| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Poor |
| Demographics | 38th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 939 Siesta Key Blvd, Deerfield Beach, FL, 33441, US |
| Region / Metro | Deerfield Beach |
| Year of Construction | 1987 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | $31,191,000 |
| Buyer | KEYS HOLDING VENTURE LTD PARTNERSHI |
| Seller | SIESTA KEY LTD PRTNR |
939 Siesta Key Blvd Deerfield Beach Multifamily Investment
Positioned in an Inner Suburb with steady renter demand, the neighborhood s occupancy has held in the low-90s, supporting income stability for well-managed assets, according to WDSuite s CRE market data.
The property sits in Deerfield Beach s Inner Suburb context within the Fort Lauderdale Pompano Beach Sunrise metro (345 neighborhoods benchmarked). Amenity access is a relative strength: the area is competitive among metro neighborhoods (rank 24 of 345) and lands in the top quartile nationally, with solid coverage of cafes, parks, pharmacies, and groceries that supports day-to-day convenience and resident retention.
Renter demand fundamentals are favorable. The neighborhood s occupied housing share is above the metro median (occupancy trends near the low-90% range), and the share of housing units that are renter-occupied is among the highest in the metro, indicating a deep tenant base for multifamily and supporting leasing durability through cycles.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth with further increases projected, pointing to a larger tenant base over the next five years. Median contract rents in the 3-mile area have risen and are forecast to continue trending upward, which typically supports rent roll growth for competitive properties; we note this as a directional signal rather than a guarantee.
The 1987 construction is slightly newer than the neighborhood s average vintage (mid-1980s), offering modest competitive positioning versus older stock while still warranting planning for systems updates or selective renovations to enhance rentability. Home values in the immediate neighborhood trend on the lower end of national comparisons, which can introduce some competition from ownership alternatives; owners should manage pricing and renewal strategies accordingly to sustain occupancy.
Safety indicators are mixed when viewed against both metro and national peers. Within the Fort Lauderdale Pompano Beach Sunrise metro (345 neighborhoods), the neighborhood s crime rank (252 of 345) places it below metro average on safety. Nationally, overall safety percentiles are lower (around the 30s), and violent offense comparisons sit in the lower national percentiles as well.
Recent directionality shows some improvement in property offenses, with estimated rates trending down year over year. Investors typically underwrite prudent security and lighting improvements, encourage resident engagement, and coordinate with management practices that address these dynamics without relying on short-term shifts.
A diversified employment base nearby supports workforce housing demand and commute convenience, led by corporate headquarters and healthcare operations including Office Depot, Tenet Healthcare, and AutoNation.
- Office Depot corporate offices (6.5 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare services (10.2 miles)
- AutoNation corporate offices (13.2 miles) HQ
- Siegel Financial Group - Northwestern Mutual financial services (27.9 miles)
- Johnson & Johnson corporate offices (30.2 miles)
939 Siesta Key Blvd offers scale at 80 units in a renter-heavy neighborhood where occupancy performance sits above the metro median, supporting income stability for experienced operators. Based on CRE market data from WDSuite, amenity access ranks competitively in the metro and in the top quartile nationally, reinforcing resident convenience and retention. The 1987 vintage is slightly newer than the neighborhood average, suggesting manageable capital scope with potential value-add upside through systems modernization and targeted interior updates.
Within a 3-mile radius, population and households have expanded and are projected to grow further, indicating a larger tenant base and support for occupancy over the medium term. At the neighborhood level, elevated rent-to-income ratios point to affordability pressure; disciplined renewal strategies and unit finish differentiation can help balance pricing power with retention. Safety metrics trail metro and national benchmarks, so underwriting should include operational measures to support resident confidence.
- Renter concentration among the highest in the metro supports depth of tenant demand
- Occupancy trends above metro median with competitive amenities aiding retention
- 1987 vintage with scope for value-add through systems and interior updates
- 3-mile population and household growth signal a larger tenant base over time
- Risks: affordability pressure and safety metrics below metro/national averages require prudent management