| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 29th | Poor |
| Amenities | 49th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10147 Boca Entrada Blvd, Boca Raton, FL, 33428, US |
| Region / Metro | Boca Raton |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | 2024-11-01 |
| Transaction Price | $90,890,000 |
| Buyer | 10235 BOCA ENTRADA OWNER LLC |
| Seller | CIELO BOCA LP |
10147 Boca Entrada Blvd Boca Raton Multifamily
Neighborhood occupancy remains exceptionally tight, supporting stable leasing conditions for a 20-unit asset, according to WDSuite s CRE market data for the surrounding area. These occupancy figures reflect the neighborhood, not the property, and point to durable renter demand in Boca Raton.
Situated in Boca Raton s western corridor, the neighborhood shows strong operating fundamentals for multifamily investors. Neighborhood occupancy ranks 6 out of 319 within the West Palm Beach Boca Raton Boynton Beach metro (top quartile nationally), indicating limited vacant stock and support for rent stability at the neighborhood level. The renter-occupied share is 38.7% (above the national median), suggesting a meaningful tenant base without oversaturation. All occupancy metrics refer to the neighborhood, not the subject property.
Amenity access favors daily needs and dining. Grocery density ranks 5 of 319 and restaurants rank 34 of 319 in the metro, both competitive among West Palm Beach Boca Raton neighborhoods, while parks, childcare, and pharmacies are sparse within the neighborhood footprint. This mix supports everyday convenience and dining variety, with fewer public open-space options nearby.
Within a 3-mile radius, population and households have expanded over the past five years and are projected to continue growing by the next data horizon, pointing to a larger tenant base over time. Median household incomes are comparatively strong in the 3-mile area and trending upward, which helps support effective rent levels; at the neighborhood scale, elevated rents and a higher rent-to-income ratio signal some affordability pressure that owners should address through lease management and renewal strategies.
Home values in the neighborhood are elevated versus many national peers, reinforcing reliance on rental housing and helping sustain multifamily demand and retention. The 1988 construction vintage is slightly newer than the neighborhood average (1984), offering competitive positioning versus older stock, while still warranting capital planning for aging systems or targeted modernization to meet renter expectations.
Safety indicators are mixed but generally align near metro and national midpoints. The neighborhood s overall crime ranking sits 202 out of 319 metro neighborhoods, while national comparisons indicate slightly better-than-average conditions overall. Violent-offense measures benchmark in a higher national percentile (safer relative to many U.S. neighborhoods), whereas property-offense measures sit closer to the national middle and have shown recent variability. These figures describe neighborhood trends rather than the specific property or block.
Nearby employers span healthcare, retail corporate services, and automotive headquarters, supporting a diverse commuter base that can reinforce renter demand and lease retention for workforce-oriented units.
- Tenet Healthcare Corporation, Florida Region healthcare services (5.1 miles)
- Office Depot retail corporate offices (7.1 miles) HQ
- AutoNation automotive retail corporate offices (15.2 miles) HQ
- Siegel Financial Group - Northwestern Mutual financial services offices (27.5 miles)
- Johnson & Johnson healthcare & consumer products offices (30.2 miles)
10147 Boca Entrada Blvd offers investors exposure to a Boca Raton neighborhood with tight multifamily conditions and a solid renter base. Neighborhood occupancy ranks 6 of 319 metro neighborhoods (top quartile nationally), indicating a constrained leasing environment that can support stable performance at the neighborhood level. The area s renter-occupied share points to depth in the tenant pool, while household and income growth within a 3-mile radius suggest continued renter pool expansion and support for occupancy stability. Based on commercial real estate analysis from WDSuite, current neighborhood rent levels and rent-to-income metrics warrant attention to affordability pressure through renewal strategies and unit positioning.
Built in 1988, the asset is slightly newer than the neighborhood s average vintage, which can help competitive positioning versus older stock. Targeted modernization may still be prudent to address aging systems and capture value-add upside. Proximity to healthcare and corporate employers supports leasing demand and retention, with everyday amenities strong in groceries and dining but fewer parks and childcare options in the immediate neighborhood.
- Tight neighborhood occupancy supports leasing stability and pricing power at the neighborhood level
- 3-mile population and household growth expand the tenant base and support demand
- 1988 vintage offers competitive positioning with potential value-add through targeted modernization
- Diverse nearby employers (healthcare, retail corporate, automotive HQs) underpin workforce housing demand
- Risks: affordability pressure at the neighborhood level, mixed but midrange safety trends, and limited parks/childcare within the footprint