| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 70th | Best |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 311 NW 87th Dr, Plantation, FL, 33324, US |
| Region / Metro | Plantation |
| Year of Construction | 1984 |
| Units | 28 |
| Transaction Date | 1984-12-01 |
| Transaction Price | $1,141,071 |
| Buyer | AVAILABLE NOT |
| Seller | AVAILABLE NOT |
311 NW 87th Dr, Plantation FL Multifamily Investment
Positioned in an inner-suburb neighborhood that has maintained occupancy near metro averages and sustained renter demand, this asset benefits from a renter-occupied housing base and strong amenity access, according to WDSuite’s commercial real estate analysis.
The property sits in an Inner Suburb of the Fort Lauderdale–Pompano Beach–Sunrise metro that ranks 35 out of 345 metro neighborhoods (A rating), placing it in the top quartile locally. Nationally, amenity access is above average, with strong concentrations of cafes, restaurants, parks, and pharmacies. Immediate grocery options within the neighborhood are limited, but broader retail nodes are accessible within short drives.
Neighborhood occupancy is around the metro midpoint, and asking rents sit in the higher band for the region, based on CRE market data from WDSuite. The neighborhood’s renter-occupied share is meaningful, supporting a deep tenant base for multifamily leasing and renewals. Within a 3-mile radius, households have increased while average household size has edged lower, which can expand the renter pool and support lease-up and retention.
Vintage matters: the average neighborhood construction year is 1985, and this property’s 1984 vintage is similar. Investors should plan for typical mid-1980s capital items (building systems, exteriors, common areas) and consider value-add renovations to sharpen competitiveness versus newer stock while leveraging established location fundamentals.
Demographic statistics aggregated within a 3-mile radius show modest recent population growth and a larger increase in households, with additional gains projected. Rising median and mean incomes in the area, alongside a high-cost ownership landscape relative to local incomes, tend to reinforce reliance on multifamily rentals—supporting occupancy stability and pricing power while warranting attention to rent-to-income levels in lease management.
Safety indicators are competitive among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods, with the area positioned modestly above the national midpoint overall. Recent trends point in a favorable direction: estimated violent and property offense rates have declined over the past year, according to CRE market data from WDSuite.
Even with these improvements, property crime remains a relative soft spot compared with national benchmarks, while violent offense measures track closer to national midline. Interpreted for investors, this suggests typical suburban risk management considerations—lighting, access control, and resident engagement—rather than a structural deterrent to demand.
Nearby corporate employers provide a diversified white-collar employment base that supports renter demand and retention, including AutoNation, Tenet Healthcare, Johnson & Johnson, Ryder System, and Office Depot.
- AutoNation — automotive retail corporate HQ (7.5 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (12.5 miles)
- Johnson & Johnson — pharma & medical products offices (15.2 miles)
- Ryder System — logistics & transportation corporate offices (19.1 miles) — HQ
- Office Depot — office supplies corporate offices (21.3 miles) — HQ
311 NW 87th Dr is a 28-unit, 1984-vintage asset in an A-rated inner-suburban neighborhood where occupancy has held near metro averages and rents skew toward the higher end locally. The combination of a meaningful renter-occupied housing base in the neighborhood and a high-cost ownership market supports multifamily demand, while 3-mile demographics point to population growth and a faster rise in households—conditions that can underpin a larger tenant base and steady renewals, based on CRE market data from WDSuite.
The 1984 vintage suggests attention to mid-life building systems and common areas, creating practical avenues for value-add upgrades. Given elevated rent-to-income ratios in the neighborhood, operators should emphasize revenue management and resident retention strategies while leveraging location advantages and proximity to diversified employment centers.
- Inner-suburban A-rated location with occupancy near metro norms and sustained renter demand
- Renter-occupied housing base and high-cost ownership landscape support tenant depth
- 1984 vintage offers straightforward value-add pathways in unit interiors and building systems
- 3-mile demographics show population and household growth, aiding lease-up and retention
- Risk: elevated rent-to-income levels and limited immediate grocery options call for careful lease and amenity management