| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 85th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1015 E Sunrise Blvd, Fort Lauderdale, FL, 33304, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 2009 |
| Units | 62 |
| Transaction Date | 2021-04-30 |
| Transaction Price | $99,500,000 |
| Buyer | BELL FUND VII SUNRISE LLC |
| Seller | GS SATORI LLLP |
1015 E Sunrise Blvd Fort Lauderdale Multifamily Investment
Newer 2009 vintage near core amenities supports renter demand and competitive positioning, according to WDSuite s CRE market data. Focus is on neighborhood fundamentals that can underpin occupancy stability and disciplined value-add execution.
Situated in Fort Lauderdale s inner-suburban fabric, the property benefits from a deep amenity base: grocery and pharmacy density ranks competitively among 345 metro neighborhoods and lands in the top quartile nationally, per WDSuite. Restaurant and caf e9 access is similarly strong (top quartile nationally), which supports daily convenience and leasing velocity. Park access is limited in this immediate area, so outdoor amenities may matter more for resident retention.
The neighborhood s housing stock skews older (average construction year 1982 across the neighborhood), while the subject s 2009 delivery provides a relative quality advantage and potentially lower near-term capital needs; investors should still plan for mid-life system updates and selective modernization to maintain competitive rents.
Renter concentration in the neighborhood is elevated (44.5% of housing units are renter-occupied), indicating a sizable tenant base; this metric describes the neighborhood, not the property. Neighborhood occupancy trends have been softer than national norms recently, so underwriting should emphasize leasing strategy and unit finishes that differentiate product in a supply-competitive corridor.
Within a 3-mile radius, population and households have grown over the last five years, with forecasts pointing to further household growth and a smaller average household size by 2028. This combination generally supports renter pool expansion and breadth of demand for smaller formats. Elevated home values in the neighborhood (top quartile nationally) suggest a high-cost ownership market that can sustain reliance on multifamily rentals, while rent-to-income indicators from WDSuite point to manageable affordability pressure that can aid lease retention.
Safety indicators for this neighborhood compare weaker than many areas in the metro and nationally. Based on WDSuite s data, the neighborhood s crime profile ranks in the lower tiers among 345 Fort Lauderdale metro neighborhoods and sits below national medians, implying that security features and active property management are important components of the business plan.
Recent year-over-year readings indicate an uptick in both property and violent offense rates at the neighborhood level. Investors should benchmark comps with similar positioning and incorporate pragmatic measures such as lighting, access controls, and visibility to support resident comfort and mitigate turnover risk. These statistics reflect the broader neighborhood, not incidents at the property.
Proximity to regional employers and headquarters supports workforce housing demand and commute convenience, with notable anchors including AutoNation, Tenet Healthcare, Office Depot, Johnson & Johnson, and Ryder.
- AutoNation corporate offices (1.4 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare services (14.6 miles)
- Office Depot corporate offices (18.3 miles) HQ
- Johnson & Johnson corporate offices (19.1 miles)
- Ryder System logistics & transportation (24.3 miles) HQ
The 62-unit, 2009-built asset offers a newer vintage relative to the neighborhood s predominantly early-1980s stock, positioning it well against older competitors while leaving room for targeted renovations to drive rent premiums. Amenity density is a clear strength (grocery, pharmacy, dining in the top quartile nationally), which can support leasing velocity and everyday convenience.
According to CRE market data from WDSuite, the neighborhood shows elevated renter concentration and strong household growth within a 3-mile radius, reinforcing depth in the tenant base. Still, neighborhood occupancy has trailed broader benchmarks and safety indicators are comparatively weaker, so the thesis favors disciplined management, curb appeal, and in-unit upgrades to support occupancy stability and pricing power over a long-term hold.
- Newer 2009 vintage versus older neighborhood stock, with potential for selective value-add.
- Strong daily convenience: top-quartile national access to groceries, pharmacies, and dining supports leasing.
- Within 3 miles, growing households and a sizable renter pool support long-run demand depth.
- High-cost ownership context favors sustained rental reliance and potential retention.
- Risks: neighborhood safety metrics and softer occupancy require active management and thoughtful capital planning.