| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 47th | Fair |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1250 Woodcrest Dr, Daytona Beach, FL, 32114, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1986 |
| Units | 119 |
| Transaction Date | 2019-02-28 |
| Transaction Price | $9,000,000 |
| Buyer | Sun Pointe Apartments Owner, LLC |
| Seller | --- |
1250 Woodcrest Dr, Daytona Beach Multifamily Investment
Stabilized renter demand in an inner-suburban pocket of Daytona Beach supports occupancy and leasing fundamentals, according to WDSuite s CRE market data.
Located in an Inner Suburb setting of the Deltona Daytona Beach Ormond Beach metro, the neighborhood rates B+ and stands 45th among 159 metro neighborhoods, indicating competitive positioning for multifamily investors. Amenity access is a relative strength restaurants and cafes perform in the top quartile nationally while parks and pharmacies are also solid, supporting day-to-day livability for residents.
Neighborhood occupancy is 93.1% and has trended upward over the past five years, placing the area competitive among Deltona Daytona Beach Ormond Beach neighborhoods. The local renter-occupied share is high at 76.9% (top tier nationally), signaling a deep tenant base and generally stable leasing velocity for professionally managed properties.
Within a 3-mile radius, population and households have grown over the last five years, and WDSuite data indicate further increases in households through the mid-term forecast. Smaller average household sizes in the 3-mile area suggest steady demand for efficient floor plans and one-bedroom product, which can support occupancy stability.
Ownership costs in the neighborhood remain relatively accessible versus many coastal Florida markets, which can introduce some competition from entry-level ownership. Even so, rent-to-income levels are moderate for the area, helping support retention and reducing near-term affordability pressure from an investor s perspective. The average construction vintage nearby is late-1980s; this 1986 asset is slightly older, which may present value-add or modernization angles to enhance relative competitiveness.
Safety indicators are mixed when viewed across geographies. Compared with neighborhoods nationwide, WDSuite s data place the area above average for overall safety, with property-related offenses positioned in a high national safety percentile. Violent offenses benchmark safer than the national norm as well, though investors should note recent year-over-year volatility in violent incidents.
Within the Deltona Daytona Beach Ormond Beach metro, the neighborhood s crime rank sits closer to the higher-crime side (39 out of 159), so property operations may benefit from standard security measures and resident engagement practices common to similar inner-suburban locations. Monitoring trend direction remains prudent as part of ongoing asset management.
Regional corporate employment is accessible within commuting range, supporting renter demand tied to office and technology roles. The list below highlights a notable nearby corporate office relevant to prospective renters commuting patterns.
- Symantec software & cybersecurity (33.1 miles)
Built in 1986 with 119 units averaging 501 square feet, the property aligns with demand from smaller households observed within 3 miles and benefits from a neighborhood where the renter-occupied share is elevated, supporting a deeper tenant pool. Neighborhood occupancy has risen over the last five years and remains competitive within the metro, which can underpin leasing stability and limit downtime between turns.
According to CRE market data from WDSuite, local amenities score well relative to national averages, reinforcing livability, while moderate rent-to-income ratios suggest manageable affordability pressure that can aid retention. The 1986 vintage may also offer targeted value-add or systems modernization opportunities to enhance positioning versus late-1980s comparables, balanced against routine capital planning.
- High renter concentration in the neighborhood supports a larger tenant base and steadier leasing.
- Upward neighborhood occupancy trend and competitive metro ranking support potential for stable cash flow.
- Strong amenity access and commuting reach to regional employers bolster resident appeal.
- 1986 vintage creates value-add and modernization angles to improve relative competitiveness.
- Risks: mixed safety signals within the metro, below-average school ratings, and some competition from ownership options.