| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 29th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 321 NE 1st Ct, Hallandale Beach, FL, 33009, US |
| Region / Metro | Hallandale Beach |
| Year of Construction | 1972 |
| Units | 32 |
| Transaction Date | 2011-04-13 |
| Transaction Price | $64,000 |
| Buyer | SF DD LLC |
| Seller | SALINAS ROBERTO |
321 NE 1st Ct Hallandale Beach 32-Unit Multifamily
Neighborhood fundamentals point to a deep renter base and steady demand, according to WDSuite’s CRE market data, with high amenity access and renter-occupied share measured at the neighborhood level rather than the property itself.
Hallandale Beach’s inner-suburb location delivers strong daily convenience: cafes, restaurants, parks, pharmacies, childcare, and groceries all score in high national percentiles, placing the neighborhood among the better-served areas for lifestyle amenities. This supports leasing velocity and retention for workforce and lifestyle renters alike, based on commercial real estate analysis from WDSuite.
Renter concentration is high at the neighborhood level (renter-occupied share is well above most U.S. neighborhoods), shaping a deep local tenant pool and supporting multifamily demand durability. Neighborhood occupancy trends sit near the middle of national peers, suggesting stable—but competitive—leasing conditions where property quality and management can differentiate.
Within a 3-mile radius, demographic patterns show modest population growth and a larger increase in households over the past five years, with further household expansion projected by 2028. A rising share of higher-income households alongside smaller average household sizes translates to a larger renter pool and supports occupancy stability for well-positioned assets.
Ownership costs in the neighborhood are elevated relative to incomes by national comparison, which tends to reinforce reliance on rental housing and can bolster pricing power for competitive units. However, rent-to-income levels indicate affordability pressure for some renter segments, making unit finishes, efficient floor plans, and disciplined renewal strategies important for retention.
Average neighborhood construction vintage is mid-1970s. The subject’s 1972 vintage places it slightly older than the local norm, which can offer value-add potential through targeted renovations and building systems updates to improve competitive positioning versus nearby stock.
Safety metrics should be viewed comparatively and over time. Nationally, neighborhood-level indicators are above average for property offenses and around the national midpoint for violent offenses, and both categories have improved meaningfully year over year. This combination points to constructive recent trends and a safety profile that is competitive in a national context, while investors should still benchmark against nearby Fort Lauderdale-area submarkets during diligence.
Given variation across blocks and corridors, evaluate site-specific factors (lighting, access control, visibility) and management practices. Framing security upgrades within capital plans can support tenant retention and NOI stability where appropriate.
The area draws from a diversified employment base across corporate headquarters and regional offices, supporting renter demand through commute convenience and workforce stability. Nearby anchors include AutoNation, Johnson & Johnson, Mosaic, Ryder System, and World Fuel Services.
- AutoNation — corporate offices (9.1 miles) — HQ
- Johnson & Johnson — corporate offices (11.1 miles)
- Mosaic — corporate offices (12.2 miles)
- Ryder System — corporate offices (17.1 miles) — HQ
- World Fuel Services — corporate offices (17.9 miles) — HQ
321 NE 1st Ct offers a 32-unit, 1972-vintage asset in a renter-heavy Hallandale Beach neighborhood with strong amenity access and a broad commuter employment base. According to multifamily property research from WDSuite, neighborhood occupancy is steady, while elevated renter concentration and projected household growth within a 3-mile radius point to durable demand for well-managed units.
The 1972 construction suggests scope for value-add through interior upgrades and selective system improvements to enhance competitiveness against mid-1970s stock nearby. Investors should balance pricing power stemming from a high-cost ownership landscape with prudent lease management given rent-to-income pressures at the neighborhood level.
- High neighborhood renter-occupied share supports a deep tenant base and stable demand.
- Strong amenity access (food, parks, services) aids leasing and retention.
- 1972 vintage provides clear value-add and systems-upgrade pathways to improve competitive positioning.
- Diversified nearby employers and HQs underpin commute convenience and renter appeal.
- Risk: Neighborhood rent-to-income pressures require disciplined renewals and attention to affordability to protect retention.