| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 29th | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8703 W Sample Rd, Coral Springs, FL, 33065, US |
| Region / Metro | Coral Springs |
| Year of Construction | 2007 |
| Units | 22 |
| Transaction Date | 1983-04-01 |
| Transaction Price | $3,978,571 |
| Buyer | AVAILABLE NOT |
| Seller | AVAILABLE NOT |
8703 W Sample Rd Coral Springs 22-Unit Multifamily
Neighborhood occupancy trends sit in the mid-90s with five‑year improvement, pointing to durable renter demand according to WDSuite’s CRE market data. This commercial real estate analysis also highlights a renter-occupied concentration locally, supporting lease-up stability for smaller-format units.
The property s 2007 vintage is newer than the neighborhood average construction year of 1977, suggesting competitive positioning versus older stock; investors should still underwrite routine system updates and selective modernization to maintain appeal.
The surrounding neighborhood shows an occupancy rate near the mid-90s and has improved over the last five years; at a metro rank of 115 among 345 neighborhoods, conditions are competitive among Fort Lauderdale-Pompano Beach-Sunrise neighborhoods. A renter-occupied share of housing units near 57% (rank 40 of 345) indicates a deep tenant base that can support demand for small-format apartments.
Local amenity access is a relative strength: grocery and restaurant density sit in the upper national percentiles, with cafes and childcare also above national medians, which supports day-to-day livability for residents. Park and pharmacy access are limited in the immediate neighborhood, so on-site services and proximity to private amenities may matter more for resident retention.
Within a 3-mile radius, demographics indicate population growth in recent years alongside a larger increase in households and families; forward-looking data point to additional household expansion even if population growth moderates, implying a larger tenant base and support for occupancy. Median contract rents in the 3-mile radius have risen in recent years and are projected to continue increasing, reinforcing pricing power where unit quality and management execution are strong, based on CRE market data from WDSuite.
Home values in the neighborhood are elevated relative to local incomes (high national percentile for value-to-income), which generally sustains renter reliance on multifamily housing. That said, rent-to-income indicators show affordability pressure, suggesting a need for careful lease management and amenity-value alignment to support retention.
Safety indicators are mixed when viewed across geographies. The neighborhood s metro crime rank sits on the higher-incident side relative to many of the 345 Fort Lauderdale-Pompano Beach-Sunrise neighborhoods, yet national percentiles place the area above average for safety overall, according to WDSuite s CRE data.
Recent trends show violent incidents declining year over year (strong national standing), while property-related incidents increased over the last year. Investors should monitor building-level security, lighting, and access controls, and align insurance and operating plans with these contrasting trendlines.
Employment anchors nearby include healthcare and corporate headquarters that support commuter demand and lease retention. The list below focuses on the closest drivers likely to influence workforce housing dynamics.
- Tenet Healthcare Corporation, Florida Region — healthcare services (3.1 miles)
- Office Depot — corporate offices (11.8 miles) — HQ
- AutoNation — corporate offices (12.2 miles) — HQ
- Johnson & Johnson — corporate offices (25.6 miles)
- Ryder System — logistics & transportation (29.2 miles) — HQ
8703 W Sample Rd is a 22-unit asset with smaller average unit sizes, aligning with demand for efficient layouts in a renter-heavy neighborhood. The 2007 construction provides a competitive edge versus the area s older housing stock, while still warranting capital planning for mid-life systems and potential cosmetic upgrades to maximize rent positioning. According to CRE market data from WDSuite, neighborhood occupancy remains competitive versus the metro, and local renter concentration supports depth of demand.
Market context is favorable: amenity access is strong across groceries, restaurants, and cafes, and within a 3-mile radius households are projected to grow further even if population growth moderates, implying a larger renter pool and support for occupancy stability. Key considerations include affordability pressures relative to local incomes and mixed safety trendlines (violent incidents improving, property incidents up), which call for disciplined underwriting, resident experience focus, and active asset management.
- 2007 vintage outperforms older neighborhood stock; plan for mid-life system upkeep and targeted renovations.
- Competitive neighborhood occupancy and a renter-occupied concentration support demand for smaller-format units.
- Strong nearby amenities and projected household growth within 3 miles bolster tenant retention potential.
- Elevated ownership costs reinforce multifamily reliance, aiding pricing power where execution is strong.
- Risks: rent-to-income pressures and mixed safety trends require careful lease management and property-level security.