| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 11th | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 713 NW 10th Ter, Fort Lauderdale, FL, 33311, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 2013 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
713 NW 10th Ter Fort Lauderdale 22-Unit Multifamily
2013 construction positions this asset competitively against older local stock while the neighborhood s renter-occupied share and solid occupancy support stable leasing, according to WDSuite s CRE market data.
Situated within Fort Lauderdale 19s inner-suburb fabric, the property benefits from everyday amenities and proximity to employment. Neighborhood grocery and restaurant density ranks competitive among Fort Lauderdale-Pompano Beach-Sunrise neighborhoods (out of 345), and parks access trends above national averages. Cafe and pharmacy options are more limited within the immediate area, which may slightly reduce walk-to convenience for select services.
Occupancy in the neighborhood ranks above the metro median (137 out of 345), and the share of housing units that are renter-occupied is also above the metro median (55 out of 345). For investors, that mix points to a deeper tenant base and supports renewal potential through typical cycles, based on CRE market data from WDSuite.
At the same time, this is a high-cost ownership context relative to local incomes (value-to-income metrics place the neighborhood in the top decile nationally), which tends to reinforce reliance on multifamily rentals and can aid lease retention. Rent-to-income ratios trend elevated (low national percentile), suggesting affordability pressure that warrants thoughtful rent setting and resident retention strategies.
The asset 19s 2013 vintage is newer than the neighborhood 19s average construction year, which can improve competitive positioning versus older stock and limit near-term capital needs; over a typical hold, investors should still plan for periodic system updates and common-area refreshes to sustain occupancy and rents.
Demographic statistics aggregated within a 3-mile radius indicate modest population growth and an increase in households over the last five years, with projections calling for further gains through 2028. This trajectory supports a larger tenant base and underpins demand for rental units, according to WDSuite 19s commercial real estate analysis.
Safety indicators for the immediate neighborhood trail both metro and national benchmarks. The area 19s overall crime rank sits below the metro median (318 out of 345 Fort Lauderdale 2DPompano Beach 2DSunrise neighborhoods), and national percentiles trend on the lower end. For underwriting and operations, investors commonly weigh enhanced lighting, access control, and resident engagement to support on-site conditions and retention.
Recent year trends suggest crime levels have experienced upticks, so monitoring updated data and aligning property-level measures with local best practices remains prudent. These figures are neighborhood-wide and not specific to this property.
Nearby corporate hubs provide a diversified employment base that supports renter demand and commute convenience, including headquarters and healthcare administration noted below.
- AutoNation automotive retail HQ operations (1.1 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare administration (14.1 miles)
- Johnson & Johnson healthcare & consumer products offices (18.0 miles)
- Office Depot office supplies corporate offices (18.9 miles) HQ
- Mosaic agriculture & materials corporate office (22.2 miles)
713 NW 10th Ter offers a 22 unit, 2013 built asset positioned in an inner suburb location where neighborhood occupancy ranks above the metro median and renter concentration is high relative to peers. Newer construction versus the neighborhood s older average improves competitive standing against legacy stock while daily needs retail and regional employers support steady leasing. According to CRE market data from WDSuite, the surrounding ownership market skews higher cost relative to incomes, which generally sustains reliance on rentals and can aid retention.
Key considerations include elevated rent to income levels at the neighborhood scale, which call for disciplined rent management, and safety metrics that trail metro benchmarks, requiring active, property level operating focus. With prudent capital planning and resident experience initiatives, the asset can target stable occupancy and incremental rent growth in line with submarket performance.
- 2013 vintage competes well versus older neighborhood stock; plan periodic system and common area updates over hold
- Neighborhood occupancy above the metro median supports leasing stability through cycles
- High cost ownership context reinforces multifamily renter reliance and renewal potential
- Diverse nearby employers bolster demand and commute convenience for residents
- Risks: Elevated rent to income and below average neighborhood safety require attentive leasing strategy and on site security practices