| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 81st | Best |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25732 Detroit Rd, Westlake, OH, 44145, US |
| Region / Metro | Westlake |
| Year of Construction | 1990 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
25732 Detroit Rd Westlake OH Multifamily Opportunity
Neighborhood multifamily occupancy remains high and supportive of income stability, according to WDSuite’s CRE market data. This positioning in suburban Westlake suggests durable renter demand relative to broader Cleveland-Elyria trends.
Westlake’s A-rated neighborhood profile (31st of 569 in the Cleveland-Elyria metro) signals strong fundamentals for a 24-unit asset. Rents in the area sit above national norms while rent-to-income ratios are favorable, which supports pricing power without overextending tenants. According to CRE market data from WDSuite, neighborhood multifamily occupancy is strong and has trended higher over five years, indicating resilient demand.
Local livability is a draw: restaurant and café density ranks in the upper tiers nationally, and childcare availability is also strong for a suburban location. By contrast, immediate park and pharmacy density measures are thinner, so residents may rely on nearby submarkets for certain needs. School ratings are not available in this dataset, so investors should underwrite education quality with local diligence where relevant to tenant profiles.
Vintage matters for competitiveness. Built in 1990 versus a neighborhood average around 1981, the property is newer than much of the local stock, which typically aids leasing versus older assets; investors should still plan for aging systems and selective modernization to sustain rent attainment.
Tenure patterns point to a primarily owner-occupied landscape locally, with the 3-mile area showing roughly one-fifth of housing units renter-occupied. Combined with population and household growth within 3 miles over the last five years and further growth projected, this suggests a steady but discerning renter pool that can support occupancy stability while rewarding well-maintained, conveniently located product.
Based on WDSuite’s neighborhood safety indicators, this area performs above national averages, with property and violent offense measures landing in favorable national percentiles. Within the Cleveland-Elyria metro, the neighborhood compares well to many peers, reflecting a generally stable safety profile rather than an outlier risk zone.
Investors should monitor trend direction as part of routine underwriting, but current readings indicate conditions that support renter retention and leasing consistency compared with many urban and inner-suburban submarkets.
Nearby corporate anchors underpin commuter convenience and broaden the renter base, including TravelCenters of America, Texas Instruments, Sherwin-Williams, KeyCorp, and PNC Center.
- Travelcenters Of America — corporate offices (1.1 miles) — HQ
- Texas Instruments — corporate offices (3.7 miles)
- Sherwin-Williams — corporate offices (11.1 miles) — HQ
- Keycorp — corporate offices (11.1 miles) — HQ
- PNC Center — corporate offices (11.4 miles)
This 1990-vintage, 24-unit asset benefits from a high-occupancy suburban neighborhood with rents above national norms and a renter base supported by nearby corporate employers. The property’s newer-than-average vintage versus local stock can aid leasing, while selective system upgrades and modernization can sustain competitiveness and rent growth over the hold.
Within a 3-mile radius, population and household counts have increased and are projected to grow further, expanding the tenant base and supporting occupancy stability. According to CRE market data from WDSuite, the neighborhood’s strong occupancy and favorable rent-to-income dynamics indicate room to maintain pricing without materially elevating retention risk, provided operations and CapEx remain disciplined.
- High neighborhood occupancy supports income durability versus metro peers
- 1990 vintage offers competitive positioning with targeted value-add potential
- Employer proximity (TA, TI, Sherwin-Williams, KeyCorp) underpins steady renter demand
- Favorable rent-to-income dynamics suggest manageable retention risk with prudent lease management
- Watchouts: thinner immediate park/pharmacy density and owner-leaning tenure require competitive finishes and service to capture demand