| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 32nd | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5324 Millenia Blvd, Orlando, FL, 32839, US |
| Region / Metro | Orlando |
| Year of Construction | 2008 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5324 Millenia Blvd Orlando Multifamily Investment
Renter demand in the immediate neighborhood is deep, supporting a stable tenant base near major employment nodes, according to WDSuite’s CRE market data. Newer construction relative to nearby stock positions the asset competitively while prudent leasing management remains important.
The property sits within an Urban Core neighborhood rated B and ranked 195 out of 465 within the Orlando-Kissimmee-Sanford metro—competitive among Orlando neighborhoods. Local fundamentals favor renters: the share of housing units that are renter-occupied is high, indicating a sizable tenant pool and potential for steady leasing velocity.
Everyday amenities are convenient. Neighborhood access to grocery and pharmacy options tracks high national percentiles, while restaurants are also comparatively plentiful; parks and cafes are more limited. For families, average school ratings in the neighborhood trail national benchmarks, which can influence unit mix strategy and marketing toward workforce and young professional cohorts.
Neighborhood contract rents benchmark above many U.S. areas while the neighborhood occupancy rate sits below national medians, suggesting investors should emphasize targeted leasing and renewal strategies to support occupancy stability. The median home value and a higher value-to-income ratio signal a relatively high-cost ownership market locally, which can reinforce reliance on multifamily housing and bolster tenant retention.
Demographic statistics aggregated within a 3-mile radius show recent softness in population and household counts, but projections point to population growth and a substantial increase in households alongside smaller average household sizes. This dynamic typically expands the renter pool and supports absorption for well-managed properties as more, smaller households enter the market.
Neighborhood safety indicators are mixed relative to national patterns. Overall crime levels align near the national middle, but violent offense metrics sit below stronger national percentiles, so conditions may feel more variable than in top-performing areas. Importantly, recent year-over-year trends show improvement: estimated property offenses declined meaningfully, landing in a stronger improvement percentile nationally, and violent offenses also trended down.
Within the Orlando-Kissimmee-Sanford metro, the neighborhood’s standing suggests investors should underwrite standard security measures and emphasize property-level controls, while recognizing the positive directionality in recent crime trend data.
Proximity to regional employers supports workforce housing demand and commute convenience for residents, including Prudential, Ryder, Darden Restaurants, Airgas Specialty Products, and Symantec.
- Prudential — financial services (0.79 miles)
- Ryder — logistics (2.09 miles)
- Darden Restaurants — restaurant group (3.95 miles) — HQ
- Airgas Specialty Products — industrial gases (19.81 miles)
- Symantec — cybersecurity (21.50 miles)
Built in 2008, the 32-unit asset offers newer construction versus nearby averages, providing competitive positioning against older stock while leaving room for modernization to enhance rents and retention over time. The neighborhood’s high share of renter-occupied housing units indicates depth in the tenant base, and nearby employment anchors support leasing and renewal prospects. At the same time, neighborhood occupancy sits below national medians, and local school ratings and safety scores trail stronger benchmarks, underscoring the value of active management and targeted marketing.
Looking forward, demographic statistics within a 3-mile radius point to population growth and a notable increase in households alongside smaller household sizes, which typically supports absorption and occupancy stability for well-run multifamily assets. According to CRE market data from WDSuite, local ownership costs remain comparatively elevated, which can sustain demand for rentals and provide a foundation for disciplined pricing strategies.
- 2008 vintage offers competitive positioning versus older stock, with potential value-add through selective upgrades
- High neighborhood renter-occupied share signals a deep tenant pool supporting leasing velocity
- Proximity to major employers underpins workforce demand and lease retention
- Forecasted population growth and more, smaller households within 3 miles support future absorption
- Risks: neighborhood occupancy below national medians and lagging school/safety metrics require focused leasing and property-level controls