| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 32nd | Fair |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9919 W Okeechobee Rd, Hialeah, FL, 33016, US |
| Region / Metro | Hialeah |
| Year of Construction | 1985 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9919 W Okeechobee Rd Hialeah Multifamily Opportunity
Neighborhood occupancy is high and stable, supporting income durability for a 45‑unit asset, according to WDSuite’s CRE market data. These occupancy figures reflect the surrounding neighborhood, not the property.
Located in Hialeah’s Urban Core, the property benefits from a neighborhood rated A and ranked 61 out of 449 in the Miami metro—competitive among Miami neighborhoods. Retail and daily-needs access is a standout: grocery options rank 5 out of 449 (99th percentile nationally), with dense restaurant and park coverage that helps sustain renter appeal and supports leasing velocity.
Renter-occupied housing makes up a meaningful share of local units (62.1% renter concentration), indicating depth in the tenant base and a broad pool for renewals and backfills. Neighborhood occupancy runs above the metro median (rank 99 of 449; top quartile nationally), a constructive signal for revenue consistency at stabilized multifamily.
Within a 3‑mile radius, households have grown over the last five years and are projected to increase further even as average household size trends smaller—pointing to a larger number of households and a potentially expanding renter pool. Contract rents have risen historically and are projected to continue rising, which, combined with strong amenities, can underpin rent roll performance; this perspective is grounded in commercial real estate analysis from WDSuite.
Ownership costs in the area are elevated relative to incomes (high national percentile for value-to-income), which tends to reinforce reliance on rental housing and can support lease retention. At the same time, higher rent-to-income ratios signal affordability pressure that owners should manage through pricing, renewal strategies, and unit mix considerations.
Safety indicators are mixed but generally comparable to broader U.S. norms. The neighborhood’s overall safety profile sits around the national middle (crime national percentile ~51), with violent offense measures slightly better than average (53rd percentile nationally) and property offense closer to the national mid-to-better range (60th percentile).
Trend-wise, recent data shows improvement in violent offense rates year over year, while property offenses have increased. Within the Miami metro, the neighborhood’s crime rank is 123 out of 449, placing it above the metro median but not in the top tier. Investors should underwrite routine security, lighting, and access controls consistent with urban assets and monitor citywide trend shifts over time.
Proximity to a diverse set of corporate offices supports renter demand through commute convenience and a stable employment base. Nearby anchors include Ryder System, Johnson & Johnson, World Fuel Services, Lennar, and Mosaic.
- Ryder System — transportation & logistics (3.1 miles) — HQ
- Johnson & Johnson — healthcare corporate office (3.5 miles)
- World Fuel Services — energy & logistics (4.0 miles) — HQ
- Lennar — homebuilding corporate office (6.6 miles) — HQ
- Mosaic — chemicals & fertilizers (13.8 miles)
This 45‑unit asset is positioned in a high-amenity Urban Core pocket of Hialeah where neighborhood occupancy trends are above the metro median and renter concentration is strong, supporting depth of demand and potential lease stability. According to CRE market data from WDSuite, dense grocery, restaurant, and park access rank among the metro’s best, a feature set that typically sustains renter appeal and reduces downtime during turns.
Within a 3‑mile radius, household counts have increased historically and are projected to expand further as household sizes trend smaller—implications that favor a larger tenant base over time. Elevated ownership costs relative to incomes suggest continued reliance on rental options, while rising rents point to ongoing pricing power. Key risks to watch include high rent-to-income ratios that call for disciplined renewal strategies and vigilant expense management.
- Above-median neighborhood occupancy and strong renter concentration support income durability
- High-amenity location (top-tier grocery, dining, parks) underpins leasing and retention
- 3‑mile household growth and smaller household sizes expand the renter pool
- Elevated ownership costs reinforce multifamily demand versus buying
- Risk: high rent-to-income ratios require careful renewal and pricing management