| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 64th | Good |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 245 Loraine Dr, Altamonte Spg, FL, 32714, US |
| Region / Metro | Altamonte Spg |
| Year of Construction | 1973 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
245 Loraine Dr Altamonte Springs Multifamily Investment
Neighborhood fundamentals indicate steady renter demand and occupancy stability in the surrounding area, according to WDSuite’s CRE market data. Positioning benefits include an inner-suburban location with durable amenities and a renter base supportive of mid-market multifamily operations.
Located in an inner-suburban pocket of the Orlando-Kissimmee-Sanford metro, the surrounding neighborhood rates highly (A) and is competitive among Orlando neighborhoods, ranking 35 out of 465. Amenity access is a local strength: restaurants and parks index in the top quartile nationally, and grocery and pharmacy density are solid, supporting day-to-day convenience that helps with leasing and retention.
For investors evaluating income durability, neighborhood occupancy trends are favorable. The area’s occupancy is above metro median and sits in the upper national quartiles, signaling stable rent rolls rather than lease-up risk, based on CRE market data from WDSuite. Renter concentration is roughly half of housing units being renter-occupied, indicating a sizable tenant base without overreliance on rentals, which can support demand depth for a 100+ unit asset.
Within a 3-mile radius, demographics show population growth over the past five years alongside double-digit household growth, pointing to a larger tenant base and support for occupancy. Median incomes have risen, while rent levels remain positioned for mainstream renters, contributing to manageable rent-to-income dynamics that can aid lease retention and reduce turnover volatility.
The property’s vintage is 1973, older than the neighborhood’s average construction year (ranked above metro median recency). That age profile suggests planned capital expenditure and value-add potential through modernization of interiors and building systems, which can enhance competitiveness against 1980s-and-newer stock while maintaining mid-market pricing power.
Neighborhood-level crime benchmarking is not available for this specific area in the current WDSuite dataset. Investors typically assess safety by comparing submarket trends to Orlando-Kissimmee-Sanford metro peers and by reviewing recent police blotter or third-party indices during diligence. Standard measures—lighting, access control, and visibility—can support resident satisfaction and retention regardless of broader trends.
The employment base nearby mixes technology, financial services, logistics, and corporate services, supporting a diversified renter pool and commute-friendly housing demand. Notable employers include Symantec, Prudential, Ryder, Darden Restaurants, and Waste Management.
- Symantec — software & cybersecurity offices (7.8 miles)
- Prudential — financial services offices (12.95 miles)
- Ryder — logistics & transportation offices (14.41 miles)
- Darden Restaurants — corporate offices (17.33 miles) — HQ
- Waste Management — environmental services offices (32.82 miles)
This 108-unit asset at 245 Loraine Dr benefits from a strong inner-suburban setting where neighborhood occupancy trends are above the metro median and in higher national quartiles, supporting cash flow stability through cycles. Amenity density (dining, parks, daily needs) and a renter share near half of housing units indicate a broad tenant base with steady leasing velocity. According to CRE market data from WDSuite, neighborhood positioning and demand drivers align with mid-market multifamily operations rather than speculative lease-up risk.
Built in 1973, the asset skews older than nearby stock, creating a clear value-add path via unit renovations and system upgrades to compete against 1980s-and-newer comparables. Within a 3-mile radius, recent population gains and faster household growth expand the renter pool, while mainstream rent levels relative to incomes can aid retention and reduce concessions risk. Key watch items include ongoing capital planning for an older asset and potential competition from ownership options in a relatively accessible home-value market.
- Above-metro occupancy in a high-scoring neighborhood supports income stability
- Inner-suburban location with strong amenity access aids leasing and retention
- 1973 vintage offers renovation and repositioning upside versus newer comps
- 3-mile population and household growth expand the tenant base for a 100+ unit asset
- Risks: capex needs for older systems and some competition from ownership alternatives