| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 79th | Best |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3101 Emerald Pointe Dr, Hollywood, FL, 33021, US |
| Region / Metro | Hollywood |
| Year of Construction | 1990 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3101 Emerald Pointe Dr Hollywood Multifamily Investment
Neighborhood occupancy has trended upward, supporting cash flow resilience, according to WDSuite’s CRE market data.
Situated in Hollywood’s inner suburb of the Fort Lauderdale–Pompano Beach–Sunrise metro, the property benefits from a neighborhood rated A with performance that is competitive among 345 metro neighborhoods. Occupancy in the surrounding neighborhood sits above the national median and has improved over the past five years, a constructive backdrop for stabilization and renewals.
Daily-life amenities are a relative strength: restaurant and cafe density ranks in the upper national percentiles, parks access is top quartile nationally, and pharmacy access is especially strong. Grocery access is solid for the metro. This mix supports resident convenience and helps sustain renter demand without relying on destination retail.
Vintage matters for competitiveness. Built in 1990 versus an average neighborhood construction year of 1978, the asset is newer than much of the local stock, which can aid leasing versus older comparables; investors should still plan for modernization of aging systems as part of capital planning.
Within a 3-mile radius, demographics point to a durable renter base: households and families have increased over the last five years and are projected to continue growing, even as average household size trends modestly smaller—supporting demand for multifamily units. Median incomes in the neighborhood rank in the upper national percentiles, and neighborhood rents also sit above national norms, suggesting pricing power is attainable with disciplined lease management. Elevated home values in the area reinforce reliance on multifamily housing and can support retention for quality product.
Safety indicators are mixed when viewed against national benchmarks. Property crime compares favorably versus neighborhoods nationwide (upper national percentile), while violent offense levels sit closer to the national median, according to WDSuite’s datasets. Recent year readings show some volatility in violent offense rates, so prudent operators may prioritize security-minded site management and resident communication to support retention.
Proximity to a diverse employment base—including auto retail headquarters, pharmaceuticals, basic materials, logistics, and energy distribution—supports renter demand and commute convenience for workforce tenants in this submarket.
- AutoNation — auto retail HQ and corporate (6.1 miles) — HQ
- Johnson & Johnson — pharmaceuticals offices (11.7 miles)
- Mosaic — basic materials/corporate (16.1 miles)
- Ryder System — logistics & fleet management (17.2 miles) — HQ
- World Fuel Services — energy distribution (19.0 miles) — HQ
This 24-unit asset built in 1990 is positioned in a neighborhood with improving occupancy and above-median national performance, underpinned by strong household incomes and amenity access. The property’s newer-than-average vintage versus local stock can support leasing competitiveness, while elevated area home values help sustain reliance on multifamily rentals. Based on CRE market data from WDSuite, neighborhood rents trend above national norms and the local renter pool is supported by household growth within a 3-mile radius, anchoring demand and aiding renewal velocity.
Forward-looking, demographic projections within 3 miles indicate additional increases in households alongside smaller average household sizes—dynamics that typically expand the tenant base for well-managed units. Capital plans should consider systems modernization to capture value-add upside, and operators may monitor safety trends and amenity mix (notably limited formal childcare nearby) to maintain resident satisfaction.
- Neighborhood occupancy above the national median with positive five-year trend supports stabilization and renewals.
- 1990 vintage is newer than much of the local stock, aiding leasing versus older comparables with targeted upgrades.
- Elevated home values and high household incomes bolster pricing power and retention for quality units.
- 3-mile household growth and smaller household sizes expand the renter pool and support occupancy stability.
- Risks: recent volatility in violent offense rates and limited formal childcare options warrant active property and resident engagement.