| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 50th | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 825 Wymore Rd, Altamonte Springs, FL, 32714, US |
| Region / Metro | Altamonte Springs |
| Year of Construction | 1972 |
| Units | 68 |
| Transaction Date | 2021-06-25 |
| Transaction Price | $39,861,688 |
| Buyer | PRESERVE AT SPRING LAKE APARTMENTS LLC |
| Seller | ALTAMONTE BANDERA LLC |
825 Wymore Rd Altamonte Springs Multifamily Value-Add
Inner-suburban location with a high renter concentration underpins steady tenant demand; according to WDSuite’s CRE market data, neighborhood occupancy trails the metro median, suggesting upside for operational improvements.
Altamonte Springs’ Inner Suburb setting supports everyday convenience and leasing velocity. Restaurant density ranks competitive among 465 Orlando–Kissimmee–Sanford neighborhoods and is in the top decile nationally, while pharmacy access sits in the top percentile nationwide—signals of mature retail that helps drive foot traffic and renter stickiness. Amenity breadth is above the metro median (ranked 211 out of 465), though park and café counts are thinner, so on-site and nearby private amenities may matter more for resident experience.
For multifamily demand, the neighborhood shows a high share of renter-occupied housing (58.7%; rank 47 of 465, top decile nationally), indicating depth in the tenant base. Neighborhood occupancy is 87.5% and has improved over recent years; however, it sits below the metro median (national percentile ~36), pointing to operational and asset-level opportunities for stabilization rather than structural weakness.
Within a 3-mile radius, WDSuite’s demographic data shows population growth over the last five years and a notable increase in households, with projections calling for continued household gains over the next five years. A growing household count alongside slightly smaller average household sizes expands the renter pool and can support occupancy stability and lease-up velocity.
Ownership costs provide additional context. Median home values are elevated for local incomes (value-to-income ratio sits in the top decile nationally), which tends to sustain reliance on rental housing and can support pricing power. At the same time, rent-to-income levels are high in national comparison, suggesting affordability pressure that calls for careful lease management and renewal strategies. School ratings in this neighborhood trail national norms, which may shape unit mix and marketing toward workforce and young-adult renters rather than family-focused positioning.
Vintage also differentiates the asset base. The average neighborhood construction year skews to the mid-1980s, while this property was built in 1972—older than nearby stock—creating clear value-add potential through interior upgrades, systems modernization, and exterior enhancements to sharpen competitive positioning against newer comparables.
Comparable crime data for this neighborhood is not available in WDSuite’s current release. Investors typically benchmark safety using city or metro reports and trend lines rather than block-level anecdotes, then underwrite security features, lighting, and resident policies appropriate for the submarket context.
The surrounding Orlando employment base features corporate offices that support commuter convenience and renter demand, including Symantec, Prudential, Ryder, Darden Restaurants, and Airgas Specialty Products.
- Symantec — software/security (9.1 miles)
- Prudential — financial services (11.6 miles)
- Ryder — logistics & transportation (13.0 miles)
- Darden Restaurants — restaurant group (15.9 miles) — HQ
- Airgas Specialty Products — industrial gases (32.0 miles)
This 68-unit, 1972-vintage property in Altamonte Springs offers a value-add path in an Inner Suburb with strong renter concentration and mature retail adjacency. Neighborhood occupancy has trended upward but remains below the metro median, indicating room to capture stabilization through renovations and tighter operations. Elevated home values relative to incomes support durable rental demand, while a growing 3-mile household base points to a larger tenant pool over the medium term.
According to CRE market data from WDSuite, neighborhood rents sit above national norms and restaurants/pharmacies are dense by national comparison—useful for retention. Affordability pressure, softer school ratings, and below-metro occupancy are underwriting considerations, but they also frame a clear plan: targeted interior upgrades, curb appeal, and disciplined leasing can enhance competitive standing against newer 1980s-era stock.
- High renter-occupied share signals depth of demand and supports leasing velocity.
- 1972 vintage creates value-add potential versus 1980s neighborhood stock.
- Household growth within 3 miles expands the tenant base and supports occupancy stability.
- Dense restaurants and pharmacies nearby aid retention and daily convenience.
- Risks: below-metro occupancy, affordability pressure, and softer school ratings require disciplined leasing and expense control.