| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 30th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5300 Commander Dr, Orlando, FL, 32822, US |
| Region / Metro | Orlando |
| Year of Construction | 1996 |
| Units | 24 |
| Transaction Date | 2014-06-25 |
| Transaction Price | $14,800,000 |
| Buyer | COMMANDER HARMONY HOUSING LLC |
| Seller | COMMANDER PLACE HOUSING LTD |
5300 Commander Dr Orlando Multifamily Investment Opportunity
Neighborhood occupancy is high and renter demand is deep in this inner-suburb pocket of Orlando, according to WDSuite’s CRE market data, supporting stable operations for professionally managed units. Figures cited reflect neighborhood conditions, not the specific property.
Located in an Inner Suburb of Orlando, the area balances everyday convenience with strong rental fundamentals. Grocery access is solid (above the national average), and dining density is competitive, while parks, pharmacies, cafes, and childcare are relatively limited—factors to consider for resident experience and leasing strategy.
Neighborhood occupancy is 98.1% (top quartile nationally and above metro median among 465 neighborhoods), a positive read-through for near-term leasing and renewal stability based on CRE market data from WDSuite. The renter-occupied share of housing units sits at 72.9% (top decile in the metro), indicating a large tenant base and depth of demand for multifamily product.
Within a 3-mile radius, population grew in recent years alongside gains in families and households, signaling a larger tenant pool; forward-looking estimates indicate modest population softness but a meaningful increase in households and smaller household sizes, which can sustain demand for rental units and support occupancy stability.
Home values are elevated relative to local incomes (value-to-income metrics rank in the upper tier nationally), which typically sustains reliance on rental housing and can aid pricing power. At the same time, rent-to-income levels are on the higher side locally, warranting attention to affordability pressure and renewal management.
The average construction year in the neighborhood trends earlier than 1996; being built in 1996 positions the asset relatively newer than local stock, supporting competitive positioning versus older vintage properties, though targeted modernization may still be advisable to meet current renter expectations.
Safety indicators sit around the national mid-range overall, with recent year-over-year declines in both property and violent offense estimates, according to WDSuite’s CRE market data. National percentiles suggest improvement momentum that is directionally favorable, though not yet top-tier.
For investors, the takeaway is cautious but constructive: trends point to gradual improvement versus nationwide patterns, while safety performance remains mixed and should be underwritten with appropriate operating assumptions and resident-experience initiatives.
Nearby employers provide a diversified white-collar and services employment base that supports renter demand and commute convenience for workforce households, including Ryder, Prudential, Darden Restaurants, Symantec, and Airgas Specialty Products.
- Ryder — logistics & transportation offices (6.5 miles)
- Prudential — financial services offices (8.1 miles)
- Darden Restaurants — corporate offices (8.5 miles) — HQ
- Symantec — cybersecurity/software offices (20.2 miles)
- Airgas Specialty Products — industrial gases offices (25.2 miles)
This 24-unit asset at 5300 Commander Dr benefits from a high-renter, high-occupancy neighborhood where leasing conditions remain favorable relative to both metro and national benchmarks. Based on CRE market data from WDSuite, neighborhood occupancy sits in the top quartile nationally, and the renter-occupied share is among the highest in the metro—both indicators of a deep tenant base and support for renewal stability.
Built in 1996, the property is newer than much of the nearby stock, offering competitive positioning versus older assets while still allowing room for targeted upgrades to drive rent premiums. Ownership affordability remains stretched relative to incomes, reinforcing rental demand, though elevated rent-to-income levels point to retention and collections risks that call for measured lease management and value-focused amenity upgrades.
- High neighborhood occupancy and strong renter concentration support leasing stability
- 1996 vintage provides competitive edge versus older local product with value-add potential
- Employment access to regional corporate offices underpins sustained workforce demand
- Elevated ownership costs relative to incomes reinforce renter reliance and pricing power
- Risks: higher rent-to-income ratios, limited nearby parks/cafes, and mixed safety metrics require prudent underwriting