| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 70th | Best |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 401 NW 87th Dr, Plantation, FL, 33324, US |
| Region / Metro | Plantation |
| Year of Construction | 1986 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
401 NW 87th Dr Plantation Multifamily Opportunity
Positioned in an inner-suburb pocket of Plantation with steady renter demand and improving neighborhood fundamentals, according to WDSuite’s CRE market data. Expect stable occupancy dynamics supported by a sizable renter base and amenity access at the neighborhood level.
Plantation’s inner-suburb location offers daily convenience and solid lifestyle appeal for renters. The neighborhood ranks 35 out of 345 within the Fort Lauderdale–Pompano Beach–Sunrise metro, indicating it is competitive among metro neighborhoods, with amenities and housing metrics that sit above many local peers.
Amenity access trends favor renter retention: restaurants and cafes score in the top quartile nationally by density, with parks and pharmacies also testing above national medians. Grocery options are thinner within the immediate neighborhood footprint, so residents typically draw on nearby retail nodes for weekly shopping; this pattern is common across inner-suburban Broward and does not appear to impede leasing fundamentals.
Neighborhood-level occupancy is around the national middle but has trended higher over the last five years, signaling durable demand. Renter-occupied housing accounts for roughly 44% of neighborhood units, a concentration that supports multifamily leasing depth and helps smooth absorption through cycles.
Within a 3-mile radius, demographics point to continued renter pool expansion: population and households have grown in recent years, with households rising faster than population, and forecasts call for additional gains alongside rising median incomes. These dynamics, paired with elevated ownership costs in the area, support ongoing multifamily demand and pricing power relative to older stock.
Safety indicators are mixed but trending better. The neighborhood’s overall crime rank sits at 106 out of 345 metro neighborhoods, suggesting higher incident levels than many parts of the metro. However, compared with neighborhoods nationwide, it rates around the mid-50s percentiles for overall and violent safety, indicating a comparatively better standing at the national level than the metro rank alone implies.
Recent momentum is favorable: both estimated violent and property offense rates declined over the past year at the neighborhood level, with double-digit percentage improvements. For investors, the directionality matters — improving trends can support perception and leasing — but ongoing monitoring remains prudent given mixed relative positioning within the metro.
Proximity to major employers underpins workforce housing demand and commuting convenience, notably AutoNation, Tenet Healthcare Corporation (Florida Region), Johnson & Johnson, Ryder System, and Office Depot.
- AutoNation — automotive retail (7.6 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (12.3 miles)
- Johnson & Johnson — healthcare products (15.4 miles)
- Ryder System — logistics and transportation (19.2 miles) — HQ
- Office Depot — office supplies (21.2 miles) — HQ
This 32-unit asset sits in a competitive Broward County neighborhood where amenity access and a sizable renter base support durable leasing. Neighborhood occupancy has trended higher in recent years and positions near the national middle, while the renter-occupied share around 44% indicates depth of demand for multifamily. Elevated home values relative to incomes reinforce reliance on rental housing, aiding pricing power and lease retention.
Within a 3-mile radius, population and households have grown and are projected to continue expanding, alongside rising household incomes and forecast rent growth — factors that enlarge the tenant base and support occupancy stability. According to CRE market data from WDSuite, the area’s amenity profile tests above national medians in several categories, which can bolster absorption and reduce marketing downtime, though affordability pressure (higher rent-to-income ratios) warrants active lease management.
- Competitive neighborhood positioning within the metro and amenity access that supports leasing
- Renter-occupied share and upward occupancy trend point to demand depth
- 3-mile growth in households and incomes enlarges the tenant base and supports rent levels
- High-cost ownership market supports rental reliance and potential pricing power
- Risk: Elevated rent-to-income ratios suggest affordability pressure; focus on retention and renewal strategy