| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 67th | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2564 Quantum Lakes Dr, Boynton Beach, FL, 33426, US |
| Region / Metro | Boynton Beach |
| Year of Construction | 2002 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | $14,705,500 |
| Buyer | VILLAS AT QUANTUM LAKES |
| Seller | PARK QUANTUM M |
2564 Quantum Lakes Dr Boynton Beach 20-Unit Multifamily
Neighborhood fundamentals point to durable renter demand and above-median occupancy within the West Palm Beach–Boca Raton–Boynton Beach metro, according to WDSuite s commercial real estate analysis. Investor takeaway: leasing stability is supported by strong renter concentration and everyday-amenity access.
Situated in an Inner Suburb setting of Boynton Beach, the neighborhood rates A and ranks 30th out of 319 metro neighborhoods, placing it in the top quartile locally based on CRE market data from WDSuite. Daily convenience is a differentiator: restaurants, cafes, groceries, and pharmacies all rank in the top quartile among 319 metro neighborhoods, reinforcing walkable access to essentials and services that supports renter retention.
Occupancy in the neighborhood is above the metro median (top-quartile rank 75 of 319), and the share of housing units that are renter-occupied is among the highest in the metro (rank 5 of 319). For investors, that depth of renter concentration points to a large tenant base and consistent leasing activity rather than reliance on marginal demand.
Within a 3-mile radius, population and households have expanded in recent years, and projections through 2028 indicate additional population growth and a meaningful increase in households, implying a larger tenant base ahead. Average household size is trending lower in the forecast, which can translate into more households seeking rental options and support occupancy stability.
Home values in the neighborhood are elevated relative to many areas nationally, while the rent-to-income profile trends favorable (low national percentile for rent-to-income). For multifamily owners, this combination can support pricing power without outsized affordability pressure, aiding lease management and retention. One note: the neighborhood s average construction vintage skews newer (average 2006 rank 9 of 319), while this property was built in 2002, suggesting selective modernization could sharpen competitive positioning versus newer stock.
Trade-offs to consider include limited park and childcare density (both at the bottom of metro rankings), which may modestly temper appeal for certain family renters; however, the strong amenity mix for daily needs helps offset this for a broad renter cohort.
Safety signals are mixed in a way investors should contextualize. Compared with the broader West Palm Beach Boca Raton Boynton Beach metro, the neighborhood s recent property-offense rank sits in a higher-risk cohort (26th out of 319), while violent-offense trends are closer to the metro middle (184th out of 319). Nationally, percentile indicators point more favorable than average for both violent and property offenses, placing the area on the safer side compared with many neighborhoods across the country.
For underwriting, these dynamics argue for standard security measures and tenant screening, with the understanding that metro-relative exposure is higher on property offenses even as national comparisons are better than average. Monitoring trend direction over upcoming periods remains prudent.
The employment base combines corporate offices in retail, finance, food distribution, healthcare, and energy, supporting a diverse set of renters and commute convenience for workforce housing. The employers below reflect the nearest anchors likely to influence leasing stability in this submarket.
- Office Depot retail corporate offices (10.1 miles) HQ
- Siegel Financial Group - Northwestern Mutual financial services (11.5 miles)
- Sysco Southeast Florida food distribution (15.3 miles)
- Tenet Healthcare Corporation, Florida Region healthcare management (20.8 miles)
- NextEra Energy energy utility (21.6 miles) HQ
This 20-unit 2002-vintage property benefits from neighborhood fundamentals that are competitive among West Palm Beach Boca Raton Boynton Beach peers: top-quartile amenity access, above-median occupancy, and one of the metro s highest renter-occupied housing shares. According to CRE market data from WDSuite, these dynamics point to a broad tenant base and resilient leasing, while the ownership-cost context supports rent levels without outsized affordability pressure.
Relative to the neighborhood s newer average vintage (2006), 2002 construction suggests targeted value-add opportunities from unit finishes to common-area updates to strengthen competitive positioning against younger stock. Investors should underwrite standard security and Opex for the metro, given property-offense readings that sit higher relative to local peers even as national comparisons are better than average.
- Renter demand depth: top-quartile neighborhood rank (30 of 319) with above-median occupancy supporting leasing stability.
- Amenity-rich location: restaurants, cafes, groceries, and pharmacies all rank in the metro s top quartile, aiding retention and rent achievement.
- Ownership-cost context: elevated home values and favorable rent-to-income dynamics support pricing power and renewals management.
- Value-add path: 2002 vintage relative to a newer neighborhood average indicates modernization potential to enhance competitiveness.
- Risk: metro-relative property-offense readings warrant routine security focus and expense planning, despite better-than-average national positioning.