| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 21st | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 940 S Dixie Ct, Fort Lauderdale, FL, 33311, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 2009 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
940 S Dixie Ct Fort Lauderdale 20-Unit Multifamily
Renter demand is reinforced by a high neighborhood renter-occupied share and occupancy reported near the low-90s, according to WDSuite’s CRE market data, positioning this Urban Core asset for steady leasing.
Located in Fort Lauderdale’s Urban Core, the property sits in a renter-driven neighborhood with a renter-occupied share of roughly seven in ten units, indicating depth in the tenant base for multifamily operators. Neighborhood occupancy is reported at 91.6%, suggesting generally stable leasing conditions, based on CRE market data from WDSuite.
Daily needs are well served: grocery access is strong and restaurants are plentiful, with both categories performing well versus national norms. By contrast, the area shows limited park, cafe, and pharmacy density, so resident appeal leans more toward urban convenience than green-space adjacency.
Within a 3-mile radius, population and households have grown over the last five years, and WDSuite’s outlook points to continued population growth and a notable increase in households. This supports a larger tenant base and potential leasing resilience, even as average household size trends smaller.
Home values in the neighborhood sit in a higher national percentile relative to local incomes, signaling a high-cost ownership context that can sustain reliance on rental housing. For operators, that backdrop can aid pricing power and retention, though it warrants attentive lease management where rent-to-income pressures emerge.
The asset’s 2009 construction is newer than the neighborhood’s average vintage (1984). That relative youth can enhance competitive positioning versus older stock and may defer some near-term capital needs, while still warranting planning for mid-life system updates and targeted modernization.
Safety metrics for the neighborhood trend weaker relative to both the metro and national landscape. The area ranks 331 out of 345 metro neighborhoods for crime, placing it among the less safe parts of the metro, and it sits in a low national safety percentile. According to CRE market data from WDSuite, recent-year estimates indicate increases in both property and violent offenses, underscoring the need for prudent security measures and tenant-experience protocols.
For investors, underwriting should incorporate security operating practices (lighting, access control, and partnerships with local resources) and sensitivity tests on marketing and turnover assumptions reflective of these conditions. Comparisons to nearby, better-ranked neighborhoods can help calibrate achievable rent positioning.
Proximity to a diversified employment base supports renter demand and commute convenience. Nearby anchors include corporate headquarters and regional offices in automotive retail, healthcare administration, consumer products, and business services.
- AutoNation — automotive retail HQ (0.72 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (14.59 miles)
- Johnson & Johnson — consumer products offices (17.57 miles)
- Office Depot — office supplies HQ (19.41 miles) — HQ
- Ryder System — logistics HQ (22.71 miles) — HQ
This 20-unit Fort Lauderdale asset combines Urban Core convenience with a strong renter-occupied share in the surrounding neighborhood, supporting depth of demand. Neighborhood occupancy is reported at 91.6%, and home values sit high relative to incomes, creating a high-cost ownership backdrop that can sustain reliance on multifamily rentals. The 2009 vintage offers a competitive edge versus older area stock, with potential to capture demand without immediate heavy repositioning, while planning for mid-life system upgrades.
Within a 3-mile radius, population and household counts have increased, and WDSuite’s projections point to continued population growth and further household expansion—favorable conditions for tenant-base expansion and lease-up resilience. According to commercial real estate analysis from WDSuite, these fundamentals, paired with proximity to major employers, support stable operations; investors should still account for localized safety conditions and manage affordability pressure with disciplined rent-to-income oversight.
- Urban Core location with strong renter-occupied share supports a deep tenant base and leasing stability.
- 2009 construction provides relative competitiveness versus older neighborhood stock with moderate near-term capex needs.
- 3-mile population and household growth, with further expansion projected by WDSuite, underpins demand durability.
- High-cost ownership context can reinforce renter reliance, supporting pricing power and retention when managed carefully.
- Risks: comparatively weaker safety metrics and affordability pressures; underwrite security protocols and rent-to-income sensitivity.