| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 64th | Good |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14401 S Military Trl, Delray Beach, FL, 33484, US |
| Region / Metro | Delray Beach |
| Year of Construction | 1999 |
| Units | 30 |
| Transaction Date | 2008-01-18 |
| Transaction Price | $20,025,000 |
| Buyer | REP PRS II FTB LLC |
| Seller | FOUNTAINS 149 LLC |
14401 S Military Trl Delray Beach Multifamily Investment
Neighborhood rents skew higher than national benchmarks while tenant demand is supported by nearby retail and services, according to WDSuite's CRE market data. Expect steady interest from renters drawn to amenity access, with pricing strategy calibrated to neighborhood-level affordability rather than the property itself.
This suburban Delray Beach location offers practical amenity access that supports day-to-day livability and leasing. The neighborhood is competitive among West Palm Beach–Boca Raton–Boynton Beach (319 total neighborhoods) for overall amenities, with cafes, groceries, and restaurants landing in the top quartile metro-wide, while park and pharmacy access is limited. For investors, the concentration of everyday services helps with tenant retention and reduces friction for new lease-ups.
Neighborhood-level rents trend toward the higher end versus national benchmarks, and WDSuite data indicates elevated rent-to-income dynamics locally. That argues for careful revenue management and renewal strategies that balance occupancy with rent progression, particularly as affordability pressure can influence turnover.
Tenure patterns show a modest share of renter-occupied housing in the neighborhood, implying a shallower but steady tenant base. Within a 3-mile radius, population and household counts have increased and are projected to continue rising, supporting a larger tenant pool and more durable occupancy over the medium term.
Vintage considerations: the property was built in 1999, newer than the area's average 1980s stock. This supports relative competitiveness versus older assets, though investors should plan for selective modernization of systems and interiors to maintain positioning against late-1990s and early-2000s comparables.
Safety indicators sit around the metro median when compared across 319 West Palm Beach–Boca Raton–Boynton Beach neighborhoods, with stronger relative standing on violent-offense measures nationally and a more middle-of-the-pack profile on property offenses. This blend suggests day-to-day conditions broadly in line with the wider area.
According to WDSuite, national comparisons place the neighborhood in a higher percentile for lower violent-offense rates, while property-offense metrics are closer to national midrange and have shown recent variability. For investors, routine attention to lighting, access control, and property security can help sustain resident confidence and retention.
Nearby corporate, healthcare, financial, food distribution, and automotive employers support a broad workforce tenant base and commute convenience, which can aid leasing stability and renewal rates.
- Office Depot — corporate retail offices (3.97 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (14.55 miles)
- Siegel Financial Group - Northwestern Mutual — financial services (17.68 miles)
- Sysco Southeast Florida — foodservice distribution (21.21 miles)
- AutoNation — automotive retail corporate (23.57 miles) — HQ
The 30-unit asset at 14401 S Military Trl benefits from a suburban setting with daily-needs amenities and proximity to diversified employers. Built in 1999, it is newer than much of the local 1980s-era stock, offering a competitive edge versus older assets; targeted upgrades can further reinforce leasing and retention. At the neighborhood level, higher relative rents and elevated rent-to-income dynamics call for disciplined pricing and renewal management, while 3-mile population and household growth indicate a gradually expanding renter pool that supports occupancy stability.
Based on commercial real estate analysis from WDSuite, neighborhood-wide occupancy trends trail stronger metro performers, but rising incomes and projected growth in households within 3 miles underpin demand for well-maintained, conveniently located rentals. Meanwhile, a more accessible ownership landscape in the area may temper pricing power at the margin, making value-forward renovations and service quality important levers for retention.
- 1999 vintage is newer than neighborhood average, supporting competitive positioning with modest modernization needs
- Amenity access (cafes, groceries, restaurants) ranks in the metro's top quartile, aiding leasing and renewals
- 3-mile population and household growth expands the renter pool and supports occupancy stability
- Proximity to corporate, healthcare, financial, and distribution employers bolsters workforce housing demand
- Risk: Neighborhood occupancy lags metro leaders and local affordability pressures may moderate rent growth; emphasize revenue management and retention