| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 32nd | Fair |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9815 W Okeechobee Rd, Hialeah, FL, 33016, US |
| Region / Metro | Hialeah |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | $5,676,900 |
| Buyer | RLG PARTNERS LTD |
| Seller | SEVEN SUNS INC |
9815 W Okeechobee Rd Hialeah Multifamily Investment
Neighborhood occupancy is high and renter demand is deep, according to WDSuite’s CRE market data, supporting stable leasing dynamics for well-managed assets in Hialeah’s urban core.
Situated in Hialeah’s Urban Core, the property benefits from strong neighborhood fundamentals that favor multifamily operations. The area shows a high share of renter-occupied housing (neighborhood renter concentration is elevated), which points to a broad tenant base and resilient demand for conventional units. Neighborhood occupancy trends are above most U.S. locations, supporting retention and pricing discipline for stabilized assets.
Daily-life amenities are a key strength. Grocery access ranks 5th out of 449 Miami metro neighborhoods and restaurants are also dense by local standards, placing the area in the top percentiles nationally for everyday conveniences. Parks, pharmacies, and cafes are similarly abundant, helping properties compete on location even as newer supply across the metro raises the bar on amenities.
Within a 3-mile radius, households have been increasing and are projected to expand further over the next five years even as average household size trends lower. This points to more households—and therefore a larger tenant pool—entering the market, which can support occupancy stability and leasing velocity for mid-size communities like this 24-unit asset.
Built in 1988, the asset is slightly newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock. Investors should still underwrite routine modernization for aging systems and common areas to maintain positioning against newer deliveries. Home values in the area are elevated relative to local incomes, which tends to reinforce reliance on rental housing and supports depth of demand for well-priced units.
Neighborhood safety indicators are mixed. Based on national comparisons, the area trends around the middle of the pack, with recent data showing improvement in violent offense rates year over year. Within the Miami metro, crime levels sit higher than the metro median (ranked against 449 neighborhoods), so prudent property-level security, lighting, and access controls remain important for tenant retention.
Nearby corporate offices provide a broad employment base and commute convenience that helps sustain renter demand, led by logistics, energy, healthcare products, and homebuilding employers listed below.
- Ryder System — logistics HQ (3.4 miles) — HQ
- Johnson & Johnson — healthcare products offices (3.5 miles)
- World Fuel Services — energy & fuel services HQ (3.9 miles) — HQ
- Lennar — homebuilding HQ (6.5 miles) — HQ
- Mosaic — industrial & materials offices (13.5 miles)
9815 W Okeechobee Rd sits in a Miami-Dade neighborhood with high renter concentration and strong occupancy, supporting steady leasing for conventional multifamily. Amenity density—especially groceries, restaurants, and parks—ranks among the metro’s leaders, helping the location compete on day-to-day convenience. According to CRE market data from WDSuite, this neighborhood’s fundamentals are consistent with durable renter demand, while nearby corporate employers broaden the weekday commuter base.
Constructed in 1988, the property is slightly newer than the neighborhood average, suggesting a competitive baseline with potential to capture value through targeted updates to interiors, building systems, and common areas. Investors should also account for area-level affordability pressures (relative to incomes) when planning rent growth and renewal strategies, balancing pricing with retention to sustain occupancy.
- High neighborhood occupancy and deep renter base support leasing stability.
- Top-tier amenity access (groceries, restaurants, parks) enhances location competitiveness.
- 1988 vintage offers relative competitiveness with room for value-add modernization.
- Proximity to multiple corporate offices underpins weekday demand and retention.
- Risks: metro-relative crime levels and rent-to-income pressure require prudent security and measured rent strategies.