| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 90th | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5500 Wind Drift Dr, Powell, OH, 43065, US |
| Region / Metro | Powell |
| Year of Construction | 1994 |
| Units | 32 |
| Transaction Date | 2005-07-13 |
| Transaction Price | $856,000 |
| Buyer | JMLP PROPERTIES LTD |
| Seller | MOORE REAL ESTATE INVESTMENT & DEVELOPME |
5500 Wind Drift Dr Powell Multifamily Opportunity
A+ suburban neighborhood fundamentals—top-tier schools, affluent households, and a high-cost ownership market—support durable renter demand, according to WDSuite’s CRE market data.
Situated in Powell within the Columbus, OH metro, the property benefits from an A+ neighborhood rating and a suburban setting that attracts stable, higher-income households. Public schools are among the strongest in the region, ranking at the top among 580 Columbus neighborhoods and testing in the top percentile nationally—an anchor that tends to support retention for family-oriented renters and sustain demand.
Local livability is bolstered by access to daily-needs amenities. Neighborhood data indicate competitive concentrations of grocery, pharmacy, parks, and dining options relative to many U.S. neighborhoods, which enhances quality-of-life without requiring long commutes. These amenity levels, combined with a suburban layout, position the area well for workforce and executive renters seeking convenience and stability.
Rents in the neighborhood trend above metro norms, while occupancy sits around the metro median and modestly above national norms—an indicator of steady leasing conditions without overheating. The share of housing units that are renter-occupied is modest, pointing to a shallower but more affluent tenant base; for multifamily owners, that typically translates to consistent payment performance and measured absorption rather than rapid lease-up cycles.
Within a 3-mile radius, population and household counts have increased over the past five years, and forecasts point to further growth by 2028 alongside gradually smaller average household sizes. This combination expands the renter pool over time and can support occupancy stability. Elevated home values in the neighborhood create a high-cost ownership market, which tends to reinforce reliance on multifamily housing; at the same time, renters’ comparatively low rent-to-income ratios imply manageable affordability pressure—favorable for lease management and pricing discipline.
The property’s 1994 vintage is older than the neighborhood’s average construction year (2000). For investors, that typically implies capital planning for systems and common-area refreshes, as well as potential value-add opportunities to improve competitive positioning against newer stock.
Neighborhood safety indicators compare favorably at the national level. According to WDSuite’s CRE market data, overall safety measures score in the upper percentiles nationally, and violent offense estimates sit near the top of U.S. comparisons. Recent year-over-year trends indicate meaningful improvement in violent offenses, while property offenses remain relatively low compared with many neighborhoods nationwide.
For investors, this profile typically supports tenant retention, reduces operational friction tied to incidents, and complements the area’s family-oriented demand drivers. As always, safety conditions vary by micro-location and over time; underwriting should incorporate current, property-level assessments in addition to neighborhood data.
Proximity to major corporate offices underpins a strong white-collar employment base and commute convenience for renters. Nearby anchors include Cardinal Health, Fuse by Cardinal Health, L Brands, Big Lots, and Nationwide.
- Cardinal Health — corporate offices (2.5 miles) — HQ
- Fuse by Cardinal Health — corporate offices (2.8 miles)
- L Brands — corporate offices (12.1 miles) — HQ
- Big Lots — corporate offices (12.5 miles) — HQ
- Nationwide — corporate offices (12.8 miles) — HQ
This 32-unit, 1994-vintage asset is positioned in an A+ Powell neighborhood where affluent demographics, top-ranked schools, and a high-cost ownership market support steady rental demand. Occupancy in the neighborhood tracks around the metro median yet remains modestly above national norms, suggesting balanced leasing conditions. According to CRE market data from WDSuite, household growth within a 3-mile radius and declining average household size point to a gradually expanding renter pool, while low rent-to-income ratios imply manageable affordability pressure—favorable for retention and disciplined rent management.
Against a neighborhood average construction year of 2000, the 1994 vintage suggests thoughtful capital planning for building systems and interiors. That age profile also presents value-add potential to modernize finishes and amenities, improving competitive positioning versus newer supply. The combination of strong schools, amenity convenience, and proximity to major employers supports durable fundamentals, while the modest renter concentration indicates a more selective but financially resilient tenant base.
- A+ suburban location with top-of-metro schools and affluent households underpinning stable demand
- Occupancy near the metro median and modestly above national norms supports leasing stability
- 1994 vintage offers value-add potential; plan for systems upgrades and interior modernization
- High-cost ownership market and low rent-to-income ratios bolster retention and pricing discipline
- Risk: relatively modest renter concentration may slow lease-up velocity versus more renter-heavy submarkets