| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 71st | Good |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 SW 1st Ave, Boca Raton, FL, 33432, US |
| Region / Metro | Boca Raton |
| Year of Construction | 1974 |
| Units | 32 |
| Transaction Date | 2018-10-31 |
| Transaction Price | $16,800,000 |
| Buyer | BOCA ISLANDS EAST LLC |
| Seller | REALM 102 LLC |
1300 SW 1st Ave Boca Raton Multifamily Investment
Elevated home values and top-quartile neighborhood occupancy indicate durable renter demand and pricing resilience, according to WDSuite’s CRE market data. The Boca Raton Inner Suburb location supports stability for a 32-unit asset screening for consistent performance.
The property sits in Boca Raton’s Inner Suburb, a B+ rated neighborhood that is competitive among 319 West Palm Beach–Boca Raton–Boynton Beach metro neighborhoods (ranked 89 out of 319). Neighborhood occupancy is strong and above metro norms (top quartile by rank), supporting steady leasing conditions rather than volatile swings.
Daily-needs access is a relative strength: grocery and pharmacy density both land in the metro’s top quartile by rank, and parks are likewise abundant. Food-and-beverage options immediately within the neighborhood are limited by count, so residents may rely on nearby nodes for restaurants and cafes.
Within a 3-mile radius, population and household counts have expanded and are projected to continue growing, pointing to a larger tenant base over time. The area shows a balanced tenure mix, with a substantial share of housing units renter-occupied, which supports depth of demand for multifamily. High neighborhood home values and an elevated value-to-income ratio create a high-cost ownership market that tends to reinforce reliance on rentals and can support retention and pricing power for well-managed communities.
Income profiles are comparatively strong at the neighborhood level (high national percentiles for household income), and median contract rents in the neighborhood trend above national norms while rent-to-income ratios indicate manageable affordability pressure. Taken together, these dynamics are consistent with stable occupancy and moderate revenue growth potential for professionally operated assets.
Safety indicators are mixed but generally favorable in broader context. The neighborhood’s overall crime standing sits around the metro median (ranked 146 out of 319 neighborhoods), while national comparisons point to relatively strong safety: violent offense rates are in the top decile nationwide and property offense rates are also in a high national percentile, according to WDSuite’s data.
Investors should note a recent year-over-year uptick in property offenses at the neighborhood level, even as violent offense measures remain comparatively low. Monitoring trend direction and on-the-ground property security practices is prudent during underwriting and asset management.
Nearby corporate nodes help anchor employment and support renter demand through commute convenience, notably in retail headquarters, healthcare administration, and automotive services offices referenced below.
- Office Depot — corporate headquarters (4.9 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (12.0 miles)
- AutoNation — automotive retail HQ (15.4 miles) — HQ
- Siegel Financial Group - Northwestern Mutual — financial services offices (25.8 miles)
- Sysco Southeast Florida — foodservice distribution (29.6 miles)
This Boca Raton asset benefits from neighborhood fundamentals that favor occupancy stability: top-quartile neighborhood occupancy by metro rank, high household incomes, and a high-cost ownership landscape that helps sustain multifamily demand. Within a 3-mile radius, population and households are expanding with forecasts indicating further renter pool expansion, which supports leasing velocity and retention for well-positioned properties.
Home values in the immediate neighborhood are elevated versus national norms, and median neighborhood rents trend higher while rent-to-income measures suggest manageable affordability pressure. According to CRE market data from WDSuite, daily-needs access (grocery, pharmacy, parks) ranks among the metro’s stronger clusters, while limited on-neighborhood dining density and a recent uptick in property offenses are factors to monitor in operations and resident experience.
- Neighborhood occupancy ranks in the metro’s top quartile, supporting stable leasing and cash flow consistency.
- High-cost ownership market reinforces multifamily demand and pricing power for quality assets.
- Within 3 miles, population and household growth point to a larger future tenant base and sustained demand.
- Daily-needs access is strong (grocery, pharmacy, parks), supporting resident retention and quality of life.
- Risks: limited immediate restaurant/cafe density and a recent property offense uptick warrant monitoring and appropriate on-site measures.