| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 64th | Good |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3968 Cocoplum Cir, Coconut Creek, FL, 33063, US |
| Region / Metro | Coconut Creek |
| Year of Construction | 1986 |
| Units | 106 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3968 Cocoplum Cir, Coconut Creek FL Multifamily Investment
Neighborhood occupancy is steady with improving leasing momentum and strong amenity access, according to WDSuite’s CRE market data. The area’s renter demand is supported by a balanced renter-occupied base and a high-cost ownership landscape that can sustain pricing power.
This inner-suburb location in Coconut Creek sits within an A-rated neighborhood that is competitive among Fort Lauderdale-Pompano Beach-Sunrise neighborhoods. Parks, pharmacies, restaurants, cafes, and grocery options are dense for the area, with parks and daily-needs retail scoring in the top quartile nationally. These amenities help support resident retention and reduce friction for day-to-day living.
Neighborhood multifamily fundamentals are healthy. Occupancy in the neighborhood is above national medians and has risen over the last five years, which supports underwriting for stable collections and lower downtime between turns, based on CRE market data from WDSuite. The local renter-occupied share is in the upper 30s, indicating a meaningful tenant base while still drawing from a broad pool of owner households transitioning to rentals.
Within a 3-mile radius, households have expanded even as population has been roughly flat, reflecting smaller average household sizes. Forward-looking projections indicate further increases in household counts through the next five years, which can translate into a larger tenant base and sustained leasing velocity. Median incomes have trended upward, aligning with steady rent growth observed at the neighborhood level.
Ownership costs are relatively high versus local incomes, which tends to reinforce reliance on multifamily housing rather than draw renters into entry-level ownership. That backdrop, paired with accessible amenities and above-median neighborhood occupancy, underpins demand depth for professionally managed rentals without relying on outsized in-migration.
Safety indicators compare modestly better than national norms overall. Property offenses trend stronger than average nationally and have improved notably year over year, while violent offense measures are closer to national averages. Taken together, recent momentum suggests incremental improvement rather than a structural shift, and investors should continue to monitor trend lines alongside submarket comparables.
Nearby employers provide a diversified base of healthcare, retail headquarters, automotive retail, pharmaceuticals, and logistics. This mix supports workforce housing demand and commute convenience that can aid leasing stability for the surrounding neighborhood.
- Tenet Healthcare Corporation, Florida Region — healthcare services (6.0 miles)
- Office Depot — office supplies (10.1 miles) — HQ
- AutoNation — automotive retail (10.8 miles) — HQ
- Johnson & Johnson — pharmaceuticals & medical devices (26.2 miles)
- Ryder System — logistics & transportation (30.4 miles) — HQ
3968 Cocoplum Cir benefits from a strong suburban location where neighborhood occupancy sits above national medians and has improved in recent years, according to CRE market data from WDSuite. Dense parks and daily-needs retail score in the top quartile nationally, supporting retention and day-to-day convenience. A renter-occupied share in the upper 30s provides a meaningful tenant base, while elevated ownership costs relative to incomes tend to sustain rental demand rather than pull residents into entry-level homeownership.
Within a 3-mile radius, households have grown and are projected to expand further even as average household size trends lower. This implies more, smaller households entering the market — a dynamic that can support occupancy stability and leasing velocity. Rising local incomes and observed rent growth, paired with diversified nearby employment, round out an investment case centered on durable demand with measured affordability management.
- Above-median neighborhood occupancy with positive 5-year trend supports stable collections
- Amenity-rich setting (parks, daily-needs retail) ranks in the top quartile nationally, aiding retention
- Balanced renter concentration and high-cost ownership backdrop reinforce rental demand depth
- 3-mile household growth and smaller household sizes expand the renter pool and support lease-up
- Risk: elevated rent-to-income levels require active lease management to mitigate turnover and concessions