| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 52nd | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1101 Colonial Palms Way, Palm Springs, FL, 33406, US |
| Region / Metro | Palm Springs |
| Year of Construction | 2007 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1101 Colonial Palms Way 30-Unit Multifamily Investment
Built in 2007, this Palm Springs asset competes well against older neighborhood stock, with leasing fundamentals that track above the metro median but below national averages according to WDSuite’s CRE market data. The combination of a moderate renter base and steady household growth nearby supports durable tenant demand.
Located in Palm Springs within the West Palm Beach–Boca Raton–Boynton Beach metro, the neighborhood carries a C+ rating and performs above the metro median overall (rank 191 of 319). Local rents benchmark in the upper tier nationally (about the 73rd percentile), while the neighborhood’s occupancy trends are above the metro median (rank 143 of 319) but below national norms (around the 40th percentile), signaling room to capture demand through operations and positioning, based on CRE market data from WDSuite.
Livability is mixed: grocery access is competitive among metro peers (rank 75 of 319; roughly the 82nd percentile nationally), and childcare density is strong (rank 24 of 319; top quartile nationally). By contrast, cafes, parks, and pharmacies are limited in the immediate area, which may place more emphasis on in-unit and on-site amenities to support retention.
Vintage and competitiveness: the property’s 2007 construction is newer than the neighborhood average year built of 1990. For investors, this typically means lower near-term capital intensity versus older stock and better positioning against legacy assets, while still planning for mid-life system updates as part of standard capital programming.
Tenure and demand depth: the neighborhood shows a moderate renter concentration (around the metro middle, near the 57th national percentile). That balance supports a stable tenant pool for multifamily without excessive competition from single-family rentals, aiding leasing stability through cycles.
Three-mile demographics indicate population growth over the last five years with a larger increase in households, and forecasts point to continued household gains by 2028. This pattern expands the renter pool and supports occupancy stability and lease-up velocity for well-managed assets. Income trends in the 3-mile radius have risen meaningfully while the local rent-to-income ratio remains comparatively manageable, which can help with lease retention and measured pricing power. Elevated home values relative to incomes in the neighborhood context (value-to-income roughly in the low 70s nationally) further sustain renter reliance on multifamily housing.
Safety indicators benchmark favorably in national context, with violent and property offense rates tracking in the top quartile nationally. Recent year-over-year declines in estimated offense rates reinforce an improving trend. Within the West Palm Beach–Boca Raton–Boynton Beach metro’s 319 neighborhoods, conditions are competitive among peers, though safety can vary by block and over time; investors should confirm site-level patterns during diligence.
Nearby corporate employers provide a diversified employment base that supports renter demand and commute convenience, notably in financial services, food distribution, and corporate headquarters. The following employers represent key demand drivers within typical commuter ranges.
- Siegel Financial Group - Northwestern Mutual — financial services (4.7 miles)
- Sysco Southeast Florida — food distribution (8.2 miles)
- NextEra Energy — energy & utilities (14.6 miles) — HQ
- Office Depot — office supplies corporate (17.0 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare services (26.5 miles)
- AutoNation — automotive retail (36.6 miles) — HQ
This 30-unit asset offers a durable demand profile anchored by a moderate renter base, above-metro-median neighborhood occupancy, and three-mile household growth that expands the tenant pool. The 2007 vintage is newer than the area average, supporting competitive positioning versus older stock while warranting routine mid-life system planning rather than heavy immediate capex. According to CRE market data from WDSuite, local rents price in the upper national tier while rent-to-income levels remain comparatively manageable, balancing retention with measured rent growth potential.
Counterpoints include limited nearby cafes, parks, and pharmacies, and occupancy that trails national benchmarks, which places greater weight on active management, amenity strategy, and targeted marketing to capture demand from growing households and nearby employment centers.
- Newer 2007 construction versus neighborhood average, supporting competitive positioning and moderated near-term capex
- Above-metro-median occupancy with three-mile household growth supporting a broader renter base and leasing stability
- Rents benchmark high nationally while rent-to-income remains comparatively manageable, aiding retention and pricing discipline
- Proximity to diverse employers, including regional headquarters, underpins steady demand
- Risks: amenity gaps (parks/pharmacies/cafes) and occupancy below national averages require active management to sustain performance