| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 22nd | Poor |
| Amenities | 43rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3925 NW 182nd St, Miami Gardens, FL, 33055, US |
| Region / Metro | Miami Gardens |
| Year of Construction | 2004 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | $140,000 |
| Buyer | DEL PRADO GARDENS LTD |
| Seller | GOOSBY JAMES |
3925 NW 182nd St Miami Gardens Multifamily Investment
Neighborhood-level occupancy trends are stable and support consistent leasing, according to WDSuite’s CRE market data. Positioned in Miami-Dade’s inner suburbs, the asset benefits from a broad workforce renter base identified through multifamily property research.
Located in the Miami-Miami Beach-Kendall metro, this Inner Suburb setting offers practical renter appeal through everyday convenience. Neighborhood-level occupancy is strong and sits in the top quartile nationally, supporting steady cash flow dynamics. The median home value is elevated relative to many U.S. areas, which can sustain reliance on rental housing and help with tenant retention.
Amenity access skews toward daily needs rather than destination retail: grocery options are abundant (around the 90th percentile nationally) and cafes are comparatively dense (around the 87th percentile). Within the metro context, cafe density is competitive among Miami-Miami Beach-Kendall neighborhoods (ranked 160 of 449), helping support neighborhood activation and day-to-day convenience for residents.
Tenure patterns indicate a renter-occupied share near one-third of housing units at the neighborhood level, implying a measured but consistent tenant base. For investors, that suggests dependable multifamily demand without excessive turnover pressure, while acknowledging that ownership options remain a consideration in leasing strategy.
Demographic statistics aggregated within a 3-mile radius show households increased over the last five years and are projected to expand further, with population growth expected to resume alongside smaller average household sizes. These trends point to a larger tenant base and support for occupancy stability over the medium term, based on commercial real estate analysis from WDSuite.
Local schools rate below national norms and public park and pharmacy options are limited within the immediate neighborhood, which may require positioning the asset around access to broader metro amenities and commute corridors. Even so, the overall housing context is above the national median, and neighborhood occupancy remains a constructive signal for multifamily investors.
Safety indicators trend comparatively favorable versus national benchmarks: overall crime levels sit around the 70th percentile for safety nationwide, with property incidents nearer the 80th percentile and violent incidents around the 65th percentile. Recent data also show a meaningful year-over-year improvement in violent incident rates. These are neighborhood-level signals and can support leasing stability; investors should still underwrite property-specific security measures and management practices.
The surrounding employment base blends corporate offices and regional headquarters that help anchor workforce housing demand and commute convenience. Notable nearby employers include Johnson & Johnson, Ryder System, World Fuel Services, Mosaic, and Lennar.
- Johnson & Johnson — corporate offices (3.1 miles)
- Ryder System — corporate offices (8.9 miles) — HQ
- World Fuel Services — corporate offices (10.4 miles) — HQ
- Mosaic — corporate offices (12.5 miles)
- Lennar — corporate offices (12.9 miles) — HQ
Built in 2004, this 32-unit property (average unit size ~634 sq. ft.) is newer than much of the local housing stock, offering competitive positioning versus older units while leaving room for targeted modernization as systems age. Neighborhood-level occupancy trends are in the top quartile nationally, and elevated ownership costs in the area help reinforce renter demand and lease retention, according to CRE market data from WDSuite.
Within a 3-mile radius, households have grown historically and are projected to expand further alongside smaller household sizes, which can translate to a larger renter pool and durable absorption. The renter-occupied share at the neighborhood level sits near one-third, suggesting steady demand but also some competition from ownership; aligning finishes and pricing with workforce households can support leasing velocity and retention.
- 2004 vintage provides competitive positioning versus older stock with selective value-add potential
- Neighborhood occupancy trends in the top quartile nationally support cash flow stability
- Elevated ownership costs sustain renter reliance, aiding pricing power and retention
- 3-mile household growth and smaller household sizes point to a larger renter base
- Risks: below-average school ratings and limited nearby parks/restaurants require careful positioning and amenity strategy