| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 24th | Poor |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5941 Summerlake Dr, Davie, FL, 33314, US |
| Region / Metro | Davie |
| Year of Construction | 2001 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5941 Summerlake Dr Davie Multifamily Investment Outlook
Neighborhood occupancy trends appear steady and competitive within the Fort Lauderdale metro, according to WDSuite’s CRE market data, supporting long-run leasing stability for professionally managed units in Davie.
Situated in Davie’s inner-suburban context, the property benefits from a renter base supported by local services and daily-needs retail. Restaurant options are strong for the area, with availability competitive at the national level (roughly top quartile), and parks access also tests well versus U.S. neighborhoods. Cafes and groceries are reasonably represented, while childcare and pharmacies are comparatively sparse. For operators, this mix suggests everyday convenience for residents with a few categories that remain underbuilt.
The asset’s 2001 construction is newer than the neighborhood’s typical 1980s vintage. That positioning can be advantageous against older stock, with potential for rent premiums if finishes and systems are kept current; owners should still plan for selective modernization and mid-life system replacements over the hold.
Within the neighborhood, approximately four in ten housing units are renter-occupied. This renter concentration indicates a meaningful tenant pool and supports absorption for multifamily communities, while still competing with ownership options nearby. Neighborhood occupancy performance is competitive among Fort Lauderdale–area neighborhoods, a positive read-through for stabilization and renewals.
Demographic statistics are aggregated within a 3-mile radius. The local population expanded over the past five years and households grew by roughly the low double digits, with forecasts pointing to continued population growth through 2028 and a notably larger household count. This trajectory implies a larger tenant base and sustained demand for rental units. Median and mean household incomes have risen materially, broadening the addressable renter pool, though smaller average household sizes ahead may favor a mix of one- and two-bedroom demand profiles.
Home values in the neighborhood test above national medians, and the value-to-income relationship ranks in the higher national percentiles, indicating a high-cost ownership market. That context typically reinforces reliance on multifamily housing and can support pricing power and retention for well-located, professionally managed assets. At the same time, neighborhood rent-to-income ratios skew elevated, which warrants careful lease management and amenity-value alignment to mitigate affordability pressure.
Safety signals are mixed and should be evaluated in context. Compared with neighborhoods nationwide, estimated property offense levels track above average (a comparatively safer read), and violent offense levels are moderately favorable as well. However, recent year-over-year changes indicate some upward movement in incident estimates, so owners should underwrite prudent security measures and monitor trends over time rather than relying on a single-year read.
Within the Fort Lauderdale metro, the neighborhood’s crime positioning is roughly mid-pack among 345 neighborhoods. For investors, this suggests operating assumptions aligned to typical inner-suburban South Florida communities, with emphasis on lighting, access control, and partnerships with local public safety for resident assurance and retention.
Nearby employers include AutoNation, Johnson & Johnson, Tenet Healthcare, Ryder System, and Mosaic, providing a diverse white-collar and healthcare-oriented employment base that supports renter demand and retention through commute convenience.
- AutoNation — auto retail HQ and corporate (6.2 miles) — HQ
- Johnson & Johnson — life sciences offices (12.3 miles)
- Tenet Healthcare Corporation, Florida Region — healthcare services (16.4 miles)
- Ryder System — logistics and transportation HQ (17.0 miles) — HQ
- Mosaic — chemicals and materials (18.9 miles)
This 108-unit community at 5941 Summerlake Dr is positioned in a neighborhood with competitive occupancy relative to the Fort Lauderdale metro and a renter share that supports depth of demand. The 2001 vintage is newer than nearby 1980s-era stock, offering a relative edge versus older properties while still calling for targeted mid-life upgrades. Demographic statistics within a 3-mile radius show recent population and household growth with additional expansion forecast, a constructive backdrop for tenant pipeline and renewal stability. The ownership landscape reads as higher-cost, which tends to sustain multifamily reliance and pricing power for well-maintained assets. According to CRE market data from WDSuite, neighborhood rent levels and occupancy trends align with durable renter demand, though affordability pressure warrants prudent lease management.
Key considerations include balancing value-add improvements against rent-to-income sensitivities and maintaining security and operations consistent with inner-suburban norms. Proximity to diversified employment nodes further supports leasing velocity and resident retention.
- Newer 2001 construction versus neighborhood average, enabling competitive positioning with focused modernization
- Competitive neighborhood occupancy and a meaningful share of renter-occupied units support demand stability
- 3-mile population and household growth, with further expansion forecast, enlarges the tenant base
- High-cost ownership context reinforces reliance on rentals and can aid pricing power for quality product
- Risk: Elevated rent-to-income ratios and mixed safety trends call for careful lease and operations management