| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 65th | Good |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 SE 1st St, Pompano Beach, FL, 33060, US |
| Region / Metro | Pompano Beach |
| Year of Construction | 1974 |
| Units | 41 |
| Transaction Date | 2021-05-13 |
| Transaction Price | $5,700,000 |
| Buyer | RAM POMPANO LLC |
| Seller | BANYAN WOOD PROPERTIES INCORPORATED |
900 SE 1st St Pompano Beach Value-Add Multifamily
Neighborhood indicators point to a sizable renter base and an ownership market that favors sustained rental demand, according to WDSuite’s CRE market data; these signals are measured for the neighborhood, not the property.
The surrounding area rates B+ overall and is competitive among Fort Lauderdale-Pompano Beach-Sunrise neighborhoods (ranked 100 out of 345), with livability supported by strong retail and daily-needs access. Restaurants and pharmacies are dense by national standards (both near the 97th percentile), while grocery access is solid (around the upper quartile nationally). Parks and cafes are comparatively limited, which may shape the resident experience toward everyday convenience over green space or coffeehouse density.
For investors, neighborhood tenancy dynamics are a key positive: nearly half of housing units are renter-occupied, indicating a deep tenant pool for multifamily. Median rent relative to income sits at a manageable level for the area, which can support lease retention and reduce churn risk. By contrast, neighborhood occupancy has trailed stronger submarkets in recent periods; stabilizing operations and targeted leasing can be important in underwriting.
Within a 3-mile radius, population and household counts have grown in recent years, and forecasts point to further increases and smaller average household sizes. This combination generally expands the renter pool and supports occupancy stability as more one- to two-person households seek apartments. These demographic trends are based on WDSuite’s market view and speak to broader demand drivers rather than property-specific performance.
Home values in the neighborhood are elevated for the metro, placing the area in a higher-cost ownership context. That backdrop often sustains reliance on rental housing, reinforcing pricing power for well-positioned assets. The property’s 1974 vintage is slightly newer than the neighborhood’s average construction year, but as a 1970s asset it likely benefits from focused capital plans and value-add upgrades to stay competitive with newer product.
Safety trends are mixed when benchmarked to peers. The neighborhood’s crime profile ranks below the metro median (around 230 out of 345 metro neighborhoods), and national comparisons place it below the midpoint for safety. However, recent data show a decline in violent offense rates versus last year, a directionally positive trend that is stronger than many neighborhoods nationwide. These figures reflect neighborhood-level conditions, not property-specific security.
For underwriting, investors often account for neighborhood safety with pragmatic measures: on-site management, lighting, and access control can help support resident retention and leasing velocity in locations where safety metrics are improving but still lag higher-performing submarkets.
Nearby employers provide a diversified white-collar and services employment base that supports renter demand through commute convenience and year-round staffing. The list below highlights major names within a reasonable drive that commonly influence leasing and retention: AutoNation, Tenet Healthcare, and Office Depot.
- AutoNation — automotive retail HQ (7.8 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (11.4 miles)
- Office Depot — office supplies HQ (12.0 miles) — HQ
- Johnson & Johnson — healthcare & consumer products (25.2 miles)
- Mosaic — fertilizer & industrials (28.9 miles)
This 41-unit, 1974-vintage asset in Pompano Beach sits in a neighborhood with a sizable renter-occupied share and strong daily-needs access, supporting durable tenant demand. According to CRE market data from WDSuite, neighborhood occupancy has trailed higher-performing areas, but rent-to-income levels are manageable and home values are elevated locally—conditions that can reinforce reliance on rental housing and support pricing for well-maintained, well-managed product.
Demographic indicators within a 3-mile radius show recent population and household growth, with forecasts pointing to a larger household base and smaller average household sizes—both supportive of renter pool expansion. Given its 1970s vintage, a targeted value-add plan and systems modernization can improve competitive positioning against newer stock while addressing long-term capital needs.
- Deep renter base and elevated ownership costs support sustained multifamily demand
- 3-mile demographic growth and smaller household sizes expand the tenant pool
- 1974 vintage presents value-add and modernization upside for rent positioning
- Strong retail and daily-needs access aids leasing velocity and retention
- Risks: neighborhood occupancy and safety metrics lag top submarkets; plan for proactive management and capex