| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 45th | Fair |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11401 NW 35th St, Coral Springs, FL, 33065, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1991 |
| Units | 27 |
| Transaction Date | 2002-02-28 |
| Transaction Price | $1,800,000 |
| Buyer | ROLTY PROPERTIES INC |
| Seller | NORAPT INC |
11401 NW 35th St Coral Springs Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is supported by family-sized layouts, according to WDSuite’s CRE market data. The 1991-vintage, 27-unit asset with larger floor plans positions for steady retention in an Inner Suburb location.
Coral Springs’ Inner Suburb setting offers daily convenience that supports leasing stability. Grocery access scores in a high national percentile, with restaurants, cafes, parks, and childcare density also testing above most U.S. neighborhoods. Within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood ranks competitively on overall livability (73 of 345), indicating a balanced amenity mix investors typically seek for workforce and family renters. Pharmacy availability is thinner than peers, which is a manageable services gap to note in underwriting.
Occupancy at the neighborhood level is among the metro’s stronger readings (rank 31 of 345) and sits in the top quartile nationally, a favorable signal for lease-up and renewal consistency. Median contract rents benchmark above many U.S. neighborhoods while rent-to-income remains comparatively moderate, suggesting some pricing power but the need for disciplined lease management to protect retention.
Tenure patterns point to a meaningful renter base. Neighborhood renter-occupied share is elevated relative to many suburbs, indicating depth in the tenant pool for multifamily assets. In the broader 3-mile radius, households have expanded over the last five years and are projected to grow further, which supports a larger tenant base and occupancy stability. These demographic statistics are aggregated within a 3-mile radius and, based on commercial real estate analysis from WDSuite, point to continued demand for well-located multifamily.
Ownership costs in the area are high compared with national norms, which tends to reinforce reliance on rental housing and can aid lease retention for quality properties. With an average construction year slightly older than this asset, the 1991 vintage is competitively positioned versus neighborhood stock, though investors should still plan for system updates or targeted renovations to maintain positioning.
Comparable neighborhood safety data are limited in this release. Investors should evaluate official city and county sources and multi-year trends for Coral Springs and the wider Fort Lauderdale–Pompano Beach–Sunrise metro to contextualize risk. A prudent approach is to compare neighborhood-level patterns to metro baselines and emphasize property-level measures that support resident confidence.
- Tenet Healthcare Corporation, Florida Region — healthcare services (2.0 miles)
- Office Depot — corporate offices (13.3 miles) — HQ
- AutoNation — corporate offices (13.5 miles) — HQ
- Johnson & Johnson — corporate offices (25.5 miles)
- Ryder System — corporate offices (28.7 miles) — HQ
Nearby employers provide a diversified white-collar and healthcare employment base that supports renter demand and commute convenience, including Tenet Healthcare, Office Depot, AutoNation, Johnson & Johnson, and Ryder System.
This 27-unit property combines strong neighborhood occupancy, a sizable renter base, and larger-than-typical floor plans (avg. ~1,217 sq. ft.) to position for stable cash flow. According to CRE market data from WDSuite, the immediate neighborhood performs competitively within the Fort Lauderdale–Pompano Beach–Sunrise metro and ranks in higher national percentiles for daily amenities, supporting leasing durability.
Built in 1991, the asset is slightly newer than the neighborhood average, offering relative competitiveness versus older stock while still benefiting from targeted modernization to capture value-add upside. Elevated home values in the area tend to sustain renter reliance on multifamily housing, while rent-to-income levels indicate room for measured rent optimization with attention to retention. Demographic trends within a 3-mile radius—growth in households today with further gains projected—support a larger tenant base over time.
- High neighborhood occupancy and competitive metro ranking support leasing stability.
- Large-unit layouts align with family renters and drive renewal potential.
- 1991 vintage offers relative competitiveness with selective renovation upside.
- Elevated ownership costs reinforce rental demand; manage pricing to protect retention.
- Monitor service gaps (e.g., limited pharmacy presence) and operating costs as potential risks.