| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 90th | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5103 Emerald Lakes Blvd, Powell, OH, 43065, US |
| Region / Metro | Powell |
| Year of Construction | 1994 |
| Units | 32 |
| Transaction Date | 2024-09-05 |
| Transaction Price | $8,180,000 |
| Buyer | 5006 EMERALD LAKES LLC |
| Seller | SANDRA L MAHONEY FAMILY TRUST |
5103 Emerald Lakes Blvd Powell Multifamily Investment
Neighborhood occupancy trends are steady in the low-to-mid 90s and supported by high-income households, according to WDSuite’s CRE market data. Elevated home values in Powell strengthen renter reliance on multifamily housing, aiding retention and pricing discipline at the neighborhood level.
Powell’s suburban location delivers strong livability signals for renters and operators. Neighborhood amenities are well represented relative to the metro, with dining, groceries, parks, pharmacies, and childcare all testing above national medians. Average school ratings are in the top tier nationally, which can support family-oriented renter demand and longer stays.
The neighborhood’s renter concentration is modest, indicating a shallower base than urban cores, but the tenant pool skews higher-income and is capable of supporting market-rate product. Elevated home values point to a high-cost ownership market, which generally sustains multifamily demand and can support lease retention and disciplined renewal strategies.
Within a 3-mile radius, demographics show population and household growth alongside rising incomes. Household counts are expanding faster than population, implying smaller household sizes and a broader pool of prospective renters — a dynamic that typically supports occupancy stability and absorption of smaller-format units.
The property’s 1994 vintage is slightly older than the neighborhood’s average construction year. Investors should underwrite routine capital planning and selective value-add (exterior refresh, interiors, systems as needed) to sharpen competitiveness against newer deliveries while leveraging the area’s strong fundamentals.
Safety indicators compare favorably versus national benchmarks. Violent-offense measures place the neighborhood in the top decile nationally, signaling comparatively lower serious-crime exposure than most neighborhoods across the country. Property-offense levels trend better than national averages as well, aligning with the area’s broader A-rated neighborhood profile.
Year-over-year, reported estimates indicate an uptick in property-related incidents, while violent-offense rates improved. For investors, this mixed trend argues for standard security practices and lighting/visibility upgrades, but the broader comparative positioning remains stronger than many Columbus neighborhoods.
- Cardinal Health — healthcare distribution (2.5 miles) — HQ
- Fuse by Cardinal Health — healthcare tech/R&D (2.9 miles)
- L Brands — retail/apparel corporate offices (12.0 miles) — HQ
- Big Lots — retail corporate offices (12.5 miles) — HQ
- Nationwide — insurance & financial services (12.7 miles) — HQ
5103 Emerald Lakes Blvd benefits from strong neighborhood fundamentals: high-income households, top-tier schools, and amenity depth that supports stable renter demand. According to commercial real estate analysis from WDSuite, neighborhood occupancy sits in the low-to-mid 90s and rent-to-income readings are favorable, reinforcing retention and renewal strategies.
Built in 1994, the asset may trail newer stock, creating potential value-add opportunity through targeted unit and common-area improvements to compete with 2000s-vintage peers. Elevated ownership costs locally tend to sustain interest in multifamily rentals, while 3-mile demographic trends point to a larger tenant base over time — supportive of occupancy stability for smaller-format units.
- High-income, amenity-rich suburban location with top-tier schools supports stable renter demand.
- Neighborhood occupancy in the low-to-mid 90s and favorable rent-to-income dynamics bolster retention.
- 1994 vintage offers value-add potential to close the competitive gap with newer assets.
- 3-mile population and household growth expand the prospective renter pool over time.
- Risk: recent uptick in property-related incidents argues for prudent security/lighting measures and active management.