| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 38th | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4140 SW 53rd St, Davie, FL, 33314, US |
| Region / Metro | Davie |
| Year of Construction | 1972 |
| Units | 50 |
| Transaction Date | 2001-05-15 |
| Transaction Price | $12,600,000 |
| Buyer | EMERALD PALMS VENTURE LP |
| Seller | --- |
4140 SW 53rd St, Davie Multifamily Investment
Neighborhood occupancy has trended higher over the past five years, supporting steady renter demand, according to WDSuite’s CRE market data. Positioned in Davie’s inner-suburban fabric, the asset benefits from a deep local renter base and proximity to employment centers.
Davie sits within the Fort Lauderdale-Pompano Beach-Sunrise metro and this neighborhood carries a B- rating, ranking 177 out of 345 metro neighborhoods. That places it above the metro median, signaling balanced fundamentals for workforce-oriented multifamily.
Daily-life amenities are a relative strength: grocery and dining density track above national norms, with cafes and childcare also comparing favorably. At the metro level, overall amenity access ranks above the median, helping with resident retention and leasing velocity. Park and pharmacy density are limited in the immediate area, which is worth factoring into tenant experience planning.
Renter-occupied share measures high for the neighborhood (top quartile nationally), indicating a meaningful renter concentration and a deeper tenant base for a 50-unit asset. Neighborhood occupancy has improved over the last five years, a constructive backdrop for maintaining stable collections and reducing lease-up risk.
Within a 3-mile radius, population has grown in recent years and is projected to keep rising by 2028, with households expanding faster than population and average household size trending lower. This combination points to a larger tenant base and steady absorption potential for multifamily, based on CRE market data from WDSuite.
Ownership costs are elevated relative to incomes at the neighborhood level (home values compare in the higher national percentiles and value-to-income is top decile nationally). For investors, a high-cost ownership market typically supports sustained reliance on rentals and can bolster pricing power, though rent-to-income readings suggest monitoring affordability pressure and renewal risk.
Safety indicators are mixed when benchmarked against the region and nation. The neighborhood’s crime rank sits below the metro median (243 of 345), implying higher incident levels than many Fort Lauderdale–area neighborhoods. Nationally, composite crime measures fall below the median as well.
Recent trend signals show a year-over-year decline in estimated property offenses, while estimated violent offenses moved higher, per WDSuite’s data. Investors should underwrite to these mixed trends, compare against submarket comps, and consider property-level measures that can support resident comfort and retention.
Proximity to diversified corporate employers underpins renter demand and commute convenience for workforce tenants, including automotive retail, pharmaceuticals, logistics, chemicals, and healthcare services.
- AutoNation — automotive retail (5.8 miles) — HQ
- Johnson & Johnson — pharmaceuticals (12.0 miles)
- Ryder System — logistics & transportation (17.2 miles) — HQ
- Mosaic — chemicals (17.5 miles)
- Tenet Healthcare Corporation, Florida Region — healthcare services (17.8 miles)
This 50-unit Davie asset is positioned in a neighborhood that ranks above the metro median, with amenity access that supports leasing and resident retention. Renter concentration is strong (top quartile nationally), and neighborhood occupancy has improved over the last five years—constructive signals for collections and stability. A high-cost ownership backdrop in the neighborhood tends to reinforce reliance on rentals, while affordability pressure should be managed through disciplined lease and renewal strategies. Neighborhood NOI per unit trends in the top decile nationally, indicating competitive income performance against U.S. peers, according to CRE market data from WDSuite.
Forward demand drivers are supported by 3-mile demographics: continued population growth, faster household expansion, and smaller average household size point to a larger renter pool over the next cycle. The employment base within commuting distance adds depth to tenant demand across multiple industries.
- Above-metro-median neighborhood with amenity access that supports retention
- Strong renter concentration and improving neighborhood occupancy support stability
- High-cost ownership context sustains rental demand and pricing power
- 3-mile population and household growth expand the tenant base
- Risk: affordability pressure and mixed safety trends warrant conservative underwriting