| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Poor |
| Demographics | 91st | Best |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2201 Mariner Dr, Fort Lauderdale, FL, 33316, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1976 |
| Units | 34 |
| Transaction Date | 2016-07-27 |
| Transaction Price | $11,000,000 |
| Buyer | PIER HP LLC |
| Seller | TCG CORINTHIAN HARBOUR POINTE PROP LLC |
2201 Mariner Dr, Fort Lauderdale Multifamily Opportunity
Positioned near Fort Lauderdale’s coastal employment and leisure nodes, the asset benefits from a high-income renter base and strong park and dining access, according to WDSuite’s CRE market data. The location supports stable leasing potential with upside via targeted renovations and professional operations.
The property sits in a suburban pocket of Fort Lauderdale with notable lifestyle appeal. Neighborhood data show abundant parks (top tier nationally) and solid restaurant density, while daily-needs retail like groceries and pharmacies is thinner within the immediate area. For investors, this mix suggests experiential amenity strength that can aid leasing and retention, alongside some convenience gaps that may modestly extend resident errand trips.
From a housing context, neighborhood rents skew high versus national norms, and the area’s median home values are elevated within the metro. In practice, this high-cost ownership environment can sustain renter reliance on multifamily housing and support pricing power when product is well-managed. Neighborhood occupancy metrics are reported for the neighborhood, not this property; they indicate soft overall occupancy locally, which underscores the importance of asset quality, marketing, and unit mix positioning in this micro-market.
Vintage patterns matter: the neighborhood’s average construction year is 1971, and this property was built in 1976. Being somewhat newer than the area’s average stock, the asset can compete against older buildings, though age still implies ongoing capital planning for systems modernization or selective value-add to meet today’s renter expectations.
Demographic statistics aggregated within a 3-mile radius indicate population and household growth alongside rising incomes, expanding the prospective renter pool. Roughly half of housing units in this wider radius are renter-occupied, which supports depth of demand for multifamily. Forward-looking trends in the 3-mile area point to additional increases in households and higher median incomes over the next five years, which can help sustain occupancy stability and rent performance for well-positioned assets.
Safety indicators for the neighborhood trend below national averages, with violent offense levels around the lower third nationally and property offenses closer to mid-range. Within the Fort Lauderdale metro, the neighborhood ranks toward the less safe end among 345 neighborhoods, indicating that owners should incorporate standard security measures and resident communication into operations.
Investors typically mitigate these factors through lighting, access control, and partnership with local patrols. Monitoring year-over-year shifts is prudent, as neighborhood-level safety can change over time relative to metro and national trends.
Proximity to corporate offices provides a steady employment base that can support renter demand and retention, particularly for professionals seeking short commutes. Key nearby employers include AutoNation, Tenet Healthcare Corporation (Florida Region), Johnson & Johnson, Office Depot, and Ryder System.
- AutoNation — corporate headquarters (2.3 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (17.4 miles)
- Johnson & Johnson — healthcare & consumer products offices (17.59 miles)
- Office Depot — corporate headquarters (21.01 miles) — HQ
- Ryder System — logistics & transportation headquarters (23.14 miles) — HQ
This 34-unit, 1976-vintage asset is positioned in a high-cost ownership area of Fort Lauderdale where elevated home values and strong household incomes reinforce multifamily demand. Based on commercial real estate analysis from WDSuite, the broader 3-mile radius shows population and household growth with rising incomes, supporting a larger tenant base over time. The property’s slightly newer vintage versus the neighborhood average offers a competitive edge against older stock, with clear opportunities for focused renovations and systems updates to enhance yield.
Neighborhood-level data show soft reported occupancy and thinner daily-needs retail, warranting disciplined leasing, amenity programming, and security best practices. Offsetting these risks are strong park and dining access, proximity to major employers, and a renter pool that is expanding in the wider trade area—factors that can underpin occupancy stability and measured rent growth for a well-managed asset.
- High-cost ownership market supports sustained renter demand and pricing power
- 1976 vintage slightly newer than area average, with value-add potential via modernization
- Expanding 3-mile renter pool and rising incomes bolster leasing fundamentals
- Access to parks, dining, and nearby corporate employers aids retention
- Risks: softer neighborhood occupancy and limited daily-needs retail require active management