| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 28th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7350 Davie Road Ext, Hollywood, FL, 33024, US |
| Region / Metro | Hollywood |
| Year of Construction | 2010 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7350 Davie Road Ext, Hollywood FL Multifamily Investment
Neighborhood occupancy is strong and the 2010 vintage positions the asset competitively against older local stock, according to WDSuite’s CRE market data.
Situated in Hollywood’s inner-suburban fabric of the Fort Lauderdale-Pompano Beach-Sunrise metro, the property benefits from a neighborhood occupancy level that is competitive among 345 metro neighborhoods and in the top quartile nationally. For investors, that supports leasing stability and lowers downtime risk when compared with weaker submarkets.
Local amenity density within the immediate neighborhood is thin (few cafes, groceries, parks, or pharmacies per square mile), so residents often rely on nearby corridors for daily needs. From an investment perspective, that can concentrate demand into well-managed communities with on-site conveniences and strong operations.
Construction in the neighborhood skews older than the subject’s 2010 delivery (neighborhood average year built is earlier), which gives newer assets a relative competitive edge while still warranting planning for mid-life system updates and modernization to maintain positioning.
Within a 3-mile radius, demographics show steady population growth with a larger family presence and increasing household counts, pointing to a broader tenant base over time. Renter-occupied housing comprises roughly two-fifths of units in this radius, indicating meaningful multifamily demand depth that can support occupancy and renewal performance.
Home values in the neighborhood are elevated relative to many U.S. areas, reinforcing reliance on rental options and helping sustain pricing power for well-run multifamily assets. Neighborhood household incomes sit around the middle of the national distribution, which, combined with measured rent-to-income levels, suggests manageable affordability pressure and supports retention-oriented leasing strategies.
Safety indicators compare favorably on a national basis. Violent-offense measures are in the top quartile nationally, and property-offense measures also benchmark in the stronger tiers, indicating comparatively lower incident rates versus many U.S. neighborhoods. These are neighborhood-level metrics and may not reflect block-level conditions.
Within the Fort Lauderdale-Pompano Beach-Sunrise metro, trends indicate stability rather than sharp deterioration, which helps underpin renter confidence and lease retention. As always, investors should align underwriting with current security practices and local trendlines rather than isolated anecdotes.
Proximity to regional employers supports a broad workforce renter pool and commute convenience. Notable nearby employment nodes include AutoNation, Johnson & Johnson, Ryder System, Mosaic, and World Fuel Services.
- AutoNation — automotive retail HQ and corporate (8.0 miles) — HQ
- Johnson & Johnson — healthcare & consumer products offices (10.1 miles)
- Ryder System — logistics & transportation HQ (15.0 miles) — HQ
- Mosaic — agriculture & chemicals offices (17.2 miles)
- World Fuel Services — energy & logistics HQ (17.4 miles) — HQ
The combination of strong neighborhood occupancy and a 2010 vintage presents a straightforward, operations-led thesis. Based on CRE market data from WDSuite, the neighborhood’s occupancy performance is competitive within the metro and in higher national tiers, supporting leasing stability. The asset’s newer construction relative to much of the surrounding stock enhances competitive positioning, while mid-life capital planning can target modernization that preserves rentability.
Within a 3-mile radius, population and household counts have risen and are projected to continue growing, expanding the renter pool. Elevated ownership costs in the area further reinforce reliance on multifamily housing, supporting demand durability. Investors should note the limited immediate amenity density and underwrite to on-site services and management quality as key differentiators.
- Competitive neighborhood occupancy supports leasing stability and pricing discipline.
- 2010 construction offers an edge versus older local stock, with targeted mid-life upgrades to sustain performance.
- 3-mile population and household growth indicate a larger tenant base and potential for steady absorption.
- Elevated home values bolster rental demand and can aid retention in professionally managed communities.
- Risk: Thin immediate amenity density; execution relies on on-site offerings and strong property management.