| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 47th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3331 Coral Hills Dr, Coral Springs, FL, 33065, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1972 |
| Units | 21 |
| Transaction Date | 2025-04-16 |
| Transaction Price | $8,650,000 |
| Buyer | HCI CORAL HILLS LLC |
| Seller | GREENACRE APARTMENTS LLC |
3331 Coral Hills Dr Coral Springs Multifamily Investment
Renter demand is supported by a high-cost ownership landscape and a strong neighborhood amenity base, according to WDSuite’s commercial real estate analysis. The property’s older vintage points to potential value-add upside if renovations are planned and executed thoughtfully.
Located in Coral Springs’ Inner Suburb setting, the neighborhood is rated A- and ranks 89 of 345 in the Fort Lauderdale–Pompano Beach–Sunrise metro, making it competitive among metro neighborhoods. Amenity access is a relative strength: cafes, childcare, groceries, restaurants, and pharmacies all test in the top decile nationally, which tends to support daily convenience and renter retention.
Schools average about 3.0 out of 5 and sit above the national median, a pragmatic draw for family renters. Park access is limited locally, which may require positioning toward convenience- and commute-oriented households rather than outdoor amenity seekers.
Home values are elevated for the neighborhood by national standards (upper quartile nationally), and the value-to-income ratio trends high, indicating a high-cost ownership market. For multifamily investors, this typically sustains reliance on rentals and can support pricing power, while a rent-to-income ratio near the national midrange suggests manageable affordability pressure and potential for steadier renewals.
Within a 3-mile radius, population and households have expanded over the last five years, with households growing faster than population and household sizes trending smaller. This dynamic points to a larger tenant base and more one- to two-person households entering the market, which can favor smaller unit formats. Looking ahead, WDSuite’s CRE market data indicates continued household growth through the forecast window, reinforcing demand depth for multifamily.
The neighborhood’s average construction year skews newer than this property (1983 vs. 1972). For investors, an older asset may trail newer comparables on finishes and systems, but it also opens renovation and repositioning strategies to close the competitive gap and capture rent premiums where returns pencil, based on disciplined multifamily property research.
Safety indicators compare favorably at the national level. Violent offense rates score in the top quartile nationally, and property offense rates also test strong versus U.S. neighborhoods, with both categories showing slight year-over-year improvement. That said, conditions can vary within metros and over time; prudent underwriting should corroborate recent local trends and property-level security considerations.
Proximity to healthcare and corporate headquarters supports a stable renter base seeking commute convenience. Nearby employers include Tenet Healthcare, Office Depot, AutoNation, Johnson & Johnson, and Ryder System.
- Tenet Healthcare Corporation, Florida Region — healthcare services (2.7 miles)
- Office Depot — office supplies HQ & corporate (12.3 miles) — HQ
- AutoNation — auto retail corporate (12.5 miles) — HQ
- Johnson & Johnson — life sciences offices (25.5 miles)
- Ryder System — logistics & leasing corporate (29.0 miles) — HQ
Built in 1972 with 21 units, this property is older than the neighborhood’s average vintage, positioning it for targeted value-add and systems modernization to improve competitive standing versus newer stock. Demand fundamentals are constructive: elevated ownership costs locally reinforce reliance on rentals, renter-occupied share in the neighborhood runs high compared with the national landscape, and amenity density is a clear advantage for retention. According to CRE market data from WDSuite, occupancy in the surrounding neighborhood has softened versus five years ago, which argues for conservative lease-up assumptions and active asset management while still benefiting from a deep tenant pool.
Within a 3-mile radius, population has grown and households have expanded at a faster pace with smaller average household sizes, supporting renter pool expansion and steady absorption—particularly for efficient layouts. Together, these dynamics point to a pragmatic thesis: pair renovation-driven revenue upside with disciplined expense control and a leasing strategy calibrated to a convenience-oriented, commuter workforce.
- Older 1972 vintage creates value-add and systems upgrade potential versus newer neighborhood stock
- High-cost ownership market supports rental reliance and can bolster pricing power and retention
- Dense amenity base and proximity to major employers underpin tenant demand and lease stability
- Household growth and shrinking sizes within 3 miles expand the renter base, favoring efficient units
- Risk: neighborhood occupancy has softened; underwriting should assume conservative lease-up and active management