| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 49th | Fair |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11401 Royal Palm Blvd, Coral Springs, FL, 33065, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1982 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11401 Royal Palm Blvd Coral Springs Multifamily Investment
Inner-suburb fundamentals in Coral Springs point to steady renter demand and resilient occupancy, according to WDSuite’s CRE market data. Neighborhood rents and home values trend above national norms, suggesting durable pricing power for well-managed assets.
Located in Coral Springs’ inner-suburban fabric, the property benefits from neighborhood occupancy that is competitive among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods (ranked 129 out of 345), supporting income stability for multifamily operators. The share of housing units that are renter-occupied is comparatively high for the metro (ranked 49 out of 345), reinforcing depth of tenant demand across product tiers.
Amenity access is mixed: grocery and childcare availability score above national averages, while parks, pharmacies, and cafes are less concentrated nearby. For investors, this typically favors day-to-day convenience but limits lifestyle-driven premiums compared with denser urban nodes. Neighborhood housing indicators sit in the top quartile nationally, and NOI per unit trends in the upper decile, signaling efficient operations potential relative to many U.S. submarkets, based on WDSuite’s commercial real estate analysis.
Within a 3-mile radius, demographics show population and household growth over the last five years, with projections indicating further expansion and a gradual reduction in average household size. This combination generally enlarges the renter pool and supports occupancy stability, particularly for well-positioned, mid-market communities.
Ownership costs are elevated locally relative to national benchmarks, while neighborhood rents sit in the upper national percentiles. That dynamic tends to sustain reliance on multifamily housing and can underpin renewal velocity, though investors should monitor rent-to-income levels for affordability pressure and retention risk.
Safety indicators are favorable in a national context: the neighborhood’s overall crime positioning sits in the top quartile among 345 metro neighborhoods, and both property and violent offense measures are stronger than most areas nationwide. These comparative trends suggest supportive conditions for tenant retention and leasing.
Recent year-over-year shifts show some volatility, especially in violent offense trends, warranting routine monitoring alongside property-level security and lighting improvements as standard risk management. Comparative framing remains constructive, but prudent underwriting should reflect potential fluctuations over time.
Proximity to established employers supports a diversified renter base and commute convenience, led by healthcare and regional corporate offices listed below.
- Tenet Healthcare Corporation, Florida Region — healthcare services (3.1 miles)
- AutoNation — automotive retail (12.7 miles) — HQ
- Office Depot — office supplies (14.0 miles) — HQ
- Johnson & Johnson — healthcare & consumer products (24.5 miles)
- Ryder System — logistics & transportation (27.7 miles) — HQ
This 22-unit multifamily property is positioned in an inner-suburban neighborhood where occupancy is competitive among 345 metro peers and renter-occupied housing concentration is high for the area. Together with elevated home values, these dynamics generally support a deep tenant base and steady leasing, while the broader 3-mile area shows population and household growth that can expand the renter pool. According to CRE market data from WDSuite, neighborhood rents and NOI performance benchmarks are above national norms, indicating potential for durable income if operations are managed efficiently.
Investor focus should include balanced pricing strategy and resident retention programs, as rent-to-income levels indicate some affordability pressure. Amenity access favors essentials like groceries and childcare, though fewer lifestyle amenities nearby may temper premium positioning, reinforcing the case for clean operations, targeted upgrades, and service-driven differentiation over luxury spend.
- Competitive neighborhood occupancy and strong renter concentration support demand stability.
- Elevated home values versus national norms reinforce reliance on multifamily housing and renewal potential.
- 3-mile radius shows growing households and a gradually expanding renter pool, supportive of lease-up and retention.
- NOI benchmarks above national averages suggest operational upside for disciplined management.
- Risks: affordability pressure (rent-to-income), uneven lifestyle amenities, and normal safety trend variability warrant proactive asset management.