| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 44th | Fair |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8800 SW 8th St, Miami, FL, 33174, US |
| Region / Metro | Miami |
| Year of Construction | 2008 |
| Units | 55 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8800 SW 8th St Miami Multifamily Investment
Neighborhood occupancy is near full and amenity access is strong, supporting durable renter demand according to WDSuite’s CRE market data.
This Inner Suburb location ranks 37 out of 449 Miami-Miami Beach-Kendall neighborhoods (top quartile in the metro), signaling balanced fundamentals and investor-relevant stability. According to WDSuite’s multifamily property research, neighborhood occupancy is tight (ranked 37 of 449), which supports consistent leasing relative to metro peers.
Amenity access is a core strength: cafes and restaurants benchmark in high national percentiles, while groceries, parks, and pharmacies are also above national medians. Average school ratings sit above national medians, a positive for family-oriented renters and longer-term retention.
Within the immediate neighborhood, 27.6% of housing units are renter-occupied, but the surrounding 3-mile radius reflects a deeper renter pool at 45.7%. For investors, that suggests demand capture from nearby blocks even if the immediate area skews more owner-occupied. Rents sit in the upper decile nationally alongside near-full occupancy—a mix that favors disciplined revenue management over concessions.
Demographic data aggregated within a 3-mile radius shows households up 7.9% over five years even as population declined 5.4%, indicating smaller household sizes and a shifting renter mix rather than new unit construction. Projections point to a sizable increase in households by 2028 with a modest reduction in average household size, expanding the tenant base and supporting occupancy stability for professionally managed assets.
Ownership costs are elevated (home values above national medians and a value-to-income ratio among the highest nationally). For multifamily owners, a high-cost ownership market typically sustains reliance on rental housing, aiding lease retention and measured pricing power when paired with effective leasing and renewal strategies.
Safety indicators are mixed versus peers. The neighborhood’s crime rank is 243 out of 449 within the Miami-Miami Beach-Kendall metro, placing it below the metro median and around the 41st percentile nationally. Over the past year, property offenses declined materially (a stronger improvement than many neighborhoods nationwide), while estimated violent offenses rose, indicating uneven progress.
Operationally, investors often emphasize lighting, access control, and engagement with local public-safety initiatives in submarkets with below-median safety positioning, recognizing that improving property-crime trends can support retention over time.
Nearby corporate anchors provide a broad employment base and commute convenience for renters, led by headquarters in construction, energy, and logistics, plus additional healthcare and corporate offices listed below.
- Lennar — homebuilding corporate offices (2.2 miles) — HQ
- World Fuel Services — energy & fuel services (3.5 miles) — HQ
- Ryder System — logistics & fleet management (7.9 miles) — HQ
- Johnson & Johnson — healthcare products (10.1 miles)
- Mosaic — fertilizer & agribusiness (13.9 miles)
Built in 2008, this 55-unit asset competes well against older neighborhood stock (average vintage late 1970s), reducing near-term capital exposure while leaving room for selective upgrades to systems and finishes over time. Tight neighborhood occupancy and above-median school and amenity access support leasing stability, while elevated ownership costs in the area reinforce renter reliance on multifamily housing. According to commercial real estate analysis from WDSuite, rents benchmark high nationally in this neighborhood context, favoring professional operations over concessions.
Within a 3-mile radius, households have grown even as population edged lower, with projections calling for further household expansion and slightly smaller household sizes—dynamics that typically enlarge the tenant base and support occupancy. Proximity to multiple headquarters and regional employers further underpins demand and renewal prospects, though rent-to-income levels warrant attentive lease management.
- 2008 vintage positions competitively versus older local stock; plan selective upgrades as systems age
- Tight neighborhood occupancy and strong amenities support leasing stability and retention
- High-cost ownership market sustains renter demand and measured pricing power
- Household growth within 3 miles expands the tenant base despite flat-to-down population
- Risks: elevated rent-to-income ratios and mixed safety metrics call for disciplined lease and operations management