| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Good |
| Demographics | 14th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1325 NW 18th Dr, Pompano Beach, FL, 33069, US |
| Region / Metro | Pompano Beach |
| Year of Construction | 2009 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1325 NW 18th Dr, Pompano Beach Multifamily Demand Play
Neighborhood occupancy trends are steady and renter demand is deep relative to the metro, according to WDSuite’s CRE market data, positioning this asset for durable leasing in an inner-suburban Broward County location.
Located in Pompano Beach’s inner suburbs, the property sits in a neighborhood rated C that ranks 263 out of 345 metro neighborhoods. While mid-pack overall, the area shows competitive amenity access (amenity rank 115 of 345), with grocery and childcare densities testing in higher national percentiles, supporting daily convenience for residents. Park access is limited locally, which may matter for family-oriented leasing and should be considered in amenity programming.
Occupancy in the surrounding neighborhood averages 93.2% and is above the metro median (rank 150 of 345), a constructive signal for baseline stability. Renter-occupied housing accounts for a high share of units at the neighborhood level (58.9%; top national decile), which typically indicates a deeper tenant base for multifamily operators and supports ongoing leasing velocity.
Home values in the neighborhood trend higher relative to local incomes (value-to-income ratio at a high national percentile), creating a high-cost ownership market that tends to sustain reliance on rental housing. Median contract rents have risen over the past five years, and with a rent-to-income ratio near 0.30 at the neighborhood level, operators should monitor affordability pressure for renewal strategy and pricing power. These dynamics are consistent with broader South Florida patterns noted in WDSuite’s multifamily property research.
Within a 3-mile radius, demographics show a stable population base with projections calling for population growth and a notable increase in households over the next five years, pointing to renter pool expansion. The average household size is trending slightly smaller, which can translate to steady demand for 1–2 bedroom units and supports occupancy resilience.
Safety conditions are mixed relative to the Fort Lauderdale–Pompano Beach–Sunrise metro. The neighborhood’s crime rank sits in the lower tier (254 out of 345), indicating higher crime intensity than many local peers. Nationally, the area falls below average on safety (around the 32nd percentile), so investors should underwrite prudent security measures and community engagement.
Recent trends are nuanced: property offenses have declined year over year (improvement by double digits), while violent offenses ticked up over the same period. These cross-currents suggest monitoring local enforcement and property-level mitigation strategies rather than assuming a single directional trend.
The location draws from a diversified employment base that supports workforce housing demand, with proximity to corporate headquarters, healthcare administration, and logistics. Notable nearby employers include AutoNation, Tenet Healthcare’s Florida region, Office Depot, Johnson & Johnson, and Ryder System.
- AutoNation — automotive retail HQ (8.5 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (9.2 miles)
- Office Depot — office supplies HQ (11.2 miles) — HQ
- Johnson & Johnson — corporate offices (25.1 miles)
- Ryder System — logistics HQ (29.7 miles) — HQ
Built in 2009, this 120-unit property is newer than much of the surrounding housing stock (average vintage 1983), offering a competitive position versus older assets while leaving room for selective modernization as systems age. Neighborhood occupancy sits above the metro median, and a high renter concentration supports a deeper tenant base for leasing and retention. Within a 3-mile radius, projections point to population growth and a sizable increase in households, indicating future renter pool expansion that can support occupancy stability.
At the same time, neighborhood-level rent-to-income readings near 0.30 suggest affordability pressure that warrants disciplined revenue management. Safety ranks below many metro peers, so underwriting should include appropriate security and community investment. Overall, according to commercial real estate analysis from WDSuite, the asset’s location fundamentals, newer vintage, and inner-suburban convenience present a durable long-term hold with targeted value-add potential.
- Newer 2009 vintage versus local average, offering competitive positioning and selective value-add upside
- Neighborhood occupancy above metro median supports steady leasing and retention
- 3-mile radius shows population and household growth, expanding the renter pool
- High renter concentration in the neighborhood deepens tenant demand for multifamily
- Risks: affordability pressure (rent-to-income near 0.30), limited parks, and below-average safety require active management