| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 49th | Fair |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3400 S Jog Rd, Greenacres, FL, 33467, US |
| Region / Metro | Greenacres |
| Year of Construction | 2001 |
| Units | 79 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3400 S Jog Rd, Greenacres FL Multifamily Investment
Amenity-rich inner-suburb location with solid neighborhood fundamentals and a renter base supported by nearby employment, according to WDSuite’s CRE market data. Focus is on durable renter demand and competitive positioning rather than short-term volatility.
Located in an Inner Suburb of the West Palm Beach–Boca Raton–Boynton Beach metro, the neighborhood ranks 27th of 319 with an A rating, positioning it in the top quartile among metro neighborhoods. High amenity access stands out — restaurants, cafes, parks, groceries, and pharmacies test well above national averages — supporting day-to-day convenience and leasing resonance for working households.
From a livability and demand perspective, neighborhood rents sit above national medians while the local occupancy rate is nearer the national middle, indicating room for operational differentiation through product quality and management. Neighborhood-level NOI per unit benchmarks in the top percentile range locally, signaling that stabilized assets in this area have historically supported efficient operations, based on commercial real estate analysis from WDSuite.
Construction patterns skew newer than many South Florida suburbs: the neighborhood’s average vintage is the late 1980s, and the subject’s 2001 construction provides a relative competitive edge versus older stock while still warranting capital planning for systems and finishes that are over two decades old.
Tenure and demographics point to a sustainable renter pool. Within a 3-mile radius, roughly one-third of housing units are renter-occupied, offering depth for multifamily leasing without oversaturation. Population and household counts have grown and are projected to continue increasing over the next five years, implying a larger tenant base and support for occupancy stability.
Ownership costs in the area are elevated relative to incomes by national comparison, which tends to reinforce reliance on multifamily housing and can enhance pricing power. At the same time, rent-to-income ratios indicate affordability pressure for a portion of renters, so proactive lease management and renewals will be important for retention.
Safety indicators are mixed when viewed against multiple benchmarks. At the metro level, the neighborhood’s overall crime rank sits below the median (254 of 319), suggesting safety is a watch item relative to other West Palm Beach–Boca Raton–Boynton Beach neighborhoods. Nationally, violent-offense metrics trend in a stronger range (around the 70th percentile) and property-offense metrics are above average (around the 63rd percentile), while the composite crime measure tracks closer to mid-to-lower tiers (around the 41st percentile).
Year-over-year volatility has been observed in estimated offense rates, so operators should align security practices and resident communication with current conditions. These figures reflect neighborhood-level trends and may not represent conditions at a specific property.
Nearby employment spans finance, food distribution, office retail, energy utilities, and healthcare administration — a diversified base that supports commuter convenience and multifamily renter demand in this submarket.
- Siegel Financial Group - Northwestern Mutual — financial services (7.7 miles)
- Sysco Southeast Florida — food distribution (10.3 miles)
- Office Depot — office supplies HQ/operations (15.5 miles) — HQ
- NextEra Energy — energy utilities (16.8 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (23.9 miles)
The property’s 2001 vintage offers relative competitiveness versus the neighborhood’s older average stock, with scope for selective value-add to modernize interiors and address aging systems. The immediate area ranks in the metro’s top quartile for overall neighborhood quality and demonstrates strong amenity access, which supports leasing velocity and resident retention as operators position product against older comparables.
Within a 3-mile radius, population and household growth — alongside a balanced share of renter-occupied units — point to a growing tenant base and support for occupancy stability. Elevated ownership costs relative to incomes tend to sustain rental demand, though higher rent-to-income ratios warrant attentive renewal strategies. According to CRE market data from WDSuite, neighborhood-level operating performance has been competitive, while safety trends are mixed and best managed through standard risk controls.
- 2001 construction provides a competitive edge versus older local stock with potential renovation upside
- Top-quartile neighborhood ranking in a high-amenity inner suburb supports leasing and retention
- 3-mile radius growth in population and households expands the renter pool and supports occupancy
- Elevated ownership costs reinforce multifamily demand and potential pricing power
- Risks: affordability pressure (rent-to-income) and mixed safety signals call for proactive management