| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 28th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7300 Davie Road Ext, Hollywood, FL, 33024, US |
| Region / Metro | Hollywood |
| Year of Construction | 1984 |
| Units | 90 |
| Transaction Date | 2002-04-26 |
| Transaction Price | $110,000 |
| Buyer | WEST IONA |
| Seller | T & T INVESTMENT & TRADING CORP |
7300 Davie Road Ext, Hollywood FL Multifamily Investment
Neighborhood occupancy is in the top quartile nationally, supporting income stability, while the 1984 vintage suggests controllable value-add upside based on CRE market data from WDSuite.
This inner-suburb location in Hollywood offers durable renter demand fundamentals with neighborhood-level occupancy at 98.5%—a top quartile nationally signal that points to leasing resilience and lower downtime risk, according to WDSuite’s CRE market data. Immediate retail and park density is limited, so residents are likely to rely on short drives for daily needs, but proximity to major employment nodes supports consistent traffic for workforce-oriented housing.
The property’s 1984 construction is older than the neighborhood’s average 1992 vintage. Investors should plan for targeted capital improvements to maintain competitiveness and capture renovation-driven rent premiums, especially given the area’s strong occupancy backdrop. Smaller average unit sizes at the asset can align with budget-conscious renters and singles, though positioning and amenity strategy will matter for retention.
Demographic statistics are aggregated within a 3-mile radius: the population has grown modestly in recent years with households also increasing, and forecasts indicate further population growth and a larger household base through 2028. A renter-occupied share near two-fifths points to a sizable tenant pool, which supports ongoing leasing velocity and renewals when paired with disciplined unit turns.
Ownership costs are elevated relative to incomes in the neighborhood context, which tends to sustain reliance on rental housing and can support pricing power. Current rent-to-income levels indicate manageable affordability pressure, but ongoing rent growth should be balanced with lease management to protect retention. Compared with metro and national trends, overall livability is driven less by walkable amenities and more by access to jobs and stable occupancy conditions.
Safety indicators compare favorably at the national level: the neighborhood sits above the national average for overall safety, and violent incident measures are in the top tier nationwide. Recent trends show violent offenses easing slightly year over year, while property offenses have increased, suggesting investors should underwrite standard security measures and monitor near-term trends rather than assume linear improvement.
Within the Fort Lauderdale metro, conditions can vary block to block and among nearby neighborhoods. For underwriting, benchmark against immediate comps and plan for routine lighting, access control, and visibility enhancements to support tenant satisfaction and retention.
Nearby corporate employment anchors bolster the local renter base and shorten commutes for residents. Key demand drivers include AutoNation (automotive retail), Johnson & Johnson (pharmaceuticals), Ryder System (logistics), Mosaic (chemicals), and World Fuel Services (energy).
- AutoNation — automotive retail (7.9 miles) — HQ
- Johnson & Johnson — pharmaceuticals (10.1 miles)
- Ryder System — logistics (15.1 miles) — HQ
- Mosaic — chemicals (17.2 miles)
- World Fuel Services — energy (17.5 miles) — HQ
7300 Davie Road Ext benefits from neighborhood occupancy in the top quartile nationally, which supports income durability and limits turnover downtime. Demographic data within a 3-mile radius points to continued population growth and an expanding household base through 2028—favorable for sustaining a larger tenant pool and steady leasing, according to WDSuite’s commercial real estate analysis. Elevated ownership costs in the surrounding area reinforce multifamily demand, while current rent-to-income levels suggest room for disciplined rent management without overextending residents.
Built in 1984, the asset is older than the neighborhood average and presents clear value-add potential through strategic renovations and system upgrades. Given limited walkable amenities nearby, positioning around workforce access and commute convenience to major employers can support pricing and retention, with standard security and property management practices mitigating day-to-day risk.
- Neighborhood occupancy in the top quartile nationally supports income stability and lower vacancy risk.
- 1984 vintage offers value-add and modernization opportunities to enhance rent and retention.
- Expanding 3-mile renter pool and household growth underpin sustained leasing demand.
- Elevated ownership costs bolster reliance on rentals, supporting pricing power with prudent lease management.
- Risks: limited immediate amenity density and mixed near-term property offense trends warrant conservative underwriting and active management.