| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Fair |
| Demographics | 44th | Fair |
| Amenities | 49th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8520 SW 107th Ave, Miami, FL, 33173, US |
| Region / Metro | Miami |
| Year of Construction | 1974 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8520 SW 107th Ave Miami Multifamily Investment
Neighborhood renter-occupied share is high, supporting a deeper tenant base and stable leasing conditions, according to WDSuite s CRE market data. Occupancy trends are steady at the neighborhood level, with pricing influenced by a high-cost ownership market across Miami-Dade.
The property sits in Miami s Urban Core within the Miami Miami Beach Kendall metro, where the neighborhood ranks above the metro median (212 of 449) on overall fundamentals. Amenity access is mixed restaurant density is competitive among metro neighborhoods (top national tier), while everyday services like groceries and parks are thinner locally, suggesting residents rely on nearby corridors for errands. School scores are not available in this dataset.
At the neighborhood level, renter concentration is elevated (renter-occupied share near two-thirds), indicating a sizable base for multifamily demand and potential resilience in occupancy. Median asking rents in the neighborhood trend above national norms, and occupancy is steady, which can support lease retention with disciplined management. Home values sit above national averages and the value-to-income ratio ranks in the top tier locally, pointing to a high-cost ownership environment that reinforces reliance on rental housing.
Within a 3-mile radius, households have grown in recent years and are projected to expand further, with smaller average household sizes over time. This trajectory implies a larger tenant pool and continued demand for rental units. Median and mean household incomes in the 3-mile area have risen meaningfully, and forward-looking estimates call for additional growth, which can underpin rent collections and absorption as new leases roll.
Vintage positioning matters: built in 1974, the asset is slightly older than much of the newer competitive stock in Miami-Dade. That age profile points to potential value-add through unit renovations and building system upgrades, alongside ongoing capital planning to maintain competitiveness against more recently delivered properties.
Safety indicators are mixed but improving. Compared with 449 metro neighborhoods, this area s crime rank sits on the higher-crime side of the metro spectrum, yet it performs above average nationally (around the mid-60s percentile versus neighborhoods nationwide). Year-over-year trends show notable declines in both property and violent offense estimates, which suggests momentum toward improved conditions, though continued monitoring remains prudent.
Nearby employers create a diversified white-collar employment base that supports renter demand and commute convenience for residents, including headquarters and regional corporate offices for homebuilding, energy services, logistics, healthcare, and consumer sectors listed below.
- Lennar homebuilding (5.9 miles) HQ
- World Fuel Services energy services (8.4 miles) HQ
- Ryder System logistics & transportation (12.3 miles) HQ
- Johnson & Johnson healthcare products (15.4 miles)
- Mosaic materials & chemicals (17.5 miles)
8520 SW 107th Ave offers exposure to a renter-heavy Miami neighborhood where leasing is supported by steady occupancy and a high-cost ownership market that sustains multifamily demand. Based on CRE market data from WDSuite, neighborhood rents trend above national levels while renter concentration enhances depth of the tenant base. The 3-mile area points to continued household growth and rising incomes, expanding the renter pool and supporting absorption over a multi-year hold.
Constructed in 1974, the asset s vintage suggests clear value-add potential via interior upgrades and selective systems modernization to improve competitive positioning against newer inventory. While amenity gaps in the immediate blocks and measured affordability pressure call for disciplined lease management, proximity to a diversified set of anchor employers underpins demand and retention.
- Renter-occupied share is high at the neighborhood level, supporting a larger tenant base and stable leasing.
- Steady neighborhood occupancy and rents above national norms aid revenue consistency with prudent management.
- 3-mile household and income growth expands demand and supports lease-up and renewal prospects.
- 1974 vintage provides value-add upside through unit renovations and targeted building system upgrades.
- Risks: localized amenity gaps, relative crime positioning within the metro, and affordability pressure requiring careful lease management.