| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 38th | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 301 NW 32nd Ct, Pompano Beach, FL, 33064, US |
| Region / Metro | Pompano Beach |
| Year of Construction | 1975 |
| Units | 22 |
| Transaction Date | 2022-07-26 |
| Transaction Price | $8,000,000 |
| Buyer | GEM OLIVE GLENN LLC |
| Seller | GJSHACK LLC |
301 NW 32nd Ct Pompano Beach Multifamily Investment
Neighborhood renter-occupied share is elevated, supporting a deeper tenant base and steadier leasing, according to WDSuite’s CRE market data.
Located in an inner suburb of the Fort Lauderdale–Pompano Beach–Sunrise metro, the area surrounding 301 NW 32nd Ct offers a practical renter profile for workforce-oriented housing. Neighborhood occupancy has edged up over the past five years, and the renter-occupied share is among the highest in the metro, indicating meaningful depth of demand for multifamily units rather than single-family purchase alternatives.
Local amenity access is mixed: restaurants are comparatively dense (competitive within the metro and roughly top quartile nationally), while everyday walk-to options like groceries, pharmacies, parks, and cafes are limited within the immediate neighborhood. That dynamic points to car-reliant living but does not preclude leasing traction given proximity to broader Broward County employment corridors.
Within a 3-mile radius, demographics show modest population growth historically with a larger increase in households and families, implying smaller household sizes and a gradual expansion of the renter pool. Forward-looking projections call for additional population and household gains, which should support occupancy stability and absorption for well-positioned multifamily assets.
On housing context, neighborhood home values trend below national medians, which can introduce some competition from ownership options. Even so, median contract rents in the neighborhood have risen over the last five years, and income growth in the 3-mile radius has strengthened, supporting continued renter demand and potential for steady renewal performance. Lease management should monitor affordability pressure where rent-to-income is elevated relative to national norms.
Safety indicators for the neighborhood sit below national medians, and compared with other parts of the Fort Lauderdale–Pompano Beach–Sunrise metro, the area ranks in the lower half (ranked 231 among 345 neighborhoods). That suggests investors should underwrite prudent security and operational measures typical for value-oriented inner-suburban locations.
Recent trends are mixed: estimated property offense rates have improved year over year, while estimated violent offense rates increased over the same period. Framing these metrics at the neighborhood level helps set realistic expectations for tenant retention planning and asset management without overstating block-level conditions.
Proximity to regional employers supports commuter convenience and a broad renter pipeline, led by retail headquarters, healthcare administration, and automotive retail corporate offices.
- Office Depot — retail HQ (9.2 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (9.7 miles)
- AutoNation — automotive retail HQ (10.5 miles) — HQ
- Johnson & Johnson — healthcare & consumer products offices (27.4 miles)
- Siegel Financial Group — Northwestern Mutual — financial services offices (30.7 miles)
This asset’s thesis centers on depth of rental demand and steady tenancy in a neighborhood with one of the metro’s higher renter-occupied shares. Neighborhood occupancy has trended modestly higher in recent years, and within a 3-mile radius, household and income growth point to a gradually expanding renter base that can support renewal rates and limit downtime between turns, according to CRE market data from WDSuite.
Operationally, investors should expect car-oriented living with limited immediate neighborhood amenities but strong regional access to employers across Broward County. While ownership costs in the area are comparatively accessible, sustained renter demand, rising median rents, and forecast household expansion suggest durable leasing fundamentals. Key risks include affordability pressure relative to incomes and safety metrics that warrant routine, disciplined property management.
- High neighborhood renter-occupied share supports a deep tenant pool and steady renewals
- Occupancy stability with modest upward trend strengthens underwriting confidence
- 3-mile household and income growth indicate ongoing renter pool expansion
- Regional employer access underpins leasing and retention for workforce units
- Risks: elevated rent-to-income and below-median safety metrics require active management