| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 44th | Fair |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3731 Coral Springs Dr, Coral Springs, FL, 33065, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1984 |
| Units | 28 |
| Transaction Date | 1992-04-01 |
| Transaction Price | $587,143 |
| Buyer | AVAILABLE NOT |
| Seller | AVAILABLE NOT |
3731 Coral Springs Dr Coral Springs Multifamily Opportunity
Neighborhood occupancy remains elevated and stable, supporting cash flow durability at the submarket level according to WDSuite’s CRE market data. These occupancy figures reflect the surrounding neighborhood, not this specific property, and point to steady renter demand in Coral Springs.
Located in Coral Springs’ Inner Suburb fabric within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood scores A- overall and is competitive among 345 metro neighborhoods (ranked 79th), per WDSuite. Amenity access is a relative strength: overall amenity rank sits within the top fifth of the metro (67th of 345), with pharmacies in the top quartile metro-wide (44th of 345) and cafes/groceries also competitive. Nationally, cafes and restaurants trend in the top quartile, indicating daily convenience that supports resident retention.
For schools, average ratings land above the metro median (48th of 345), which tends to bolster family-oriented renter demand. Neighborhood-level occupancy is high and has improved over five years, placing it in the top decile metro-wide (29th of 345) and the top decile nationally. This occupancy measure is for the neighborhood, not the property, but it generally signals leasing stability for comparable multifamily assets.
The property’s 1984 vintage is slightly newer than the neighborhood’s average construction year (1982). That positioning can be competitively favorable versus older stock, though investors should still plan for system upgrades and modernization to meet today’s renter expectations.
Tenure patterns indicate meaningful renter presence: about two-fifths of housing units in the neighborhood are renter-occupied, a level that supports a steady tenant base without overexposure. Within a 3-mile radius, population and households have grown in recent years with further gains projected, pointing to a larger tenant base over time. Median contract rent and household incomes have both risen, and a rent-to-income ratio around one-quarter suggests manageable affordability pressure that can aid lease retention. Elevated home values relative to national benchmarks characterize a high-cost ownership market, which often sustains reliance on multifamily rentals and supports pricing power, subject to local income trends.
Safety indicators are mixed and should be evaluated in context. Overall crime positioning is competitive among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods (90th of 345) and sits modestly above national averages by percentile, according to WDSuite. Property-related offense estimates trend comparatively favorable (top percentile nationally), with recent year-over-year movement improving.
Violent-offense metrics benchmark better than many neighborhoods nationwide by percentile, yet recent year-over-year change indicates volatility and warrants continued monitoring. These figures reflect neighborhood-level patterns rather than conditions at the property and are best interpreted alongside owner operations, lighting, and access controls.
Proximity to healthcare and corporate offices supports workforce housing demand and commute convenience for renters. Notable nearby employers include Tenet Healthcare, Office Depot, AutoNation, Johnson & Johnson, and Ryder System.
- Tenet Healthcare Corporation, Florida Region — healthcare services (2.0 miles)
- Office Depot — corporate offices (12.6 miles) — HQ
- AutoNation — corporate offices (13.2 miles) — HQ
- Johnson & Johnson — corporate offices (25.8 miles)
- Ryder System — corporate offices (29.1 miles) — HQ
3731 Coral Springs Dr is a 28-unit asset positioned in a neighborhood with consistently high occupancy and solid livability fundamentals. Based on CRE market data from WDSuite, neighborhood occupancy trends rank near the top of the metro and are strong nationally, indicating durable leasing conditions. Within a 3-mile radius, population and households have increased and are projected to expand further, pointing to a growing renter pool that can support steady absorption and retention. Elevated ownership costs locally reinforce reliance on multifamily housing, while rent levels relative to income suggest manageable affordability pressure that supports renewals with disciplined lease management.
Constructed in 1984, the property is slightly newer than the neighborhood average, offering competitive positioning versus older stock while still presenting potential for targeted renovations or system upgrades. Nearby healthcare and corporate employment nodes add depth to the tenant base and can help stabilize occupancy through cycles, aligning the asset with workforce demand.
- High neighborhood occupancy and steady renter demand support income stability
- 3-mile household growth and rising incomes indicate a larger tenant base over time
- 1984 vintage offers competitive positioning with value-add potential via modernization
- Proximity to healthcare and corporate employers underpins workforce leasing
- Risks: monitor safety trend volatility and plan for capex to keep units competitive