| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 56th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9001 SW 122nd Ave, Miami, FL, 33186, US |
| Region / Metro | Miami |
| Year of Construction | 1992 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9001 SW 122nd Ave, Miami — Stabilized Multifamily Position
Neighborhood occupancy is strong with signs of durable renter demand, according to WDSuite s CRE market data, supporting a steady hold for a 1992-vintage, 32-unit asset in Miami s inner suburbs.
The property sits in an inner-suburb location within the Miami Miami Beach Kendall metro that ranks 47 out of 449 neighborhoods overall (A rating), placing it in the top quartile among metro peers. According to WDSuite s CRE market data, neighborhood occupancy is high and has improved over the past five years, which suggests a supportive backdrop for lease stability relative to broader metro trends.
Livability is anchored by a strong amenity mix: cafes and restaurants are dense by national standards (both near the top decile nationally), with everyday needs like grocery and pharmacy access testing above average. One tradeoff is limited park space in the immediate neighborhood. Transit access is typical for inner suburbs; residents generally rely on short drives to retail and services.
Tenure and renter demand: The neighborhood shows a high share of renter-occupied housing units (above the national norm), indicating a deep tenant base and helping support absorption and renewal activity. Median contract rents track above national levels, while occupancy remains elevated, an indicator of resilient demand rather than oversupply.
Demographics within a 3-mile radius: Households have grown even as overall population edged down, pointing to smaller household sizes and a broader leasing pool. Forward-looking estimates call for continued growth in household counts, which can expand the renter pool and support occupancy and pricing discipline. Household incomes are rising, which can underpin rent collections; however, investors should calibrate unit mix and finish levels to local affordability to maintain retention.
Ownership costs and rental positioning: Home values in the neighborhood test well above national medians, and the value-to-income ratio ranks near the top nationally. In a high-cost ownership market, multifamily can benefit from sustained reliance on rental housing, reinforcing demand depth and supporting lease-up velocity and renewal capture.
Safety signals are mixed when viewed against metro and national benchmarks. Within the Miami Miami Beach Kendall metro, the neighborhood s crime rank sits below the metro median (251 out of 449), while national comparisons place it below the midpoint for safety. That said, property crime has moved lower year over year, indicating improving trends that investors can monitor alongside management and security practices.
For investors, the takeaway is comparative rather than absolute: conditions are not among the metro s safest, but recent declines in property offenses suggest a favorable directional shift. Underwriting should reflect local operating practices (lighting, access control, and visibility) to sustain retention and support rent objectives without relying on further crime improvements.
Nearby corporate employers provide a diversified white-collar and services-oriented employment base that supports weekday demand, shorter commutes, and retention potential. Notable names include Lennar, World Fuel Services, Ryder System, Johnson & Johnson, and Mosaic.
- Lennar — homebuilding (6.5 miles) — HQ
- World Fuel Services — energy distribution (9.0 miles) — HQ
- Ryder System — logistics and fleet management (12.7 miles) — HQ
- Johnson & Johnson — healthcare products offices (16.2 miles)
- Mosaic — chemicals and crop nutrition offices (18.9 miles)
This 1992-vintage, 32-unit property benefits from a high-occupancy neighborhood and a renter-heavy housing stock, pointing to durable leasing fundamentals. The vintage is newer than the area s average stock, supporting competitive positioning versus older assets, though investors should budget for aging systems and targeted modernization to sustain rent premiums. According to CRE market data from WDSuite, neighborhood rents sit above national levels while occupancy remains elevated, indicating demand strength rather than excess supply.
Within a 3-mile radius, household counts have risen and are projected to expand further even as household sizes trend smaller—dynamics that can broaden the tenant base and support occupancy stability. Elevated ownership costs locally reinforce reliance on rental housing, but higher rent-to-income levels argue for disciplined lease management and value-focused upgrades to protect retention.
- High neighborhood occupancy and strong amenity access support lease stability and pricing power
- 1992 construction offers competitive positioning vs. older stock, with scope for targeted value-add
- Household growth within 3 miles and rising incomes expand the renter pool and bolster demand
- High-cost ownership market sustains renter reliance, supporting renewals and absorption
- Risks: elevated rent-to-income levels and mixed safety signals warrant careful underwriting and retention planning