| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 45th | Fair |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11461 NW 44th St, Coral Springs, FL, 33065, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | 2007-04-12 |
| Transaction Price | $520,000 |
| Buyer | L & P APARTMENT INC |
| Seller | KHEMRAJ LORNA PAUL |
11461 NW 44th St Coral Springs 20-Unit Multifamily
Neighborhood occupancy in Coral Springs remains strong and supports stable leasing, according to WDSuite’s CRE market data. This 20-unit asset benefits from steady renter demand in an inner-suburban location with solid daily-needs access.
The property sits in an Inner Suburb of Coral Springs that ranks 73 out of 345 neighborhoods in the Fort Lauderdale–Pompano Beach–Sunrise metro—competitive among metro submarkets for investors screening multifamily. Daily-needs access is a strength: grocery and restaurant density test in the upper national percentiles, while park access is also above average; pharmacy options are limited locally. These location fundamentals translate into durable renter appeal, based on WDSuite’s commercial real estate analysis.
Neighborhood occupancy is elevated and sits in the top decile nationally, reinforcing expectations for leasing stability at nearby assets. The share of housing units that are renter-occupied is meaningful, indicating depth in the tenant base and consistent demand for professionally managed apartments. Rent-to-income metrics are relatively favorable compared with many U.S. neighborhoods, which can support renewal rates and reduce turnover risk.
Within a 3-mile radius, population and household counts have expanded in recent years, and forecasts point to further household growth alongside modest declines in average household size—dynamics that typically broaden the renter pool and support occupancy. Higher median home values locally signal a high-cost ownership market, which tends to sustain reliance on multifamily rentals and can aid pricing power where quality and convenience are clear.
Vintage in the immediate area is similar to late-1980s suburban stock, keeping the competitive set relatively even on age; in this context, positioning, upkeep, and amenity execution matter more than age alone. Overall the neighborhood’s A- rating and above-median metro rank provide a constructive backdrop for hold-level performance, with the main livability gap being limited pharmacy availability.
Comparable neighborhood safety data is not available in WDSuite for this location at this time. Investors typically evaluate crime and safety trends relative to Coral Springs and the broader Fort Lauderdale–Pompano Beach–Sunrise metro, supplementing with local law enforcement reports and insurance feedback to gauge trajectory and any hotspot considerations.
Given the absence of ranked metrics here, prudent underwriting would incorporate regional benchmarks and recent trend reviews rather than block-level assumptions.
Proximity to diversified employers supports renter retention and commute convenience, with healthcare, retail headquarters, logistics, and corporate services within practical drive times.
- Tenet Healthcare Corporation, Florida Region — healthcare services (1.3 miles)
- Office Depot — office supplies/corporate (12.8 miles) — HQ
- AutoNation — automotive retail/corporate (14.2 miles) — HQ
- Johnson & Johnson — pharmaceuticals & medical products (26.3 miles)
- Ryder System — logistics & transportation (29.5 miles) — HQ
This 20-unit asset benefits from a competitive Coral Springs submarket where neighborhood occupancy trends are strong and renter concentration provides a consistent tenant base. Elevated home values indicate a high-cost ownership market, which typically sustains multifamily demand and supports pricing power when asset quality and management execution are aligned. Within a 3-mile radius, population and household growth, alongside smaller average household sizes, suggest an expanding renter pool that can underpin steady absorption and renewal performance. These dynamics are corroborated by WDSuite’s CRE market data, which points to strong neighborhood occupancy and solid amenity access.
Operationally, relative rent-to-income levels are manageable versus many U.S. neighborhoods, a positive for retention and collections. Key watch items include limited pharmacy presence in the immediate area and broader exposure to service-oriented employment cycles typical of South Florida; both are manageable with disciplined leasing and marketing strategies.
- Strong neighborhood occupancy supports leasing stability and renewal performance.
- Renter-occupied housing share indicates depth of tenant demand for professionally managed units.
- High-cost ownership market reinforces reliance on rentals, aiding pricing power.
- 3-mile household growth and smaller household sizes expand the renter pool.
- Risks: limited nearby pharmacy options and sensitivity to service-sector cycles.