| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 34th | Poor |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1400 S Broadway, Lantana, FL, 33462, US |
| Region / Metro | Lantana |
| Year of Construction | 1972 |
| Units | 26 |
| Transaction Date | 2018-03-14 |
| Transaction Price | $1,869,819 |
| Buyer | 1200 & 1400 BROADWAY LLC |
| Seller | SEABREEZE GARDENS INC A FLORIDA CORP |
1400 S Broadway Lantana Multifamily Opportunity
Neighborhood demand is supported by strong grocery and restaurant access and a broad 3-mile renter base, according to WDSuite’s CRE market data. Expect steady yet competitive leasing conditions, with pricing power influenced by a high-cost ownership market.
Situated in Lantana’s inner-suburb fabric within the West Palm Beach–Boca Raton–Boynton Beach metro, the neighborhood carries a C rating and shows mixed fundamentals. Rent levels benchmark above many U.S. neighborhoods and have risen over the past five years, while neighborhood occupancy sits below the national median, suggesting some leasing slack relative to tighter submarkets.
Daily-needs access is a clear strength: grocery density ranks in the top decile nationally and restaurants are also well represented, though pharmacies, cafés, and childcare options are limited. Average school ratings are weaker than metro norms, which can temper demand from family-focused renters and warrants attention to tenant mix.
Tenure patterns indicate a moderate renter concentration at the neighborhood level, pointing to a stable—though not dominant—base of renter-occupied housing units. Within a 3-mile radius, population and household counts have increased and are projected to grow further, expanding the potential renter pool and supporting occupancy stability for well-positioned assets.
Home values are elevated for the region, and value-to-income ratios sit high versus national comparisons. This high-cost ownership backdrop tends to reinforce reliance on rental housing and can aid lease retention, particularly for properties that balance rent levels with unit quality and service.
Safety indicators compare favorably to many U.S. neighborhoods on a national basis, with recent data showing notable year-over-year decreases in estimated violent and property offense rates. These improvements, based on WDSuite’s market tracking, suggest a constructive trend that can support resident retention and leasing stability.
Conditions vary by block and over time, and the area’s relative standing within the metro includes pockets of higher activity. Investors should underwrite with localized diligence—daypart checks, asset-level security measures, and tenant screening policies—while recognizing the nationally competitive readings and recent downward momentum in estimated offense rates.
The employment base blends finance, distribution, and corporate services, supporting a diverse renter pool and practical commute options for workforce households. Nearby anchors include Northwestern Mutual, Office Depot, Sysco, NextEra Energy, and Tenet Healthcare.
- Siegel Financial Group - Northwestern Mutual — financial services (9.6 miles)
- Office Depot — corporate offices (12.3 miles) — HQ
- Sysco Southeast Florida — foodservice distribution (13.5 miles)
- NextEra Energy — energy & utilities (19.7 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (23.1 miles)
This 26-unit asset benefits from a deep 3-mile renter base, strengthening grocery and dining proximity, and an ownership market where elevated home values help sustain rental demand. Neighborhood occupancy is below the national median, but rent benchmarks sit above national norms, positioning well-managed properties to compete on value and service rather than outsized concessions.
Population and household growth within 3 miles point to a larger tenant base over the next cycle, while rent-to-income readings indicate manageable affordability pressure that supports retention. According to CRE market data from WDSuite, these dynamics align with steady, needs-based demand—though investors should account for softer school ratings and selective amenity gaps when targeting family-oriented leasing strategies.
- Deep 3-mile renter pool and ongoing household growth support occupancy stability.
- Elevated ownership costs in the area reinforce renter reliance on multifamily housing.
- Strong grocery and restaurant access enhances livability and retention.
- Pricing strategy can leverage above-national rent benchmarks amid modest neighborhood slack.
- Risks: below-median neighborhood occupancy and weaker school ratings may require targeted leasing and amenity programming.