| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 30th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5087 Commander Dr, Orlando, FL, 32822, US |
| Region / Metro | Orlando |
| Year of Construction | 2006 |
| Units | 23 |
| Transaction Date | 2021-05-17 |
| Transaction Price | $39,180,000 |
| Buyer | MILL CREEK APARTMENTS LLC |
| Seller | FFAH MILL CREEK FL LLC |
5087 Commander Dr Orlando Multifamily Investment
Neighborhood occupancy is strong and has trended upward, supporting income stability for a 23‑unit asset, according to WDSuite’s CRE market data. Metrics cited here describe the surrounding neighborhood, not this specific property.
Located in Orlando’s inner-suburb fabric, the neighborhood carries a C rating and sits above metro median on several renter-demand indicators. Neighborhood occupancy ranks 43 out of 465 metro neighborhoods and is in the top decile nationally, signaling tight supply conditions that can support leasing durability and pricing discipline at stabilized assets.
Renter-occupied share is high, ranking 16 of 465 locally and near the top nationally, which points to a deep tenant base for multifamily. Median contract rents benchmark around the 65th national percentile, indicating market-rate positioning rather than luxury pricing. Investors should manage for affordability pressure, as rent-to-income metrics sit near the low national percentiles; this can affect renewal strategies and concession use in softer periods.
The property’s 2006 vintage is newer than the neighborhood’s average construction year (1990), suggesting relative competitiveness versus older stock. Investors may still plan for mid‑cycle system updates and light common‑area refreshes to maintain positioning against recent deliveries.
Amenities are mixed: restaurants per square mile rank in the upper tiers of the metro with a high national percentile, while cafes, parks, and pharmacies are sparse. Average school ratings are lower (around the 15th national percentile), which may matter for family‑oriented renter segments. Within a 3‑mile radius, recent population growth and a rising household count have expanded the local renter pool; forward projections show household increases alongside smaller household sizes, which typically sustain demand for rental units even if population levels flatten. Homeownership remains a high‑cost proposition relative to incomes (value‑to‑income around the upper national percentiles), reinforcing reliance on multifamily and supporting retention when managed with thoughtful rent-to-income thresholds, based on CRE market data from WDSuite.
Safety indicators are mixed relative to Orlando peers. The neighborhood’s overall crime posture sits around the metro median, and about the middle of U.S. neighborhoods by national percentile. Property and violent offense rates have improved year over year, with declines that place the area above national median for recent trend improvement.
Interpreting local rank within context: areas with lower numerical ranks among 465 metro neighborhoods indicate relatively more reported crime, while higher national percentiles indicate comparatively safer conditions. Here, trends are moving in a favorable direction, but investors should still underwrite professional security practices and lighting/visibility measures appropriate for inner‑suburban assets.
Proximity to corporate offices provides a steady commuter renter base and supports weekday occupancy and renewals. Nearby employment nodes include Ryder, Prudential, Darden Restaurants, Symantec, and Airgas Specialty Products.
- Ryder — logistics (6.7 miles)
- Prudential — financial services (8.2 miles)
- Darden Restaurants — corporate offices (8.8 miles) — HQ
- Symantec — software & cybersecurity offices (20.0 miles)
- Airgas Specialty Products — industrial gases (25.5 miles)
This Orlando inner‑suburban location exhibits tight neighborhood occupancy with a renter‑heavy housing mix, creating depth for workforce and market‑rate demand. The asset’s 2006 construction is newer than surrounding stock, providing a competitive baseline against older properties while leaving room for targeted value‑preserving upgrades. According to CRE market data from WDSuite, neighborhood rents sit above national medians while ownership costs remain elevated relative to incomes, a combination that supports renter reliance and leasing stability when paired with disciplined rent-to-income management.
Forward demographics within a 3‑mile radius point to more households and smaller household sizes, broadening the tenant base even as population growth moderates. Amenities skew toward restaurants, and access to major employers within commuting distance underpins weekday occupancy and renewal potential. Key underwriting items include rent affordability and school quality, which may influence unit mix strategy and resident retention programming.
- Tight neighborhood occupancy and high renter concentration support demand and leasing stability.
- 2006 vintage offers competitive positioning versus older local stock with scope for targeted upgrades.
- Household growth and smaller household sizes within 3 miles expand the renter pool over the near term.
- Nearby corporate employers help sustain weekday occupancy and renewals.
- Risks: rent affordability pressure and lower school ratings may affect renewal strategy and unit mix.