| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 29th | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8203 W Sample Rd, Coral Springs, FL, 33065, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1975 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8203 W Sample Rd Coral Springs Value-Add Multifamily
Neighborhood occupancy trends are solid and renter demand is deep for this inner-suburb location, according to WDSuite’s CRE market data, supporting a pragmatic value-add plan focused on a 1975 vintage asset.
Located in Coral Springs within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood holds a C+ rating and functions as an Inner Suburb with steady renter demand. The area’s occupancy is in the mid-90s with a multi-year improvement, indicating durable leasing conditions at the neighborhood level rather than the property specifically.
Renter-occupied share is high for the metro, signaling a sizable tenant base and support for multifamily absorption. Within a 3-mile radius, households have increased meaningfully over the past five years and are projected to continue rising alongside smaller average household sizes, which typically expands the renter pool and supports occupancy stability.
Everyday convenience is a strength: grocery, restaurant, and cafe densities sit above national averages, while immediate park and pharmacy access is more limited. Relative to peers in the metro (345 neighborhoods total), amenity access is competitive among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods, reinforcing leasing appeal for workforce and lifestyle renters.
The asset’s 1975 construction is slightly older than the neighborhood’s average vintage, pointing to potential renovation and systems modernization opportunities that can enhance competitive positioning versus the local stock. Neighborhood home values are elevated in context of incomes, which tends to sustain reliance on rental housing and can support pricing power; however, higher rent-to-income ratios suggest careful lease management to balance retention with growth.
Neighborhood safety indicators compare favorably at a broad level. Overall crime metrics are above the national average for safety, placing the area in the top quartile nationally. Within the metro (345 neighborhoods total), the location is competitive on safety compared with many peers.
Violent offense rates are especially favorable, trending near the top decile nationally, and recent year-over-year data show a notable decline in violent incidents. Property offense measures remain comparatively better than many areas nationwide as well. As always, investors should underwrite to submarket trends and property-level controls rather than block-level assumptions.
Nearby employers span healthcare, office retail headquarters, automotive retail headquarters, pharmaceuticals, and logistics headquarters, supporting a diverse employment base and commute-friendly demand for renters in this submarket.
- Tenet Healthcare Corporation, Florida Region — healthcare services (3.5 miles)
- Office Depot — office supplies HQ & operations (11.6 miles) — HQ
- AutoNation — automotive retail HQ (11.9 miles) — HQ
- Johnson & Johnson — pharmaceuticals (25.7 miles)
- Ryder System — logistics & transportation HQ (29.3 miles) — HQ
This 30-unit, 1975-vintage asset in Coral Springs benefits from neighborhood occupancy in the mid-90s, a high renter-occupied share, and amenity access that outperforms national averages for daily needs. Within a 3-mile radius, household growth has been robust and is projected to accelerate as average household size declines, pointing to renter pool expansion and support for leasing stability. Elevated ownership costs in the area tend to reinforce multifamily reliance, while the older vintage creates a clear path for value-add and systems upgrades to sharpen competitive position.
According to CRE market data from WDSuite, neighborhood rent levels are positioned above many national peers and NOI per unit trends are above the national median, underscoring revenue potential if improvements are matched with disciplined affordability management. Key underwriting considerations include rent-to-income pressure and pockets of limited park and pharmacy access, which call for prudent retention strategies and resident service planning.
- Occupancy stability at the neighborhood level with a large renter base supports consistent leasing
- 1975 vintage offers value-add and systems modernization potential to enhance competitiveness
- Amenity-rich area for groceries, dining, and cafes strengthens day-to-day livability and retention
- Household growth within 3 miles and smaller household sizes point to renter pool expansion
- Risk: elevated rent-to-income ratios and limited nearby parks/pharmacies warrant careful lease and amenity planning