| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 54th | Fair |
| Amenities | 53rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8300 Coral Lake Ln, Coral Springs, FL, 33065, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1988 |
| Units | 94 |
| Transaction Date | 2015-05-25 |
| Transaction Price | $8,100,000 |
| Buyer | Prashkovsky Investments USA LLC |
| Seller | --- |
8300 Coral Lake Ln Coral Springs 94-Unit Multifamily
Neighborhood occupancy is stable and renter demand is meaningful in this Coral Springs location, according to WDSuite’s CRE market data. Investors should view this as a renter-driven submarket where steady fundamentals can support durable cash flow with attentive lease management.
Situated in Coral Springs within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood holds a B+ rating and ranks 98 of 345 metro neighborhoods, placing it competitive among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods. Amenity access trends favor daily convenience: grocery, parks, and pharmacies benchmark in the mid‑80s national percentiles, while cafes are comparatively dense (rank 95 of 345), signaling walkable options that bolster renter appeal.
Multifamily performance signals are steady. Neighborhood occupancy is 92.1% with five‑year improvement, near the metro median, and the share of housing units that are renter‑occupied is 50.5% (top quartile locally at rank 66 of 345) — both indicators of a sizable tenant base and stable leasing conditions rather than transient, thin demand.
Within a 3‑mile radius, population and households have grown over the past five years, with households up meaningfully and forecast to expand further alongside rising incomes. This points to a larger tenant base and supports occupancy stability and rentability for units positioned at attainable price points.
Vintage is 1988, slightly newer than the local average year built (1983). For investors, this suggests competitive positioning versus older stock, while still planning for modernization of finishes and systems to enhance retention and reduce near‑term capital surprises.
Schools average a 3.0 rating (above the national median), and housing metrics score above many peers (housing rank 124 of 345), reinforcing a balanced livability profile. Neighborhood NOI per unit trends also compare well in the metro (rank 78 of 345), underscoring potential to sustain income with focused operations.
Safety indicators are comparatively favorable versus national benchmarks. Overall crime sits modestly better than the national midpoint (56th percentile), and the area is competitive among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods (crime rank 107 of 345). Property offenses benchmark especially well, trending in the top percentile nationally, which supports resident comfort and lease retention.
Violent‑offense levels benchmark in the 73rd percentile nationally, indicating stronger safety relative to many U.S. neighborhoods. That said, the most recent year shows a pronounced uptick in the violent‑offense trend; investors should monitor trajectory and community initiatives as part of standard underwriting and asset management.
Proximity to healthcare and corporate office employment supports a broad renter base and commute convenience. Notable 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 (11.7 miles) — HQ
- AutoNation — corporate offices (11.9 miles) — HQ
- Johnson & Johnson — corporate offices (25.5 miles)
- Ryder System — corporate offices (29.2 miles) — HQ
This 94‑unit, 1988‑vintage asset sits in a renter‑driven Coral Springs neighborhood where occupancy has held in the low‑90s and the renter‑occupied share is locally high, supporting a deeper tenant base. According to commercial real estate analysis from WDSuite, amenity access indexes above national medians for groceries, parks, and pharmacies, and neighborhood NOI per unit compares favorably within the metro — a backdrop that can support steady leasing and income when units are priced to local affordability.
Within a 3‑mile radius, households and incomes have risen and are forecast to grow further, pointing to renter pool expansion and support for occupancy stability. Elevated ownership costs relative to incomes in the neighborhood context can reinforce reliance on multifamily, though a higher rent‑to‑income ratio signals affordability pressure that warrants careful renewal and upgrade strategies. Given the 1988 vintage, targeted renovations and system updates present value‑add levers while maintaining competitive positioning against older stock.
- Renter‑heavy neighborhood supports depth of demand and leasing stability.
- Amenity access and competitive neighborhood NOI underpin resident retention potential.
- 3‑mile growth in households and incomes expands the tenant base over time.
- 1988 vintage offers value‑add opportunity via selective renovations and systems upgrades.
- Risks: affordability pressure (higher rent‑to‑income) and recent volatility in violent‑offense trends call for prudent underwriting and active management.