| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 31st | Poor |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 850 N Clyde Morris Blvd, Daytona Beach, FL, 32117, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 2008 |
| Units | 84 |
| Transaction Date | 2005-05-12 |
| Transaction Price | $556,000 |
| Buyer | FINLAY INTERESTS 27 LTD |
| Seller | CSR PORTFOLIO ONE LTD |
850 N Clyde Morris Blvd Daytona Beach Multifamily Investment
Occupancy trends are above the metro median and a high renter-occupied share supports demand, according to WDSuite’s CRE market data. Newer construction at this address helps the asset compete for tenants in an Inner Suburb location.
This Inner Suburb pocket of Daytona Beach shows steady renter demand with neighborhood occupancy measured at a level that is above the metro median (rank 59 of 159 neighborhoods), per WDSuite. Renter concentration is high (60%+ renter-occupied, rank 6 of 159), indicating a deep tenant base that can support leasing stability for multifamily operators.
Amenity access is mixed. Grocery availability is a standout, ranking 3rd of 159 metro neighborhoods and landing in the top quartile nationally, which supports daily convenience and lease retention. Restaurant density is competitive among Deltona–Daytona Beach–Ormond Beach neighborhoods (27th of 159; high national percentile). By contrast, the immediate area has limited cafe, park, childcare, and pharmacy density, so residents may rely on nearby submarkets for those needs.
The asset’s 2008 vintage is newer than the neighborhood’s average 1977 build year, offering relative competitiveness versus older stock. Investors should still plan for mid-life systems and selective upgrades to sustain positioning and capture value-add premiums where feasible.
Within a 3-mile radius, population and household counts have grown meaningfully over the past five years, with forecasts pointing to continued population growth and a sizable increase in households through 2028. This expansion implies a larger tenant base and supports occupancy stability. Median contract rents in the 3-mile area have risen and are projected to continue rising, while incomes are also trending higher—favorable for rent collections but requiring careful lease management where affordability pressure is present. In this market, relatively modest home values compared with many Florida metros can create some competition from entry-level ownership, which investors should factor into pricing and retention strategies.
Comparable neighborhood crime metrics are not available in WDSuite for this location at the time of analysis. Investors commonly benchmark safety using city and county trend reports and compare them to metro and national context to assess tenant retention and operating considerations.
Regional employers within commuting range contribute to the broader labor pool that supports renter demand. The list below reflects nearby corporate presence referenced in WDSuite.
- Symantec — corporate offices (34.9 miles)
Built in 2008 with 84 units, the property competes well against an older neighborhood housing stock while offering room for targeted upgrades as systems reach mid‑life. Neighborhood occupancy is above the metro median and renter concentration is high, supporting depth of demand; according to CRE market data from WDSuite, this positioning aligns with steady leasing fundamentals in Daytona Beach’s Inner Suburbs.
Within a 3-mile radius, recent population growth and a forecasted increase in households point to an expanding renter pool, while incomes are trending higher alongside projected rent growth. Strong grocery access supports daily convenience and retention, though relatively accessible ownership options nearby and pockets of affordability pressure suggest disciplined pricing and resident management will be important.
- 2008 vintage offers competitive position versus older local stock with selective value-add potential
- Above-metro occupancy and high renter-occupied share support leasing stability
- 3-mile population and household growth expand the tenant base, aiding absorption
- Strong grocery access and everyday amenities bolster resident convenience and retention
- Risks: affordability pressure in parts of the area and competition from entry-level ownership require disciplined pricing and resident retention strategies