| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 31st | Poor |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 875 Derbyshire Rd, Daytona Beach, FL, 32117, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1974 |
| Units | 32 |
| Transaction Date | 2020-11-09 |
| Transaction Price | $29,300,000 |
| Buyer | DE DERBY PARK PARTNERS LLC |
| Seller | VIA ROMA APARTMENTS PROPERTY OWNER LLC |
875 Derbyshire Rd Daytona Beach Multifamily Investment
Neighborhood fundamentals point to steady renter demand, with competitive occupancy and a deep renter-occupied housing base, according to WDSuite’s CRE market data. For investors, this supports stable cash flow potential while leaving room for selective operational improvements.
Located in an inner-suburb setting of Daytona Beach, the property benefits from a renter-occupied housing concentration at the neighborhood level, signaling a broad tenant base for multifamily. The neighborhood’s occupancy ranks competitive among Deltona–Daytona Beach–Ormond Beach neighborhoods (59 out of 159), a constructive indicator for lease-up and retention.
Daily needs retail is a relative strength: grocery availability ranks near the top of the metro and is top quartile nationally, while restaurant density also scores top quartile nationally. Non-grocery amenities such as parks, cafes, childcare, and pharmacies are limited within the immediate neighborhood, so residents may rely on nearby corridors for lifestyle and services.
Within a 3-mile radius, demographics show recent population growth with further household expansion projected through 2028, implying a larger tenant base over time. Median household incomes in the neighborhood track below national averages, so rent setting should balance demand with affordability considerations to support retention and occupancy stability.
The typical construction year in the neighborhood is the late 1970s; this 1974 vintage positions the asset slightly older than local norms, suggesting investors should plan for ongoing capital expenditure and potential value-add upgrades to remain competitive against newer stock.
Neighborhood-level crime metrics are not available in the provided dataset for this location. Investors should review city and county trend reports, compare adjacent corridors, and align on property-level security practices to contextualize safety alongside other fundamentals.
Regional employment access supports renter demand, with commuting reach to software and corporate office employers that can help underpin leasing stability.
- Symantec — software (35.6 miles)
This 32-unit, 1974-vintage community offers exposure to a renter-heavy neighborhood with competitive occupancy versus the Deltona–Daytona Beach–Ormond Beach metro. Strong access to daily needs retail (notably groceries) and steady 3-mile radius population and household growth support a durable tenant base and potential for consistent leasing, based on CRE market data from WDSuite.
Given its slightly older-than-neighborhood-average vintage, a focused value-add and capital planning program can enhance positioning relative to newer stock while keeping affordability in view for income-sensitive renter cohorts. Attention to amenity programming and expense control should help balance pricing power with retention risk.
- Competitive neighborhood occupancy supports leasing stability
- Renter-occupied housing concentration signals depth of tenant demand
- Strong grocery and daily-needs access enhances livability and retention
- 1974 vintage provides value-add opportunity with targeted capex
- Risks: income-sensitive renter base and limited non-grocery amenities may temper near-term pricing power