| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 90th | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10661 Southwind Dr, Powell, OH, 43065, US |
| Region / Metro | Powell |
| Year of Construction | 1994 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10661 Southwind Dr, Powell OH Multifamily Investment
Positioned in a top-ranked Columbus suburb with strong schools and high household incomes, the property benefits from durable renter demand and stable neighborhood occupancy, according to WDSuite’s CRE market data.
Powell’s neighborhood fundamentals score at the top of the metro, ranked 2nd of 580 Columbus neighborhoods with an A+ rating. The area’s average school rating is 5/5 (ranked 1st of 580) and sits in the top percentile nationally—an anchor for family-oriented leasing and tenant retention. Amenities are broad for a suburban location, with restaurants, cafes, groceries, parks, and pharmacies tracking around the low-80s nationally, supporting day-to-day convenience for residents.
Renter demand is underpinned by high local incomes and a high-cost ownership landscape. Median home values in the neighborhood are elevated relative to national norms, which tends to sustain reliance on multifamily housing and supports pricing power. Neighborhood rent-to-income levels are favorable for operators, indicating lower affordability pressure and potential for steadier renewals rather than frequent turnover.
From a tenure standpoint, roughly a quarter of housing units are renter-occupied, reflecting a primarily owner-occupied suburb with a defined, but selective, rental pool. For investors, this points to demand stability tied to schools and quality-of-life drivers rather than transient leasing. Neighborhood occupancy is in the low-90s and has been broadly stable over time, providing a solid backdrop for maintaining leased-up operations.
Within a 3-mile radius, demographics show population growth over the last five years alongside an increase in households and a gradual decrease in average household size. Looking ahead, forecasts point to further population gains and a notable increase in households by 2028, suggesting a larger tenant base and more renters entering the market—tailwinds for occupancy and leasing velocity in the near to medium term.
The property’s 1994 vintage is slightly older than the neighborhood average construction year (2000). That age gap can create value-add opportunity through targeted interior updates and systems modernization, improving competitive positioning against newer stock while informing capital planning.
Safety indicators are a relative strength for this area. The neighborhood’s crime profile is competitive among Columbus neighborhoods (ranked 36 out of 580, top quartile) and compares favorably nationwide, with violent offense rates in the very high national percentiles. Property offenses also benchmark better than most U.S. neighborhoods, though investors should note recent year-over-year variability and monitor trends as part of asset management.
A diverse employment base within short commute range supports leasing and retention, led by healthcare distribution, retail headquarters, and major utilities and insurance employers. Notable nearby employers include Cardinal Health, Fuse by Cardinal Health, L Brands, Nationwide, and American Electric Power.
- Cardinal Health — healthcare distribution (2.66 miles) — HQ
- Fuse by Cardinal Health — innovation & technology (3.06 miles)
- L Brands — retail corporate offices (12.26 miles) — HQ
- Nationwide — insurance headquarters (13.00 miles) — HQ
- American Electric Power — electric utility headquarters (13.17 miles) — HQ
10661 Southwind Dr sits in one of Columbus’s highest-rated suburban neighborhoods, pairing top-tier schools and household incomes with strong convenience amenities. The local renter base is selective but durable, supported by a high-cost ownership market that reinforces reliance on multifamily housing and helps sustain pricing power. Neighborhood occupancy remains healthy, and within a 3-mile radius, continued population growth and a meaningful increase in households point to a larger tenant base and resilient leasing over the next cycle, based on CRE market data from WDSuite.
Built in 1994, the asset is slightly newer than many 1980s vintage peers but older than the neighborhood average, suggesting practical value-add through interior refreshes and systems updates to sharpen competitive positioning. Proximity to several headquarters and major corporate campuses supports demand from professionals, while top-ranked schools bolster retention for family households. Operators should account for a smaller renter-occupied share in the immediate neighborhood and keep watch on property offense trends as part of ongoing risk management.
- Top-of-metro location with A+ neighborhood rating and 5/5 schools (ranked 1st of 580)
- High-cost ownership market supports multifamily demand and pricing power
- Household and population growth within 3 miles expands the tenant base
- 1994 vintage offers value-add upside via targeted renovations
- Risks: smaller renter-occupied share locally; monitor property offense volatility