| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 28th | Poor |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 771 SW 8th St, Pompano Beach, FL, 33060, US |
| Region / Metro | Pompano Beach |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | 2005-01-21 |
| Transaction Price | $1,150,000 |
| Buyer | POMPANO 771 PARTNERS LLC |
| Seller | MPG 771 LLC |
771 SW 8th St Pompano Beach Multifamily
Neighborhood metrics point to a deep renter base and mid-range occupancy, supporting steady leasing potential, according to WDSuite s CRE market data. These indicators reflect area-level conditions, not property performance, and suggest demand durability with prudent rent management.
Located in Pompano Beach C this inner-suburb location offers practical access to daily needs and employment corridors. Restaurants C cafes C and grocery density track above national averages C while public parks and pharmacies are limited in the immediate area. For operators C this mix supports convenience-driven living but may place more weight on on-site amenities.
Neighborhood renter-occupied share is high (near the top of the metro C rank 16 out of 345) C signaling a broad tenant pool that can underpin leasing and retention. Reported neighborhood occupancy is around the metro midpoint (rank 207 of 345) C consistent with balanced supply-demand conditions rather than outsized tightness.
Median neighborhood rents benchmark high nationally C but rent-to-income readings indicate affordability pressure C which can temper pricing power and heighten renewal management needs. Median home values sit well below national norms C which can introduce some competition from ownership options; however C the strong renter concentration and proximity to jobs continue to support multifamily demand.
The subject was built in 1972 C slightly older than the neighborhood average vintage (1979). For investors C that typically points to ongoing capital planning and selective value-add opportunities to enhance competitiveness against newer stock.
Safety indicators for the neighborhood track below both metro and national benchmarks C with a crime rank of 300 among 345 Fort Lauderdale DPompano Beach DSunrise neighborhoods and national percentiles that sit in lower ranges. Recent year Dover Dyear estimates suggest an uptick in both violent and property offenses. Investors often account for this with enhanced site lighting C access controls C and screening policies to support resident experience and retention.
Proximity to regional employers supports workforce housing demand and commute convenience C notably across automotive retail C healthcare services C office supplies distribution C and pharmaceuticals C which are relevant to the renter base cited above.
- AutoNation D automotive retail (6.9 miles) D HQ
- Tenet Healthcare Corporation C Florida Region D healthcare services (10.8 miles)
- Office Depot D office supplies & distribution (12.7 miles) D HQ
- Johnson & Johnson D pharmaceuticals & consumer health offices (24.1 miles)
This 22 Dunit property C built in 1972 with compact average floor plans C is positioned for durable renter demand given the neighborhood 7s high renter concentration and access to major employment nodes. Based on commercial real estate analysis from WDSuite C neighborhood occupancy trends are near the metro midpoint and local rents benchmark high nationally C suggesting income potential with disciplined renewal strategy and targeted upgrades.
Within a 3 Dmile radius C recent population growth and a rising household count point to a larger tenant base over time C while projections indicate further household expansion alongside smaller average household sizes C which can support unit absorption. The 1972 vintage implies ongoing capital planning and value Dadd opportunities to sharpen competitive positioning versus newer assets.
- High neighborhood renter concentration supports a deep tenant pool and leasing stability.
- Occupancy near metro midpoint with rents that benchmark high nationally C enabling potential income growth with careful pricing.
- 3 Dmile trends show population and household growth C expanding the prospective renter base and supporting absorption.
- 1972 vintage offers value Dadd and modernization angles to compete with newer supply.
- Risks: affordability pressure and lower safety rankings warrant conservative underwriting C resident retention focus C and security investments.