| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 67th | Good |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5701 SW 82nd Ave, Davie, FL, 33328, US |
| Region / Metro | Davie |
| Year of Construction | 1991 |
| Units | 80 |
| Transaction Date | 2020-10-07 |
| Transaction Price | $17,850,000 |
| Buyer | FEDERATION DAVIE PRESERVATION LP |
| Seller | SOUTH BRO WARD JEWISH FEDERATION HSNG II |
5701 SW 82nd Ave Davie Multifamily Investment
Neighborhood fundamentals point to durable renter demand and stable occupancy, according to WDSuite’s CRE market data. Metrics cited reflect the surrounding neighborhood, not the property.
Situated in Davie’s inner-suburban fabric of the Fort Lauderdale-Pompano Beach-Sunrise metro, the neighborhood rates highly for livability and investment appeal (A+), ranking 5th among 345 metro neighborhoods — competitive within the metro and top quartile nationally on multiple measures. Amenity access scores strongly (national 88th percentile), with grocery, dining, and daily-needs retail density supportive of resident convenience and leasing velocity.
Rents in the neighborhood trend on the higher side for the region (median asking levels are elevated and have grown over the last five years), while occupancy has improved over the same period. The rent-to-income ratio is comparatively low for the area, which can ease affordability pressure and support retention. Home values are elevated relative to incomes, indicating a high-cost ownership market that tends to sustain reliance on multifamily rentals and can underpin pricing power.
Within a 3-mile radius, demographics show population and household growth over the past five years with projections through 2028 indicating continued gains, pointing to a larger tenant base over time. The area skews more owner-occupied than renter-occupied, yet the renter-occupied share remains meaningful, providing depth for multifamily demand while often supporting longer tenancies and occupancy stability.
Against metro and national commercial real estate trends, this neighborhood positions well for workforce and move-up renters: strong amenity access, improving occupancy, and an expanding 3-mile household base suggest durable demand drivers for stabilized and value-add strategies alike.
Neighborhood safety signals are mixed in a way investors should monitor. Overall crime benchmarks sit around the national middle (roughly the mid-percentiles), with violent offense measures comparing somewhat better than national averages and property offense measures comparing favorably at a higher national percentile. Recent one-year changes indicate increases in both categories, so underwriting should incorporate prudent management practices and trend monitoring rather than block-level assumptions. Comparisons reference the Fort Lauderdale-Pompano Beach-Sunrise metro (345 neighborhoods) and national percentiles.
Proximity to regional corporate employers supports a broad commuter tenant base and leasing stability, notably in automotive retail, healthcare, energy logistics, and diversified services.
- AutoNation — automotive retail HQ (8.5 miles) — HQ
- Johnson & Johnson — healthcare & consumer products (10.3 miles)
- Ryder System — logistics & transportation (14.8 miles) — HQ
- World Fuel Services — energy logistics (17.5 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (17.6 miles)
This Davie location benefits from strong neighborhood quality and amenity access, high but manageable rent positioning, and improving occupancy trends, based on CRE market data from WDSuite. Elevated home values relative to incomes reinforce renter reliance on multifamily housing, while a sizeable employment base across nearby corporate nodes supports demand and retention. Within a 3-mile radius, population and household growth — with further gains forecast through 2028 — point to a gradually expanding renter pool and support for long-term occupancy stability.
For investors, the thesis centers on durable suburban fundamentals, a commuter-friendly location within the Fort Lauderdale area, and income levels that align with sustained rent collections. Underwriting should remain disciplined around year-over-year safety trends and macro sensitivity, but the neighborhood’s competitive metro standing and national-percentile strengths create favorable conditions for both stabilized and targeted value-add strategies.
- Competitive neighborhood standing in the Fort Lauderdale metro with nationally strong amenity access
- Elevated ownership costs bolster multifamily demand and support pricing power and retention
- Expanding 3-mile population and households indicate a growing tenant base and occupancy support
- Proximity to major employers underpins leasing velocity and renewal depth
- Risk: monitor year-over-year safety trends and macro sensitivity in underwriting assumptions