| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 41st | Poor |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Wild Oats, Royal Palm Beach, FL, 33411, US |
| Region / Metro | Royal Palm Beach |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | 2018-11-01 |
| Transaction Price | $43,500,000 |
| Buyer | VERSE AT ROYAL PALM BEACH LP |
| Seller | FAIRFIELD HIDDEN HARBOR LLC |
101 Wild Oats Royal Palm Beach 24-Unit Multifamily
Neighborhood occupancy trends are strong and competitive among West Palm Beach–Boca Raton–Boynton Beach submarkets, supporting steady leasing and retention according to WDSuite’s CRE market data. With a B+ neighborhood rating and stable renter demand, the asset’s fundamentals align with investors prioritizing cash flow durability.
The property sits in an Inner Suburb setting of Royal Palm Beach where neighborhood occupancy is in the top quartile nationally and above the metro median (ranked 51 of 319 neighborhoods), a constructive backdrop for lease stability and renewal capture based on CRE market data from WDSuite. Renter-occupied housing is a minority share at the neighborhood level, which typically indicates a smaller but steadier tenant base and less direct competition from large rental clusters.
Daily needs are well covered: grocery and pharmacy access score in the upper national percentiles, and restaurants are relatively dense for a suburban location. By contrast, parks and cafés are sparse in the immediate area, so lifestyle amenities skew practical rather than experiential. For family renters, childcare density ranks high versus national peers. School rating averages are not available for this neighborhood, so underwriting should rely on operator diligence and district-level checks.
Home values trend on the higher side relative to incomes (value-to-income above national median), which tends to reinforce reliance on rentals and can support pricing power without overextending residents. Neighborhood rent-to-income sits at a comparatively manageable level, a positive for retention risk and collections. The neighborhood also ranks in the top quartile nationally for NOI per unit, signaling historically healthy operating performance relative to peers.
Within a 3-mile radius, demographics show households have grown in recent years and are projected to expand further alongside a shift toward smaller household sizes. Even with a recent population dip, forecasts point to renewed population growth by 2028, which implies a larger renter pool over time. Median household incomes in the 3-mile radius are high and rising, supporting demand for quality, professionally managed product.
Vintage and asset positioning: The average neighborhood construction year is 1989, while this property was built in 1985. The older vintage suggests potential value-add and capital planning opportunities (interiors, common areas, and systems) to stay competitive against slightly newer stock while capturing rent premiums tied to the area’s occupancy strength.
Safety indicators for the neighborhood are generally comparable to national norms, with property crime measuring better than average nationally and violent crime levels comparatively favorable. In metro context, the area performs around the middle of the pack, which is broadly in line with similar Inner Suburb locations in Palm Beach County.
Recent year-over-year trends show an uptick in violent incidents despite a decline in property offenses. This mixed pattern warrants routine monitoring in asset management plans and consideration of standard measures such as lighting, access controls, and resident engagement. Overall, conditions are above the metro median in some metrics and near national mid-range, rather than an outlier on either extreme.
Nearby corporate employers support a diversified employment base and commuter convenience for renters, led by distribution, financial services, energy utilities, office supplies, and healthcare administration.
- Sysco Southeast Florida — food distribution (9.7 miles)
- Siegel Financial Group - Northwestern Mutual — financial services (10.2 miles)
- NextEra Energy — energy utility offices (14.6 miles) — HQ
- Office Depot — office supplies corporate offices (22.2 miles) — HQ
- Tenet Healthcare Corporation, Florida Region — healthcare administration (28.3 miles)
101 Wild Oats offers a 24-unit footprint in a neighborhood with above-median metro occupancy and top-quartile national standing, providing a constructive base for stable cash flow. Built in 1985, the asset is slightly older than the neighborhood average, indicating clear value-add potential through targeted renovations and systems upgrades to compete with late-1980s product. The area’s owner-leaning housing stock and relatively high ownership costs bolster multifamily reliance, while rent-to-income levels point to manageable affordability pressure, supporting retention.
Within a 3-mile radius, household counts have risen and are projected to grow further alongside strong income gains, which supports a deeper tenant base and potential rent growth. According to CRE market data from WDSuite, neighborhood fundamentals such as occupancy and NOI per unit are competitive versus both metro and national benchmarks. Risks include sparse park and café amenities, a recent uptick in violent-crime trends, and typical CapEx needs for 1980s assets—factors that can be mitigated with proactive asset management and community programming.
- Top-quartile neighborhood occupancy supports leasing stability and pricing power
- 1985 vintage positions the asset for value-add renovations and operational upside
- Owner-leaning area and elevated ownership costs reinforce rental demand depth
- 3-mile radius shows rising incomes and household growth, expanding the renter pool
- Risks: limited lifestyle amenities nearby, recent violent-crime uptick, and CapEx for 1980s systems