| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 90th | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10861 Southwind Dr, Powell, OH, 43065, US |
| Region / Metro | Powell |
| Year of Construction | 1994 |
| Units | 32 |
| Transaction Date | 2003-09-18 |
| Transaction Price | $856,000 |
| Buyer | BJ APARTMENTS II LLC |
| Seller | ANDREW QUILLIN REAL ESTATE INVESTMENTS L |
10861 Southwind Dr Powell 32-Unit Multifamily Investment
Situated in a high-income suburban pocket with top-rated schools and steady renter demand, this asset benefits from stable neighborhood fundamentals, according to WDSuite’s CRE market data.
Powell’s A+ neighborhood rating (ranked 2 of 580 in the Columbus metro) reflects strong livability drivers that support multifamily demand. Amenity access sits in the top quartile nationally across restaurants, parks, groceries, and pharmacies, helping retention by offering daily convenience within a suburban setting.
Schools are a notable strength: the average school rating is 5.0 and ranks 1 out of 580 metro neighborhoods, placing the area among the strongest education environments nationwide. For workforce households, this quality-of-life signal often correlates with longer tenancy and fewer disruptive moves.
Neighborhood occupancy is in a healthy range, and five-year trends show only modest softening, suggesting resilience rather than structural vacancy issues. Renter concentration is measured at the neighborhood level as roughly one-quarter of housing units being renter-occupied, indicating a shallower immediate renter base but one that typically skews stable and higher income in this submarket. Median household income ranks in the 96th national percentile, while the rent-to-income ratio is favorable for operators, supporting pricing discipline and renewal capture.
Home values are elevated (near the 89th national percentile), which points to a high-cost ownership market that can reinforce reliance on rental housing for some cohorts. Within a 3-mile radius, population and households have expanded over the past five years and are projected to continue growing, which should translate into a larger tenant base and support for occupancy and leasing velocity.
The property’s 1994 vintage is slightly older than the neighborhood average construction year (2000), creating potential value-add levers through targeted unit and system upgrades to enhance competitive positioning against newer stock.
Safety indicators are comparatively favorable versus national peers. Violent offense rates benchmark in the 98th percentile nationally (safer than the vast majority of U.S. neighborhoods) with a notable year-over-year improvement, while property offense levels align with the 85th percentile nationally but showed a recent uptick. For investors, this pattern points to generally strong safety fundamentals with prudent attention to property-level security and asset management to mitigate near-term property crime volatility.
At the metro level, the neighborhood performs above average on safety compared with many Columbus-area neighborhoods. Investors should focus on standard best practices—lighting, access control, and resident engagement—to maintain leasing traction consistent with the submarket’s broader stability.
Proximity to major corporate offices underpins a steady renter pool, with healthcare, retail, and utilities headquarters within commuting range supporting retention and leasing stability. The list below reflects the most relevant nearby employers by distance.
- Cardinal Health — healthcare distribution (2.6 miles) — HQ
- Fuse by Cardinal Health — healthcare technology/innovation (3.0 miles)
- L Brands — retail/apparel (12.2 miles) — HQ
- Nationwide — insurance & financial services (12.9 miles) — HQ
- American Electric Power — electric utility (13.1 miles) — HQ
This 32-unit asset in Powell combines high-income demographics, top-tier schools, and strong suburban amenities with neighborhood occupancy that has remained generally stable. Elevated home values in the area sustain reliance on multifamily options for some households, and the neighborhood’s favorable rent-to-income dynamics provide room for disciplined pricing and renewal capture, according to CRE market data from WDSuite.
Built in 1994, the property trails the neighborhood’s average construction year, suggesting a clear value-add path through selective renovations to sharpen competitiveness versus newer stock. Within a 3-mile radius, population and household growth—alongside projections for further expansion—support a larger tenant base and reinforce the case for durable demand over the hold period.
- High-income suburban fundamentals and top-ranked schools support retention and stable leasing
- Elevated ownership costs in the area bolster renter reliance and pricing discipline
- 1994 vintage offers value-add potential to compete with newer product
- 3-mile population and household growth expand the renter pool and support occupancy
- Risks: recent property crime uptick and a modest neighborhood renter concentration require focused asset management