| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 91st | Best |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5353 Shea St, Orlando, FL, 32814, US |
| Region / Metro | Orlando |
| Year of Construction | 2008 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5353 Shea St Orlando Multifamily Investment Opportunity
Stabilized renter demand and high-income neighborhood dynamics point to steady leasing fundamentals, according to WDSuite's CRE market data.
Neighborhood dynamics and livability
The property sits in an Urban Core neighborhood rated A and ranked 66 out of 465 metro neighborhoods, placing it in the top quartile locally for overall performance. Neighborhood occupancy is strong at 95.7% (neighborhood measure), supporting expectations for steady rent rolls and fewer downtime risks. Median rents in the neighborhood track in the high tier for the metro, and a rent-to-income level around 0.19 suggests manageable affordability pressure that can aid retention.
Within a 3-mile radius, population grew roughly 9% over the last five years and households rose nearly 9%, expanding the tenant base. Projections indicate continued population growth and a notable 41% increase in households by 2028, which would deepen the renter pool and support occupancy stability. This growth, combined with higher-than-average incomes in the radius, reinforces demand for quality multifamily product.
Local amenity density skews toward open space: the neighborhood’s park access ranks 27 of 465 (top quartile nationally), while retail and dining are less concentrated inside the immediate area, indicating residents may rely on nearby districts for cafes, groceries, and restaurants. Elevated neighborhood home values (95th percentile nationally) and a high value-to-income ratio indicate a high-cost ownership market, which typically sustains reliance on multifamily housing and can support pricing power for well-managed assets.
Construction vintage in the area trends relatively new (average 2006; 92nd percentile nationally). Built in 2008, the subject’s vintage is competitive versus older stock while still warranting periodic system updates and modernization to maintain positioning. Neighborhood NOI per-unit trends sit in the 81st percentile nationally, signaling solid income performance context for similar assets, based on commercial real estate analysis from WDSuite.
Safety context
Relative to the Orlando-Kissimmee-Sanford metro, the neighborhood’s overall crime rank is 90 out of 465, indicating above-metro-average safety conditions. Nationally, safety indicators are in the mid-to-higher range (around the mid-50s percentiles), suggesting comparative strength versus many U.S. neighborhoods.
Recent trends are mixed: estimated violent offense rates improved year over year (among the stronger improvements metro- and nationwide), while property-related incidents trended modestly higher. For investors, this points to generally stable conditions with typical urban monitoring needs rather than a structural risk shift.
Nearby employers supporting renter demand
Commuting access to nearby corporate offices provides a diversified employment base that supports lease-up and retention across logistics, financial services, restaurant headquarters, and enterprise software.
- Ryder — logistics (9.4 miles)
- Prudential — financial services (9.5 miles)
- Darden Restaurants — restaurant group (12.2 miles) — HQ
- Symantec — enterprise software (14.6 miles)
Investment thesis
5353 Shea St offers exposure to an A-rated Urban Core neighborhood with high-income demographics and strong neighborhood occupancy (95.7% at the neighborhood level). Elevated ownership costs (95th percentile home values) and a renter-occupied share of housing units near two-thirds (67.1% neighborhood measure) indicate a deep tenant base and durable demand for multifamily. Built in 2008, the asset should remain competitive versus older stock, while prudent capital planning for systems and selective modernization can sustain positioning.
Within a 3-mile radius, recent population and household growth expand the renter pool, with projections calling for continued population gains and a substantial increase in households by 2028. Combined with a neighborhood rent-to-income profile around 0.19, these factors support occupancy stability and measured pricing power, according to CRE market data from WDSuite. Neighborhood income performance context is favorable as well, with NOI per unit trending in higher national percentiles for comparable assets.
- High renter concentration and strong neighborhood occupancy underpin demand depth
- 2008 vintage provides competitive positioning with room for targeted upgrades
- High-cost ownership market supports renter reliance and pricing power
- 3-mile population and household growth bolster long-term leasing fundamentals
- Risk: limited immediate retail density and recent property-crime upticks warrant ongoing monitoring