| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 32nd | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5312 Millenia Blvd, Orlando, FL, 32839, US |
| Region / Metro | Orlando |
| Year of Construction | 2008 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5312 Millenia Blvd Orlando Multifamily Investment
Renter demand is supported by a high concentration of renter-occupied units in the surrounding neighborhood and steady employment access, according to WDSuite s CRE market data. While occupancy at the neighborhood level trends below the metro median, depth of the tenant base helps underpin leasing durability.
The property sits in an Urban Core location within the Orlando-Kissimmee-Sanford metro, where the neighborhood holds a B rating and ranks 195 out of 465 metro neighborhoods. Amenity access is competitive among Orlando neighborhoods (rank 136 of 465), with strong proximity to grocery and pharmacy options, though park and caf density are thinner. Average school ratings in the immediate area are low, which is a consideration for family-oriented demand.
Rents and occupancy at the neighborhood level indicate mixed dynamics: the area s occupancy rate ranks 350 of 465 (below the metro median), but renter-occupied housing is exceptionally prevalent, ranking 8 of 465 a signal of a deep tenant pool and ongoing multifamily demand. Median contract rents benchmark above national midpoints, and value-to-income metrics suggest a high-cost ownership market that can sustain reliance on rentals and support pricing power.
Within a 3-mile radius, demographics show a large existing population base with projections for population growth and a substantial increase in households over the next five years. Smaller average household size in the outlook implies more households forming within the same population footprint, which typically translates into a larger tenant base and supports occupancy stability. Median rent-to-income levels point to some affordability pressure, warranting lease management and renewal strategies that balance rent growth with retention.
From a vintage standpoint, 2008 construction is newer than the local average (2004). This positioning can enhance competitive appeal versus older stock, while investors should still plan for mid-life system updates and potential common-area or unit-level modernization to capture value-add upside. These dynamics, paired with accessible daily-needs retail, form a practical basis for multifamily property research and underwriting.
Neighborhood safety indicators are around the national midpoint overall (crime near the 48th national percentile), and the area ranks 129 of 465 among Orlando neighborhoods competitive but not top-tier. Recent trends are constructive: estimated violent and property offense rates have declined year over year, suggesting improving conditions rather than deterioration.
For investors, this points to standard risk management rather than outsized exposure. Monitoring submarket police reports and sustained trend lines will help confirm whether recent improvements persist.
The surrounding employment base combines insurance, logistics, corporate restaurant headquarters, industrial gases, and cybersecurity offices an employment mix that supports workforce housing demand and commute convenience for renters.
- Prudential insurance (0.72 miles)
- Ryder logistics (2.14 miles)
- Darden Restaurants restaurant HQ (4.02 miles) HQ
- Airgas Specialty Products industrial gases (19.86 miles)
- Symantec cybersecurity (21.44 miles)
5312 Millenia Blvd benefits from a deep renter base and convenient access to everyday amenities, with the neighborhood ranking competitive within the Orlando metro for amenity access but below the metro median for occupancy. The 2008 vintage positions the asset as newer than nearby stock, which can aid leasing and retention, while still offering mid-life renovation opportunities. According to CRE market data from WDSuite, elevated ownership costs in the area reinforce reliance on rentals, supporting demand even as rent-to-income ratios call for careful renewal and pricing strategies.
Looking forward, demographic indicators within a 3-mile radius suggest renter pool expansion via rising household counts and smaller household sizes, providing a tailwind for occupancy stability and leasing velocity. Nearby employers provide a steady commuter tenant base, though investors should underwrite conservatively given below-median neighborhood occupancy and modest school ratings.
- Deep renter-occupied concentration supports durable multifamily demand
- 2008 vintage offers relative competitiveness plus value-add modernization potential
- Projected household growth within 3 miles expands the tenant base and supports occupancy
- Amenity access is competitive locally, reinforcing day-to-day renter convenience
- Risks: below-median neighborhood occupancy and low school ratings require conservative underwriting and focused retention strategies