| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Poor |
| Demographics | 9th | Poor |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5337 Esplanade Park Cir, Orlando, FL, 32839, US |
| Region / Metro | Orlando |
| Year of Construction | 2007 |
| Units | 23 |
| Transaction Date | 2022-12-22 |
| Transaction Price | $31,395,100 |
| Buyer | ORLANDO 101 FL LLC |
| Seller | ESPLANADE INVESTORS LLC |
5337 Esplanade Park Cir Orlando Multifamily Investment
Renter concentration and daily-needs amenities support durable leasing prospects even as neighborhood occupancy trends run softer, according to WDSuite’s CRE market data.
Located in Orlando’s inner suburbs of Orange County, the property benefits from strong daily convenience: grocery access ranks near the top of the metro (2 of 465 neighborhoods) and sits in the 98th percentile nationally, with restaurants, cafes, and pharmacies also in the top quartile nationally. This density of essentials typically supports resident retention and steady touring traffic.
The asset’s 2007 construction is newer than the neighborhood’s average vintage of 1974. For investors, that generally means stronger competitive positioning versus older stock, with potential to command interest through lighter modernization rather than heavy system overhauls—though planning for mid-life capital items remains prudent.
Unit tenure in the neighborhood skews heavily renter-occupied (about seven in ten housing units), placing it among the highest renter concentrations in the metro (rank 18 of 465; 97th percentile nationally). For multifamily, that depth of renter households points to a broad tenant base and supports demand stability through cycles.
Neighborhood occupancy is below metro norms (rank 418 of 465; 15th percentile nationally). Investors should underwrite conservative lease-up and renewal assumptions, while recognizing that high renter concentration and amenity access can help offset softness with targeted operations. Within a 3-mile radius, recent population dipped but WDSuite data indicates a forward rebound by 2028 alongside a sizeable increase in households and a smaller average household size—dynamics that can expand the renter pool and sustain demand for apartments.
Home values in the neighborhood are lower relative to national peers (14th percentile), which can introduce some competition from ownership alternatives. However, elevated renter share and median contract rents trending higher than five years ago suggest rental housing remains a primary option for many households, with lease management focused on affordability and retention. School ratings measure at the lower end locally, and park and childcare access are limited, so community and on-site amenity strategies may play an outsized role.
Safety trends are mixed when viewed against broader benchmarks. The neighborhood ranks 212 out of 465 metro neighborhoods for crime, indicating below-metro-average safety, and it sits in the lower national percentiles overall. That said, WDSuite’s data shows year-over-year declines in both violent and property offenses in the area, with violent incidents improving at a pace that is competitive among Orlando neighborhoods.
For underwriting, this profile argues for prudent security measures and resident experience investments while acknowledging the recent directional improvements that can support leasing and retention over time.
Nearby corporate offices provide a diverse employment base that supports renter demand and commute convenience for residents, including Ryder, Prudential, Darden Restaurants, and Symantec.
- Ryder — logistics (1.8 miles)
- Prudential — financial services (2.2 miles)
- Darden Restaurants — restaurant HQ (4.8 miles) — HQ
- Symantec — cybersecurity offices (20.3 miles)
This 23-unit Orlando asset offers a newer-than-area vintage (2007) in a neighborhood with a deep renter base and strong daily-needs amenity density. While neighborhood occupancy trends are weaker than metro norms, nearby groceries, restaurants, and pharmacies—ranked among the metro’s best—can help sustain traffic and renewals. Within a 3-mile radius, WDSuite indicates households are projected to grow meaningfully with smaller average household sizes by 2028, supporting a larger renter pool and potential for lease-up resilience.
According to commercial real estate analysis from WDSuite, median contract rents and household incomes have risen over the past five years, with forward gains expected. Investors should balance this demand backdrop with affordability and safety considerations, underwriting for measured rent growth, focused retention, and selective value-add to maintain competitiveness as systems approach mid-life.
- Newer 2007 vintage versus area average, enabling competitive positioning with targeted upgrades
- High renter concentration and strong daily-needs amenities support demand depth and tenant retention
- 3-mile forecasts show household growth and smaller household sizes, expanding the renter pool
- Pricing power potential tied to rising incomes and rent trajectories, balanced by active lease management
- Risks: below-average safety and softer neighborhood occupancy; emphasize security, affordability, and prudent underwriting