| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 58th | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Miller Rd, Deland, FL, 32724, US |
| Region / Metro | Deland |
| Year of Construction | 2004 |
| Units | 75 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 Miller Rd Deland Multifamily Investment Thesis
Neighborhood occupancy trends are competitive among Deltona–Daytona Beach–Ormond Beach submarkets, pointing to steady renter demand according to WDSuite’s CRE market data. Stability here is driven by a growing tenant base rather than short-term swings.
Located in an inner-suburb setting of Deland, the neighborhood scores A overall and ranks 22 of 159 within the metro, placing it in the top quartile among local neighborhoods. Amenity access is a relative strength versus the metro, with dining, grocery, and daily-needs options testing above metro medians, supporting resident convenience and lease retention.
Renter demand is supported by both neighborhood tenure and broader-area growth. Within the neighborhood, roughly one-third of housing units are renter-occupied, indicating an established renter base. Within a 3-mile radius, population and household counts have risen and are projected to continue increasing, widening the tenant pool and helping sustain occupancy. Median contract rents in the neighborhood benchmark above many areas nationally, reinforcing revenue potential while requiring active affordability management.
Operations benefit from occupancy levels that have improved over the past five years and are competitive among Deltona–Daytona Beach–Ormond Beach neighborhoods. Compared with national patterns, neighborhood housing and demographics score in the upper half of percentiles, suggesting balanced fundamentals that can support stable leasing and measured rent growth when paired with disciplined asset management.
Local dynamics present a mixed picture on lifestyle factors. Cafes, pharmacies, and restaurants index well against both the metro and many U.S. neighborhoods, but park access is limited, and average school ratings trail national medians. Investors should underwrite these elements as potential headwinds for certain renter cohorts while noting that overall amenity access remains a comparative strength.
Safety indicators present a nuanced profile. Within the Deltona–Daytona Beach–Ormond Beach metro, the neighborhood’s crime rank sits closer to the higher-incident cohort (ranked 27 of 159), so underwriting should assume prudent security and lighting standards. Nationally, several offense measures trend in stronger percentiles, indicating comparatively safer outcomes versus many U.S. neighborhoods, although year-over-year shifts can be uneven.
Property-related offenses have shown recent improvement, while violent-offense trends have been more volatile over the last year. For investors, the takeaway is to budget for standard risk mitigation and monitor local trendlines rather than relying on a single-year snapshot.
Nearby corporate offices broaden the employment base and support renter demand through commute convenience. Notable employers include Symantec, Prudential, Waste Management, Ryder, and Darden Restaurants.
- Symantec — software/security (18.2 miles)
- Prudential — insurance (38.9 miles)
- Waste Management — waste services (39.8 miles)
- Ryder — logistics (40.2 miles)
- Darden Restaurants — restaurant group (43.2 miles) — HQ
Built in 2004, the property is newer than much of the surrounding housing stock, which skews to earlier vintages. That relative youth can reduce near-term capital exposure and improve competitive positioning versus older assets, while still leaving room for targeted modernization to drive rent premiums. According to CRE market data from WDSuite, neighborhood occupancy has strengthened over the last five years and benchmarks competitively within the metro, and rents sit above many national comparisons—factors that, combined with a growing 3-mile population and household base, support a durable tenant pipeline.
The renter-occupied share at both the neighborhood and 3-mile levels underscores depth of demand for multifamily, with broader-area income gains and projected household growth pointing to continued leasing stability. Investors should balance these positives against softer school ratings, limited park access, and uneven safety trendlines, aligning capital plans and resident experience programming accordingly.
- 2004 vintage offers relative CapEx relief versus older local stock, with selective value-add potential
- Competitive neighborhood occupancy and rent positioning support revenue stability
- Expanding 3-mile population and households widen the tenant base and support lease-up/retention
- Established renter concentration indicates depth of multifamily demand
- Risks: uneven safety trendlines, below-average school ratings, and limited park access