| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 67th | Best |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 594 Coral Glen Loop, Altamonte Springs, FL, 32714, US |
| Region / Metro | Altamonte Springs |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | 1991-04-01 |
| Transaction Price | $8,000,000 |
| Buyer | UNITED DOMINION REALTY TR INC |
| Seller | --- |
594 Coral Glen Loop Altamonte Springs Multifamily Investment
High renter concentration in the surrounding neighborhood supports a deep tenant base and durable leasing, according to WDSuite’s CRE market data.
Located in Altamonte Springs within the Orlando–Kissimmee–Sanford metro, the neighborhood carries a B rating and ranks 204 of 465 metro neighborhoods, placing it above the metro median. Investor takeaway: renter-occupied housing is prevalent locally, indicating depth in the tenant pool and support for multifamily demand.
Daily-needs access is a relative strength: grocery availability sits in the top quartile nationally (96th percentile), and restaurants are similarly strong (88th percentile). However, cafes, parks, and pharmacies are limited within the immediate neighborhood footprint, suggesting residents rely on nearby corridors for those amenities.
The average construction year in the neighborhood is 1997, while the subject property was built in 1986. This older vintage points to potential value-add through targeted renovations and system updates to stay competitive against newer stock, with corresponding capital planning considerations for investors.
Tenure and demand dynamics favor multifamily: neighborhood data indicate a high share of renter-occupied units, which supports leasing velocity and a broad prospect base. Within a 3‑mile radius, population grew in recent years and households expanded at a faster pace, with projections showing further household growth alongside slightly smaller household sizes. This pattern typically points to a larger renter pool and supports occupancy stability over time.
Affordability context is balanced: the neighborhood’s median contract rents have risen from prior years and are projected to continue increasing, which can aid revenue growth when managed carefully. Median home values in the area are comparatively modest versus many national markets, which can create some competition from ownership options; operators should emphasize convenience, amenities, and unit quality to sustain retention and pricing power.
Comparable crime benchmarking for this specific neighborhood was not available in the provided WDSuite dataset. Investors should evaluate recent local trends, property-level security measures, and municipal resources as part of due diligence, and compare against broader Orlando–Kissimmee–Sanford context to set appropriate operating assumptions.
Nearby corporate offices support commuter convenience and help sustain renter demand for workforce and professional households, including Symantec, Prudential, Ryder, Darden Restaurants, and Airgas Specialty Products.
- Symantec — software & cybersecurity offices (9.5 miles)
- Prudential — financial services offices (11.5 miles)
- Ryder — logistics & transportation offices (13.2 miles)
- Darden Restaurants — corporate offices (16.0 miles) — HQ
- Airgas Specialty Products — industrial gases offices (31.6 miles)
This 24‑unit 1986 multifamily offers exposure to an inner‑suburban Altamonte Springs location with strong renter concentration and solid daily‑needs access. According to CRE market data from WDSuite, neighborhood grocery and restaurant access ranks in the top quartile nationally, reinforcing convenience that supports leasing and retention. The property’s older vintage relative to nearby stock (average 1997) creates clear value‑add pathways via interior upgrades and system modernization to compete with newer assets.
Within a 3‑mile radius, recent growth in population and an even faster rise in households point to a larger tenant base, with forecasts indicating continued household expansion and slightly smaller household sizes—both supportive of multifamily demand. Rent levels have risen and are projected to continue trending upward, suggesting potential revenue upside when paired with disciplined lease management. Key considerations include softer neighborhood occupancy compared with stronger submarkets and the presence of comparatively accessible ownership alternatives, which call for active asset management and differentiated positioning.
- Inner‑suburban location with strong renter concentration supports tenant demand
- Daily‑needs convenience: top‑quartile grocery and restaurant access aids retention
- 1986 vintage provides value‑add and modernization potential versus newer nearby stock
- Expanding households within 3 miles indicate a growing renter pool
- Risks: softer neighborhood occupancy and competition from ownership options