| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 87th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 205 Village Blvd, Tequesta, FL, 33469, US |
| Region / Metro | Tequesta |
| Year of Construction | 1996 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
205 Village Blvd Tequesta Multifamily Investment
Neighboring submarket fundamentals point to durable renter demand supported by high-cost homeownership and strong amenity access, according to WDSuite s CRE market data. Expect steady leasing from a higher-income tenant base with room for value-add positioning rather than outsized lease-up plays.
The property sits in an A+ rated suburban neighborhood that ranks 11th among 319 metro neighborhoods competitive within the West Palm Beach-Boca Raton-Boynton Beach area and in the top quartile nationally. Restaurant density is a standout (top decile nationally), with groceries, parks, and pharmacies also testing top-quartile availability a mix that supports daily convenience and resident retention.
Median contract rents in the neighborhood track high versus national norms, but rent-to-income metrics read as manageable, which supports pricing power without overextending residents. Ownership costs are elevated relative to incomes (top-tier value-to-income levels), reinforcing reliance on multifamily housing and aiding lease stability for well-located assets.
Within a 3-mile radius, demographics indicate a smaller household size and a renter-occupied share in the mid-teens. This reflects a shallower but relatively affluent renter pool; for multifamily investors, the implication is steadier demand at stabilized occupancies rather than rapid absorption. Forward-looking indicators show households and income levels trending upward over the next five years, expanding the local tenant base and supporting premium renovations where warranted.
Vintage across the neighborhood skews older than this asset. With a 1996 construction year versus an area average closer to the late 1980s, the property should remain competitive against older stock, with capital plans focused on systems lifecycle and targeted modernization to capture rent lift.
Neighborhood safety indicators are above the national median based on WDSuite s benchmarks, with recent data showing notable declines in property-related incidents. At the metro level, the area s crime rank sits around the middle of 319 neighborhoods suggesting typical regional risk while trending favorable on year-over-year property crime movement.
For investors, this context supports stable operations and resident retention when paired with standard security best practices. Comparatively stronger national positioning and improving trendlines can help sustain leasing velocity and limit concession exposure.
Proximity to major employers supports a steady, higher-income renter base and commute convenience, led by energy, distribution, financial services, and corporate HQ nodes.
- NextEra Energy energy & utilities (7.5 miles) HQ
- Sysco Southeast Florida food distribution (13.6 miles)
- Siegel Financial Group Northwestern Mutual financial services (17.4 miles)
- Office Depot corporate offices (38.7 miles) HQ
This 84-unit, 1996-vintage asset in Tequesta benefits from a high-amenity suburban pocket with strong household incomes and elevated ownership costs that reinforce reliance on rentals. Based on commercial real estate analysis from WDSuite, the neighborhood ranks among the metro s stronger areas for daily conveniences and lifestyle access, supporting retention and modest pricing power.
The property s vintage is newer than the neighborhood average, positioning it well versus older competing stock while still offering scope for targeted value-add upgrades to interiors and common areas. Local renter concentration is smaller but affluent, pointing to stable occupancy and disciplined lease management rather than volume-driven growth. Nearby employment centers add depth to the tenant base and reduce commute friction.
- High-amenity suburban setting with top-quartile food, grocery, park, and pharmacy access that supports retention
- Elevated ownership costs bolster multifamily demand and underpin pricing power for well-maintained assets
- 1996 construction offers competitive positioning versus older stock with room for focused value-add
- Proximity to major employers (energy, distribution, financial services, corporate HQs) supports a higher-income renter pool
- Risk: smaller renter concentration and modest population growth favor steady operations over rapid lease-up assumptions