| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 54th | Fair |
| Amenities | 53rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9000 Royal Palm Blvd, Coral Springs, FL, 33065, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1986 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9000 Royal Palm Blvd Coral Springs Multifamily Investment
Neighborhood occupancy has trended upward over the past five years and renter demand is supported by a high renter-occupied share at the neighborhood level, according to WDSuite’s CRE market data. This points to stable leasing potential with management focus on affordability and retention.
Situated in Coral Springs within the Fort Lauderdale-Pompano Beach-Sunrise metro, the neighborhood rates competitive among 345 metro neighborhoods (B+ overall), with convenience-oriented amenities that support daily living and resident retention. Amenity access sits in the upper national percentiles (mid-60s), with grocery, parks, and pharmacies each around the mid-80s nationally—helpful for livability and day-to-day leasing appeal.
Food-and-beverage density is a relative strength: cafes rank well within the metro and are in the upper national percentiles (87th), and restaurants track in the high-60s nationally. Average school ratings trend modestly above national median levels (around the 61st percentile), a consideration for family renters and longer-term tenancy. These neighborhood metrics are measured for the neighborhood, not the property.
On housing dynamics, occupancy is around national median levels but has improved over the last five years, indicating demand stability. The share of renter-occupied housing units is elevated (88th percentile nationwide), signaling a deep tenant base for multifamily. Median contract rents in the neighborhood sit in the higher national percentiles (around the 80th), which can support revenue but may require attentive lease management where rent-to-income ratios are tighter.
Vintage positioning matters for competitiveness: the property’s 1986 construction is slightly newer than the neighborhood’s typical 1983 vintage. That can help versus older stock, though investors should plan for system upgrades or targeted renovations to maintain positioning and support rent trade-outs over the hold period.
Within a 3-mile radius, demographics show population growth over the last five years with a notable increase in households and families, and projections point to further household expansion through 2028. This trajectory suggests a larger tenant base and supports occupancy stability, particularly for well-maintained, needs-based units.
Home values in the neighborhood are elevated for local incomes (value-to-income sits in the low-80s national percentile), which typically sustains rental demand and can bolster pricing power. At the same time, higher rent-to-income ratios necessitate proactive renewal strategies to mitigate retention risk.
Safety indicators are mixed and should be monitored with current leasing operations. Compared with neighborhoods nationwide, overall crime positioning trends slightly better than average (mid-50s percentile). Violent offense rates benchmark in the upper national percentiles (around the 73rd), which is comparatively favorable, though recent year fluctuations indicate potential volatility that warrants attention.
Property offenses, by contrast, rank among the higher-crime segments within the metro, with the neighborhood placing near the bottom of the 345-neighborhood ranking (a lower rank indicates higher crime). Year-over-year property offense rates have eased modestly, but investors should plan for standard security measures and collaborate with property management on monitoring and prevention. All figures reflect neighborhood-level conditions rather than the property itself.
Proximity to regional employers supports a steady renter pipeline and commute convenience, notably in healthcare, retail automotive, and corporate services reflected below.
- Tenet Healthcare Corporation, Florida Region — healthcare services (3.8 miles)
- AutoNation — retail automotive (11.4 miles) — HQ
- Office Depot — office supplies corporate (12.6 miles) — HQ
- Johnson & Johnson — healthcare & consumer products offices (24.7 miles)
- Ryder System — logistics & transportation (28.3 miles) — HQ
This 120-unit, 1986-vintage asset benefits from a renter-heavy neighborhood, improving occupancy trends, and strong daily-needs amenities that bolster retention. Within a 3-mile radius, households have grown and are projected to expand further by 2028, indicating a larger tenant base and support for occupancy stability. Elevated home values relative to incomes in the neighborhood sustain reliance on rentals, while median rents in higher national percentiles provide revenue potential alongside disciplined lease management.
Based on CRE market data from WDSuite, the neighborhood’s renter concentration sits in upper national percentiles and occupancy has strengthened over five years, signaling durable demand for workforce-oriented units. The 1986 vintage is slightly newer than the local average and can remain competitive with targeted capital to modernize systems and finishes. Key watch items include affordability pressure (rent-to-income) and property offense levels at the neighborhood scale, both manageable with thoughtful operations.
- Renter-occupied share in upper national percentiles supports deep tenant demand and leasing resilience.
- Upward trend in neighborhood occupancy and expanding 3-mile household base underpin stabilization.
- 1986 construction offers a slight competitive edge versus older stock, with value-add potential via upgrades.
- Elevated home values vs. incomes reinforce reliance on rentals, supporting pricing power with prudent renewals.
- Risks: affordability pressure (higher rent-to-income) and higher relative property offenses call for proactive retention and security.