| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 54th | Good |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10 Forest Lake Blvd, Daytona Beach, FL, 32119, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | 2017-10-11 |
| Transaction Price | $92,000 |
| Buyer | CONNELL DORIS A O |
| Seller | SOROKA DORICE MARIE |
10 Forest Lake Blvd, Daytona Beach Multifamily Investment
Inner-suburban submarket with resilient renter demand and occupancy running above the metro median, according to CRE market data from WDSuite’s platform.
This inner-suburban location in Daytona Beach offers everyday conveniences with stronger access to essentials than to leisure amenities. Grocery availability ranks competitively among 159 metro neighborhoods, while childcare density is also strong; by contrast, cafes, restaurants, and parks are limited locally. For investors, this mix supports day-to-day livability and workforce housing appeal, though entertainment-oriented walkability is modest.
Neighborhood occupancy is above the metro median (ranked 69 out of 159), placing it solidly mid-pack nationally. Median contract rents in the neighborhood sit in the mid-to-upper range nationally, and the rent-to-income profile trends more manageable than many areas, which can support retention and steady collections.
The neighborhood shows a high share of renter-occupied housing (ranked 11 of 159; top decile nationally), indicating a deep tenant base for multifamily. Median home values are higher relative to local incomes than in many U.S. neighborhoods, which can sustain reliance on rental options and support occupancy stability without requiring premium pricing power.
Within a 3-mile radius, demographics indicate recent population growth with households also increasing, and forecasts point to further gains by 2028. A shifting age mix toward young adults and working-age residents alongside smaller average household sizes suggests ongoing demand for smaller-format units and supports leasing fundamentals for compact floorplans.
Property vintage in this area trends late-1980s on average. With a 1985 construction year, this asset is slightly older than neighborhood norms, which points to potential value-add through interior updates and systems modernization; capital planning should account for lifecycle items typical of mid-1980s construction.
Comparable metro safety rankings and national percentiles are not available for this neighborhood in WDSuite’s dataset, so investors should supplement with local law enforcement reports and recent trend reviews. Use submarket and city-level context, visit times-of-day, and property-level security measures when underwriting.
Regional employers provide diversified job access that supports renter demand; nearby roles include technology and software security.
- Symantec — software security (32.8 miles)
10 Forest Lake Blvd is a 24-unit 1985-vintage asset with smaller average floorplans that align with workforce renters and single-occupant demand. The neighborhood’s renter concentration is among the highest locally and occupancy ranks above the metro median, supporting a stable tenant base and potential for steady leasing. Ownership costs relative to incomes trend elevated versus national norms, which can reinforce reliance on multifamily, while rent burdens are comparatively manageable—favorable for retention and collections. Based on CRE market data from WDSuite, local essentials access (grocery, childcare) is strong, though leisure amenities are thinner, which should be reflected in positioning and renovations.
Given its slightly older vintage than the neighborhood average, the property offers value-add potential through interior upgrades and selective building system improvements. Within a 3-mile radius, recent and forecast increases in population and households point to a larger tenant base by 2028, with smaller household sizes supporting demand for compact units.
- Above-metro-median occupancy and deep renter pool support leasing stability
- Smaller average unit sizes align with demand from singles and workforce renters
- Elevated ownership costs versus incomes reinforce multifamily reliance and steady demand
- 1985 vintage provides value-add upside via interior refresh and systems updates
- Risks: thinner leisure amenities and capex for mid-1980s systems warrant conservative underwriting