| 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 | 2016-07-25 |
| Transaction Price | $3,750,000 |
| Buyer | SYMPHONY BUILDERS OF GARDENS LLC |
| Seller | L & H Land Corp |
8203 W Sample Rd Coral Springs Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-average occupancy for the area, according to WDSuite’s CRE market data. These indicators suggest stable operations potential at the property level while positioning for selective value-add upside.
Located in Coral Springs’ inner-suburb setting, the neighborhood shows housing fundamentals that track in the top quartile nationally, with occupancy for the neighborhood trending above national norms and improving over the past five years. Renter concentration is elevated for the metro context (about 57% of housing units are renter-occupied), supporting depth of tenant demand for a 30-unit asset.
Livability is supported by a strong mix of daily-needs amenities. Grocery access is competitive among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods (nationally high percentile), and the area offers a solid density of restaurants and cafes. However, park and pharmacy presence within the neighborhood core is limited, so residents may rely on adjacent areas for those needs.
Within a 3-mile radius, the population has grown in recent years and is projected to hold roughly steady while households increase and average household size declines. This points to a larger number of households forming even with modest population change—an investor-relevant trend that can expand the renter pool and support occupancy stability.
Ownership costs in this part of Broward County are elevated relative to local incomes (high value-to-income metrics), which tends to sustain reliance on multifamily rentals and can aid lease retention and pricing power when managed carefully. The neighborhood’s average construction vintage is similar to late-1970s stock, positioning 1970s assets for competitive upgrades against older properties while remaining cost-advantaged versus new deliveries.
Safety indicators are mixed in comparative terms. Broad crime measures benchmark better than many neighborhoods nationwide, and violent offense metrics are in a high national percentile, which is favorable in a regional context. At the same time, recent year-over-year data show a notable uptick in property-related incidents, suggesting prudent security, lighting, and access-control practices remain important for tenant retention.
Investors should weigh the longer-run trend of comparatively stronger violent-crime positioning against the nearer-term rise in property offenses. Monitoring changes at the neighborhood level and coordinating with property management on preventive measures can help maintain leasing stability.
Proximity to healthcare and corporate office employers supports a diversified renter base and commute convenience for workforce tenants. Key nearby employers include Tenet Healthcare, Office Depot, AutoNation, Johnson & Johnson, and Ryder System.
- Tenet Healthcare Corporation, Florida Region — healthcare services (3.5 miles)
- Office Depot — corporate offices (11.6 miles) — HQ
- AutoNation — corporate offices (11.9 miles) — HQ
- Johnson & Johnson — corporate offices (25.7 miles)
- Ryder System — corporate offices (29.3 miles) — HQ
8203 W Sample Rd is a 30-unit, 1975-vintage asset in an inner-suburban Broward County location where neighborhood occupancy trends sit above national medians and have improved over the past five years. The area’s elevated renter-occupied share indicates a deeper tenant pool, while daily-needs amenities bolster leasing appeal. According to CRE market data from WDSuite, ownership costs in this submarket remain high relative to incomes, a dynamic that typically reinforces steady multifamily demand.
The 1975 vintage suggests room for targeted renovations and systems upgrades to enhance competitiveness against older stock and capture rent premiums where affordability allows. Forward-looking demographics within a 3-mile radius point to more households and smaller household sizes, which can expand the renter base—even as overall population growth moderates—supporting occupancy stability for well-managed properties.
- Neighborhood occupancy trends above national medians support stable leasing
- Elevated renter-occupied share signals depth of tenant demand
- 1975 vintage offers value-add potential through targeted interior and systems upgrades
- Daily-needs amenities (grocery, dining, cafes) underpin resident convenience
- Risks: affordability pressure and recent property-crime uptick warrant conservative underwriting and active management