| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Poor |
| Demographics | 51st | Fair |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 710 N John Young Pkwy, Orlando, FL, 32808, US |
| Region / Metro | Orlando |
| Year of Construction | 1972 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | $1,005,200 |
| Buyer | GRAND AVENUE ECONIMIC COMMUNITY DEV |
| Seller | HEINTZELMAN R N |
710 N John Young Pkwy Orlando Value-Add Multifamily
Investor focus: a majority renter-occupied neighborhood and improving occupancy trends point to a durable tenant base, according to WDSuite’s CRE market data. Neighborhood-level metrics suggest steady renter demand with room for operational upside.
This Inner Suburb pocket of Orlando (neighborhood rating: B+) shows investor-friendly fundamentals at the neighborhood level: renter-occupied housing makes up a majority of units, indicating a deeper tenant pool for multifamily. Neighborhood occupancy has improved over the past five years, though it remains below the metro leaders, suggesting potential to capture demand with effective leasing and management, based on CRE market data from WDSuite.
Livability drivers are solid. Parks density is competitive among Orlando neighborhoods (rank 19 of 465; top quartile nationally), and access to daily needs is strong with grocery, cafe, and restaurant densities well above national medians. The neighborhood’s average school rating is also competitive locally (rank 15 of 465; about top quartile nationally), which can support longer resident tenure across family households. One practical note: pharmacy presence is limited within the neighborhood, which may influence resident convenience expectations.
Within a 3-mile radius, demographics point to near-term stability and a larger tenant base over the medium term. While the recent period saw flat-to-down population trends and slightly smaller household sizes, households still increased modestly. Forward projections call for notable population and household growth by 2028, which would expand the renter pool and support occupancy stability. Median contract rents in the 3-mile area have risen over the last five years and are projected to continue increasing, reinforcing potential revenue growth if assets are competitively positioned.
Ownership context is constructive for rentals. Neighborhood home values sit below national medians, but the value-to-income profile ranks above many U.S. neighborhoods, indicating a relatively high-cost ownership market for local incomes. At the same time, neighborhood rent-to-income levels are low versus national peers, suggesting manageable affordability pressure for renters—supportive of retention and measured pricing power when paired with quality and service.
Safety indicators require balanced consideration. At the metro level, the neighborhood’s crime rank places it below the Orlando median (296 of 465), and national percentiles indicate higher-than-average reported crime compared with many U.S. neighborhoods. However, recent WDSuite data show year-over-year declines in both property and violent offense rates in the area. For underwriting, investors often account for these contrasting signals by emphasizing on-site security practices, lighting, and resident screening while monitoring ongoing trend improvement.
- Prudential — financial services offices (4.7 miles)
- Ryder — logistics & transportation offices (6.2 miles)
- Darden Restaurants — corporate offices (9.0 miles) — HQ
- Symantec — software & cybersecurity offices (16.1 miles)
- Airgas Specialty Products — industrial gases offices (25.2 miles)
Built in 1972, the asset offers a classic value-add profile: competitive location fundamentals, a majority-renter neighborhood, and improving occupancy at the neighborhood level, with potential to enhance positioning through targeted renovations and operational execution. Compared with many U.S. neighborhoods, local rent-to-income levels appear favorable for retention, and within 3 miles, projections point to population and household growth that can expand the tenant base.
Amenities and schools score competitively versus the Orlando metro, and nearby corporate employment nodes provide a steady commuter renter pool. According to CRE market data from WDSuite, recent rent trends and forecast growth support a revenue-capture opportunity for well-managed assets, while the vintage suggests thoughtful capital planning to modernize interiors, systems, and curb appeal for stronger leasing performance.
- Majority renter-occupied neighborhood supports deep tenant demand and leasing velocity.
- Competitive parks, daily-needs access, and school ratings aid resident retention.
- 3-mile projections indicate population and household growth, expanding the renter pool.
- 1972 vintage provides value-add upside through unit and system upgrades.
- Risk: Neighborhood safety ranks below metro median; underwriting should reflect security and operational mitigants.