| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Poor |
| Demographics | 64th | Good |
| Amenities | 27th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Bonaventure Blvd, Weston, FL, 33326, US |
| Region / Metro | Weston |
| Year of Construction | 1998 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | $1,700,000 |
| Buyer | ST ANDREWS AT WESTON LTD |
| Seller | ST ANDREWS SOUTHWEST LTD |
100 Bonaventure Blvd, Weston FL Multifamily Investment
Positioned within Weston’s inner-suburban corridor, this 32-unit asset offers exposure to a high-income renter base and steady leasing drivers, according to WDSuite’s CRE market data.
Weston’s Inner Suburb setting balances suburban stability with access to employment across Broward and western Miami-Dade. Neighborhood amenities skew toward essential services rather than dense retail clusters: restaurants are comparatively available (top quartile nationally by concentration), and pharmacies rank strong as well, while cafes, groceries, and parks are thinner locally. For investors, this points to resident reliance on nearby arterials and planned errands rather than walk-to convenience.
Rents in the immediate neighborhood benchmark high versus national norms, indicating pricing power when product quality and management align. At the same time, the neighborhood’s occupancy metric is lower than most areas in the Fort Lauderdale–Pompano Beach–Sunrise metro (327 out of 345 neighborhoods), which is a neighborhood-level signal and not specific to this property; disciplined leasing and targeted marketing will matter to sustain performance.
Tenure patterns indicate a moderate renter concentration at the neighborhood level, and 3-mile data show roughly one-quarter of housing units are renter-occupied, supporting a meaningful—but not unlimited—tenant base for multifamily. Median rent-to-income in the neighborhood sits on the lower side relative to national benchmarks, which can support retention and limit turnover risk when paired with measured renewal strategies.
Within a 3-mile radius, population has grown in recent years with further growth projected, and households are expected to expand meaningfully even as average household size trends smaller. For investors, that combination typically enlarges the renter pool and supports occupancy stability for well-maintained units. Elevated median household incomes in the 3-mile area further reinforce demand for quality rentals rather than only value options, based on CRE market data from WDSuite.
Safety indicators for the neighborhood are competitive among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods (crime rank at 96 out of 345), and national comparisons point to around-median property and violent offense positioning. Recent year-over-year estimates show declining violent offense rates, a constructive directional trend for resident retention and leasing.
These figures reflect neighborhood-level conditions rather than this specific property or block. Investors typically translate this profile into standard risk management: maintain lighting and access control, monitor incident trends each quarter, and align insurance and security practices with operating plans.
Nearby corporate anchors provide a diversified employment base that supports commuter demand and leasing durability, led by healthcare, automotive retail HQ, diversified manufacturing/pharma, and logistics.
- Tenet Healthcare Corporation, Florida Region — healthcare services (13.7 miles)
- AutoNation — automotive retail (14.1 miles) — HQ
- Johnson & Johnson — healthcare and consumer products (15.8 miles)
- Ryder System — logistics and transportation (17.6 miles) — HQ
- World Fuel Services — energy services (21.5 miles) — HQ
Built in 1998, the property is newer than the neighborhood’s average vintage and can compete well against older stock, while investors should still plan for mid-life system updates and selective modernization. Demand drivers include a high-income 3-mile renter base, strong restaurant and pharmacy access, and proximity to multiple corporate employers. According to CRE market data from WDSuite, neighborhood rents benchmark high nationally, and area household growth and smaller household sizes point to a larger tenant base over time.
Key considerations include the neighborhood’s below-metro occupancy ranking and a more ownership-leaning housing mix nearby, which can create competition from for-sale options. Balanced underwriting around lease-up pace, renewal capture, and capital planning should help translate fundamentals into durable cash flow.
- 1998 vintage offers relative competitiveness versus older local stock with room for targeted upgrades
- High-income 3-mile area and growing household counts support renter pool expansion and retention
- Neighborhood rents price above national norms, supporting revenue potential with quality operations
- Access to regional employers (healthcare, automotive HQ, logistics) underpins commuter demand
- Risks: below-metro neighborhood occupancy and ownership competition require careful leasing and pricing management