| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 79th | Best |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3200 Stirling Rd, Hollywood, FL, 33021, US |
| Region / Metro | Hollywood |
| Year of Construction | 2009 |
| Units | 69 |
| Transaction Date | 2018-08-01 |
| Transaction Price | $22,775,000 |
| Buyer | JWC Dania, LLC |
| Seller | Royal Oaks United, LLC |
3200 Stirling Rd, Hollywood FL Multifamily Investment
Positioned in an inner-suburban pocket where neighborhood occupancy trends sit above the metro median, the asset benefits from steady renter demand and income resilience according to WDSuite’s CRE market data. With 2009 construction, it competes well against older local stock while allowing room for targeted modernization to support durable cash flow.
Hollywood’s inner-suburban location provides day-to-day convenience that supports leasing stability. Neighborhood amenities score competitively, with parks and pharmacies in the top quartile nationally, and cafes and restaurants also testing above national norms. This mix tends to sustain foot traffic and service access that renters value, reinforcing lease retention in comparable assets based on commercial real estate analysis from WDSuite.
The neighborhood ranks competitive among 345 Fort Lauderdale–Pompano Beach–Sunrise metro neighborhoods, reflecting strong overall livability and housing fundamentals. Rents in the area benchmark in the upper quartile nationally, while the local homeownership market shows elevated values compared with national norms. In practice, higher ownership costs can keep more households in the renter pool, supporting pricing power and occupancy for well-managed multifamily.
Construction vintage averages 1978 locally; this property’s 2009 build date offers a relative advantage versus older buildings while still warranting planning for mid-life system upgrades or selective renovations to maintain competitive positioning. Within a 3-mile radius, households have expanded over the last five years and are projected to grow further by 2028, alongside smaller average household sizes — dynamics that typically broaden the renter base and support occupancy stability.
Tenure data within a 3-mile radius indicates a renter-occupied share near half of housing units, signaling a deep tenant base for multifamily owners. Neighborhood occupancy is above the metro median, suggesting demand consistency, and NOI per unit benchmarks are strong for the area, according to CRE market data from WDSuite. School rating data is not available for this neighborhood, so underwriting should emphasize amenity access and commute patterns when assessing demand drivers.
Safety indicators are mixed when benchmarked against the metro and nation. At the metro level, the neighborhood’s overall crime rank is below the median (ranked 203 among 345 metro neighborhoods), indicating higher incident levels than many Fort Lauderdale–Pompano Beach–Sunrise peers. Nationally, property offense metrics compare more favorably (upper-tier percentile), while violent offense levels sit closer to the national middle.
Recent year-over-year changes show volatility, with higher relative increases in violent incidents and a more moderate trend for property offenses. For investors, this suggests prudent operating practices: lighting and access controls, community engagement, and coordination with local public safety resources. As always, evaluate block-level conditions and recent trends during diligence rather than relying solely on neighborhood-level summaries.
Proximity to diversified employers underpins renter demand and commute convenience. Key nearby anchors include AutoNation, Johnson & Johnson, Mosaic, Ryder System, and Tenet Healthcare Corporation, Florida Region.
- AutoNation — corporate offices (5.4 miles) — HQ
- Johnson & Johnson — corporate offices (12.5 miles)
- Mosaic — corporate offices (16.5 miles)
- Ryder System — corporate offices (18.0 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — corporate offices (18.9 miles)
Built in 2009 and sized for professional management, the property competes favorably against a neighborhood stock that skews older, which can reduce near-term capex uncertainty while preserving value‑add levers through targeted interior and system upgrades. According to CRE market data from WDSuite, neighborhood occupancy trends sit above the metro median, and nearby ownership costs are elevated versus national norms — conditions that typically sustain a deeper renter pool and support rent durability.
Within a 3-mile radius, recent household growth and forecasts for additional gains by 2028 point to a larger tenant base, while smaller average household sizes can translate into demand for multifamily units. Amenity access (notably parks, pharmacies, and dining) further supports retention potential, though underwriting should account for localized safety variability and standard operating enhancements.
- 2009 vintage outcompetes older neighborhood stock; plan selective modernization for continued positioning
- Occupancy above metro median supports income stability and leasing velocity
- Elevated ownership costs locally reinforce renter reliance on multifamily housing
- 3-mile household growth and smaller household sizes expand the renter base
- Risk: safety indicators show variability; assume prudent security/operations in underwriting