| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 54th | Good |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1628 Woodcrest Dr, Daytona Beach, FL, 32119, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1979 |
| Units | 36 |
| Transaction Date | 1987-09-15 |
| Transaction Price | $2,200,000 |
| Buyer | WOODCREST PARTNERSHIP |
| Seller | --- |
1628 Woodcrest Dr, Daytona Beach Multifamily Opportunity
Renter-occupied housing is prevalent in the neighborhood, supporting a deeper tenant base and steadier leasing, according to WDSuite s CRE market data.
Located in an inner-suburb pocket of Daytona Beach, the property sits in a neighborhood rated B and tracking above the metro median for overall performance (rank 73 of 159 metro neighborhoods). Grocery access scores well relative to national peers (top quartile nationally), while childcare density is also strong. Caf s, restaurants, parks, and pharmacies are limited within the immediate neighborhood, so residents likely rely on nearby corridors for lifestyle amenities.
Multifamily dynamics are supportive. Neighborhood occupancy is 91.1% and has improved over the last five years, placing it above the metro median (rank 69 of 159). Renter-occupied share of housing units is high at 54.6% (rank 11 of 159), indicating a sizable renter pool that can help sustain demand for a 36-unit asset.
Ownership costs are relatively elevated versus national norms (value-to-income ratio in the upper third nationally), which tends to keep households engaged with rental options and can support lease retention. At the same time, rent-to-income levels are comparatively manageable by national standards, suggesting moderate affordability pressure and the need for disciplined pricing and renewal strategies.
Within a 3-mile radius, demographics show population growth over the past five years and a projected increase through 2028, alongside growth in households. This points to a gradually expanding renter base that can support occupancy stability and measured rent growth. School ratings are not available in this dataset; investors may wish to supplement with local district reporting for family-oriented demand assessments.
Comparable neighborhood-level safety metrics are not available in this release. Investors typically benchmark property performance against city and county trends, evaluate multi-year patterns, and incorporate onsite security and design measures into underwriting rather than relying on single-period statistics.
Given the lack of granular rank/percentile data for this neighborhood, consider reviewing broader Daytona Beach and Volusia County trend lines, property-level incident histories, and local stakeholder input to contextualize risk in a consistent, portfolio-ready way.
Regional employers contribute to commuter demand, with access to corporate offices that can support leasing stability for workforce-oriented renters. The list below reflects notable nearby presence referenced in this dataset.
- Symantec corporate offices (33.1 miles)
This 36-unit asset, built in 1979, is older than the neighborhood s average vintage and may benefit from targeted capital improvements. That positioning can create value-add potential while competing against newer stock. Neighborhood occupancy is above the metro median and the renter-occupied share is high, supporting depth of demand and potential retention. Based on CRE market data from WDSuite, ownership costs in the area trend higher than national norms, which typically sustains reliance on multifamily housing even as rents remain relatively manageable by income.
Within a 3-mile radius, recent and projected growth in population and households indicates a larger tenant base over the medium term, supporting lease-up and renewal prospects. Amenity density varies by category, so asset-level improvements and thoughtful marketing toward nearby corridors can help capture demand while managing exposure to convenience-sensitive renters.
- Above-median neighborhood occupancy with a sizable renter base supports demand stability.
- 1979 vintage offers value-add and modernization upside relative to newer competitive stock.
- Elevated ownership costs versus national norms reinforce multifamily reliance and retention.
- 3-mile radius shows population and household growth, expanding the prospective renter pool.
- Risk: limited immediate amenity mix and older systems require careful capex and leasing strategy.