| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 52nd | Good |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2515 Enterprise Rd, Orange City, FL, 32763, US |
| Region / Metro | Orange City |
| Year of Construction | 1979 |
| Units | 36 |
| Transaction Date | 2011-06-01 |
| Transaction Price | $1,588,072 |
| Buyer | ORANGE CITY FLATS LP |
| Seller | ORANGE CITY II LLC |
2515 Enterprise Rd, Orange City Multifamily Opportunity
Neighborhood occupancy trends are above the metro median with a majority renter-occupied base, indicating depth of demand for a 36-unit asset, according to CRE market data from WDSuite. Positioning focuses on steady leasing fundamentals and value-add potential rather than outsized rent growth.
Located in Orange City within the Deltona–Daytona Beach–Ormond Beach metro, the neighborhood scores an A rating and ranks 19th among 159 metro neighborhoods, signaling competitive fundamentals for multifamily investors. Amenity access is also competitive among metro peers (amenity rank 24 of 159), which supports daily convenience and retention.
Local occupancy for the neighborhood sits above the metro median and has improved over the past five years, reinforcing stability for lease-up and renewals based on CRE market data from WDSuite. Renter-occupied share is elevated (rank 10 of 159), indicating a sizable renter concentration that typically broadens the tenant base for workforce and market-rate assets.
Everyday amenities benchmark well: restaurant and cafe availability trends in the top quartile nationally, while park and pharmacy access are also top quartile. Childcare options are comparatively limited (low national percentile), which may influence the resident profile and unit mix that perform best.
Homeownership costs trend high relative to local incomes (value-to-income ratio in a high national percentile), which can sustain reliance on rental housing and support pricing power when managed thoughtfully. At the same time, the neighborhood’s rent-to-income metrics indicate affordability pressure versus national norms, suggesting an emphasis on retention, renewals, and thoughtful lease management.
Within a 3-mile radius, demographics point to population growth and a projected increase in households over the next five years, with smaller average household sizes expected. This combination typically expands the renter pool and supports occupancy stability for well-managed assets.
Vintage context: the property was built in 1979, slightly older than the neighborhood’s average construction year. For investors, that often translates into clear value-add pathways through system upgrades and interior renovations to enhance competitive positioning against newer stock.
Comparable neighborhood-level safety statistics are not available in WDSuite for this location. Investors typically contextualize site safety by benchmarking against city or metro trends and conducting on-the-ground diligence (e.g., property tours, police blotter reviews, and insurer loss-history checks) to assess risk and mitigation strategies.
Nearby corporate employers provide diversified white-collar and services employment that can underpin renter demand and retention, including technology, insurance, logistics, restaurant corporate, and environmental services—each listed below with approximate distance.
- Symantec — technology/security offices (10.5 miles)
- Prudential — insurance/financial services (31.2 miles)
- Ryder — logistics & transportation (32.4 miles)
- Darden Restaurants — restaurant corporate offices (35.4 miles) — HQ
- Waste Management — environmental services (37.0 miles)
2515 Enterprise Rd offers 36 units averaging roughly 687 square feet in an inner-suburban location where neighborhood occupancy trends are above the metro median and have strengthened over five years. The 1979 vintage is modestly older than the area average, creating straightforward value-add angles through modernization while leveraging a renter-heavy neighborhood profile and solid amenity access. High relative homeownership costs in the neighborhood context help sustain rental demand, though tenant affordability warrants active renewal and pricing management.
Based on CRE market data from WDSuite, amenity access ranks competitively within the metro and dining, parks, and pharmacy access trend in the top quartile nationally—factors that generally support retention. Within a 3-mile radius, population growth and a faster rise in household counts point to a larger renter pool over the next five years, which can support occupancy stability for thoughtfully positioned units.
- Neighborhood occupancy above metro median with five-year improvement supports leasing stability
- 1979 vintage enables value-add via system and interior upgrades to enhance competitiveness
- High relative ownership costs reinforce reliance on rental housing, aiding demand depth
- 3-mile growth in population and households expands the renter pool, supporting occupancy
- Risk: affordability pressure versus national norms calls for disciplined rent and renewal strategy