| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 39th | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 315 Wilder Blvd, Daytona Beach, FL, 32114, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1988 |
| Units | 22 |
| Transaction Date | 2020-12-11 |
| Transaction Price | $1,150,000 |
| Buyer | R & R COASTAL PROPERTIES LLC |
| Seller | WILDERWOOD APARTMENTS INC |
315 Wilder Blvd Daytona Beach 22-Unit Multifamily
Neighborhood renter-occupied share is elevated, supporting a deeper tenant base around this asset, according to WDSuite’s CRE market data. Amenity access is strongest for groceries and dining at the neighborhood level, which can help leasing consistency relative to nearby pockets.
This Inner Suburb location in Daytona Beach offers practical renter appeal driven by daily-needs access: neighborhood grocery availability ranks in the top quartile nationally, and restaurants are similarly strong, while parks are competitive among Deltona–Daytona Beach–Ormond Beach neighborhoods. By contrast, cafes and pharmacies are limited, so day-to-day convenience leans more toward essentials than specialty retail, based on CRE market data from WDSuite.
The property was built in 1988, newer than the neighborhood’s average 1970 vintage. For investors, that typically means a more competitive baseline versus older stock, with remaining opportunities to modernize interiors and refresh systems to meet current renter expectations.
At the neighborhood level (not the property), occupancy trends sit below many peers in the metro, suggesting that hands-on leasing and management execution will matter. However, renter-occupied share is high for the neighborhood, indicating a sizable renter pool that can support demand depth and retention when product is positioned correctly.
Demographic statistics are aggregated within a 3-mile radius. Recent years show population and household growth, with projections pointing to further increases and smaller average household sizes by 2028. This combination typically expands the renter pool and supports occupancy stability for efficiently sized units, particularly where attainable rents align with local incomes.
Ownership costs in the neighborhood are lower than many coastal Florida markets, yet elevated enough to sustain reliance on rental options. For multifamily investors, this context can support lease retention and pricing power at appropriately positioned rents, while the neighborhood’s rent-to-income dynamics warrant disciplined revenue management.
Comparable safety metrics at the neighborhood level are not available in this dataset for precise benchmarking. Investors typically contextualize property-level security measures and trend data against broader Deltona–Daytona Beach–Ormond Beach patterns and submarket comps to inform underwriting and insurance assumptions.
Regional corporate presence contributes to a diversified employment base that supports renter demand. Notable nearby employer:
- Symantec — software & cybersecurity (35.2 miles)
315 Wilder Blvd offers a 22-unit footprint with compact floor plans that align with workforce renter demand in an Inner Suburb setting. The 1988 vintage is newer than the neighborhood’s average stock, positioning the asset competitively versus older properties while still leaving room for targeted value-add and system upgrades. Neighborhood renter concentration is elevated, and daily-needs amenities (especially groceries and dining) are a relative strength, which can help support leasing and retention. According to CRE market data from WDSuite, neighborhood occupancy runs below many metro peers, so execution on marketing, renewal strategy, and unit turns will be important to drive consistent performance.
Within a 3-mile radius, recent and forecast growth in population and households suggests a larger tenant base over the medium term, with smaller household sizes supporting demand for efficiently sized units. Ownership remains a higher-cost alternative for many households locally, which can reinforce reliance on rental housing; even so, rent-to-income considerations point to the need for disciplined pricing and resident retention programs.
- 1988 construction is newer than area average, offering competitive positioning with targeted modernization upside.
- Elevated neighborhood renter-occupied share supports tenant-base depth and potential leasing stability.
- Strong access to groceries and restaurants at the neighborhood level enhances day-to-day livability for residents.
- 3-mile population and household growth trends expand the prospective renter pool over time.
- Risk: neighborhood occupancy trails many metro peers, making leasing execution and revenue management key to performance.