| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 39th | Poor |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2201 N University Dr, Pembroke Pines, FL, 33024, US |
| Region / Metro | Pembroke Pines |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | 2019-09-16 |
| Transaction Price | $10,000,000 |
| Buyer | SP TOWER LLC |
| Seller | DP PEMBROKE LLC |
2201 N University Dr Pembroke Pines Multifamily Opportunity
Positioned in an inner-suburb pocket where neighborhood occupancy trends are steady and renter demand is supported by household growth, according to WDSuite’s CRE market data. This commercial real estate analysis points to durable leasing fundamentals with room for value-add differentiation.
The property sits in an Inner Suburb of the Fort Lauderdale–Pompano Beach–Sunrise metro with a neighborhood rating of B and overall conditions that are competitive among 345 metro neighborhoods. Amenity access trends favor daily convenience: restaurants and pharmacies score in the top quartile nationally, and parks land well above average, indicating day-to-day livability that supports retention.
Renter dynamics are supported by a 3-mile radius profile showing a sizable renter-occupied base alongside ongoing household growth, which expands the tenant pool and supports occupancy stability. Median contract rents in the neighborhood test high relative to national norms while the rent-to-income relationship remains manageable, suggesting pricing power tempered by affordability management for renewals.
Schools in the neighborhood rate below national averages, which may influence unit mix positioning or marketing toward households prioritizing convenience and employment access. Neighborhood occupancy performance is above the metro median among 345 neighborhoods, and recent gains indicate demand resilience, based on CRE market data from WDSuite.
The average construction year in the surrounding neighborhood skews to the early 1990s, while this asset’s 1980 vintage is older; that typically implies moderate capital planning and a clear path for value-add upgrades that can improve competitive positioning against newer stock.
Safety indicators for the neighborhood are generally competitive within the Fort Lauderdale–Pompano Beach–Sunrise metro, ranking favorably compared with many of the 345 neighborhoods in the region. Nationally, the area tracks around the middle to slightly above average on combined crime measures, indicating conditions that are neither outlier-strong nor structurally weak compared with U.S. neighborhoods.
Property-related offenses trend better than national norms and improved sharply year over year, placing recent declines among the stronger improvements seen nationwide. Violent-offense measures sit closer to the national middle and have shown some recent upward movement; landlords should emphasize standard lighting, access control, and resident engagement practices while monitoring trend direction rather than relying on a single-year swing.
Proximity to major corporate offices underpins a broad commuter tenant base and supports leasing stability, with concentrations in auto retail, healthcare, logistics, energy, and industrials appearing within a 20-mile radius. The employers below reflect realistic commute times that can reinforce workforce housing demand.
- AutoNation — auto retail HQ (8.9 miles) — HQ
- Johnson & Johnson — healthcare & consumer products (9.2 miles)
- Ryder System — logistics & transportation (14.1 miles) — HQ
- World Fuel Services — energy services (16.5 miles) — HQ
- Mosaic — industrials & materials (16.8 miles)
This 100-unit 1980-vintage asset in Pembroke Pines benefits from steady neighborhood occupancy, strong daily convenience, and access to a diversified employment base. According to CRE market data from WDSuite, neighborhood occupancy trends have held above the metro median, while restaurants, pharmacies, and parks score well nationally—factors that can support leasing velocity and retention. With the local stock averaging newer construction, targeted renovations can help close the competitive gap and capture rent premiums where affordability remains workable.
Within a 3-mile radius, population and household counts are growing, which expands the renter pool over the medium term. High home values in the neighborhood context sustain reliance on rental options, supporting pricing power, but below-average school ratings and mixed safety trends suggest prudent leasing strategies and ongoing operational focus. Overall, the location’s employment access and livability support a durable, value-add thesis while acknowledging standard operational risks.
- Steady neighborhood occupancy above the metro median supports leasing stability and renewal potential.
- 1980 vintage offers clear value-add pathways to compete with newer nearby stock.
- Strong national standing for restaurants, pharmacies, and parks underpins day-to-day livability and retention.
- Expanding 3-mile household base indicates a larger tenant pool and supports occupancy over time.
- Risks: below-average school ratings and mixed safety trends call for tailored marketing and property-level safety practices.