| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 59th | Good |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10500 NW 74th St, Doral, FL, 33178, US |
| Region / Metro | Doral |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10500 NW 74th St, Doral FL — Newer 24-Unit Multifamily
Neighborhood-level occupancy is steady and renter demand is supported by a high-cost ownership market, according to WDSuite s CRE market data. The asset s Inner Suburb location offers durable leasing fundamentals relative to many Miami-Dade submarkets.
Positioned in Doral s Inner Suburb fabric, the property sits in a neighborhood rated A- and ranked within the top quartile among 449 metro neighborhoods. Neighborhood occupancy is reported at 94.4%, which supports expectations for leasing stability at the submarket level rather than at the property itself.
Renter concentration is meaningful: 57.4% of housing units are renter-occupied, a nationally high share that points to a deep tenant base and steady multifamily demand. Within a 3-mile radius, households and families have expanded over the last five years, and both population and households are projected to continue growing through 2028 with a smaller average household size which generally broadens the renter pool and supports occupancy durability.
Livability fundamentals are mixed but serviceable for daily needs. Grocery access is strong (high national percentile), with solid restaurant density and park access, while cafes and pharmacies are less prevalent within the immediate neighborhood footprint. For investors, that mix suggests everyday convenience and recreation options are nearby, though some lifestyle conveniences may require short drives.
Pricing context favors rentals. Neighborhood home values are elevated versus national benchmarks, reinforcing reliance on multifamily housing. At the same time, neighborhood rents trend high relative to incomes, implying potential affordability pressure to manage in renewals and pricing strategy. The asset s 2013 construction is newer than the local average vintage (2010), which typically enhances competitive positioning against older stock, though normal system updates and selective modernization may still factor into capital planning.
Safety indicators for the neighborhood track below national medians, with crime levels benchmarking in lower national percentiles. Recent year-over-year estimates indicate an uptick in both violent and property offenses, so investors should underwrite conservative assumptions for security measures and tenant retention, and compare to broader Miami-Miami Beach-Kendall metro trends when evaluating risk.
Because crime patterns can shift within small areas, interpret these directional signals as neighborhood-level context rather than block-specific conditions, and consider on-site controls and lighting, visibility, and property management practices when assessing exposure.
Nearby corporate offices create a diversified employment base that supports renter demand and commute convenience, led by energy logistics, transportation, homebuilding, and healthcare-related offices.
- World Fuel Services energy logistics (2.17 miles) HQ
- Ryder System transportation & logistics (2.23 miles) HQ
- Lennar homebuilding (4.40 miles) HQ
- Johnson & Johnson healthcare products offices (6.24 miles)
- Mosaic agribusiness offices (15.43 miles)
This 24-unit, 2013-vintage asset benefits from a renter-driven neighborhood with top-quartile metro positioning and reported neighborhood occupancy around the mid-90s, indicating stable leasing dynamics. Elevated home values in Doral relative to national benchmarks tend to sustain multifamily demand, while ongoing population and household growth within a 3-mile radius points to a larger tenant base over the next cycle.
The property s newer construction typically competes well against older stock, though investors should budget for normal mid-life system updates and selective unit upgrades. Neighborhood rents run high versus incomes, so proactive lease management is prudent; nonetheless, depth of renter households and proximity to major employers support retention, according to CRE market data from WDSuite.
- Newer 2013 vintage enhances competitive positioning versus older submarket stock
- Top-quartile neighborhood standing among 449 metro areas supports leasing stability
- High-cost ownership market reinforces depth of renter demand and pricing power
- 3-mile population and household growth expands the tenant base over the medium term
- Risks: below-national safety metrics and rent-to-income pressure require careful renewal strategy and on-site controls