| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 29th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 NE 1st St, Hallandale Beach, FL, 33009, US |
| Region / Metro | Hallandale Beach |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 NE 1st St Hallandale Beach Multifamily Investment
Neighborhood renter concentration and improving occupancy point to a durable tenant base, according to WDSuite’s CRE market data. Older vintage suggests potential value-add upside if renovations target demand drivers rather than chasing top-of-market finishes.
Hallandale Beach’s inner-suburb location combines strong amenity access with established multifamily demand. Neighborhood amenities test in the top quartile nationally for food and daily-needs access, with especially dense restaurant, cafe, park, and pharmacy options supporting resident convenience and lease retention, based on WDSuite’s CRE market data.
At the neighborhood level (not the property), renter-occupied housing accounts for a high share of units, indicating a deep tenant pool for a 24-unit asset. Median asking rents benchmark above national medians, while the local occupancy rate has trended higher over the last five years — a constructive backdrop for maintaining collections and limiting downtime through normal turnover cycles.
Vintage across the area skews to the mid-1970s. With a 1972 construction date, the property is slightly older than the neighborhood average, which typically implies near-term capital planning for systems and common areas but also creates value-add and repositioning potential to stand out against older comparables.
Within a 3-mile radius, population has been roughly flat recently, but WDSuite’s data points to growth in households over the next five years, implying smaller average household sizes and a larger renter pool. Home values and the value-to-income ratio sit on the higher side for the area, which tends to sustain reliance on multifamily housing and can support occupancy stability; however, elevated rent-to-income levels suggest affordability pressure that warrants active lease management.
Safety conditions should be viewed in regional context. Neighborhood-level indicators place the area around or above national medians for safety on several measures, and recent trends show notable year-over-year declines in both property and violent offense estimates. Specifically, estimated property offense rates fell sharply and violent offense estimates also moved lower, indicating improving conditions versus the prior year.
Across the Fort Lauderdale metro, some neighborhoods report lower incident rates, while others are higher; this area sits in the mixed middle when viewed locally but compares favorably to many neighborhoods nationwide. Investors typically underwrite standard measures such as lighting, access control, and landscape visibility to support resident confidence and retention.
Nearby corporate offices create a broad employment base that supports renter demand and commute convenience for workforce and professional tenants. Key employers within a reasonable drive include AutoNation, Johnson & Johnson, Mosaic, Ryder System, and World Fuel Services.
- AutoNation — automotive retail HQ (9.2 miles) — HQ
- Johnson & Johnson — healthcare & consumer products offices (11.1 miles)
- Mosaic — agribusiness offices (12.1 miles)
- Ryder System — logistics & transportation HQ (17.1 miles) — HQ
- World Fuel Services — energy & logistics HQ (17.9 miles) — HQ
400 NE 1st St offers exposure to a renter-heavy neighborhood with improving occupancy trends and top-tier amenity access that supports retention. The 1972 vintage is slightly older than the local average, pointing to targeted CapEx and value-add potential to differentiate from nearby stock while keeping operating risk in view. According to CRE market data from WDSuite, neighborhood rents sit above national medians and homeownership costs are comparatively high for local incomes — factors that tend to reinforce rental demand even as affordability pressures call for disciplined leasing.
Within a 3-mile radius, households are projected to increase, signaling a larger tenant base over the next cycle. Proximity to diverse employment hubs across Broward and Miami-Dade underpins steady demand, while neutral-to-improving safety trends further support long-term occupancy. Key risks include sensitivity to rent-to-income ratios and the need for ongoing capital planning associated with an older asset.
- Renter-heavy neighborhood with improving occupancy supports stable leasing
- Strong amenity access (food, parks, daily needs) aids retention
- 1972 vintage offers value-add potential with focused CapEx
- Household growth within 3 miles expands the tenant base
- Risks: rent-to-income sensitivity and capital needs typical of older assets