| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 66th | Good |
| Amenities | 42nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11400 Lakeview Dr, Coral Springs, FL, 33071, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1991 |
| Units | 100 |
| Transaction Date | 1990-04-01 |
| Transaction Price | $903,571 |
| Buyer | AVAILABLE NOT |
| Seller | AVAILABLE NOT |
11400 Lakeview Dr Coral Springs Multifamily Investment
Neighborhood occupancy is reported at 97.7%, indicating stable renter demand in this Inner Suburb of Broward County, according to WDSuite’s CRE market data. This stability supports consistent leasing performance for assets serving Coral Springs and adjacent employment corridors.
Situated in Coral Springs within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood carries a B+ rating and performs above the metro median on several housing and demographic indicators, based on WDSuite’s multifamily property research. Neighborhood occupancy ranks among the top quartile of 345 metro neighborhoods, pointing to steady absorption and limited downtime between turns for well-positioned assets.
Livability fundamentals skew family-friendly: average school ratings are around 4.0 out of five and park access is strong (top quartile nationally), which tend to support retention for renters prioritizing schools and outdoor amenities. Food-and-beverage density is thinner locally, with fewer cafes and restaurants than typical, so convenience retail is more dispersed relative to core urban submarkets.
Home values in the neighborhood are elevated versus national norms, and median asking rents are also higher than most areas. In investor terms, a high-cost ownership market can sustain multifamily demand by keeping the renter pool engaged longer, while a rent-to-income ratio near the upper‑20% range suggests manageable affordability pressure that can aid renewals when paired with disciplined lease management.
Demographic statistics aggregated within a 3‑mile radius show recent population growth with a faster increase in households than population, indicating smaller household sizes and a larger tenant base over time. The renter-occupied share in the 3‑mile area is roughly one‑third of housing units, providing depth for a range of floor plans while still competing with ownership for higher‑income cohorts. Looking forward, projections point to additional household growth, which should support occupancy stability and broaden the pool of prospective renters.
WDSuite’s current release does not publish a neighborhood crime rank for this location, so investors often benchmark conditions against city and county trend reports to contextualize risk. At the asset level, standard measures—lighting, access control, and management visibility—remain practical levers for supporting tenant retention and minimizing incident-driven turnover.
Given the broader suburban context, many owners also evaluate commute patterns and evening activity levels as part of underwriting, comparing property performance to similar Inner Suburb assets across the metro rather than relying on block-level assumptions.
Proximity to regional employers underpins steady renter demand, with nearby healthcare, automotive retail headquarters, office supplies headquarters, healthcare & consumer products offices, and logistics headquarters providing diverse white‑ and blue‑collar employment within commuting range.
- Tenet Healthcare Corporation, Florida Region — healthcare services (3.7 miles)
- AutoNation — automotive retail (12.3 miles) — HQ
- Office Depot — office supplies (14.5 miles) — HQ
- Johnson & Johnson — healthcare & consumer products offices (23.9 miles)
- Ryder System — logistics (27.1 miles) — HQ
Built in 1991, the asset is slightly newer than the neighborhood average vintage, offering competitive positioning versus older stock while still presenting typical 1990s systems and common-area updates as potential value‑add levers. Neighborhood fundamentals are supportive: occupancy is top quartile in the metro, school ratings are solid, and park access is strong, all of which contribute to resident stickiness and leasing continuity. Elevated home values in the area reinforce reliance on multifamily housing and can support pricing power when paired with thoughtful renewal strategies.
Within a 3‑mile radius, recent population growth and a faster rise in households signal a growing tenant base, with projections indicating further expansion that should help sustain occupancy and broaden demand for a 100‑unit community. According to CRE market data from WDSuite, local rents and incomes sit above national norms, suggesting an income profile that can support stabilized performance while still requiring active affordability and renewal management.
- Top‑quartile neighborhood occupancy supports consistent leasing and reduced downtime
- 1991 vintage offers modernization and amenity repositioning upside versus older comparables
- Elevated home values sustain renter reliance on multifamily, aiding retention
- 3‑mile household growth expands the tenant base and supports occupancy stability
- Risks: thinner nearby F&B/retail density and affordability management as rents trend high