| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 56th | Good |
| Amenities | 42nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9900 Riverside Dr, Coral Springs, FL, 33071, US |
| Region / Metro | Coral Springs |
| Year of Construction | 1982 |
| Units | 44 |
| Transaction Date | 1993-12-29 |
| Transaction Price | $1,650,000 |
| Buyer | SUTTON PLACE MGMT INC |
| Seller | FEDERAL HOME LOAN MORTGAGE CORPORATION |
9900 Riverside Dr, Coral Springs FL Multifamily Opportunity
Neighborhood occupancy remains tight and renter demand is supported by a high-cost ownership market, according to CRE market data from WDSuite. The investment angle centers on income stability with selective value-add upside rather than outsized lease-up gains.
Located in Coral Springs within the Fort Lauderdale-Pompano Beach-Sunrise metro, the property sits in an inner-suburban neighborhood rated B- where overall housing and amenities perform above national medians. Cafe and park access are competitive nationally, while grocery, pharmacy, and childcare options are thinner nearby—factors to account for in marketing and retention strategy.
Neighborhood occupancy is strong at the neighborhood level (measured for the neighborhood, not this property), with performance competitive among Fort Lauderdale-Pompano Beach-Sunrise neighborhoods and in the top quartile nationally, based on WDSuite s CRE market data. Median asking rents in the area trend above national norms, but a moderate rent-to-income profile supports lease retention and reduces near-term affordability pressure relative to many coastal peers.
Within a 3-mile radius, population and household counts have expanded and are projected to continue growing, indicating a larger tenant base over the medium term. Household incomes have risen, and the renter-occupied housing share is meaningful, suggesting consistent demand depth for multifamily product even as some households consider ownership.
Home values in the neighborhood are elevated versus national benchmarks, which typically sustains reliance on rental housing and supports pricing power for well-managed assets. Average school ratings are above the national midpoint, a useful consideration for tenant retention among family renters. The asset s 1982 vintage is slightly older than the neighborhood s average stock, presenting potential to capture value through targeted renovations and capital planning.
Safety indicators compare favorably at the national level: the neighborhood sits in a high safety percentile nationwide for violent incidents and shows strong standing for property offenses as well. Recent data also points to a year-over-year reduction in estimated property offenses, which supports leasing stability and resident retention, according to WDSuite s CRE market data.
As always, investors should underwrite with submarket context and trend lines rather than block-level assumptions. Compare multi-year neighborhood trends across the Fort Lauderdale-Pompano Beach-Sunrise metro to validate assumptions on tenant demand, turnover, and security-related operating expenses.
The surrounding employment base blends healthcare, automotive retail headquarters, business services, and logistics, supporting steady renter demand and commute convenience for workforce and professional tenants. Nearby anchors include Tenet Healthcare, AutoNation, Office Depot, Johnson & Johnson, and Ryder System.
- Tenet Healthcare Corporation, Florida Region healthcare services (5.1 miles)
- AutoNation automotive retail (10.5 miles) HQ
- Office Depot office supplies (14.6 miles) HQ
- Johnson & Johnson healthcare & consumer products (22.8 miles)
- Ryder System logistics & transportation (26.3 miles) HQ
This 44-unit, 1982-vintage asset aligns with an inner-suburban neighborhood where occupancy is tight and renter demand is reinforced by elevated ownership costs. The slightly older vintage creates a clear path for targeted value-add and systems modernization to enhance competitiveness against newer stock, while neighborhood-level occupancy strength supports income durability.
Population and household growth within a 3-mile radius point to a larger renter pool over the next five years, aiding lease-up velocity and retention if unit finishes and amenities are kept market-relevant. According to CRE market data from WDSuite, neighborhood rents sit above national norms but rent-to-income dynamics remain manageable, which can support steady collections when paired with disciplined renewal strategies.
- Tight neighborhood occupancy supports cash flow stability
- 1982 vintage offers value-add and CapEx-driven upside
- Growing 3-mile renter pool supports demand and retention
- Elevated home values sustain reliance on rental housing
- Risk: Limited nearby grocery/pharmacy/childcare may affect convenience and leasing