| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 53rd | Fair |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5020 N Nob Hill Rd, Sunrise, FL, 33351, US |
| Region / Metro | Sunrise |
| Year of Construction | 1996 |
| Units | 77 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5020 N Nob Hill Rd Sunrise Multifamily Investment
Neighborhood occupancy remains elevated and stable, supporting cash flow durability for a 77-unit asset, according to WDSuite’s CRE market data. With solid household growth nearby and a renter pool supported by a high-cost ownership market, the location offers durable demand dynamics.
Located in Sunrise within the Fort Lauderdale–Pompano Beach–Sunrise metro, the neighborhood carries a B+ rating and ranks 94 out of 345 metro neighborhoods — competitive among metro peers and above the metro median. Daily needs are convenient: grocery and restaurant density sit in the upper national ranges (around the 80s percentiles), and childcare access is strong, helping support renter retention and leasing consistency, based on CRE market data from WDSuite.
Neighborhood occupancy is strong (ranked 45 of 345 metro neighborhoods and in the top quartile nationally), which supports income stability for multifamily. The area’s rent-to-income ratio is around 0.17, indicating manageable affordability pressure that can aid lease renewal rates. Median home values rank in a high national percentile, signaling a high-cost ownership market that tends to reinforce reliance on rental housing and support pricing power for well-managed properties.
Demographic statistics aggregated within a 3-mile radius indicate a larger tenant base today than five years ago, with population and households both increasing and forecasts calling for further growth by 2028. Household sizes have edged lower over time, which can translate into incremental demand for rental units and supports occupancy stability for smaller formats. The local renter-occupied share is roughly one-quarter of housing units within 3 miles, providing a meaningful but not saturated base of multifamily demand.
Schools average roughly 3.0 out of 5 and sit above national norms, and the neighborhood’s average construction vintage trends early-1990s. The subject property’s 1996 vintage is slightly newer than the neighborhood average, a modest competitive positive versus older stock; investors should still plan for selective system updates or modernization to capture value-add upside. One local consideration is limited park availability within the immediate neighborhood, which may place more value on on-site amenities and nearby private recreation options.
Safety indicators compare favorably versus broader benchmarks. The neighborhood’s overall crime rank is 58 out of 345 metro neighborhoods — competitive among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods — and its crime profile sits above the national average (higher percentile indicates safer relative standing). According to WDSuite’s data, estimated property offenses declined notably over the last year, an improving trend that supports resident retention and leasing stability.
As always, investors should evaluate submarket and property-level patterns over multiple periods and compare against nearby submarkets when underwriting. Neighborhood-level statistics are directional and may not reflect block-level variation.
Proximity to major employers supports a broad renter base and commute convenience, notably in healthcare, automotive retail, office supplies, pharmaceuticals, and logistics — all within a feasible drive for workforce tenants.
- Tenet Healthcare Corporation, Florida Region — healthcare services (8.0 miles)
- AutoNation — automotive retail (9.7 miles) — HQ
- Office Depot — office supplies (17.9 miles) — HQ
- Johnson & Johnson — pharmaceuticals (19.6 miles)
- Ryder System — logistics & fleet management (22.9 miles) — HQ
5020 N Nob Hill Rd offers a 77-unit foothold in an inner-suburban Sunrise location where neighborhood occupancy ranks in the metro’s top quartile and sits above national norms, supporting cash flow durability. Elevated home values and a manageable rent-to-income profile indicate sustained renter reliance on multifamily, while a growing 3-mile household base points to continued tenant demand and leasing depth. According to CRE market data from WDSuite, amenity access for daily needs is strong, further aiding retention.
Built in 1996, the property is slightly newer than the neighborhood average, suggesting relative competitiveness versus early-1990s stock while leaving room for targeted value-add through system updates and unit modernizations. The renter-occupied share within 3 miles is meaningful but not saturated, implying stable demand with measured competitive pressure from ownership options.
- Strong neighborhood occupancy and above-average safety trends support income stability
- High-cost ownership market reinforces multifamily demand and pricing power
- Growing 3-mile household base indicates a larger tenant pool and durable leasing
- 1996 vintage offers competitive positioning with value-add modernization potential
- Risk: limited nearby parks and a measured renter share may require enhanced on-site amenities and careful lease management