| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 32nd | Fair |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9811 W Okeechobee Rd, Hialeah, FL, 33016, US |
| Region / Metro | Hialeah |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9811 W Okeechobee Rd Hialeah Multifamily Investment
Neighborhood occupancy remains elevated and a sizable renter-occupied share underpins demand for this area, according to WDSuite’s CRE market data.
Rated A and competitive among Miami-Miami Beach-Kendall neighborhoods (61st of 449), the immediate area shows durable renter fundamentals. Neighborhood occupancy is strong and above many metro peers, supporting income stability at multifamily properties nearby. The local renter-occupied share is also high, indicating a deeper tenant base that can aid leasing velocity and retention.
Amenity access is a clear strength: grocery, restaurant, park, and daily-needs density rank in the top national percentiles, helping properties capture convenience-oriented renters. These advantages position assets to compete effectively on livability, while the neighborhood’s housing metrics are above the metro median, signaling balanced supply-demand conditions.
Within a 3-mile radius, households have increased over the past five years and are projected to rise further even as average household size trends smaller. This combination points to a larger tenant base and steady turnover that can support occupancy. Median contract rents at the neighborhood level sit above the national median, and home values paired with a high value-to-income ratio suggest a high-cost ownership market relative to local incomes — dynamics that typically sustain reliance on multifamily rentals rather than shifting households to ownership.
The property’s 1988 vintage is slightly newer than the neighborhood’s average construction year. That positioning can offer a competitive edge versus older stock, while still leaving room for targeted modernization and capital planning to enhance renter appeal and operating efficiency.
Safety indicators are mixed but broadly comparable to metro norms. The neighborhood’s overall crime standing is above the metro median (ranked 123rd out of 449), and national positioning is around the middle of the pack. Violent-offense levels benchmark slightly better than the national average and have improved year over year, while property-offense levels track somewhat better than national norms but have shown a recent uptick. For investors, this suggests typical urban-core risk management considerations with attention to on-site security, lighting, and access controls.
Nearby employment anchors include logistics, healthcare, energy, and homebuilding corporate offices that support commuter convenience and renter demand: Ryder System, Johnson & Johnson, World Fuel Services, and Lennar. Mosaic adds further white-collar depth within a short drive.
- Ryder System — logistics (3.3 miles) — HQ
- Johnson & Johnson — healthcare products offices (3.6 miles)
- World Fuel Services — energy & logistics (3.9 miles) — HQ
- Lennar — homebuilding (6.4 miles) — HQ
- Mosaic — chemicals & agriculture (13.5 miles)
This asset’s positioning in a high-amenity, renter-heavy pocket of Hialeah supports stable leasing, with neighborhood occupancy trending above many metro peers. According to CRE market data from WDSuite, the area ranks competitively within the Miami-Miami Beach-Kendall metro and benefits from top-percentile access to groceries, restaurants, parks, and daily services — factors that bolster tenant retention and pricing power.
The 1988 vintage is slightly newer than the neighborhood average, offering a platform to outperform older stock while still presenting value-add opportunities through targeted interior upgrades and systems modernization. Within a 3-mile radius, household growth alongside smaller household sizes points to a larger renter pool over time. While ownership costs relative to income remain elevated — reinforcing rental demand — investors should plan for affordability-aware lease management and continued attention to standard urban safety measures.
- High neighborhood occupancy and strong renter concentration support income stability
- Top-percentile amenity access enhances leasing velocity and retention
- 1988 vintage offers competitive positioning with clear value-add modernization potential
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: affordability pressure and mixed-but-manageable safety trends warrant prudent operations