| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 46th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1200 NW 13th St, Boca Raton, FL, 33486, US |
| Region / Metro | Boca Raton |
| Year of Construction | 1974 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1200 NW 13th St Boca Raton Multifamily Opportunity
Neighborhood renter concentration is high, supporting depth of tenant demand and potential leasing resilience, according to WDSuite s CRE market data. Rents price above national norms while ownership costs run elevated, a combination that can sustain multifamily occupancy in Boca Raton.
Located in Boca Raton s inner suburb, the neighborhood rates B overall and is competitive among West Palm Beach Boca Raton Boynton Beach neighborhoods (rank 121 of 319). Local retail and daily-needs access are a strength: restaurants, parks, and pharmacies index in the top quartile nationally, while groceries are above national median. This mix supports renter convenience and helps with retention.
Multifamily demand fundamentals are underpinned by a majority of housing units being renter-occupied in the neighborhood (high national percentile for renter concentration). That indicates a broad tenant base relative to ownership stock. By contrast, neighborhood occupancy trends track below national norms, suggesting lease-up may require active management and competitive positioning.
Within a 3-mile radius, population and household counts have grown and are projected to expand further over the next five years, pointing to a larger tenant base and more renters entering the market. Household incomes are rising alongside projected rent growth, which can support pricing power when paired with quality operations and product positioning.
Home values benchmark above the national median and the neighborhood s value-to-income ratio sits near the high end nationally. In practical terms, this is a high-cost ownership market, which supports reliance on rental housing and can bolster lease retention for well-managed assets. Median contract rents in the neighborhood are also above national levels, so monitoring affordability pressure and renewal strategies remains important for revenue stability.
School rating data for the immediate area are not available in this dataset. However, amenity density and park access score well, and proximity to employment centers across Boca Raton and the broader metro complements the area s livability profile for renters.
According to CRE market data from WDSuite, the neighborhood s overall safety profile trends modestly better than the national average (higher national percentile indicates safer conditions). Property offense measures benchmark in the upper tiers nationally, while violent offense indicators also sit in a favorable national percentile.
Recent year-over-year trends show some volatility in violent offense statistics, so investors should track directionality rather than relying on a single reading. Compared with other neighborhoods in the West Palm Beach Boca Raton Boynton Beach metro (319 total), conditions are broadly competitive without signaling either a pronounced risk or a clear outlier. As always, underwriting should incorporate updated local reporting and property-level measures.
Nearby corporate anchors provide a diversified employment base and commuting options that help support renter demand and retention. Key employers within a commutable radius include Office Depot, Tenet Healthcare, AutoNation, Siegel Financial Group, and Sysco.
- Office Depot corporate offices (3.0 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare administration (11.2 miles)
- AutoNation corporate offices (16.7 miles) HQ
- Siegel Financial Group Northwestern Mutual financial services offices (24.4 miles)
- Sysco Southeast Florida foodservice distribution (28.1 miles)
1200 NW 13th St is positioned in a renter-oriented Boca Raton neighborhood where amenity access and employment reach support multifamily demand. Neighborhood rents price above national levels, and ownership costs benchmark high, reinforcing reliance on rental housing and helping sustain occupancy for appropriately positioned assets. Based on CRE market data from WDSuite, NOI per unit performance for the neighborhood trends above national averages, underscoring revenue potential with disciplined operations.
Counterbalancing these tailwinds, neighborhood occupancy measures run below national norms and rent-to-income ratios indicate affordability pressure, which elevates renewal and concession risk if pricing outpaces income growth. Demographic expansion within 3 miles including projected gains in population and households supports a larger tenant base, but execution will hinge on product quality, asset management, and competitive pricing.
- Renter-heavy neighborhood supports depth of tenant demand and leasing stability.
- Amenity access and employment proximity enhance retention and marketability.
- Neighborhood NOI per unit trends above national averages, per WDSuite.
- Demographic growth within 3 miles expands the renter pool over the medium term.
- Risks: below-national occupancy and affordability pressure require active lease management and prudent pricing.