| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 28th | Poor |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1203 S Dixie Hwy W, Pompano Beach, FL, 33060, US |
| Region / Metro | Pompano Beach |
| Year of Construction | 2013 |
| Units | 88 |
| Transaction Date | 2006-01-25 |
| Transaction Price | $10,500,000 |
| Buyer | CAPTIVA ASSOCIATES LLC |
| Seller | SKYCREST COACH CLUB INC |
1203 S Dixie Hwy W, Pompano Beach Multifamily Investment
Newer 2013 construction in an inner-suburb location with a deep renter-occupied housing base supports steady tenant demand, according to WDSuite’s CRE market data. Neighborhood occupancy trends and renter concentration point to durable leasing, with pricing best managed through disciplined lease strategies.
Located in Pompano Beach’s inner suburbs of the Fort Lauderdale-Pompano Beach-Sunrise metro, the property sits in a neighborhood rated C- where amenity access is above metro median (rank 166 of 345). Dining, cafe, and grocery density register in the top quartile nationally, signaling everyday convenience that can aid resident retention even if park and pharmacy access are limited locally.
The asset’s 2013 vintage is materially newer than the neighborhood’s typical 1970s-era housing stock (average construction year 1979). Newer physical plant and finishes tend to compete well against older comparables, though investors should still underwrite ongoing systems maintenance and potential repositioning to meet current renter preferences.
Neighborhood rents trend on the higher side relative to national norms, while occupancy sits around mid-pack. Importantly, renter-occupied housing share is high for the area, indicating a sizable tenant pool and support for leasing stability. Given a median household income profile that trails national levels in the immediate neighborhood, operators may prioritize revenue management and renewal strategies calibrated to local affordability.
Demographic statistics aggregated within a 3-mile radius indicate recent population growth and a larger household base over the last five years, with further increases in households forecast. This expansion, alongside a broad mix of working-age residents, suggests a growing renter pool that can support absorption and reduce downtime between turns.
Ownership costs nearby are relatively accessible compared with many U.S. markets, which can introduce some competition from entry-level ownership options. For multifamily investors, this typically argues for amenity-forward positioning and service quality to sustain pricing power and renewal rates.
Within the Fort Lauderdale-Pompano Beach-Sunrise metro, the neighborhood ranks 300 out of 345 on overall crime, indicating safety levels below the metro average. Nationally, crime metrics sit in lower percentiles, so investors should plan for suitable security measures and community engagement to support resident confidence and retention.
Recent year-over-year trends indicate increases in both violent and property offenses at the neighborhood level. While crime can vary block to block and over time, underwriting should incorporate appropriate operating practices (lighting, access control, partnerships with local public safety) and marketing that emphasizes on-site management presence rather than specific block-level claims.
Proximity to diversified employers anchors the regional workforce and supports renter demand, particularly for residents prioritizing commute convenience. Notable nearby employers include AutoNation, Tenet Healthcare, Office Depot, Johnson & Johnson, and Mosaic.
- AutoNation — automotive retail (6.6 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (11.0 miles)
- Office Depot — office supplies (13.1 miles) — HQ
- Johnson & Johnson — pharmaceutical & medical products (23.8 miles)
- Mosaic — agriculture & chemicals (27.8 miles)
Built in 2013 with 88 units and comparatively large average floor plans, the property stands newer than much of the surrounding 1970s-era stock—an advantage for leasing against older comparables. According to CRE market data from WDSuite, the neighborhood’s high renter-occupied share and mid-range occupancy support demand depth, while amenity access (notably restaurants, cafes, and groceries) aids day-to-day livability and renewal prospects.
Investors should balance these strengths against affordability pressure and safety considerations. Neighborhood rents sit above many U.S. areas relative to local incomes, suggesting measured revenue management and value-focused upgrades can sustain retention. Crime metrics lag metro and national peers, so proactive security and resident experience programming can be material to operating performance.
- 2013 construction competes well versus older neighborhood stock, supporting leasing and positioning.
- High renter-occupied housing share indicates a deep tenant base and supports occupancy stability.
- Strong everyday amenities (dining, cafes, groceries) reinforce convenience and renewal potential.
- Revenue management focus advised given local affordability pressure relative to neighborhood incomes.
- Operating plan should address below-average neighborhood safety with sensible security measures.