| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 62nd | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 555 Lakeview Dr, Coral Springs, FL, 33071, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1998 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | $1,925,000 |
| Buyer | OLEN RESIDENTIAL REALTY ENCUMBRAN |
| Seller | OLEN RESIDENTIAL REALTY CORP |
555 Lakeview Dr Coral Springs Multifamily Investment
Neighborhood occupancy trends and a solid renter base point to durable leasing in this inner-suburban Coral Springs location, according to WDSuite’s CRE market data. Investor takeaway: pricing power is supported by a high-cost ownership market and steady 3-mile household growth.
Positioned in Coral Springs’ Inner Suburb, the neighborhood rates B+ and is competitive among Fort Lauderdale-Pompano Beach-Sunrise neighborhoods (ranked 109 of 345). For investors, this indicates balanced fundamentals without relying on outsized speculation.
Neighborhood-level occupancy sits in the upper tier nationally, supporting lease stability; this metric is measured for the neighborhood, not the property. Renter-occupied housing comprises roughly one-third of units locally, suggesting a stable but not saturated tenant base that can sustain multifamily demand while limiting overreliance on transient renters.
Local living patterns skew owner-oriented with elevated home values (around the 91st national percentile), creating a high-cost ownership market that tends to reinforce renter reliance on multifamily housing and support retention. Rent-to-income conditions are moderate (around the mid-range nationally), which helps manage affordability pressure and supports renewal strategies.
Amenities are service-forward rather than lifestyle-heavy: restaurants, groceries, pharmacies, and childcare density track above national midpoints, while parks and cafes are limited. For operations, this mix typically appeals to households prioritizing convenience and schools, with commuting ties to Broward and North Miami job centers. Demographic statistics within a 3-mile radius show recent population growth alongside a faster rise in households, implying slightly smaller household sizes and a gradually expanding renter pool; forward-looking projections indicate additional increases in households by 2028 that can support occupancy and leasing velocity, based on CRE market data from WDSuite.
Safety indicators are mixed but generally competitive for the region. The neighborhood ranks competitively among 345 Fort Lauderdale-Pompano Beach-Sunrise neighborhoods and falls above the national median for overall safety. Violent-offense measures sit in the top quartile nationally, while property-offense levels benchmark even stronger.
Trend-wise, recent year-over-year data indicate an uptick in property offenses. Investors should underwrite with prudent security and lighting plans and align insurance and loss-prevention assumptions accordingly. As always, these are neighborhood-level statistics and not block-specific conditions.
Nearby employers span healthcare, automotive retail, office supplies, pharmaceuticals, and logistics, supporting a diversified workforce renter base and commute convenience reflected in leasing stability. The list below highlights proximate anchors likely to influence demand.
- Tenet Healthcare Corporation, Florida Region — healthcare services (4.8 miles)
- AutoNation — automotive retail (12.1 miles) — HQ
- Office Depot — office supplies (15.8 miles) — HQ
- Johnson & Johnson — pharmaceuticals & medtech (22.8 miles)
- Ryder System — logistics & transportation (25.9 miles) — HQ
This 48-unit asset benefits from neighborhood occupancy that trends above the national median and a renter base deep enough to support consistent leasing. Elevated home values in the submarket reinforce renter reliance on multifamily housing, while rent-to-income conditions suggest manageable affordability pressure for renewal and rent management. Within a 3-mile radius, recent population gains and a faster rise in household counts point to an expanding tenant base; projections indicate additional household growth through 2028, supporting occupancy stability and leasing velocity.
Operationally, amenities skew toward daily needs rather than destination retail, aligning with family-oriented demand and commutes to Broward employment centers. According to CRE market data from WDSuite, the area’s safety metrics are competitive for the region, though a recent uptick in property offenses warrants standard security planning and conservative underwriting on non-revenue expenses.
- Neighborhood occupancy trends above national median support lease stability
- High-cost ownership market reinforces renter demand and pricing power
- 3-mile population and household growth expand the tenant base and support absorption
- Daily-needs amenities align with workforce and family renters, aiding retention
- Risk: recent uptick in neighborhood property offenses; underwrite security and insurance prudently