| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 54th | Fair |
| Amenities | 53rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9020 Royal Palm Blvd, Coral Springs, FL, 33065, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1986 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | $4,335,000 |
| Buyer | SHANNON REALTY PARTNERS |
| Seller | ESTATE OF JAMES LAVIN |
9020 Royal Palm Blvd Coral Springs Multifamily Investment
Stabilized neighborhood occupancy and a sizable renter base point to durable leasing fundamentals, according to WDSuite’s CRE market data. Broward County location adds everyday convenience that supports retention.
The property sits in a Coral Springs neighborhood rated B+ and ranked 98 out of 345 in the Fort Lauderdale-Pompano Beach-Sunrise metro—competitive among metro neighborhoods. Neighborhood occupancy is 92.1% with a five-year improvement, underscoring stable leasing conditions that support income durability, based on CRE market data from WDSuite.
Livability supports renter appeal: parks and pharmacies are in the 85th national percentile, groceries in the 71st, and cafes track in the upper tier nationally. Average school ratings are moderate (around the 61st national percentile), offering balanced family appeal without relying on premium school-driven pricing.
Tenure patterns indicate depth for multifamily: within the neighborhood, 50.5% of occupied housing units are renter-occupied, suggesting a sizable tenant base and steady absorption potential. At the 3-mile scale, renters make up roughly one-third of occupied units, broadening the leasing catchment while still competing with ownership.
Ownership costs trend elevated relative to incomes (value-to-income high nationally), which tends to reinforce reliance on rental housing and can support pricing power. At the same time, rent-to-income readings indicate affordability pressure in the area, pointing to the importance of thoughtful renewals and pricing strategies for retention.
Demographics aggregated within a 3-mile radius show population growth and faster household growth over the last five years, with forecasts calling for additional household gains and slightly smaller average household sizes. This pattern typically expands the renter pool and supports occupancy stability for well-positioned assets.
Safety signals are mixed but comparatively favorable. Overall crime performance is competitive among Fort Lauderdale-Pompano Beach-Sunrise neighborhoods (107 out of 345), and the area sits modestly above the national average for safety (56th percentile). Property crime rates compare very well nationally (top tier), while recent year-over-year data show a sharp rise in violent-offense rates, meriting continued monitoring.
For investors, this suggests day-to-day risk is manageable relative to national peers due to comparatively low property crime, but prudent underwriting should incorporate ongoing checks on violent-offense trends at the neighborhood level rather than block-specific conclusions.
Nearby employers span healthcare, automotive retail, office supplies, consumer products, and logistics—supporting a broad workforce renter base and commute convenience.
- Tenet Healthcare Corporation, Florida Region — healthcare services (3.7 miles)
- AutoNation — automotive retail (11.5 miles) — HQ
- Office Depot — office supplies (12.7 miles) — HQ
- Johnson & Johnson — consumer products (24.6 miles)
- Ryder System — logistics & transportation (28.2 miles) — HQ
This 120-unit asset delivered in 1986 is slightly newer than the neighborhood’s average vintage, offering an opportunity to pair operational stability with targeted modernization to enhance competitiveness versus older stock. Neighborhood occupancy has trended up, and amenity access supports retention, according to CRE market data from WDSuite.
Within a 3-mile radius, household growth and forecasts for additional household expansion point to a larger tenant base ahead. Elevated ownership costs relative to incomes tend to sustain rental demand, while rent-to-income readings flag affordability pressure—favoring disciplined renewals, calibrated rent steps, and value-add scopes that prioritize rent-to-value.
- Renter depth: neighborhood renter-occupied share supports demand stability and absorption.
- Occupancy stability: five-year improvement supports income consistency and leasing visibility.
- Vintage upside: 1986 construction enables targeted renovations and operational upgrades.
- Location fundamentals: strong amenity access aids retention and broadens appeal.
- Risk: affordability pressure suggests careful pricing and renewal management to protect retention.