| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 68th | Good |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 460 Windmill Dr, Marysville, OH, 43040, US |
| Region / Metro | Marysville |
| Year of Construction | 1981 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
460 Windmill Dr, Marysville OH Multifamily Asset
Located in an Inner Suburb setting with top-quartile neighborhood occupancy and a renter-occupied share near half, this 30-unit property offers exposure to stable demand drivers, according to WDSuite s CRE market data. The submarket s strength is supported by above-median incomes and steady household expansion that can underpin leasing durability.
Marysville s neighborhood context (Columbus, OH metro) is rated A and ranks 95 out of 580 neighborhoods, placing it in the top quartile among metro peers. The area is characterized as an Inner Suburb with strong occupancy dynamics and NOI per unit performance in the top quartile nationally, based on CRE market data from WDSuite.
Livability indicators show balanced essentials: grocery access trends slightly above national medians while park access sits above the national midpoint. Dining and caf densities are limited locally, which may temper walk-to-amenity appeal, but day-to-day services remain reasonably accessible for residents.
Tenure patterns indicate an above-metro-median renter concentration at the neighborhood level, which points to a deeper tenant base and supports multifamily leasing stability. Within a 3-mile radius, demographics show population growth over the past five years with additional growth forecast, alongside a notable increase in households signals of a larger renter pool and demand support for occupancy. Median incomes in the 3-mile radius are solid, which can aid rent collections and lease retention.
The property s 1981 vintage is older than the neighborhood s average construction year (2006). Investors should underwrite capital planning and potential value-add scope to modernize interiors and systems, which can enhance competitive positioning versus newer stock while targeting durable cash flow.
Safety indicators are favorable relative to national benchmarks: the neighborhood sits in the top quartile nationally for lower crime, with both violent and property offenses trending better than the U.S. average. Within the Columbus metro, the area is competitive on safety, and recent year-over-year declines in estimated offense rates indicate improving conditions. As always, investors should assess property-level security measures and local trendlines over multiple years rather than relying on a single snapshot.
Proximity to corporate offices and logistics nodes supports workforce housing demand and commute convenience, particularly tied to Parker-Hannifin, Cardinal Health, Fuse by Cardinal Health, Staples, and Big Lots.
- Parker-Hannifin Corporation corporate offices (2.9 miles)
- Cardinal Health corporate offices (15.7 miles) HQ
- Fuse by Cardinal Health corporate innovation offices (16.7 miles)
- Staples Fulfillment Center fulfillment & distribution (22.5 miles)
- Big Lots corporate offices (23.2 miles) HQ
460 Windmill Dr offers exposure to a top-quartile Columbus-metro neighborhood with strong occupancy and NOI characteristics. Within a 3-mile radius, expanding population and households point to a larger tenant base, while solid local incomes help support rent collections and retention. Dining density is limited, but day-to-day services are present and parks access is comparatively strong. According to CRE market data from WDSuite, neighborhood occupancy performance is well above national medians, underscoring stability.
Built in 1981, the asset is older than the neighborhood s average vintage, suggesting a clear value-add path via unit modernization and systems upgrades. Investors should also weigh leasing strategies against a high-cost homeownership backdrop in the area, which can reinforce multifamily reliance and support pricing power when managed alongside rent-to-income considerations.
- Top-quartile neighborhood fundamentals with strong occupancy and NOI relative to peers
- Expanding 3-mile population and households support a larger tenant base and leasing stability
- Solid local incomes enhance collections and renewal prospects
- Value-add upside from 1981 vintage via interior and systems modernization
- Risk: limited dining/caf density nearby may modestly affect walkable amenity appeal