| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 32nd | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5316 Millenia Blvd, Orlando, FL, 32839, US |
| Region / Metro | Orlando |
| Year of Construction | 2008 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5316 Millenia Blvd Orlando Multifamily Near Employers
High renter concentration and everyday retail access point to durable tenant demand in this Urban Core pocket, according to WDSuite’s CRE market data. Neighborhood occupancy and rent levels should be evaluated alongside leasing management, as these metrics reflect the broader area rather than the property.
The property sits in Orlando’s Urban Core near Millenia, with grocery and pharmacy access testing in the upper national percentiles, while parks and cafes are limited. This mix supports day-to-day convenience for renters and helps retention, though recreation amenities are thinner within the immediate neighborhood.
Renter-occupied share is very high (top tier nationally), signaling a deep tenant base for multifamily. At the same time, neighborhood occupancy trends are below the metro median, so underwriting should focus on leasing execution and unit positioning rather than expecting tightness to do the work.
Within a 3-mile radius, recent population was roughly stable over the last five years, but projections indicate population growth and a notable increase in households by 2028, implying a larger tenant base and more, smaller households entering the market. This supports occupancy stability and absorption potential if product is maintained and priced appropriately.
Ownership costs in the area skew elevated relative to incomes (higher value-to-income standing), which can sustain reliance on multifamily housing and support pricing power. However, rent-to-income indicators suggest some affordability pressure, making renewal strategies and amenity-to-rent balance important. Average school ratings score below national norms, which may temper appeal for family renters but is less critical for workforce-oriented demand.
Construction patterns in the neighborhood skew relatively recent, and a 2008 vintage positions the asset competitively versus older stock, while still warranting mid-life capital planning on building systems and common areas to maintain leasing performance.
Safety signals are mixed. The neighborhood tracks close to national averages overall, with violent offense measures testing below favorable national percentiles, which warrants prudent security and lighting standards. Notably, property crime shows a meaningful year-over-year improvement trend, indicating recent momentum in the right direction. Ranks and percentiles reflect comparisons against Orlando-Kissimmee-Sanford, FL neighborhoods and national peers, rather than property-specific conditions.
Nearby corporate offices help anchor weekday traffic and support workforce renter demand, with commute-friendly access to Prudential, Ryder, Darden Restaurants, Airgas Specialty Products, and Symantec.
- Prudential — corporate offices (0.8 miles)
- Ryder — transportation & logistics offices (2.1 miles)
- Darden Restaurants — corporate offices (4.0 miles) — HQ
- Airgas Specialty Products — industrial gases offices (19.8 miles)
- Symantec — software & cybersecurity offices (21.5 miles)
5316 Millenia Blvd offers exposure to an Orlando Urban Core neighborhood with a very high renter-occupied share, solid everyday retail access, and proximity to anchor employers. According to CRE market data from WDSuite, rents in the area sit above national medians while neighborhood occupancy runs softer than metro leaders, putting emphasis on active leasing management and product differentiation. The 2008 vintage provides competitive positioning versus older stock, with mid-life systems suggesting thoughtful capital planning to sustain rent growth and reduce turnover.
Within a 3-mile radius, projections point to population growth and a sizable increase in households by 2028, which implies renter pool expansion and support for absorption. Elevated ownership costs relative to incomes can reinforce reliance on rentals, though rent-to-income readings highlight affordability pressure that should be managed through renewal strategies and amenity calibration. School quality trends are below national norms, which may reduce family-oriented demand but is less likely to deter workforce renters drawn by commute convenience.
- High renter-occupied share supports a deep tenant base and leasing velocity
- Proximity to major employers and strong grocery/pharmacy access aids retention
- 2008 vintage competitive versus older stock; plan mid-life capex to sustain performance
- Household growth within 3 miles indicates renter pool expansion and absorption support
- Risks: below-metro occupancy trends, affordability pressure, and lower school ratings