain measured.
Home values in the area are relatively accessible compared with many U.S. locations, which can create some competition with ownership options. However, rent-to-income levels benchmark in a manageable range locally, aiding retention and giving operators room to tune pricing and concessions to market conditions.
The property’s 1998 construction is newer than the neighborhood’s average vintage. That positioning can reduce near-term capital intensity versus older stock and supports competitive appeal, while still warranting selective system updates and common-area refreshes to meet current renter expectations.
Neighborhood safety indicators sit below national averages, with crime measures falling into lower national percentiles compared with U.S. neighborhoods. Within the Orlando-Kissimmee-Sanford metro, the area ranks 223 out of 465 neighborhoods, placing it around the metro midpoint. Year over year, estimated property offenses have declined meaningfully, which is a constructive directional signal, while violent crime metrics remain an area to monitor.
Investors should reflect these dynamics in operating plans through onsite security practices, lighting and access controls, and partnership with property management to support resident retention.
Nearby corporate offices provide a diversified employment base that underpins renter demand and commute convenience for workforce tenants, including Prudential, Ryder, Darden Restaurants, Symantec, and Airgas Specialty Products.
- Prudential — corporate offices (1.0 miles)
- Ryder — corporate offices (3.5 miles)
- Darden Restaurants — corporate offices (5.8 miles) — HQ
- Symantec — corporate offices (19.9 miles)
- Airgas Specialty Products — corporate offices (21.3 miles)
Positioned in an inner-suburban Orlando location with high renter concentration and strong daily-needs retail access, this 26-unit asset is set up for steady workforce demand. Based on CRE market data from WDSuite, neighborhood rents benchmark near the national middle, rent-to-income sits in a manageable range, and grocery/restaurant density is competitive nationally—factors that can support leasing velocity and renewals even as occupancy trends have softened locally.
The 1998 vintage is newer than the area’s average stock, offering competitive positioning against older properties while allowing targeted value-add through modernization of interiors and common areas. Within a 3-mile radius, population growth has been modest but households are projected to increase, implying a broader tenant base and supporting long-run occupancy, provided new supply remains in check.
- High renter concentration supports deep tenant base and renewal potential
- Daily-needs retail access (strong grocery and dining density) benefits leasing
- 1998 construction enables competitive positioning with selective value-add upside
- 3-mile household growth outlook expands the prospective renter pool
- Risks: softer neighborhood occupancy, below-average safety metrics, and potential competition from ownership options