| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 32nd | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5000 Millenia Blvd, Orlando, FL, 32839, US |
| Region / Metro | Orlando |
| Year of Construction | 2002 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5000 Millenia Blvd Orlando Multifamily Investment
Renter concentration is high in the immediate neighborhood, supporting a deeper tenant base and steady leasing, according to WDSuite’s CRE market data.
Located within Orlando’s Urban Core, the neighborhood scores a B rating and sits above the metro median (rank 195 out of 465) for overall performance. Renter-occupied housing is prevalent, indicating a broad pool of potential tenants and reinforcing multifamily demand.
Everyday conveniences are accessible: grocery and pharmacy density ranks competitively among Orlando neighborhoods (both within the stronger end of local rankings) while cafes and parks are limited. For investors, this mix suggests solid daily-needs access with room for amenity-driven value-add at the property level.
Median home values track in the middle of national peers while the value-to-income ratio is elevated (top quartile nationally), a combination that typically sustains rental demand by making ownership comparatively high-cost for many households. Rent-to-income levels signal affordability pressure for some renters, so lease management and renewal strategies matter for retention and pricing power.
Within a 3-mile radius, demographics show a stable population today and projections of renter pool expansion over the next five years alongside rising household incomes. This supports a constructive outlook for occupancy and rent growth, grounded in commercial real estate analysis and validated by CRE market data from WDSuite.
Safety indicators are mixed relative to national norms, with the neighborhood near the national middle overall. Notably, recent trends show improvement: both property and violent offenses have declined year over year, which is a positive directional signal rather than a guarantee.
Compared with Orlando’s 465 neighborhoods, this area is competitive in some categories but not top tier. For investors, the emphasis should be on trend direction and property-level measures that support resident comfort and retention.
Proximity to diversified employers supports workforce housing demand and commute convenience, with nearby roles spanning financial services, logistics, and corporate dining.
- Prudential — financial services (0.43 miles)
- Ryder — logistics and fleet management (2.31 miles)
- Darden Restaurants — restaurant corporate offices (4.31 miles) — HQ
- Airgas Specialty Products — industrial gases (20.11 miles)
- Symantec — software and cybersecurity (21.16 miles)
Built in 2002, the property competes well versus older stock in the Urban Core and should benefit from a high share of renter-occupied housing nearby that deepens the tenant base. Neighborhood occupancy is below top local performers, but population and household projections within 3 miles point to a larger renter pool and rising incomes, supporting leasing stability over the medium term. According to CRE market data from WDSuite, elevated ownership costs relative to incomes in the area tend to sustain reliance on multifamily housing, while recent safety trends are improving.
Key considerations include targeted capex to keep systems current for a 2002 vintage and thoughtful affordability management given rent-to-income pressures. With groceries and pharmacies close by but limited parks and cafes, amenity upgrades or service partnerships may further strengthen retention.
- 2002 vintage offers competitive positioning versus older stock; plan selective upgrades to maintain appeal
- High renter-occupied share nearby supports depth of demand and leasing velocity
- Daily-needs retail (grocery/pharmacy) nearby underpins convenience; limited parks/cafes suggest value-add opportunity
- Demographic projections within 3 miles indicate a growing renter pool and higher incomes, supporting occupancy
- Risks: neighborhood occupancy below top local tiers and rent-to-income pressure require active lease and renewal management