| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 49th | Fair |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10700 W Sample Rd, Coral Springs, FL, 33065, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1996 |
| Units | 117 |
| Transaction Date | --- |
| Transaction Price | $9,908,700 |
| Buyer | BARRINGTON CLUB APT LTD |
| Seller | JOHNSON ELBRIDGE S |
10700 W Sample Rd Coral Springs Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-median occupancy for Coral Springs, according to WDSuite’s CRE market data. For investors, the area’s renter depth and ownership cost context support leasing stability with disciplined rent management.
This Inner Suburb location in Coral Springs balances day-to-day convenience with solid renter demand drivers. Neighborhood grocery access ranks strong versus peers (nationally high percentile), and childcare density is competitive, while cafes and parks are less concentrated. For investors, this mix supports practical livability for family and workforce renters even without destination-style amenities.
Operationally, the neighborhood’s occupancy is 94.3% and has trended up over the past five years, placing performance above the national median, based on CRE market data from WDSuite. The share of housing units that are renter-occupied is about 55% at the neighborhood level, indicating a deep tenant base that can help sustain leasing velocity through typical seasonality.
Home values in the area are elevated relative to many U.S. neighborhoods, and the value-to-income ratio sits in a high national percentile. That high-cost ownership market tends to reinforce reliance on multifamily housing, which can aid tenant retention and pricing power. At the same time, a neighborhood-level rent-to-income ratio near 0.32 points to affordability pressure, suggesting attention to renewal strategies and unit mix positioning.
Within a 3-mile radius, population and households have expanded in recent years with additional growth expected, and median household incomes are rising alongside forecast rent gains. This points to a larger tenant base and potential for sustained occupancy, provided rent growth is calibrated to local income trends.
The property’s 1996 vintage is newer than the neighborhood’s average construction year (1982). That relative youth can support competitive positioning versus older stock; investors should still plan for selective system refreshes and modernization to capture value-add upside where feasible.
Neighborhood safety trends are mixed but comparatively favorable in key areas. Overall crime sits above the metro median, translating to competitive positioning among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods (top quartile among 345 metro neighborhoods). Property crime is especially favorable, landing among the safest neighborhoods nationally by percentile, while violent crime also benchmarks stronger than many U.S. areas.
Recent change metrics indicate that some violent offense categories rose year over year, so investors should monitor trend updates alongside property-level security and lighting programs. Taken together, the profile suggests relatively favorable conditions versus national benchmarks with attention to near-term momentum.
Proximity to healthcare and corporate headquarters underpins a diverse employment base that supports renter demand and commute convenience for workforce tenants. Nearby anchors include Tenet Healthcare, Office Depot, AutoNation, Johnson & Johnson, and Ryder System.
- Tenet Healthcare Corporation, Florida Region — healthcare services (2.3 miles)
- Office Depot — corporate offices (12.9 miles) — HQ
- AutoNation — automotive retail corporate (13.0 miles) — HQ
- Johnson & Johnson — healthcare & consumer products (25.4 miles)
- Ryder System — logistics & transportation (28.7 miles) — HQ
This 117-unit asset benefits from neighborhood occupancy above the national median and a renter-occupied concentration around 55% at the neighborhood level, indicating a durable tenant base. Elevated ownership costs locally tend to sustain multifamily demand, while 3-mile demographic growth and rising incomes point to a larger renter pool over the next cycle. According to CRE market data from WDSuite, operational benchmarks in the area compare favorably to national norms, supporting a case for stable leasing with disciplined affordability management.
Built in 1996, the property is newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock. Targeted system upgrades and interior modernization can unlock value-add potential, particularly if paired with thoughtful unit mix and renewal strategies calibrated to rent-to-income dynamics.
- Occupancy above national median and rising, supporting leasing stability.
- Renter-occupied share near 55% at the neighborhood level indicates depth of tenant demand.
- Elevated ownership costs reinforce reliance on multifamily housing, aiding retention and pricing power.
- 1996 vintage provides competitive positioning with value-add potential via selective upgrades.
- Risk: rent-to-income pressures and uneven amenity density call for careful renewal and pricing strategy.