| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 53rd | Fair |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9404 NW 49th Pl, Sunrise, FL, 33351, US |
| Region / Metro | Sunrise |
| Year of Construction | 1984 |
| Units | 116 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9404 NW 49th Pl Sunrise Multifamily Investment
Neighborhood occupancy is strong and stable — the area sits in the upper tier of the metro for filled units — according to WDSuite s CRE market data, supporting steady renter demand at this address in Sunrise, Florida. Investors should view performance metrics as neighborhood-level indicators rather than property-specific results.
The property is in Sunrise s Inner Suburb context and the neighborhood carries a B+ rating, ranking 94 out of 345 metro neighborhoods competitive among Fort Lauderdale Pompano Beach Sunrise submarkets by WDSuite s benchmarks. Occupancy in the neighborhood is elevated (top quartile nationally), which can support lease stability and reduce downtime between turns.
Daily needs are well served nearby: grocery, pharmacy, and restaurant density score in the 80th percentile range nationally, while cafes and childcare also rate above most U.S. neighborhoods. Park access is limited, which may modestly temper outdoor amenity appeal, but the area s service mix and commute convenience tend to underpin consistent renter interest.
Within a 3-mile radius, population and households have grown over the last five years and are projected to continue expanding through the forecast period, implying a larger tenant base over time. The share of housing units that are renter-occupied in this 3-mile radius is roughly one-quarter, indicating an ownership-leaning area; for multifamily owners, that typically translates to steady but measured absorption rather than sharp swings in demand.
Median home values are elevated versus national norms and the neighborhood s value-to-income metrics test in higher national percentiles, which generally sustains reliance on rentals and can support pricing power over the cycle. At the same time, rent-to-income levels read as manageable locally, a combination that can aid lease retention while still allowing disciplined revenue management.
The asset s 1984 vintage is older than the neighborhood s average construction year (1992). For investors, that points to routine capital planning and selective renovations to remain competitive, with potential value-add upside through unit and system modernization relative to newer stock.
Safety indicators compare favorably in a national context. Property offense measures score in the top quartile nationwide, and recent year-over-year trends point to meaningful declines, according to WDSuite s datasets. Violent offense metrics track modestly better than national norms. These are neighborhood-level signals intended for comparative context across Fort Lauderdale Pompano Beach Sunrise and similar metros.
Proximity to a diversified employment base supports renter demand and retention, with access to healthcare administration, automotive retail headquarters, and corporate services that align with workforce housing needs in Sunrise. The employers below reflect nearby drivers of commuting traffic and stable payrolls.
- Tenet Healthcare Corporation, Florida Region healthcare services (8.0 miles)
- AutoNation automotive retail (9.4 miles) HQ
- Office Depot office supplies (17.8 miles) HQ
- Johnson & Johnson healthcare & consumer products (19.6 miles)
- Ryder System logistics & transportation (23.0 miles) HQ
This 116-unit property at 9404 NW 49th Pl sits in a competitive Sunrise neighborhood where occupancy trends rank well against both metro and national benchmarks, indicating durable demand and leasing stability. Based on commercial real estate analysis from WDSuite, elevated home values relative to incomes reinforce renter reliance on multifamily, while local rent-to-income readings suggest room for disciplined revenue management without outsized retention risk.
The 1984 vintage is older than the neighborhood average, creating a straightforward value-add path via interior updates and targeted system upgrades to compete with newer product. Within a 3-mile radius, recent and forecast growth in households points to a gradually expanding renter pool, supported by access to major employers across healthcare, logistics, and corporate services. Key watch items include limited nearby park access and the need for ongoing capex typical of 1980s construction, along with pockets of rent softening observed in the broader neighborhood over the last cycle.
- High neighborhood occupancy supports stable collections and reduced downtime
- Elevated ownership costs locally sustain multifamily renter demand and pricing power
- 1984 vintage offers clear value-add and capex-driven repositioning potential
- Growing 3-mile household base expands the tenant pool over the forecast period
- Risks: limited park access, typical 1980s capital needs, and evidence of rent softening in the surrounding neighborhood