| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 53rd | Good |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 812 Pro Dr, Celina, OH, 45822, US |
| Region / Metro | Celina |
| Year of Construction | 1991 |
| Units | 48 |
| Transaction Date | 1991-07-11 |
| Transaction Price | $52,800 |
| Buyer | EASTOWN VILLAGE LIMITED PTR |
| Seller | --- |
812 Pro Dr, Celina OH Multifamily Investment
Neighborhood-level occupancy remains strong and renter demand appears durable for workforce housing, according to WDSuite’s CRE market data. With a balanced renter base and steady local services, the asset profile supports income stability with measured upside.
Rated A and ranked 2 out of 20 Celina-area neighborhoods, this Inner Suburb location sits in the top quartile locally, signaling competitive livability and investment appeal. Neighborhood occupancy is reported at 96.5% (top quintile nationally), which supports the case for stable leasing conditions at the submarket level rather than at the property.
Daily-needs access is practical: grocery and pharmacy density rank near the top of the local set, while cafés are moderate and parks and childcare are limited. Average school ratings trend slightly above national norms, which can support family-oriented renter retention, though amenity gaps (notably parks and childcare) may cap some lifestyle-driven premium.
Renter-occupied housing accounts for roughly one-third of neighborhood units, indicating a meaningful but not dominant renter concentration. Median contract rents are modest relative to local incomes and the rent-to-income ratio trends low, which can lessen affordability pressure and support lease retention; however, a more accessible ownership market may temper near-term pricing power.
Within a 3-mile radius, population and households have grown over the past five years and are projected to expand further, pointing to a larger tenant base over time. This growth backdrop, combined with steady neighborhood fundamentals, is favorable for multifamily property research focused on occupancy durability and consistent renewal activity.
Built in 1991, the property is slightly newer than the neighborhood’s average vintage from the late 1980s, suggesting relative competitiveness versus older stock; investors should still plan for selective system upgrades and modernization to support rent positioning and operating efficiency.
Safety indicators are mixed when viewed in context. At the metro level, the neighborhood’s crime ranking sits near the middle of 20 neighborhoods, indicating conditions that are broadly comparable to Celina-area norms rather than an outlier.
Nationally, property and violent offense measures trend around the middle to somewhat better-than-average range, pointing to generally typical risk for similar U.S. neighborhoods. Recent year-over-year shifts show a decline in property offenses but an uptick in violent offenses, which merits continued monitoring. As always, investors should evaluate property-level security practices and engage local management for on-the-ground trend confirmation.
This 48-unit, 1991-vintage asset benefits from a neighborhood with high reported occupancy and a renter base supported by practical amenities and steady services. Median rents remain modest relative to incomes, reinforcing retention and absorption for workforce tenants while leaving room for targeted value capture through renovations and operational execution. Based on CRE market data from WDSuite, the area’s top-quartile neighborhood standing and stable demand drivers support an income-focused thesis with measured upside rather than a purely growth-dependent play.
Relative to older local stock, the vintage provides competitive positioning, and selective modernization can enhance leasing velocity and renewal spreads. Demographic trends within a 3-mile radius point to a growing tenant pool over time; countervailing risks include limited lifestyle amenities (parks/childcare), potential competition from accessible ownership options, and mixed safety signals that call for active management.
- High neighborhood occupancy and steady renter base support income stability.
- 1991 vintage offers competitive positioning versus older stock with value-add potential through upgrades.
- Rents modest relative to incomes aid retention and consistent renewal activity.
- Demand outlook supported by projected population and household growth within 3 miles.
- Risks: limited parks/childcare amenities, accessible ownership alternatives, and mixed safety trends requiring monitoring.