| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 88th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6300 Calebs Creek Way, Westerville, OH, 43081, US |
| Region / Metro | Westerville |
| Year of Construction | 2012 |
| Units | 108 |
| Transaction Date | 2013-03-08 |
| Transaction Price | $7,098,000 |
| Buyer | Caleb Creek Investments LLC |
| Seller | Warner-Hamilton LLC |
6300 Calebs Creek Way Westerville Multifamily Investment
Stabilized neighborhood occupancy and a growing renter pool suggest durable leasing fundamentals, according to WDSuite’s CRE market data. Newer 2012 construction positions the asset competitively versus older suburban stock in the Columbus metro.
Located in a suburban pocket of Westerville within the Columbus, OH metro, the neighborhood carries a B+ rating and performs above the metro median on several investor-relevant metrics. Neighborhood occupancy (measured for the neighborhood, not the property) ranks 181 out of 580 metro neighborhoods and sits in the top quartile nationally, signaling steady renter demand and potential lease retention.
Rents in the neighborhood trend above national medians (73rd percentile), while the rent-to-income profile indicates manageable affordability pressure, supporting collections and renewal strategies. Median home values are also above national averages (64th percentile), which in practice can sustain reliance on multifamily housing and reinforce pricing discipline for competitive assets.
Within a 3-mile radius, demographic data show population growth and an increase in households, alongside a highly educated resident base (neighborhood bachelor s share benchmarks strongly at the 97th national percentile). The 3-mile area reflects roughly a balanced tenure mix with about half of housing units renter-occupied, implying a deep tenant base and consistent demand for professionally managed apartments.
Vintage matters: with a 2012 construction year versus a neighborhood average around 2009, the property skews newer. That typically enhances competitive positioning against older inventory while still warranting mid-life capital planning for building systems and common areas to sustain rent premiums and leasing velocity.
Safety indicators for the neighborhood are mixed and should be monitored. Relative to the Columbus metro, the neighborhood s crime rank is 382 out of 580 neighborhoods, which is below the metro median. Nationally, the area benchmarks around the 19th percentile, indicating it experiences more crime than many U.S. neighborhoods.
Recent year-over-year estimates indicate increases in both property and violent offense rates at the neighborhood level. Investors may want to track trend direction and emphasize on-site measures (lighting, access control) and resident engagement to support retention, particularly during renewal cycles.
The location taps into a diversified employment base spanning retail, utilities, beverages, and financial services, supporting workforce housing demand and commute convenience for residents. Employers highlighted below reflect nearby corporate offices and headquarters that can underpin leasing stability.
- L Brands — corporate offices (3.6 miles) — HQ
- Wesco Distribution — corporate offices (6.6 miles)
- Dr Pepper Snapple Group — corporate offices (7.8 miles)
- Nationwide — corporate offices (11.9 miles) — HQ
- American Electric Power — corporate offices (12.1 miles) — HQ
The investment case centers on demand resilience and competitive positioning. Neighborhood occupancy is strong relative to both metro and national benchmarks, and within 3 miles the renter pool is expanding alongside household growth—factors that typically support stable tenancy and measured rent growth. Based on commercial real estate analysis from WDSuite, local rents sit above national medians while rent-to-income levels suggest room for thoughtful pricing without materially straining retention.
Constructed in 2012, the asset benefits from being newer than much of the surrounding inventory, offering an edge on unit finishes and systems. Proximity to major employers across headquarters and corporate operations broadens the resident demand base. Near-term focus should include mid-life capital planning and ongoing monitoring of neighborhood safety trends and limited walkable amenities, which can be mitigated through property-level enhancements and targeted marketing to car-oriented renters.
- High neighborhood occupancy supports leasing stability and renewal performance
- 2012 vintage offers competitive positioning versus older suburban stock
- Household and renter pool expansion within 3 miles enlarges the tenant base
- Nearby corporate employers (including multiple HQs) underpin demand across income bands
- Risks: monitor neighborhood safety trends and car-oriented amenity access; plan for mid-life CapEx