| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 21st | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4050 Milner Cir, Lake Worth, FL, 33463, US |
| Region / Metro | Lake Worth |
| Year of Construction | 2012 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4050 Milner Cir, Lake Worth Multifamily — 2012, 24 Units
Neighborhood occupancy trends are solid and supported by everyday retail access, according to WDSuite s CRE market data, suggesting stable renter demand for well-kept, mid-size assets. This commercial real estate analysis points to durable fundamentals with room for selective value-add over time.
Set in Lake Worth s inner suburbs, the property benefits from a neighborhood that ranks in the top quartile among 319 metro neighborhoods for occupancy, indicating comparatively steady leasing conditions. Local renter-occupied share at the neighborhood level is meaningful, providing a defined tenant base for a 24-unit asset, while metro-relative stability supports retention and reduces downtime risk in normal market conditions.
Livability is anchored by strong everyday conveniences: grocery access and parks both place in the top quartile among 319 metro neighborhoods, and restaurant density is competitive across the metro. By contrast, cafes and pharmacies are limited within the immediate neighborhood, so residents often rely on nearby corridors for those services. School ratings in the area trail regional and national norms, which may temper demand from school-sensitive households but typically has a smaller impact on workforce-oriented renter segments.
Within a 3-mile radius, demographics show population growth alongside an increase in households, expanding the prospective renter pool and supporting occupancy stability. Median household incomes have risen, and rents in the 3-mile area have advanced from prior levels, reinforcing a baseline of pricing power while still requiring active lease management to monitor affordability pressure and renewal risk.
The asset s 2012 construction is newer than the neighborhood average vintage (1982), offering relative competitiveness versus older stock and potentially lower near-term capital needs. However, systems are over a decade old, so prudent capital planning for common-area refreshes and mechanicals remains an investor consideration. Neighborhood home values sit below many coastal Florida submarkets, which can introduce some competition from ownership alternatives, but the combination of stable occupancy and a defined renter segment helps sustain demand for well-managed multifamily units.
Based on WDSuite s CRE data, the neighborhood s safety profile is favorable in a national context: overall crime places in the top quintile nationally for safety, with violent offense metrics also in the top quintile. Property offense indicators sit above the national median as well. Recent year-over-year trends show notable declines in both violent and property offenses, a constructive signal for investor confidence, though localized variations can occur and should be assessed during diligence.
Relative to the West Palm Beach Boca Raton Boynton Beach metro, these readings position the area as competitive on safety, supporting resident retention and leasing stability. As always, investors should supplement metro and national comparisons with site-specific observations and management best practices.
Nearby employers provide a diversified employment base that supports renter demand and commute convenience, including financial services, food distribution, office supply, energy, and healthcare. The following employers are within practical commuting distance and underpin steady leasing for workforce housing.
- Siegel Financial Group - Northwestern Mutual — financial services (7.5 miles)
- Sysco Southeast Florida — food distribution (10.6 miles)
- Office Depot — office supplies (14.7 miles) — HQ
- NextEra Energy — energy & utilities (17.1 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (23.7 miles)
This 24-unit, 2012-vintage asset aligns with stable neighborhood fundamentals: occupancy is competitive among metro peers and has trended higher in recent years, while a meaningful renter-occupied share provides depth to the tenant base. The property s newer construction relative to the area s 1980s average positions it well against older stock, with potential for targeted value-add to common areas and unit finishes to enhance rent roll without outsized near-term CapEx.
Within a 3-mile radius, population growth and an increase in households point to a larger tenant base over time, supporting occupancy stability and renewals. Home values are comparatively accessible for ownership, which can introduce competition, but rent levels and incomes have both risen, suggesting room for disciplined revenue management; according to CRE market data from WDSuite, neighborhood occupancy sits above national medians, reinforcing baseline leasing strength. Key watchpoints include school quality and limited immediate access to certain amenities (pharmacies, cafes), which may influence certain renter segments and marketing strategy.
- 2012 vintage out-competes older neighborhood stock; scope for selective value-add with measured CapEx
- Neighborhood occupancy is competitive among metro peers, supporting leasing stability
- 3-mile radius shows population and household growth, expanding the renter pool
- Everyday retail and parks nearby; restaurants are competitive metro-wide
- Risks: lower school ratings; limited immediate pharmacy/cafe options; ownership alternatives may compete at the margin