| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 73rd | Best |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 806 Bright Rd, Findlay, OH, 45840, US |
| Region / Metro | Findlay |
| Year of Construction | 2012 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
806 Bright Rd Findlay Multifamily Investment
Neighborhood occupancy has been stable and renter demand is supported by nearby employers, according to WDSuite’s CRE market data. Metrics cited for occupancy and amenities refer to the surrounding neighborhood, not the property.
Situated in a suburban pocket of Findlay rated A+ and ranked 2nd among 31 metro neighborhoods, the area offers balanced livability with investment-friendly fundamentals. Neighborhood occupancy is strong relative to national peers (around the 72nd percentile), supporting income stability for well-positioned assets.
Amenities skew toward daily convenience: cafes rank competitive among metro peers (top quartile, 3rd of 31) and restaurants are likewise strong (4th of 31). Grocery access is solid (6th of 31), while parks and pharmacies are limited within the neighborhood (both ranked 31st of 31). Average school ratings hover near 3.0 out of 5 and are above the metro median (6th of 31), offering a baseline draw for family-oriented renters.
The property’s 2012 vintage is newer than the neighborhood’s average 1989 construction year, which can enhance competitive positioning versus older stock while keeping near-term capital needs more predictable; future system updates or light repositioning may still be considered within standard capital planning horizons.
Within a 3-mile radius, demographics indicate a resilient renter base: renter-occupied housing accounts for roughly two-fifths of units (about 42%), signaling depth for multifamily leasing. Income levels have strengthened in recent years, and the neighborhood’s rent-to-income ratio sits in a high national percentile, implying relatively low rent burden that can support retention and measured rent growth. Looking ahead, WDSuite’s data point to modest population movement but a projected increase in households alongside smaller household sizes, which can expand the tenant base and support occupancy.
Home values in the neighborhood sit modestly above national mid-range levels, while value-to-income ratios remain comparatively accessible. For investors, this means rental housing may face some competition from ownership options in certain price bands, yet strong employment access and household incomes help sustain multifamily demand and lease stability.
Safety trends compare favorably within the Findlay metro: the neighborhood’s crime standing is competitive among local areas, landing in the top quartile of 31 neighborhoods. Nationally, however, crime metrics sit below the mid-range, so performance versus U.S. peers is less favorable.
Recent data indicate year-over-year increases in both property and violent offense estimates at the neighborhood level. Investors may want to underwrite with conservative assumptions, emphasize lighting and access controls, and monitor trend lines as part of ongoing risk management.
Proximity to regional headquarters and corporate offices supports a steady workforce renter base and commute convenience, including energy, packaging, automotive, and building materials employers listed below.
- Marathon Petroleum — energy (2.4 miles) — HQ
- Owens-Illinois — glass packaging (32.9 miles) — HQ
- Dana Holding — auto parts (35.9 miles) — HQ
- Owens Corning — building materials (41.2 miles) — HQ
This 2012, 23-unit asset benefits from a high-performing suburban setting where neighborhood occupancy trends are solid and amenities favor daily needs. The property’s newer vintage versus area averages should help it compete against older stock, while 3-mile demographics show a sizable renter pool, strengthening incomes, and a projected increase in households as average household size contracts—factors that can support leasing and retention. Based on CRE market data from WDSuite, rent-to-income levels appear favorable, suggesting headroom for disciplined rent growth while maintaining affordability for the tenant base.
Key considerations include a more accessible ownership landscape that can create competition in some cohorts, national crime comparisons that trail the U.S. median despite stronger metro-relative standing, and limited nearby parks/pharmacies. Even so, proximity to anchor employers and stable neighborhood occupancy provide a foundation for cash flow durability with targeted value-add or operational enhancements.
- Newer 2012 vintage versus local average supports competitive positioning and moderated near-term capex
- Solid neighborhood occupancy and sizable 3-mile renter base underpin leasing stability
- Strengthening incomes and favorable rent-to-income levels support measured pricing power
- Proximity to multiple regional HQs supports workforce demand and retention
- Risks: below-midrange national safety metrics, limited parks/pharmacies, and ownership alternatives may temper rent growth in some cohorts