| 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, Hallandle Bch, FL, 33009, US |
| Region / Metro | Hallandle Bch |
| Year of Construction | 1972 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3181 W Hallandale Beach Blvd Multifamily Investment, FL
Neighborhood occupancy trends sit near the metro median and are reinforced by strong retail and service access in the immediate area, according to WDSuite’s CRE market data.
This inner-suburb location offers daily convenience that supports renter retention: the neighborhood scores competitively within the Fort Lauderdale-Pompano Beach-Sunrise metro for cafes and groceries (both among the stronger concentrations metro-wide and high nationally), while park and childcare options are limited. For investors, the amenity mix points to everyday convenience that can aid leasing, with fewer recreational greenspaces to highlight.
Rents in the neighborhood benchmark above many areas nationally, and the area’s rent growth over the last five years has outpaced typical wage gains locally, suggesting sustained renter willingness to pay for convenience. Neighborhood occupancy is close to the metro median and has trended upward over the past five years, a constructive backdrop for revenue stability. Median home values are elevated relative to local incomes, which can sustain reliance on multifamily housing and help pricing power for well-positioned assets.
The property’s 1972 vintage is older than the neighborhood average construction year. That typically implies near- to medium-term capital planning around building systems and interiors, but also creates clear value-add pathways where thoughtful renovations can improve competitive positioning against newer stock.
Tenure patterns suggest a balanced renter base: within the neighborhood, renter-occupied share is lower than many urban cores, while within a 3-mile radius renters account for a larger portion of occupied housing. Combined with modest population growth and an increasing number of households within 3 miles, this points to a broader, expanding tenant pool that can support leasing and occupancy across cycles based on commercial real estate analysis from WDSuite.
Safety levels in this neighborhood track around the middle of the metro distribution (ranked near the midpoint among 345 Fort Lauderdale–area neighborhoods). Compared with neighborhoods nationwide, indicators are below the national median on safety; however, estimated property offenses have declined materially year over year, an encouraging directional trend for operators.
Investors should underwrite with standard precautions appropriate for inner-suburb assets, focusing on lighting, access control, and resident engagement. Monitoring recent trend data and adjacent submarket dynamics can help maintain leasing traction while managing risk.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, notably from AutoNation, Johnson & Johnson, Mosaic, Ryder System, and World Fuel Services.
- AutoNation — corporate offices (9.5 miles) — HQ
- Johnson & Johnson — corporate offices (9.5 miles)
- Mosaic — corporate offices (12.4 miles)
- Ryder System — corporate offices (15.5 miles) — HQ
- World Fuel Services — corporate offices (16.5 miles) — HQ
This 32‑unit, 1972-vintage asset offers a straightforward value-add thesis in an inner-suburb location where amenity access supports day-to-day livability and neighborhood occupancy trends sit near the metro median. According to CRE market data from WDSuite, the area compares competitively for food and daily needs while home values remain high relative to incomes, which tends to reinforce reliance on rental housing and support pricing power for well-maintained communities.
Within a 3-mile radius, population and household counts have grown with forecasts pointing to further household expansion, implying a larger tenant base over time. Given the older vintage relative to neighborhood stock, targeted renovations and system upgrades can improve positioning versus newer assets while maintaining rent-to-income balance that supports resident retention.
- Value-add potential: 1972 construction suggests clear renovation and systems-upgrade pathways to enhance rents and retention.
- Demand drivers: strong cafe and grocery density and near-median occupancy support leasing stability.
- Broader renter pool: within 3 miles, growth in households points to a larger base of prospective renters over time.
- Pricing power backdrop: elevated ownership costs relative to incomes can sustain reliance on multifamily housing.
- Key risks: older systems may require capex; safety metrics are below national median, warranting active property management.