| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 26th | Poor |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3380 NW 30th St, Lauderdale Lakes, FL, 33311, US |
| Region / Metro | Lauderdale Lakes |
| Year of Construction | 1972 |
| Units | 48 |
| Transaction Date | 2018-10-19 |
| Transaction Price | $6,150,000 |
| Buyer | TGC New Castle LLC |
| Seller | Garderie Pasteur Inc |
3390 NW 30th St, Lauderdale Lakes FL Multifamily Investment
Within a renter-heavy neighborhood, tenant demand is supported by ongoing household growth in the 3-mile radius, according to WDSuite’s CRE market data. Neighborhood occupancy trends are below the metro median, so leasing execution and thoughtful pricing will matter.
Lauderdale Lakes sits within the Fort Lauderdale–Pompano Beach–Sunrise metro and scores above the metro median on overall neighborhood ranking (251 out of 345), indicating competitive fundamentals among peer submarkets. The 3-mile radius shows population and household growth, expanding the local renter pool and helping underpin absorption and renewal velocity for workforce-oriented units.
Daily needs are convenient: neighborhood grocery and pharmacy access ranks in the higher national percentiles, while cafes and parks are limited. For multifamily operations, this mix supports day-to-day livability and resident retention, even if lifestyle amenities are not the primary draw.
Renter concentration is high (59% of housing units are renter‑occupied; top decile nationally), signaling depth of tenant demand. By contrast, the neighborhood’s occupancy rate ranks below the metro median, implying that operators may need to compete on service quality and targeted concessions to sustain occupancy stability through cycles.
Home values sit in a high‑cost ownership context relative to local incomes (upper‑percentile value‑to‑income ratio), which tends to sustain reliance on rental housing and supports pricing power for well‑managed assets. Median contract rents in the neighborhood have increased meaningfully over the past five years, aligning with broader South Florida trends noted in WDSuite’s commercial real estate analysis.
Safety indicators are mixed and should be underwritten with care. The neighborhood’s crime ranking is below the metro average (ranked 276 among 345 metro neighborhoods), and national comparisons place it below midpack for safety. Recent trends are nuanced: estimated property offenses declined year over year, while estimated violent offenses increased, per WDSuite’s dataset. Operators should plan for appropriate security measures and resident communication to support retention.
The area benefits from proximity to regional employers spanning corporate services, healthcare, and logistics, supporting commuter convenience and a steady renter base. Notable nearby employers include AutoNation, Tenet Healthcare, Office Depot, Johnson & Johnson, and Ryder System.
- AutoNation — corporate headquarters (4.2 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (11.1 miles)
- Office Depot — corporate offices (17.2 miles) — HQ
- Johnson & Johnson — pharmaceuticals / medical products (19.0 miles)
- Ryder System — logistics & transportation (23.6 miles) — HQ
Built in 1972, the asset is older than the neighborhood average vintage and may warrant capital planning for systems, common areas, and unit interiors—creating value‑add potential where renovations can translate into rent premiums. The surrounding neighborhood is renter‑heavy with an expanding 3‑mile household base, suggesting depth of demand for well‑positioned workforce units despite occupancy ranks that sit below the metro median.
According to CRE market data from WDSuite, the area offers strong daily‑needs access and a high‑cost ownership landscape relative to incomes—factors that generally sustain multifamily demand and support lease retention for competitive product. Underwriting should account for mixed safety trends and rent‑to‑income pressure, balancing renovation scope with achievable pricing and ongoing leasing execution.
- 1972 vintage offers clear value‑add and modernization levers for income growth
- Renter‑occupied share is high, providing a deep tenant base and demand resiliency
- Daily‑needs amenities nearby and a high‑cost ownership market support rental reliance
- Proximity to major employers underpins leasing stability for workforce housing
- Risks: below‑median neighborhood occupancy, affordability pressure, and safety considerations require disciplined pricing and operations