| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 86th | Best |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 23054 Post Gardens Way, Boca Raton, FL, 33433, US |
| Region / Metro | Boca Raton |
| Year of Construction | 1989 |
| Units | 40 |
| Transaction Date | 2021-02-23 |
| Transaction Price | $30,699,000 |
| Buyer | TUSCANY POINTE M-O OWNER LLC |
| Seller | EL-AD TUSCANY POINTE LLC |
23054 Post Gardens Way Boca Raton Multifamily Investment
In a high-cost ownership pocket of Boca Raton, neighborhood renter-occupied share and steady occupancy point to durable leasing, according to WDSuite’s CRE market data. The submarket’s income profile supports pricing power while still requiring thoughtful affordability management.
Located in Boca Raton’s Inner Suburb, this B+ rated neighborhood ranks 102 out of 319 across the metro, placing it above the metro median. Strong household incomes (above most U.S. neighborhoods) and elevated home values (top decile nationally) signal a deep pool of renters who rely on multifamily options, supporting retention and rent growth management for operators.
Neighborhood occupancy averages 90.8% and has improved over the past five years, indicating stable demand at the neighborhood level rather than the property itself. Median contract rents are high relative to U.S. benchmarks (around the 90th percentile nationally), while the rent-to-income ratio trends favorable near the national middle, giving owners some room to manage renewals without overextending affordability risk.
Renter-occupied housing accounts for 47.3% of neighborhood units (competitive among metro peers), which translates to a sizeable tenant base for a 40-unit asset. Within a 3-mile radius, population and household counts have grown and are projected to expand further through 2028, indicating renter pool expansion that can support occupancy stability and leasing velocity.
Local amenity density inside the immediate neighborhood footprint is limited for cafes, groceries, and pharmacies, but park access ranks in the top quartile nationally. For investors, the trade-off is straightforward: residents may drive for retail and services, yet the area’s quality-of-life profile and income strength align with sustained multifamily demand.
Safety indicators compare favorably overall. The neighborhood’s crime rank sits 131 out of 319 within the West Palm Beach–Boca Raton–Boynton Beach metro, which is above the metro median. Nationally, the area trends safer than average, with violent offense metrics around the top quintile and property offenses above the national middle. Year-over-year movements can vary by category, so prudent owners typically monitor trends at the neighborhood level rather than block-by-block.
Proximity to regional corporate offices underpins renter demand and commute convenience. The immediate employment base includes headquarters and major offices in retail, healthcare administration, financial services, and food distribution, which can support leasing stability for workforce-oriented units.
- Office Depot — retail HQ operations (4.8 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (9.5 miles)
- AutoNation — automotive retail corporate (14.8 miles) — HQ
- Siegel Financial Group - Northwestern Mutual — financial services (26.4 miles)
- Sysco Southeast Florida — food distribution (30.0 miles)
This 1989-vintage asset benefits from neighborhood fundamentals that favor multifamily: high ownership costs sustain renter reliance, incomes are strong by national standards, and neighborhood occupancy has held near metro norms. Being newer than the local average stock enhances competitive positioning versus older assets, though systems and common areas may still warrant targeted modernization to sharpen leasing and retention.
According to CRE market data from WDSuite, the neighborhood’s renter-occupied share and improving occupancy trend point to demand resilience, while 3-mile radius projections for population and household growth suggest a larger tenant base over the next several years. Limited walkable retail means residents typically drive for services, but the area’s park access and employment connectivity help support stable tenancy and renewal potential.
- Demand durability: renter-occupied share and improving neighborhood occupancy support stable leasing
- Competitive positioning: 1989 vintage is newer than nearby averages, with selective upgrades to enhance appeal
- Income depth: high local incomes and elevated ownership costs reinforce multifamily demand and retention
- Growth runway: 3-mile population and household expansion supports a larger tenant base and occupancy stability
- Risk: limited walkable retail and normal crime variability warrant proactive resident experience and safety monitoring