| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 59th | Good |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8720 Shadow Wood Blvd, Coral Springs, FL, 33071, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1983 |
| Units | 40 |
| Transaction Date | 1988-06-01 |
| Transaction Price | $1,257,143 |
| Buyer | AVAILABLE NOT |
| Seller | AVAILABLE NOT |
8720 Shadow Wood Blvd Coral Springs Multifamily Investment
Neighborhood-level occupancy near 91.6% and a renter-occupied housing share around half of units point to steady demand, according to WDSuite’s CRE market data. Elevated ownership costs locally help sustain the tenant base, supporting disciplined revenue management without overreliance on aggressive assumptions in this commercial real estate analysis.
Situated in Coral Springs’ inner-suburb fabric, the neighborhood is rated A and ranks 32 out of 345 metro neighborhoods, placing it in the top quartile locally. Dining and daily convenience are strong: restaurant density ranks 12 of 345 (98th percentile nationally), cafes 25 of 345 (96th percentile), and parks 28 of 345 (96th percentile). These amenities help with leasing velocity and retention, while the lack of nearby pharmacies (ranked 345 of 345) suggests occasional service gaps for residents.
Neighborhood occupancy is 91.6%, roughly around the metro median by rank, indicating stable utilization of housing stock. The share of housing units that are renter-occupied is 52%, implying a meaningful renter concentration and a broad tenant base for multifamily assets. Median neighborhood contract rents trend high versus national peers (around the 90th percentile), which can support pricing power, yet the rent-to-income ratio at 0.33 (low national percentile) signals affordability pressure that owners should manage through renewal strategy and unit positioning.
Within a 3-mile radius, population has grown in recent years and is projected to continue increasing, with households expanding at a faster pace than population — a dynamic that typically enlarges the renter pool and supports occupancy stability. Forecasts indicate further household gains through the next five years, which can deepen demand for well-managed, mid-sized properties. School ratings average around 3.0/5, adequate for workforce housing positioning.
Home values in the neighborhood sit well above national medians (81st percentile) and the value-to-income ratio is high (90th percentile), signaling a high-cost ownership market that tends to reinforce reliance on multifamily rentals. For a 40-unit asset, this backdrop favors steady tenant demand, with amenities and commuter convenience contributing to leasing durability, based on CRE market data from WDSuite.
Comparable crime metrics for this neighborhood were not available in WDSuite’s dataset at the time of publication. Investors typically benchmark neighborhood safety against city and metro trends and supplement with recent local law-enforcement reports or property-level incident logs to contextualize resident experience and potential insurance implications.
Proximity to regional employers supports workforce housing demand and commute convenience for residents, notably in healthcare, auto retail corporate, and office supply headquarters. The companies below represent nearby demand anchors relevant to tenant retention and leasing stability.
- Tenet Healthcare Corporation, Florida Region — healthcare services (4.6 miles)
- AutoNation — auto retail corporate (10.6 miles) — HQ
- Office Depot — office supply corporate (13.2 miles) — HQ
- Johnson & Johnson — healthcare & consumer products offices (23.8 miles)
- Ryder System — logistics corporate (27.5 miles) — HQ
Built in 1983, this 40-unit asset is slightly older than the neighborhood’s average vintage, offering potential value-add via targeted renovations and systems modernization. Neighborhood occupancy of 91.6% and a renter-occupied share near half of housing units indicate a stable tenant base, while elevated ownership costs in the area tend to sustain rental demand. At the same time, high relative rents and a rent-to-income ratio around 0.33 suggest careful lease management is prudent to mitigate affordability pressure and protect retention.
Household growth within a 3-mile radius is projected to outpace population gains over the next five years, reinforcing a larger renter pool and supporting occupancy stability. According to CRE market data from WDSuite, strong amenity access (dining, cafes, parks) enhances leasing appeal, though limited pharmacy presence is a minor service consideration. The combination of demand depth, value-add potential, and diversified nearby employment nodes underpins a durable, operations-focused thesis.
- Occupancy around 91.6% and meaningful renter concentration support stable utilization and leasing
- 1983 vintage creates value-add and capex planning opportunities to enhance rent positioning
- High-cost ownership market reinforces reliance on rentals, aiding demand durability
- Strong amenity access and nearby employers bolster retention and leasing velocity
- Risk: higher relative rents and rent-to-income levels require disciplined renewal strategy