| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 34th | Poor |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1100 S Broadway, Lantana, FL, 33462, US |
| Region / Metro | Lantana |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2014-04-01 |
| Transaction Price | $1,500,000 |
| Buyer | HAMPTON HOUSE LLC |
| Seller | CLAPP ROGER E |
1100 S Broadway, Lantana Multifamily Opportunity
This 24-unit asset sits in an inner-suburban pocket where renter demand is supported by a high-cost ownership market and a growing 3-mile renter pool, based on CRE market data from WDSuite. Investors evaluating South Florida comparables may find stable leasing potential tied to neighborhood fundamentals rather than transient drivers.
The property is positioned in an Inner Suburb of the West Palm Beach–Boca Raton–Boynton Beach metro (neighborhood rating: C), where daily needs are well-covered by strong grocery and restaurant density, while cafes and pharmacies are comparatively limited. Parks access is favorable for the area, adding livability for residents who prioritize open space. School ratings in the neighborhood trail national averages, which may shape the resident mix toward workforce renters rather than families prioritizing top-rated schools.
Within a 3-mile radius, population and household counts have expanded in recent years, with forecasts pointing to continued growth through 2028. This broadening tenant base supports leasing durability and reduces dependency on in-migration at the block level. Median household incomes in the neighborhood sit around the national midpoint, and rent-to-income metrics indicate relatively manageable affordability pressure, aiding retention and renewal negotiations.
Renter-occupied share is moderate at the neighborhood level, signaling a mixed-tenure area with a sufficiently deep pool for multifamily while still competing with ownership options. Neighborhood occupancy trends run closer to the lower half of national norms; investors should emphasize asset-level operations and positioning to capture demand stemming from nearby employment nodes and the wider 3-mile growth profile, according to WDSuite’s commercial real estate analysis.
Safety indicators for the neighborhood compare favorably at the national level, ranking in a high percentile among neighborhoods nationwide. Recent trend data also show notable year-over-year improvement in both violent and property offenses, according to WDSuite’s CRE market data.
Within the West Palm Beach–Boca Raton–Boynton Beach metro (319 neighborhoods), the area is competitive on safety metrics relative to peer neighborhoods. As with any urbanized coastal market, conditions can vary by micro-location and over time, so investors should incorporate standard on-the-ground diligence and operational security practices.
Nearby employment anchors include financial services, office, distribution, energy, and healthcare employers, supporting commute convenience and a steady renter base. Specifically, the area draws from Siegel Financial Group (Northwestern Mutual), Office Depot, Sysco Southeast Florida, NextEra Energy, and Tenet Healthcare.
- Siegel Financial Group - Northwestern Mutual — financial services offices (9.5 miles)
- Office Depot — corporate offices (12.4 miles) — HQ
- Sysco Southeast Florida — distribution (13.4 miles)
- NextEra Energy — energy & utilities (19.6 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (23.3 miles)
1100 S Broadway offers exposure to a mixed-tenure, inner-suburban pocket of Palm Beach County where elevated ownership costs sustain reliance on rental housing. Neighborhood grocery and restaurant density, along with access to parks, supports livability, while the broader 3-mile area shows population and household growth that expands the renter pool. According to CRE market data from WDSuite, neighborhood occupancy sits below national midpoints, suggesting that asset-level execution and competitive positioning are important to capture demand.
Investor focus points include a stable employment base within commuting range, manageable rent-to-income dynamics that support retention, and potential to outperform peers through targeted operations and unit positioning. Key risks to underwrite include lower neighborhood school ratings and uneven amenity depth (notably limited cafes and pharmacies), which may influence the resident mix and marketing strategy.
- Mixed-tenure area with a sufficiently deep renter base and elevated ownership costs that reinforce multifamily demand
- 3-mile population and household growth expands the local renter pool and supports occupancy stability
- Manageable rent-to-income profile aids retention and pricing discipline at renewal
- Proximity to diversified employers underpins leasing demand and reduces reliance on a single industry
- Risks: below-median school ratings, selective amenity gaps, and sub-median neighborhood occupancy necessitate strong asset-level execution