| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 37th | Poor |
| Amenities | 52nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 700 Lock Rd, Deerfield Beach, FL, 33442, US |
| Region / Metro | Deerfield Beach |
| Year of Construction | 1995 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
700 Lock Rd Deerfield Beach 72-Unit Multifamily
Renter demand is supported by a majority of renter-occupied housing in the neighborhood and occupancy that has trended upward over five years, according to WDSuite s CRE market data. The 72-unit scale positions the asset for operational efficiency in a steady inner-suburban location.
This inner-suburban pocket of Deerfield Beach shows balanced livability drivers for workforce renters. Parks and pharmacies index in the low 80s nationally by amenity availability, while restaurants sit around the national middle; daily convenience like cafes and full-service grocers is thinner inside the neighborhood itself, so residents often rely on nearby corridors for those needs.
On housing fundamentals, neighborhood occupancy has improved over the past five years, supporting leasing stability. The share of housing units that are renter-occupied is about half, indicating a deep tenant base and consistent multifamily demand. Within a 3-mile radius, population and household counts have risen in recent years and are projected to grow further, expanding the renter pool and helping backfill turnover.
Vintage matters for competitiveness: the property s 1995 construction is newer than the neighborhood s average vintage (early 1980s). This positioning can reduce near-term functional obsolescence versus older stock, though selective system upgrades or common-area refreshes may still be warranted to support retention and rent trade-outs.
From an affordability lens, neighborhood home values trend below many coastal South Florida submarkets, which can reinforce renter reliance on multifamily housing. At the same time, rent-to-income levels indicate some affordability pressure locally, suggesting proactive lease management and amenity-value alignment are important for pricing power and resident retention.
Safety signals are mixed relative to national benchmarks. Overall crime levels track below the national median for safety (national percentiles around the 30s for property crime and teens for violent crime indicate more exposure than safer areas nationwide), while within the Fort Lauderdale-Pompano Beach-Sunrise metro the neighborhood is not among the top-performing cohorts. For investors, this typically argues for attentive on-site management, lighting, and access control to support resident confidence and leasing.
Recent trend data is more constructive on property incidents, with a meaningful year-over-year decline placing the neighborhood in a stronger improvement tier nationally. Violent incident estimates, however, moved up over the last year. Taken together, the trajectory warrants continued monitoring and standard risk-mitigation practices rather than signaling a structural deterrent to demand.
Proximity to a diversified employment base supports commuter convenience and renter retention, including Office Depot, Tenet Healthcare, AutoNation, Siegel Financial Group, and Sysco Southeast Florida.
- Office Depot corporate headquarters (5.4 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare administration (9.7 miles)
- AutoNation automotive retail headquarters (14.2 miles) HQ
- Siegel Financial Group Northwestern Mutual financial services offices (26.9 miles)
- Sysco Southeast Florida foodservice distribution (30.6 miles)
700 Lock Rd combines a 72-unit footprint and 1995 vintage with neighborhood fundamentals that favor steady occupancy. The area s renter concentration supports a reliable tenant base, and within a 3-mile radius both population and households have grown with further expansion forecast, which can translate into demand depth and backfill support. Based on commercial real estate analysis from WDSuite, occupancy in the neighborhood has trended higher over the last five years, aligning with sustained renter demand.
Relative to older 1980s neighborhood stock, the property s vintage provides competitive positioning, though selective updates can unlock value-add potential. Ownership costs in the immediate area are relatively accessible by South Florida standards, which often sustains renter reliance on multifamily housing; however, rent-to-income readings point to some affordability pressure, making asset-level operations and amenity strategy important for retention and pricing discipline.
- 72 units and mid-1990s vintage provide operational scale with relative competitive positioning versus older stock.
- Renter-occupied housing share and 3-mile population and household growth expand the tenant base and support occupancy stability.
- Neighborhood occupancy has improved over five years, per WDSuite s CRE market data, reinforcing leasing durability.
- Value-add upside through targeted renovations and common-area enhancements to differentiate from older 1980s product.
- Risks: affordability pressure and mixed safety signals call for disciplined lease management, security, and expense control.