| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Poor |
| Demographics | 38th | Poor |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1757 S Clyde Morris Blvd, Daytona Beach, FL, 32119, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1986 |
| Units | 96 |
| Transaction Date | 2019-03-06 |
| Transaction Price | $10,000,000 |
| Buyer | Windmeadows Apartments Owner, LLC |
| Seller | McKinley Windmeadows, LLC |
1757 S Clyde Morris Blvd, Daytona Beach Multifamily Investment
Renter demand within a 3-mile radius is expanding alongside improving incomes, and nearby daily amenities support leasing, according to WDSuite s CRE market data. Neighborhood occupancy trends are softer, so active management and targeted positioning may be key to capture this demand.
Located in an inner-suburb pocket of Daytona Beach, the neighborhood rates a C and ranks 114 out of 159 in the Deltona Daytona Beach Ormond Beach metro. Amenity access is competitive among metro neighborhoods, with cafes and groceries especially prevalent nearby. Cafe density ranks 3 of 159 locally and is strong nationally (about the top decile), while grocery access ranks 10 of 159. However, metro measures indicate limited nearby parks and pharmacies within the immediate neighborhood footprint.
For livability and daily convenience, the area s food-and-beverage options and grocery coverage support resident retention and leasing velocity. School ratings are not available in this dataset and should be validated during due diligence. Compared with national CRE trends, the amenity profile sits near the middle overall, with notable strengths in cafes and groceries but fewer green space and pharmacy options.
Within a 3-mile radius, population and household counts have grown in recent years, and projections call for additional population growth with smaller average household sizes. This combination points to a larger tenant base and more one- and two-person households entering the rental market, which can support occupancy stability and absorption at properties positioned to meet this demand.
Tenure data within 3 miles indicates roughly two-fifths of housing units are renter-occupied, signaling a sizable renter concentration and depth of demand for multifamily. At the neighborhood level, the rent-to-income ratio sits on the higher side nationally, which suggests potential affordability pressure and underscores the importance of careful lease management and product-market fit.
Home values in the neighborhood are around the national midpoint by percentile, while the value-to-income ratio trends low nationally. In practice, this means ownership may be relatively accessible for some households, creating potential competition with renting. Positioning on convenience, amenities, and well-maintained units can help sustain pricing power and retention despite that ownership context.
Neighborhood occupancy ranks near the bottom of metro peers (136 of 159), reflecting softer stabilization relative to the region. For investors, this calls for disciplined operations, differentiated finishes or services, and competitive pricing to achieve target lease-up and renewal outcomes.
Neighborhood-level crime metrics are not available in this dataset. Investors should benchmark property- and neighborhood-level safety indicators against Deltona Daytona Beach Ormond Beach metro norms during underwriting, review multi-year trends, and incorporate standard risk-mitigation measures (lighting, access control, monitoring) where appropriate.
Regional employers contribute to a diversified labor base that can support renter demand; the following reflects notable nearby presence included in this dataset.
- Symantec technology offices (32.9 miles)
This Daytona Beach asset is positioned to serve a growing renter pool within 3 miles, with population and household growth and a meaningful share of renter-occupied units supporting depth of demand. Amenity access leans favorable for daily needs (notably cafes and groceries), which can aid leasing and renewals. According to CRE market data from WDSuite, neighborhood occupancy trails metro peers, so execution will matter but the broader demand signals and convenience advantages provide a path to stabilization for a well-managed community.
Ownership appears relatively accessible by national benchmarks, implying some competition with for-sale options, while higher rent-to-income ratios at the neighborhood level point to affordability pressure. A focused strategy around unit finishes, value-oriented amenities, and disciplined lease management can help sustain absorption and retention.
- Expanding 3-mile renter base supports demand for well-positioned multifamily units.
- Competitive daily convenience with strong cafe and grocery access aids retention.
- Relative ownership accessibility elevates the need for convenience-focused positioning and service.
- Risk: Neighborhood occupancy ranks below many metro peers, requiring active management and targeted pricing.
- Risk: Higher rent-to-income ratios suggest affordability pressure; careful lease and renewal strategies are important.