| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 53rd | Good |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 512 Camino Ct, Altamonte Springs, FL, 32701, US |
| Region / Metro | Altamonte Springs |
| Year of Construction | 1981 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
512 Camino Ct, Altamonte Springs Multifamily Investment
Neighborhood occupancy is steady and renter demand is supported by growing households within a 3-mile radius, according to WDSuite’s CRE market data. Positioning leans toward durable cash flow with room to optimize through targeted renovations and operations.
Altamonte Springs’ inner-suburb location offers daily convenience and broad renter appeal. Neighborhood amenities are competitive among Orlando-Kissimmee-Sanford neighborhoods (77th of 465), with strong national standing for grocery access (high percentile) and pharmacies and parks also ranking well. Restaurant density trends above national midpoints, while cafe options are thinner, which suggests everyday needs are well covered even if lifestyle variety is more limited.
Rent levels in the neighborhood benchmark in the mid range nationally and have trended upward over the last cycle, while occupancy for the neighborhood remains solid. The renter-occupied share is 38.3% of housing units, indicating a moderate renter concentration that supports depth of the tenant base without overreliance on transient demand. School ratings are below national midpoints, a consideration for family-oriented leasing strategies and renewal risk.
Within a 3-mile radius, population and household counts have increased, expanding the potential renter pool. Projections point to additional household growth and a gradual shift toward smaller household sizes, which typically supports demand for multifamily units and helps stabilize occupancy during lease-up and renewals.
Home values track above national averages and value-to-income ratios are elevated, signaling a high-cost ownership market that tends to sustain reliance on rental housing. For investors, that context can bolster pricing power and lease retention, provided rent-to-income levels are managed to mitigate affordability pressure.
Comparable, property-specific crime statistics are not available in the provided dataset, and neighborhood crime ranks were not reported. Investors should evaluate multi-year trends at the neighborhood and city level and compare them with regional averages to contextualize security measures, insurance assumptions, and operating protocols.
Practical underwriting steps include reviewing recent police reports and city dashboards, assessing lighting and access control, and benchmarking incident rates to nearby inner-suburb areas to gauge whether the location tracks above or below broader metro trends.
The area draws on a diversified white-collar employment base that supports renter demand through commute convenience, including software/security, financial services, logistics, restaurant corporate, and industrial gases offices listed below.
- Symantec — software/security (8.5 miles)
- Prudential — financial services (12.6 miles)
- Ryder — logistics (13.7 miles)
- Darden Restaurants — restaurant corporate (16.6 miles) — HQ
- Airgas Specialty Products — industrial gases (33.1 miles)
This 44-unit property, built in 1981, sits in an inner-suburban pocket where neighborhood occupancy and a moderate renter concentration support stable leasing. The vintage is slightly newer than the area’s average construction year, creating a practical platform for value-add upgrades that can enhance competitiveness versus older local stock while planning for aging systems. According to CRE market data from WDSuite, neighborhood rent levels and occupancy track near national midpoints, with household growth in the 3-mile radius expanding the tenant base and supporting renewal performance.
Elevated home values and value-to-income ratios indicate a high-cost ownership market, which typically reinforces sustained rental demand. Forward-looking 3-mile projections show additional population and household increases and smaller household sizes, all of which point to a larger and more active renter pool. Key considerations include school quality below national averages and select amenity gaps (e.g., cafes), which should be offset by targeted positioning, refreshed finishes, and service-forward operations to drive absorption and retention.
- Inner-suburb fundamentals with steady neighborhood occupancy and moderate renter concentration
- 1981 vintage offers value-add and modernization upside versus older local stock
- High-cost ownership context supports durable multifamily demand and pricing power
- 3-mile population and household growth expand the tenant base and support renewals
- Risks: below-average school ratings and limited cafe density require careful positioning