| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 24th | Poor |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2725 W Okeechobee Rd, Hialeah, FL, 33010, US |
| Region / Metro | Hialeah |
| Year of Construction | 1974 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2725 W Okeechobee Rd, Hialeah Multifamily Investment
Neighborhood fundamentals point to steady renter demand and resilient occupancy, according to WDSuite’s CRE market data, with tenancy supported by proximity to major employers and core Miami transit corridors.
Located in an Inner Suburb of Miami-Dade, the property sits in a neighborhood with occupancy in the top quartile nationally, signaling stable leasing conditions and lower downtime risk for multifamily assets. The share of housing units that are renter-occupied is among the highest nationally, indicating a deep tenant base and consistent renewal potential. These metrics reflect neighborhood conditions, not the property specifically, and are based on CRE market data from WDSuite.
Daily-needs access is a relative strength: grocery and pharmacy density rank near the top among 449 Miami metro neighborhoods, supporting renter convenience and lease retention. By contrast, parks, cafés, and childcare options are limited locally, so investors should underwrite amenities and on-site offerings accordingly to compete for tenants.
Within a 3-mile radius, households have increased over the last five years and are projected to continue rising even as population edges down, suggesting smaller household sizes and a broader pool of renting households. Forecasts to 2028 indicate continued renter pool expansion via more households, which supports occupancy stability for well-managed assets.
Area schools rate below national norms and median household incomes in the immediate neighborhood trail national medians, contributing to affordability pressure for renters. Lease management and product positioning matter: elevated rent-to-income ratios in the neighborhood suggest attention to pricing, renewals, and value-for-money will be important to sustain occupancy.
Safety indicators are mixed and trend-focused underwriting is prudent. The neighborhood sits below the national median for safety (around the lower third nationally) and performs below many Miami metro neighborhoods. According to WDSuite’s CRE market data, recent year trends show a noticeable uptick in violent incidents alongside mid-range levels of property offenses. These references are neighborhood-level and should be considered alongside property-specific measures such as lighting, access control, and on-site management.
The location is supported by a diverse employment base within short driving distance, which helps sustain renter demand and retention. Nearby anchors include World Fuel Services, Johnson & Johnson, Ryder System, Lennar, and Mosaic.
- World Fuel Services — energy & logistics (3.7 miles) — HQ
- Johnson & Johnson — healthcare & consumer products (4.1 miles)
- Ryder System — transportation & logistics (4.9 miles) — HQ
- Lennar — homebuilding (6.1 miles) — HQ
- Mosaic — chemicals & fertilizers (12.0 miles)
This 36-unit asset benefits from neighborhood occupancy levels in the top quartile nationally and an exceptionally high share of renter-occupied housing units, pointing to a durable tenant base and supportive leasing backdrop. Daily-needs access is strong (notably groceries and pharmacies), and major employers within 4–6 miles provide commute convenience that can aid leasing velocity and renewal performance, based on commercial real estate analysis from WDSuite.
Investor focus should include affordability and operations: neighborhood rent-to-income ratios are elevated, income levels lag broader benchmarks, and school ratings are low, which argues for disciplined pricing, value-add targeting of in-unit livability, and active renewal management. Safety trends are below national medians, so property-level security and community engagement can be differentiators in sustaining occupancy and protecting NOI.
- Occupancy strength and deep renter concentration support stable tenancy and lower downtime risk.
- Proximity to major employers (World Fuel Services, Ryder, Lennar) underpins workforce demand and retention.
- Daily-needs convenience (grocery/pharmacy density) enhances leasing appeal and renewal outcomes.
- Operational focus: elevated rent-to-income ratios and below-average school ratings call for careful pricing and resident services.
- Risk: safety metrics sit below national medians; invest in security and management practices to mitigate.