| 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 Multifamily Investment
Neighborhood occupancy has been consistently high and the 2010 vintage supports competitive leasing relative to older stock, according to WDSuite's CRE market data. Positioned in Hollywood with proximity to major employers, the asset offers a straightforward stability pitch for investors focused on tenant retention.
The property sits in an Inner Suburb of the Fort Lauderdale metro where neighborhood occupancy is strong, placing the area near the top of the metro and in the top quartile nationally for occupied housing. This refers to neighborhood-level occupancy, not the property, and points to steady renter demand and lower lease-up risk for well-managed assets.
At the metro level, rents in this neighborhood track near national mid-range levels, while home values are comparatively elevated versus many U.S. areas. In investor terms, a high-cost ownership market can sustain reliance on multifamily, supporting pricing power and lease retention for professionally operated communities.
Tenure skew is more owner-occupied than renter-occupied, implying a modest renter concentration locally; however, the larger 3-mile radius shows population and household growth alongside rising incomes, expanding the tenant base and supporting occupancy stability over time. These 3-mile statistics speak to demand depth for a broader leasing funnel rather than block-level performance.
Construction year averages in the neighborhood trend older than the subject, making the 2010 vintage a competitive feature versus nearby 1990s-era stock. Investors should still plan for targeted modernization and systems upkeep typical of a roughly 15-year-old asset, but the relative age profile reduces immediate capital surprises compared with older comparables.
Immediate amenity density (grocery, parks, cafes, restaurants) is limited within the small neighborhood footprint, so marketing should emphasize access to the broader Hollywood–Fort Lauderdale corridor and nearby employment clusters. That positioning can offset low walk-to retail by highlighting commute convenience and regional lifestyle access, based on commercial real estate analysis from WDSuite.
Safety signals are mixed in a way investors often see in inner-suburban pockets: the neighborhood compares very well to many U.S. areas for lower violent and property incidents (top decile and top quartile nationally, respectively), yet its metro rank places it closer to higher-crime cohorts within Fort Lauderdale. In short, it performs better on national comparisons while reading more middle-of-the-pack locally.
Recent trends indicate a slight easing in violent incidents and a near-term uptick in property offenses, according to WDSuite's CRE market data. Underwriting should include prudent security and lighting enhancements, noting that the crime rank sits at 66 out of 345 metro neighborhoods while national percentiles indicate comparatively stronger safety versus the U.S. overall.
Proximity to a diverse employment base underpins renter demand, with large corporate offices in automotive retail, healthcare and consumer products, logistics, crop nutrition, and energy/logistics within commuting distance. These anchors support workforce stability and broaden the tenant pipeline.
- AutoNation — automotive retail (7.9 miles) — HQ
- Johnson & Johnson — healthcare & consumer products (10.1 miles)
- Ryder System — logistics & transportation (15.0 miles) — HQ
- Mosaic — crop nutrition (17.2 miles)
- World Fuel Services — energy & logistics (17.4 miles) — HQ
The investment case centers on occupancy stability, a newer 2010 vintage relative to nearby stock, and proximity to regional employment corridors. Neighborhood occupancy has remained high by metro standards and sits in the top quartile nationally, supporting consistent leasing and lower downtime risk for well-run assets. Based on CRE market data from WDSuite, ownership costs in the area are elevated versus many U.S. neighborhoods, which can sustain multifamily demand and help pricing discipline.
Demographics aggregated within a 3-mile radius show population and household growth alongside rising incomes, pointing to a larger tenant base and continued renter pool expansion. While immediate walkable amenities are limited and safety ranks are stronger nationally than within the metro, prudent management and targeted capital planning should keep the 2010-vintage community competitive against older comparables.
- High neighborhood occupancy supports leasing stability and retention.
- 2010 vintage offers competitive positioning versus older local stock with manageable modernization needs.
- Diverse nearby employers broaden the renter pipeline and support retention.
- Risks: limited immediate amenity density and metro-relative safety variability warrant conservative operations and security planning.