| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 46th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1571 S Woodland Blvd, Deland, FL, 32720, US |
| Region / Metro | Deland |
| Year of Construction | 2010 |
| Units | 36 |
| Transaction Date | 2009-09-11 |
| Transaction Price | $950,000 |
| Buyer | TAYLOR PLACE LTD |
| Seller | AMERICAN FEDERATED TITLE CORP |
1571 S Woodland Blvd Deland Multifamily Opportunity
Neighborhood occupancy is solid and renter demand is supported by a high-cost ownership market relative to incomes, according to WDSuite’s CRE market data, positioning this Deland asset for steady leasing performance.
The property sits in a suburban neighborhood rated A- and ranked 37 of 159 within the Deltona–Daytona Beach–Ormond Beach metro, placing it in the top quartile metro-wide. Amenity access trends above national medians for everyday needs, with grocery, restaurants, cafes, and pharmacies comparing favorably to peers nationwide, supporting day-to-day convenience that helps leasing and retention.
Construction in the neighborhood skews older (average 1979), while this asset was built in 2010. The newer vintage enhances competitive positioning versus older stock and may reduce near-term capital needs; investors should still plan for routine systems upgrades over the hold.
Neighborhood occupancy is about 94% (above the national median percentile), and median contract rents have risen meaningfully over the last five years. Renter-occupied share at the neighborhood level is lower (around one-fifth of units), indicating a more owner-leaning area; paired with a high value-to-income ratio (top quintile nationally), ownership costs tend to reinforce reliance on multifamily for many households. Rent-to-income levels trend relatively manageable, which can support retention but suggests measured pricing power.
Within a 3-mile radius, population and households have grown over the past five years and are projected to expand further through 2028, pointing to a larger tenant base and demand tailwinds for multifamily. Average school ratings in the broader area are below national medians, and park access is limited, which may be a consideration for family renters; however, everyday retail and service amenities are comparatively strong.
Current neighborhood-level crime metrics are not reported by WDSuite for this location within the Deltona–Daytona Beach–Ormond Beach metro, so investors should review recent police, municipal, and insurance data to assess on-the-ground trends. As with any asset, evaluate property-level measures (lighting, access control, visibility) and compare them with nearby submarkets to understand relative positioning and potential impacts on leasing and insurance.
Regional employment nodes within commuting range include technology, insurance, environmental services, logistics, and restaurant corporate offices, which can support a diverse renter base and leasing stability for workforce and professional tenants. Specifically: Symantec, Prudential, Waste Management, Ryder, and Darden Restaurants HQ.
- Symantec — cybersecurity/software (15.9 miles)
- Prudential — insurance (36.6 miles)
- Waste Management — environmental services (37.9 miles)
- Ryder — logistics (38.0 miles)
- Darden Restaurants — restaurant corporate offices (40.9 miles) — HQ
Built in 2010 with relatively large floor plans, this 36‑unit property is competitively positioned against an older neighborhood stock. Neighborhood occupancy trends are stable and amenity coverage is stronger than national norms for daily needs. According to CRE market data from WDSuite, the area’s high value-to-income ratio and rising rents, alongside growing 3‑mile population and households, point to durable renter demand and support for steady leasing.
The neighborhood’s renter-occupied share is modest, but a high-cost ownership landscape helps sustain the multifamily renter pool. Investors should underwrite measured rent growth given relatively manageable rent-to-income levels, and budget for routine mid-life system updates appropriate for a 2010 vintage.
- 2010 vintage competes well versus older local stock, with potential for durable occupancy
- Solid neighborhood occupancy and everyday amenity coverage support retention
- 3-mile population and household growth expand the tenant base over the medium term
- High-cost ownership market reinforces renter reliance on multifamily housing
- Risks: modest neighborhood renter concentration, below-median school ratings, and limited park access; plan for routine system updates typical of 2010 assets