| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 12th | Poor |
| Amenities | 38th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5227 NW 18th Pl, Lauderhill, FL, 33313, US |
| Region / Metro | Lauderhill |
| Year of Construction | 1973 |
| Units | 84 |
| Transaction Date | 2015-05-13 |
| Transaction Price | $5,460,000 |
| Buyer | Victoria One LLC |
| Seller | BAZ Associates LLC, Private Investor, Cresmont Capital Acquistions Group, PCraicseh/ uEnqitu aivnadle /nsft |
5227 NW 18th Pl Lauderhill Multifamily Investment
Stabilized renter demand and a deep tenant base in Lauderhill support consistent leasing, according to WDSuite’s CRE market data. Neighborhood occupancy trends in the low-90s point to steady operations with room for value-add positioning.
This Urban Core location in Lauderhill sits within the Fort Lauderdale–Pompano Beach–Sunrise metro and serves predominantly workforce renters. Neighborhood occupancy trends are solid (above the metro median by rank), and renter-occupied housing is a large share of units, indicating a sizable tenant pool and potential for stable leasing and renewal activity.
Livability signals are mixed but serviceable for renters. Grocery access ranks in the higher tier locally and tests in a strong national percentile, while parks coverage performs in the top decile nationwide — supportive for everyday needs and outdoor access. Cafe and pharmacy density are limited in the immediate area, suggesting residents rely on broader corridor amenities for discretionary and healthcare services. Compared with other Fort Lauderdale metro neighborhoods (345 total), overall neighborhood standing is lower by rank, but housing indicators register above the metro median.
Vintage matters for capital planning: the property was built in 1973, slightly older than the neighborhood’s average vintage. This generally implies ongoing maintenance needs and potential value-add or modernization upside to improve competitive positioning against newer stock.
Demographics within a 3-mile radius indicate modest population growth over the past five years and a notable increase in households, with forecasts calling for further population and household expansion. A growing household base typically enlarges the renter pool and supports occupancy stability. Median home values in the neighborhood context remain below many coastal Florida submarkets, but the value-to-income relationship sits in a higher national percentile, and ownership costs relative to incomes can sustain reliance on rental housing. Rent-to-income ratios point to some affordability pressure, which investors should manage through lease strategies and amenity/value-add alignment.
Safety indicators are mixed and should be considered at the neighborhood level rather than for any specific property. Relative to the 345 neighborhoods in the Fort Lauderdale metro, the area’s crime rank places it competitive among metro neighborhoods. Nationally, overall safety tests slightly above the median percentile, indicating performance near the national middle.
Recent trends diverge by category: property crime has moved lower year over year, while violent offense estimates have increased over the same period. These contrasting signals warrant ongoing monitoring and engagement with local management practices. As always, investors should underwrite operations with neighborhood-level context rather than block-level assumptions.
The employment base combines corporate headquarters and regional offices that broaden the renter catchment and support commute convenience for workforce and office employees. Nearby anchors include AutoNation, Tenet Healthcare, Johnson & Johnson, Office Depot, and Ryder System.
- AutoNation — automotive retail HQ (5.2 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (11.2 miles)
- Johnson & Johnson — healthcare & consumer products offices (17.6 miles)
- Office Depot — office supplies HQ (18.6 miles) — HQ
- Ryder System — logistics & transportation HQ (21.9 miles) — HQ
5227 NW 18th Pl benefits from a deep renter base and steady neighborhood occupancy, supporting durable cash flow potential relative to metro peers. The 1973 construction suggests near- to medium-term capital planning and selective renovations could enhance competitive stance and retention, especially as nearby households expand and rely on rental options. According to CRE market data from WDSuite, neighborhood housing indicators are above the metro median by rank, while ownership costs and rent-to-income dynamics point to continued renter reliance balanced with affordability-aware lease management.
Within a 3-mile radius, recent population growth and a larger household count expand the tenant pool, and forecasts indicate further gains that can underpin occupancy stability. Amenity access is practical — strong groceries and parks — though limited cafe and pharmacy density and mixed safety signals should be incorporated into operations and marketing. Overall, the asset’s scale (84 units) and value-add potential position it as a pragmatic multifamily hold in a workforce corridor.
- Deep renter concentration supports leasing stability and renewal potential
- 1973 vintage offers value-add and modernization upside with targeted CapEx
- Expanding households within 3 miles enlarge the tenant base and support occupancy
- Practical amenity mix (groceries, parks) aids day-to-day livability for renters
- Risks: affordability pressure, limited cafe/pharmacy density, and mixed safety trends to monitor