| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 56th | Good |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7528 Park Promenade Dr, Winter Park, FL, 32792, US |
| Region / Metro | Winter Park |
| Year of Construction | 1987 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7528 Park Promenade Dr Winter Park Multifamily Investment
Renter-occupied housing is a meaningful share of the neighborhood, supporting a deeper tenant base and steady leasing, according to WDSuite’s CRE market data. Elevated ownership costs relative to incomes further sustain demand for professionally managed rentals in this inner-suburban location.
The property sits in an inner-suburban pocket of Winter Park with a renter concentration that ranks in the top quartile among 465 Orlando metro neighborhoods. For multifamily investors, that renter-occupied share indicates a broader pool of prospective tenants and supports ongoing leasing activity.
Within a 3-mile radius, population has expanded in recent years and households have also risen, pointing to a larger tenant base. Forecasts in the same radius call for further population growth and a notable increase in household counts alongside smaller average household sizes, which typically supports demand for smaller rental units and can help stabilize occupancy through cycles.
Neighborhood operating context is mixed. Dining availability stacks up well versus national norms, but the immediate neighborhood shows fewer day-to-day services like groceries and parks, so residents often rely on nearby corridors for errands. Median rents in the neighborhood align with incomes, with a rent-to-income ratio around 20%, which can aid retention and reduce turnover risk from affordability pressure.
Home values and the value-to-income ratio sit above national medians here, signaling a higher-cost ownership market. For apartments, that dynamic typically sustains rental demand and can support pricing power, provided operators focus on service quality and competitive unit finishes.
Safety indicators track below national medians and position the area in the lower half of Orlando neighborhoods on crime. Recent trend data show fewer violent incidents year over year alongside higher property-related offenses. Investors may wish to underwrite for prudent security, lighting, and insurance, while monitoring local patterns over time.
From a leasing perspective, comparative safety can influence absorption and renewals at the margin. Clear community standards, access controls, and resident engagement can help mitigate risk and support satisfaction.
Nearby corporate employers span logistics, insurance, cybersecurity, restaurant corporate services, and industrial gases—providing commuter convenience and supporting workforce renter demand.
- Ryder — logistics (11.9 miles)
- Prudential — insurance (12.1 miles)
- Symantec — cybersecurity (13.5 miles)
- Darden Restaurants — restaurant group (14.7 miles) — HQ
- Airgas Specialty Products — industrial gases (31.8 miles)
Built in 1987, the asset is slightly older than the neighborhood average, suggesting clear value-add potential through unit renovations and selective capital planning on aging systems. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share is comparatively high while rent burdens sit near sustainable levels, supporting depth in the tenant base and aiding retention.
Ownership costs in the area are elevated relative to incomes, which typically sustains reliance on rental housing. Within a 3-mile radius, recent and forecast population and household growth—paired with smaller household sizes—point to ongoing multifamily demand, though local occupancy has trailed broader benchmarks, warranting active leasing and management focus.
- High renter concentration supports a deeper tenant pool and ongoing leasing.
- 1987 vintage offers value-add and modernization upside through targeted renovations.
- Elevated ownership costs reinforce rental demand and can support pricing power.
- 3-mile radius growth and smaller household sizes point to sustained multifamily demand.
- Risk: Below-median neighborhood occupancy and safety metrics call for hands-on leasing and security strategies.