| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Poor |
| Demographics | 85th | Best |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2201 NE 36th St, Lighthouse Point, FL, 33064, US |
| Region / Metro | Lighthouse Point |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | 2021-12-23 |
| Transaction Price | $5,040,000 |
| Buyer | RAM LIGHTHOUSE LLC |
| Seller | 2201 VENTURE LLC |
2201 NE 36th St, Lighthouse Point FL — Multifamily Investment Snapshot
Stabilizing renter demand and an owner-leaning neighborhood support steady leasing dynamics, according to WDSuite’s CRE market data.
Lighthouse Point sits in an inner-suburb pocket of the Fort Lauderdale metro with an A- neighborhood rating (ranked 76 of 345, placing it in the top quartile among metro neighborhoods). Grocery access, parks, and restaurants score above national norms, while cafes and pharmacies are more limited—pointing to day-to-day convenience with a leaner retail mix.
Within a 3-mile radius, household counts have expanded and are projected to grow further, even as average household size trends lower. This dynamic typically broadens the tenant base and supports occupancy stability. Median incomes in the 3-mile area have risen, and rent levels have increased alongside them, reinforcing the ability to support market rents without overreliance on top-end price points.
Neighborhood-level occupancy has improved over the past five years but remains below national norms, suggesting some leasing friction balanced by ongoing demand. The area’s renter-occupied share within the 3-mile radius provides a meaningful tenant pool, while a substantial owner presence can temper volatility and support retention.
Home values in the neighborhood are elevated compared with national benchmarks, which tends to sustain reliance on multifamily housing and bolster pricing power for well-positioned assets. In this context, measured capital planning and targeted upgrades can differentiate the property for residents seeking quality rental options—an insight supported by WDSuite’s commercial real estate analysis of local amenity strength and income trends.
Safety indicators are mixed compared with national benchmarks. The neighborhood sits below the national median for overall safety (around the 36th–39th percentiles for crime and violent crime), while property-related offenses align closer to midrange nationally. Within the Fort Lauderdale metro, the area ranks below the metro median (221 out of 345 neighborhoods) for safety.
Recent year-over-year estimates indicate upticks in both violent and property offenses. For investors, prudent measures—such as lighting, access control, and resident engagement—can help mitigate risk and support leasing performance without relying on block-level assumptions.
The area draws from a diversified employment base across headquarters, auto retail, healthcare services, pharmaceuticals, and logistics—supporting workforce housing demand and commute convenience for renters. Nearby employers include Office Depot, AutoNation, Tenet Healthcare, Johnson & Johnson, and Ryder System.
- Office Depot — office supplies (9.0 miles) — HQ
- AutoNation — auto retail (11.2 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (11.7 miles)
- Johnson & Johnson — pharmaceuticals (28.6 miles)
- Ryder System — logistics (33.4 miles) — HQ
Built in 1974, the 24-unit asset is slightly newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while still benefiting from targeted modernization to drive rent premiums and retention. Elevated neighborhood home values reinforce reliance on rental housing, and the 3-mile area shows rising incomes and expanding household counts—factors that typically underpin steady absorption and pricing power.
Neighborhood occupancy has improved over five years but remains below national norms, so asset performance will hinge on execution: curb appeal, unit upgrades, and lease management. Even so, proximity to diversified employers and durable inner-suburban amenities provides a foundation for demand. According to CRE market data from WDSuite, the submarket’s income profile and elevated ownership costs are consistent with sustained renter demand rather than transient spikes.
- Newer-than-area-average 1974 vintage supports competitive positioning with room for value-add
- Elevated neighborhood home values sustain renter reliance, aiding pricing power and retention
- 3-mile household growth and rising incomes expand the tenant base and support occupancy stability
- Demand supported by nearby HQs and healthcare employers, reinforcing leasing fundamentals
- Risk: neighborhood occupancy sits below national norms, requiring strong operations and targeted upgrades