| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 52nd | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6500 Vineland Rd, Orlando, FL, 32819, US |
| Region / Metro | Orlando |
| Year of Construction | 2010 |
| Units | 24 |
| Transaction Date | 2013-05-15 |
| Transaction Price | $48,260,000 |
| Buyer | TMP UNIVERSAL PROJECT LLC |
| Seller | KEYSTONE ORLANDO LLC |
6500 Vineland Rd Orlando Multifamily Investment Opportunity
Renter demand is supported by a high neighborhood renter-occupied share and a high-cost ownership landscape, according to WDSuite’s CRE market data. Positioning emphasizes steady tenant depth rather than premium rent push.
Located in Orlando’s Inner Suburb fabric, the property benefits from a dense amenity base. The neighborhood ranks 44 out of 465 metro neighborhoods for overall amenities, placing it in the top quartile locally, with particularly strong restaurant, café, grocery, and pharmacy accessibility. This mix tends to bolster day-to-day convenience and leasing appeal for workforce and professional renters.
The 2010 vintage is newer than the neighborhood’s average construction year (1997), which can provide competitive positioning versus older stock. Investors may still plan for targeted systems refresh and common-area upgrades to keep the asset current against newer deliveries while leveraging its relative age advantage.
Tenure patterns indicate a high share of renter-occupied housing at the neighborhood level (ranked in the upper tier across the metro), signaling depth in the local tenant base and potential demand resilience for multifamily. Median contract rents have risen over the past five years, while elevated ownership costs (high value-to-income ratios) suggest households often rely on rental options, supporting occupancy even as pricing power should be managed carefully.
Demographic statistics aggregated within a 3-mile radius point to population growth and a projected increase in households through 2028, which can expand the renter pool and support leasing velocity. With incomes rising and household sizes moderating over time, demand skews toward professionally managed, well-located rentals that balance convenience with attainable rents, based on commercial real estate analysis from WDSuite.
Safety indicators are mixed in a broader context. The neighborhood’s crime rank is 259 out of 465 metro neighborhoods, which is below the metro median and sits in the lower national percentiles for safety. However, recent data show property offenses trending down year over year, an improvement that investors can monitor alongside local management practices and on-site security measures.
Nearby corporate offices provide a diversified white-collar employment base that supports renter demand and commute convenience for residents, including Prudential, Ryder, Darden Restaurants, Airgas Specialty Products, and Symantec.
- Prudential — corporate offices (1.8 miles)
- Ryder — corporate offices (3.9 miles)
- Darden Restaurants — corporate HQ & offices (5.2 miles) — HQ
- Airgas Specialty Products — corporate offices (19.6 miles)
- Symantec — corporate offices (21.4 miles)
This 24-unit asset at 6500 Vineland Rd is positioned in a renter-heavy Orlando neighborhood where high ownership costs reinforce reliance on multifamily housing. According to CRE market data from WDSuite, amenity access scores in the top quartile locally, and median rents have advanced alongside rising household incomes, supporting ongoing demand while calling for prudent lease management. The property’s 2010 construction is newer than the neighborhood average, offering competitive appeal versus older stock and a platform for light value-add through modernization of interiors and shared spaces.
Forward-looking fundamentals are constructive: within a 3-mile radius, population and household counts are projected to increase, expanding the tenant base and supporting occupancy. Key risks include affordability pressure (rent-to-income considerations) and neighborhood safety metrics that trail stronger Orlando submarkets; both can be mitigated by measured rent strategies, resident services, and asset-level security and upkeep.
- Renter-heavy neighborhood and high-cost ownership market support demand depth
- 2010 vintage competes well versus older stock; scope for targeted modernization
- Strong local amenities aid leasing velocity and resident retention
- 3-mile population and household growth expand the prospective renter pool
- Risks: affordability pressure and below-median safety metrics require careful lease and property management