| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 43rd | Fair |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 912 Denton Blvd NW, Fort Walton Beach, FL, 32547, US |
| Region / Metro | Fort Walton Beach |
| Year of Construction | 1996 |
| Units | 24 |
| Transaction Date | 2013-07-02 |
| Transaction Price | $3,300,000 |
| Buyer | NEW EMERALD FLORIDA APARTMENTS LLC |
| Seller | EMERALD FLORIDA APARTMENTS LLC |
912 Denton Blvd NW, Fort Walton Beach Multifamily Investment
Neighborhood occupancy trends sit in the top quartile among 86 metro neighborhoods, supporting stable leasing conditions, according to WDSuite’s CRE market data. A higher renter-occupied share in the area points to a deep tenant base for a 24-unit, 1996-vintage asset.
This Inner Suburb location in Fort Walton Beach carries a B- neighborhood rating and posts an occupancy level that ranks in the top quartile among 86 Crestview–Fort Walton Beach–Destin metro neighborhoods. For investors, that relative standing suggests durable renter demand and supports lower downtime between turns compared with many metro peers.
Renter-occupied housing accounts for a larger share of units locally than most of the metro (above the metro median, with a high national percentile), indicating a sizable and active renter pool. Median contract rents in the neighborhood sit around the metro middle, and a rent-to-income ratio near 0.19 signals manageable affordability pressure that can aid retention and steady collections.
Within a 3-mile radius, population and household counts have increased over the past five years, with WDSuite data indicating continued growth ahead. That trajectory expands the local renter pool and underpins occupancy stability for well-managed multifamily. The 1996 construction year is slightly newer than the neighborhood’s average 1990 stock, which can be a competitive advantage versus older properties while still warranting targeted system updates or light renovations as part of capital planning.
Local amenity density skews car-oriented, with low counts of restaurants, groceries, and parks per square mile, though childcare availability ranks strong versus other metro neighborhoods. Investors should consider how limited walkable retail may affect marketing and resident expectations, balanced by solid occupancy and renter demand fundamentals in the submarket.
Comparable crime metrics for this neighborhood are not available in WDSuite for recent periods, so investors should benchmark conditions against city and county sources and evaluate trends at the broader submarket level. A prudent approach is to compare neighborhood safety to metro norms and focus on property-level measures that support resident confidence without relying on block-level claims.
WDSuite currently has no verified nearby employer distance records to display for this address; investors often assess commute patterns to regional job centers to gauge renter demand and retention.
The investment case centers on occupancy stability, a deep renter base, and car-oriented but functional neighborhood dynamics. Occupancy ranks among the top quartile of 86 metro neighborhoods and has trended upward over five years, while the neighborhood’s renter-occupied share is above the metro median—both supportive of consistent leasing. The 1996 vintage is newer than the area’s average 1990 stock, suggesting a competitive position versus older assets, with room for targeted value-add and system modernization as needed. According to CRE market data from WDSuite, median rents align near metro norms and rent-to-income levels indicate manageable affordability pressure, supporting retention.
Within a 3-mile radius, recent population and household growth—and projections for further expansion—point to a larger tenant base ahead. Elevated home values relative to incomes in the neighborhood context reinforce reliance on rentals, which can support occupancy and pricing power for well-located, well-managed communities.
- Top-quartile neighborhood occupancy among 86 metro areas supports leasing stability
- Above-median renter-occupied share indicates depth of tenant demand
- 1996 vintage offers a relative edge versus older local stock with selective value-add potential
- 3-mile population and household growth expands the renter pool, aiding occupancy and retention
- Risk: limited walkable amenities may affect marketing; plan for car-oriented resident preferences