| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 54th | Good |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 700 N Denning Dr, Winter Park, FL, 32789, US |
| Region / Metro | Winter Park |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | 2022-09-12 |
| Transaction Price | $2,039,000 |
| Buyer | INDEPENDENT HOUSING PARTNERS LP |
| Seller | HOUSING RESOURCE DEVELOPMENT CORPORATION |
700 N Denning Dr Winter Park Multifamily Investment
Neighborhood fundamentals point to durable renter demand supported by a high-cost ownership market and dense amenities, according to WDSuite’s CRE market data. Investors should expect steady interest from a broad tenant base given the area’s strong positioning within the Orlando metro.
Located in Winter Park’s inner-suburban fabric, the neighborhood ranks in the top quartile among 465 Orlando metro neighborhoods, reflecting strong overall livability that helps underpin leasing interest. Restaurant, cafe, grocery, park, and pharmacy access are among the area’s standout features, supporting day-to-day convenience and helping properties compete for renewals.
The property’s 1985 vintage is slightly newer than the neighborhood’s average construction year, offering relative competitiveness versus older stock; targeted modernization and systems upgrades can further enhance positioning for today’s renters. Neighborhood occupancy is referenced at the neighborhood level rather than the property itself, and has trended upward in recent years, supporting stability for well-managed assets.
Within a 3-mile radius, population and household counts have grown and are projected to continue increasing, expanding the local renter pool. Household sizes are gradually declining in forecasts, which can sustain demand for smaller formats and efficient units, while a meaningful presence of higher-income households broadens the prospect base for professionally managed rental communities.
Home values in the neighborhood are elevated relative to many U.S. areas, which tends to reinforce reliance on multifamily housing and supports pricing power for well-amenitized assets. The share of renter-occupied housing units is above national norms, indicating a deeper tenant base and demand resilience, particularly for workforce and professional renters seeking proximity to Winter Park and Orlando job centers.
National safety percentiles indicate the neighborhood performs above the U.S. median, with violent and property offense measures comparing favorably to many neighborhoods nationwide. Recent data also show a year-over-year decline in estimated property offenses, suggesting improving conditions. These figures are neighborhood-level indicators and should be paired with on-the-ground underwriting and management practices.
Nearby corporate offices help anchor the employment base and support renter retention through commute convenience, notably in financial services, logistics, cybersecurity, restaurant corporate operations, and industrial gases—each reflected below.
- Prudential — financial services (9.5 miles)
- Ryder — logistics & transportation (10.4 miles)
- Symantec — cybersecurity (12.0 miles)
- Darden Restaurants — restaurant group corporate offices (13.3 miles) — HQ
- Airgas Specialty Products — industrial gases (30.0 miles)
700 N Denning Dr sits in a top-quartile Winter Park neighborhood with dense amenities and a renter base supported by a high-cost ownership landscape. According to CRE market data from WDSuite, neighborhood-level occupancy has improved over recent years while renter concentration remains elevated, pointing to stable demand for well-managed multifamily assets.
Built in 1985, the 24-unit asset offers a modest age advantage versus the area’s older average stock, with potential to capture value through targeted renovations and operating efficiencies. Continued population and household growth within a 3-mile radius should expand the tenant base and support occupancy stability, while proximity to Orlando employment nodes provides additional leasing depth. Key risks include affordability pressures for some cohorts and the need for disciplined lease management if metro conditions soften.
- Top-quartile neighborhood in the Orlando metro with strong amenity access supporting retention
- Renter-occupied housing share above national norms, reinforcing depth of the tenant base
- 1985 vintage provides relative competitiveness with value-add and modernization upside
- 3-mile population and household growth broadens demand and supports occupancy stability
- Risks: affordability pressure in parts of the renter pool and potential volatility if metro demand cools