| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 62nd | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 561 Lakeview Dr, Coral Springs, FL, 33071, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1998 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | $1,925,000 |
| Buyer | OLEN RESIDENTIAL REALTY ENCUMBRAN |
| Seller | OLEN RESIDENTIAL REALTY CORP |
561 Lakeview Dr, Coral Springs Multifamily Investment
Neighborhood occupancy has been resilient and renter demand is supported by strong incomes and an owner-leaning housing base, according to WDSuite’s CRE market data. This positioning favors stable leasing with measured pricing power in a suburban Broward County location.
Located in Coral Springs’ inner suburban fabric of the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood scores a B+ and sits above the metro median on several investor-relevant measures. Neighborhood occupancy is 94.8% (neighborhood metric, not property-specific) and is competitive among the metro’s 345 neighborhoods, indicating steady lease-up and renewal potential in typical cycles.
Daily needs are reasonably covered with grocery and pharmacy options present at moderate density, while restaurants track near national middle; parks and cafes are thinner locally, so onsite amenities can be a differentiator for retention. Amenity access overall is close to the national midpoint, reinforcing a primarily residential, commuter-friendly setting rather than a destination retail corridor.
The area’s housing stock skews owner-occupied, with a renter-occupied share around one-third at the neighborhood level. For investors, that translates to a defined but stable multifamily tenant base with less direct competition from dense rental clusters nearby. Median contract rents benchmark in the upper tier nationally, while a rent-to-income profile near 0.18 at the neighborhood level helps manage affordability pressure and supports renewal strategies.
Demographic statistics within a 3-mile radius show recent population and household growth, with projections pointing to further increases over the next five years. Rising household counts and solid income gains suggest a larger tenant base and support for occupancy stability and measured rent growth relative to metro trends.
Safety indicators for the neighborhood track around or better than national medians, with violent offense measures sitting in a higher (safer) national percentile compared with many U.S. neighborhoods. This suggests a generally favorable backdrop for resident retention relative to broader national norms.
That said, recent year-over-year estimates indicate an uptick in property offenses at the neighborhood level. While the broader profile still compares well nationally, investors should monitor trend direction as part of ongoing risk management and consider standard security, lighting, and access-control practices appropriate for suburban multifamily.
Proximity to major employers anchors the local renter base, with healthcare, auto retail headquarters, office supplies, pharmaceuticals, and logistics all within commuting reach. These employment centers support leasing stability and broaden the pool of income-qualified tenants.
- Tenet Healthcare Corporation, Florida Region — healthcare services (4.8 miles)
- AutoNation — auto retail (12.1 miles) — HQ
- Office Depot — office supplies (15.8 miles) — HQ
- Johnson & Johnson — pharmaceuticals & consumer health (22.9 miles)
- Ryder System — logistics & transportation (25.9 miles) — HQ
This 72-unit suburban asset benefits from steady neighborhood occupancy, a defined renter pool within an owner-leaning area, and income levels that help sustain rent collections and renewals. Neighborhood rents benchmark in the upper tier nationally while rent-to-income levels and growing 3-mile household counts support demand depth and leasing durability.
Population growth and household expansion within 3 miles point to a larger tenant base over the next five years, aligning with Broward County’s diversified employment access. According to commercial real estate analysis from WDSuite, the neighborhood’s occupancy performance is competitive within the metro, reinforcing a thesis of stable cash flow with measured rent growth potential. Key watch items include lighter lifestyle amenities in the immediate area and monitoring the recent uptick in property offenses.
- Competitive neighborhood occupancy supports stable leasing (neighborhood metric, not property-specific)
- Owner-leaning housing base concentrates multifamily demand
- 3-mile population and household growth expand the renter pool
- High household incomes and manageable rent-to-income bolster renewals
- Risks: lighter nearby lifestyle amenities; monitor property offense trends