| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 24th | Poor |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4881 Griffin Rd, Davie, FL, 33314, US |
| Region / Metro | Davie |
| Year of Construction | 1983 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4881 Griffin Rd Davie Multifamily Value-Add Opportunity
Neighborhood occupancy remains resilient and renter demand is supported by a moderate renter-occupied share, according to WDSuite s CRE market data. This submarket s location fundamentals and steady leasing backdrop point to stable operations with selective upside.
The property sits in an Inner Suburb of the Fort Lauderdale-Pompano Beach-Sunrise metro where neighborhood occupancy is competitive among 345 metro neighborhoods and above national norms. These occupancy figures reflect the neighborhood s conditions, not the property itself, and indicate a steady leasing environment that can support tenant retention and consistent collections.
Amenities are reasonably accessible at the neighborhood level, with restaurants and parks ranking in the top quartile nationally, and cafes and grocery options above the national median. Pharmacy density is limited, which may temper convenience on certain errands, but overall daily-needs access supports renter livability.
Home values in the neighborhood test high relative to incomes (top decile nationally on value-to-income), a high-cost ownership backdrop that tends to sustain reliance on multifamily rentals. At the same time, the rent-to-income profile skews heavier than many U.S. neighborhoods, suggesting some affordability pressure that warrants prudent rent management for renewal stability.
Within a 3-mile radius, demographics show population growth over the last five years and a larger household base, with further gains projected. This widening household pool implies a deeper tenant base for workforce and conventional units, which can support occupancy stability and measured rent growth over time. These statistics are aggregated within a 3-mile radius and speak to neighborhood dynamics rather than any individual property.
Safety indicators at the neighborhood level are mixed relative to regional and national benchmarks. Compared with neighborhoods nationwide, the area trends above average for lower property and violent offense exposure (property offense around the upper quartile for safety and violent offense modestly better than the national median). However, the year-over-year change signal shows a recent uptick in violent offenses, which investors should monitor when underwriting retention and security line items.
Within the Fort Lauderdale-Pompano Beach-Sunrise metro, the neighborhood s crime rank sits in the lower half among 345 neighborhoods, indicating safety performance that is below the metro median. Interpreting these data points in combination suggests prudent risk controls and community engagement can be relevant operational considerations. All figures reflect neighborhood-level trends, not the property.
Proximity to major employers underpins renter demand and commute convenience for the surrounding workforce, including roles tied to auto retail, healthcare services, logistics, and diversified corporate operations. The companies below represent nearby demand drivers accessible within typical commuting distance.
- AutoNation corporate offices (5.7 miles) HQ
- Johnson & Johnson corporate offices (12.3 miles)
- Tenet Healthcare Corporation, Florida Region healthcare services (17.0 miles)
- Ryder System logistics & transportation (17.3 miles) HQ
- Mosaic corporate offices (18.3 miles)
This 100-unit asset in Davie benefits from a neighborhood occupancy profile that is competitive within the metro and above national norms, supporting stable leasing. The renter-occupied share indicates a meaningful tenant base, while high ownership costs in the neighborhood reinforce ongoing reliance on rental housing. According to CRE market data from WDSuite, rent levels relative to income suggest careful lease management can balance pricing power with retention.
Demand fundamentals are supported by 3-mile radius trends showing population and household growth historically, with further expansion forecast. Operationally, NOI performance in the neighborhood trails national peers, pointing to potential value-add or management-driven efficiency gains if improvements are targeted toward livability and renewal outcomes. Investors should weigh these drivers against affordability pressure and monitor neighborhood safety trends when calibrating underwriting assumptions.
- Neighborhood occupancy above national norms supports leasing stability
- High-cost ownership market sustains renter demand and pricing power
- 3-mile radius shows population and household growth, expanding the tenant base
- Below-peer neighborhood NOI suggests room for value-add and operational uplift
- Risks: affordability pressure (rent-to-income) and mixed safety trends warrant prudent underwriting