| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 75th | Good |
| Amenities | 36th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12967 Hagen Ranch Rd, Boynton Beach, FL, 33437, US |
| Region / Metro | Boynton Beach |
| Year of Construction | 2009 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12967 Hagen Ranch Rd Boynton Beach Multifamily Investment
2009-vintage, 40-unit asset positioned in a suburban, ownership-heavy pocket that supports stable tenancy and rent resilience; according to WDSuite s CRE market data, newer stock here competes well against older inventory while benefiting from steady household growth.
The property sits in a suburban Boynton Beach neighborhood rated B+, with amenity access that is competitive among the 319 metro neighborhoods. Caf e9 and park availability track in the upper tiers locally (caf e9 density is competitive among West Palm Beach Boca Raton Boynton Beach neighborhoods; parks are likewise competitive), while grocery options are above the metro median. This mix supports daily convenience and livability without relying on a core urban address.
Relative to the metro s older housing stock (average construction year 1984), a 2009 build offers an edge in curb appeal and systems, which can aid leasing and retention versus nearby legacy properties. That said, mid-2000s buildings commonly face upcoming capital items (roofing, HVAC, interiors) that investors should plan for as part of a value-preservation or light value-add program.
Neighborhood-level occupancy trends sit below national norms, but the area s demographics are supportive: within a 3-mile radius, both population and household counts have grown in recent years and are forecast to expand further, indicating a gradually larger tenant base. Median contracted rents in the neighborhood benchmark toward the higher end locally, yet rent-to-income levels suggest manageable affordability pressure, which can underpin pricing power and lease stability when asset quality and management execution are strong.
Elevated home values relative to national benchmarks indicate a higher-cost ownership market. For multifamily, that typically sustains reliance on rental housing and can reinforce retention among satisfied renters. This context, paired with competitive amenities and a newer vintage profile, frames a pragmatic leasing story for an investor focused on operational execution and disciplined capital planning informed by commercial real estate analysis from WDSuite.
Neighborhood safety indicators compare favorably in a broader context. Based on WDSuite data, the area ranks above the metro average (64th out of 319) and trends in the safer tiers nationally. Violent offense rates are in the top quartile nationwide, and property offenses track better than the national midpoint, with both categories showing recent year-over-year declines. These comparative signals support resident retention and leasing consistency while warranting the usual asset-level security and lighting best practices.
Proximity to a diverse employment base supports renter demand and commute convenience, led by corporate services, healthcare, logistics, and auto retail headquarters. The employers below reflect realistic commute sheds for residents and help underpin weekday occupancy and retention.
- Office Depot corporate offices (6.2 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare administration (14.4 miles)
- Siegel Financial Group Northwestern Mutual financial services (16.9 miles)
- Sysco Southeast Florida foodservice distribution (20.1 miles)
- AutoNation auto retail corporate (25.1 miles) HQ
This 2009-vintage, 40-unit property offers relative competitiveness versus an area where much of the housing stock is older, helping with curb appeal and operational efficiency. Household and population growth within a 3-mile radius point to a gradually expanding renter pool, while neighborhood rents benchmark on the higher end locally with rent-to-income levels supportive of measured pricing power. According to CRE market data from WDSuite, neighborhood occupancy trends run below national norms, so execution on marketing, unit turns, and renewals will be central to capturing demand.
The submarket s ownership-leaning tenure and elevated home values can sustain multifamily reliance among renters who value convenience and newer product. Investors should plan for mid-life capital items typical for late-2000s construction, with selective interior refreshes and systems upkeep to protect NOI and support retention.
- Newer-than-average 2009 construction enhances competitiveness versus older local stock
- Expanding 3-mile population and household base supports leasing and retention
- Higher neighborhood rent benchmarks with manageable rent-to-income support pricing discipline
- Nearby corporate, healthcare, and distribution employers provide diversified renter demand
- Risk: below-national neighborhood occupancy and low renter concentration require strong marketing and renewal strategy