| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 60th | Good |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3880 S Circle Dr, Hollywood, FL, 33021, US |
| Region / Metro | Hollywood |
| Year of Construction | 2000 |
| Units | 103 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3880 S Circle Dr Hollywood FL Multifamily Investment
Neighborhood renter demand is supported by a high renter-occupied housing share and a high-cost ownership market, according to WDSuite’s CRE market data. For investors, that combination points to a durable tenant base and steady leasing conditions around Hollywood’s inner-suburban corridor.
Situated in Hollywood’s Inner Suburb, the property benefits from a renter-occupied housing share of 54.7% in the neighborhood, indicating deep tenant demand and a broad leasing pool for multifamily assets. Neighborhood occupancy sits in the high 80s and has improved over the past five years, supporting leasing stability even as competition persists.
Local livability signals are mixed but investable. Restaurants are relatively dense (top decile nationally), and pharmacy access is strong (above the 90th percentile nationwide), while parks, cafes, and groceries are limited within the immediate neighborhood. Average school ratings trend below national norms, which can matter for certain renter cohorts but typically has less impact on workforce-oriented properties.
Within a 3-mile radius, population has grown in recent years and households increased at a faster clip, expanding the renter pool and supporting absorption. Forward-looking estimates indicate continued household growth through 2028 alongside smaller average household sizes, which generally favors multifamily demand and supports occupancy stability.
From a housing cost standpoint, neighborhood home values sit above national medians and the value-to-income ratio ranks in the top decile nationally, signaling a high-cost ownership market that tends to reinforce reliance on rental housing. At the same time, rent-to-income levels indicate some affordability pressure for renters, suggesting an emphasis on retention and prudent lease management.
Vintage matters: with a 2000 construction year versus an area average near the late 1970s, the asset is newer than much of the local stock. That typically supports competitive positioning against older comparables, while still warranting capital planning for aging systems and selective modernization to drive rent premiums.
Safety indicators are mixed and should be evaluated in both metro and national context. Within the Fort Lauderdale-Pompano Beach-Sunrise metro, the neighborhood’s crime rank is 4th among 345 neighborhoods, indicating higher crime levels relative to nearby areas. In national comparisons, however, several measures land in the upper quartiles for safety, and both violent and property offenses show year-over-year declines, according to WDSuite’s CRE market data.
For underwriting, this suggests paying attention to on-site security practices and resident experience, while noting improving trendlines and competitive positioning versus many neighborhoods nationwide.
The leasing base is supported by proximity to major corporate employers across Greater Fort Lauderdale and Miami, providing commute convenience for a diversified workforce. Nearby employers include AutoNation, Johnson & Johnson, Mosaic, Ryder System, and World Fuel Services.
- AutoNation — corporate offices (8.0 miles) — HQ
- Johnson & Johnson — corporate offices (10.2 miles)
- Mosaic — corporate offices (14.1 miles)
- Ryder System — corporate offices (15.9 miles) — HQ
- World Fuel Services — corporate offices (17.4 miles) — HQ
This 103-unit, 2000-vintage property sits in an inner-suburban Hollywood neighborhood with a deep renter base, steady neighborhood occupancy, and household growth in the 3-mile trade area that expands the tenant pool. Elevated ownership costs in the neighborhood support reliance on rental housing, while restaurant and pharmacy access provide daily convenience despite limited nearby parks, cafes, and groceries.
Based on CRE market data from WDSuite, renter concentration, improving neighborhood occupancy, and projected household growth support long-term leasing stability. The asset’s newer vintage relative to much of the local stock provides competitive positioning, with value-add potential through targeted system upgrades and modernization. Key risks to underwrite include local crime positioning within the metro, rent-to-income pressures for some households, and subpar school ratings.
- Renter-occupied share above half of units locally supports a durable tenant base and consistent leasing.
- Household growth within 3 miles points to renter pool expansion and supports occupancy stability.
- 2000 vintage is newer than much of the area’s stock, offering competitive positioning and value-add via modernization.
- High-cost ownership market reinforces demand for rentals, aiding retention and pricing power management.
- Risks: higher crime rank within the metro, affordability pressure for some renters, and below-average school ratings.