| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Fair |
| Demographics | 27th | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3181 W Hallandale Beach Blvd, Hallandale, FL, 33009, US |
| Region / Metro | Hallandale |
| Year of Construction | 1972 |
| Units | 32 |
| Transaction Date | 2015-07-14 |
| Transaction Price | $3,000,000 |
| Buyer | RJO HOLDING HALLANDALE LLC |
| Seller | ARDEVCO LLC |
3181 W Hallandale Beach Blvd Hallandale Multifamily
Neighborhood fundamentals point to steady renter demand and above-median occupancy at the area level, according to WDSuite’s CRE market data. Investors can underwrite durable cash flow drivers supported by strong everyday amenities and an inner-suburban location.
This inner-suburban Hallandale location offers day-to-day convenience that generally supports leasing. The neighborhood ranks 21st of 345 metro neighborhoods for cafes and 16th for grocery access, placing it in the top quartile nationally for both — a useful draw for renters who prioritize walkable essentials. Restaurant density trends above the metro median as well, adding to lifestyle appeal without solely relying on destination retail.
At the neighborhood level (not the property), occupancy is stable and modestly higher than national midpoints, and rents have grown over the past five years, indicating healthy renter demand. Median contract rent benchmarks in this area sit in an upper range for the region while the rent-to-income profile suggests manageable affordability pressure for operators considering renewal strategies.
Ownership costs are elevated relative to local incomes by national standards (higher value-to-income ratios), which typically sustains reliance on multifamily housing and can reinforce pricing power and retention for well-managed assets. Childcare and park access are limited compared to other parts of the metro, so positioning toward adult households and commuters may resonate more than family-focused amenities.
Demographic statistics aggregated within a 3-mile radius point to continued population growth and a larger household base ahead, with household sizes trending smaller — dynamics that expand the renter pool and support occupancy stability. Vintage in the immediate area skews newer than this asset; the property’s 1972 construction suggests potential value-add through targeted modernization to stay competitive against 1980s-era stock.
Safety indicators are mixed and broadly near the metro average. The neighborhood’s overall crime rank sits around the middle of 345 Fort Lauderdale–Pompano Beach–Sunrise neighborhoods, while its national standing trends below the median, indicating comparatively higher incidents than many U.S. neighborhoods.
Trend signals diverge by category: property offenses have declined year over year at a pace that is strong by national comparison (upper-tier improvement), whereas violent offense rates have risen over the past year and sit below national percentiles for safety. For underwriting, this suggests standard security measures and tenant screening remain important, with attention to recent trends rather than single-year snapshots.
The nearby employment base includes corporate offices across auto retail, healthcare, logistics, and energy—providing commute convenience that can support renter retention and weekday occupancy. The list below highlights notable employers within typical commuting distance.
- AutoNation — auto retail HQ (9.5 miles) — HQ
- Johnson & Johnson — healthcare products offices (9.6 miles)
- Mosaic — chemicals & agriculture offices (12.4 miles)
- Ryder System — logistics HQ (15.5 miles) — HQ
- World Fuel Services — energy & fuel solutions HQ (16.5 miles) — HQ
3181 W Hallandale Beach Blvd is a 32-unit, 1972-vintage asset positioned in an amenity-rich inner suburb where neighborhood-level occupancy is stable and renter demand is supported by strong cafe and grocery access. The vintage is older than nearby averages, creating a straightforward value-add path through unit and systems modernization to compete effectively with 1980s-era stock.
Based on commercial real estate analysis from WDSuite, the area’s rent-to-income profile indicates manageable affordability pressure for operators, while elevated value-to-income ratios in ownership housing tend to sustain renter reliance on multifamily. Within a 3-mile radius, population and household growth — alongside smaller household sizes — point to a growing tenant base that can support occupancy and renewal performance over the medium term.
- Amenity-rich location (top-quartile cafe and grocery access) that supports leasing and retention
- Neighborhood-level occupancy stability with rent growth supporting durable revenue management
- 1972 vintage offers value-add upside via interior and building systems upgrades
- Expanding 3-mile renter pool with smaller household sizes supports demand depth
- Risks: mixed safety trends and limited parks/childcare in the immediate area require targeted positioning and standard security measures