| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Good |
| Demographics | 14th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1050 NW 18th Dr, Pompano Beach, FL, 33069, US |
| Region / Metro | Pompano Beach |
| Year of Construction | 1989 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1050 NW 18th Dr Pompano Beach Multifamily Investment
Neighborhood occupancy has trended steady and renter demand is deep, according to WDSuite’s CRE market data, supporting a durable leasing outlook for this submarket. Figures reflect neighborhood conditions rather than the property, offering useful context for underwriting and hold-period planning.
Positioned in an Inner Suburb of Pompano Beach, the neighborhood is rated C and sits above the metro median on occupancy among 345 Fort Lauderdale–Pompano Beach–Sunrise neighborhoods. The neighborhood occupancy rate of 93.2% reflects area-wide stability rather than property performance, but it supports underwriting assumptions around renewal capture and downtime.
Daily-needs access is a relative strength: grocery and pharmacy availability track in the upper national percentiles, while cafes and childcare are competitive. Park access is limited, so on-site open space and amenities can be a differentiator. Median contract rents are mid-market for the metro, with five-year growth that signals resilient tenant demand.
Renter-occupied housing represents 58.9% of units, placing the area in the top quartile among 345 metro neighborhoods and indicating a deep tenant base for multifamily. For investors, this renter concentration supports sustained leasing interest and helps buffer against seasonal volatility.
Within a 3-mile radius, households increased even as average household size edged lower, pointing to more households competing for units and a gradually expanding renter pool. Forward-looking projections indicate additional household and income growth by the mid-2020s, which tends to support occupancy stability and measured rent growth. Built in 1989, the asset is slightly newer than the neighborhood’s average vintage (1983), implying competitive positioning versus older stock while still warranting targeted modernization planning of aging systems.
Ownership costs trend elevated relative to local incomes in the neighborhood context, which can reinforce reliance on multifamily rentals and aid lease retention. At the same time, rent-to-income levels suggest affordability pressure for some cohorts, underscoring the importance of proactive lease management and amenity-driven value.
Safety metrics are mixed relative to the region and nation. The neighborhood’s crime rank is 254 among 345 metro neighborhoods, indicating below-average safety compared with much of the metro. Nationally, overall safety indicators align closer to the lower third of neighborhoods.
Property offenses show a year-over-year decline with momentum that is competitive among peer areas nationally, which can support long-run neighborhood stabilization. Violent offense measures, however, remain weaker than national norms and ticked higher year over year. For investors, prudent measures such as lighting, access control, and partnerships with local patrols can help support resident satisfaction and retention over the hold.
The employment base within commuting range blends corporate headquarters and regional healthcare, supporting workforce housing demand and lease retention. Nearby anchors include AutoNation, Tenet Healthcare, Office Depot, Johnson & Johnson, and Mosaic.
- AutoNation — automotive retail (8.5 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (9.3 miles)
- Office Depot — office supplies (11.2 miles) — HQ
- Johnson & Johnson — pharma & medical devices offices (25.3 miles)
- Mosaic — chemicals & materials (29.8 miles)
This 88-unit, 1989-vintage asset benefits from a renter-heavy neighborhood, above-median metro occupancy, and strong access to daily-needs retail—a combination that supports consistent leasing. The property’s slightly newer vintage than the area norm suggests competitive positioning versus older comparables, while selective system upgrades or common-area enhancements can unlock value-add upside. According to CRE market data from WDSuite, the neighborhood’s renter concentration and steady occupancy provide a constructive backdrop for income durability.
Within a 3-mile radius, households are up and projected to expand further, pointing to a larger tenant base and support for occupancy stability. Elevated ownership costs relative to incomes reinforce reliance on rentals, though a higher rent-to-income profile in the neighborhood warrants careful pricing and renewal management. Safety indicators trend below metro averages, so property-level security and resident engagement should be part of the operating plan.
- Neighborhood occupancy above metro median supports leasing stability
- 1989 vintage offers competitive positioning with targeted value-add potential
- 3-mile household growth outlook expands the renter pool
- Elevated ownership costs bolster renter reliance and retention potential
- Risks: below-average safety metrics and rent-to-income pressure require active management