| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 33rd | Poor |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 Indian Trace Cir, West Palm Beach, FL, 33407, US |
| Region / Metro | West Palm Beach |
| Year of Construction | 2003 |
| Units | 20 |
| Transaction Date | 2002-06-24 |
| Transaction Price | $3,300,000 |
| Buyer | 1000 INDIAN TRACE CIRCLE FL OWNER LLC |
| Seller | INDIAN TRACE ASSOCIATES LTD |
1000 Indian Trace Cir West Palm Beach Multifamily Investment
Located in an inner-suburb pocket of West Palm Beach, this 20-unit 2003 asset benefits from a high-cost ownership market that helps sustain renter demand, according to WDSuite’s CRE market data. The neighborhood shows solid amenity access and a stable tenant base, positioning the property for consistent operations with attentive lease management.
Neighborhood outlook and renter demand
Amenity access is a relative strength: the area ranks in the top quartile among 319 metro neighborhoods for overall amenities, with parks and everyday services competitive among West Palm Beach sub-areas. Cafes and pharmacies score competitively, and grocery access sits above the metro median factors that support daily convenience and resident retention.
The neighborhood s housing stock is somewhat newer than much of the metro; with a 2003 construction date, the property is newer than the local average vintage (1996). That positioning typically supports leasing versus older comparables, while investors should still plan for mid-life system upkeep or selective modernization to remain competitive.
Renter concentration at the neighborhood level is roughly one-third of housing units being renter-occupied (33.3%), which indicates a meaningful but not dominant tenant base. Neighborhood occupancy trends sit below the metro median, so active marketing and renewals remain important to sustain stabilization relative to peers.
Within a 3-mile radius, population and household counts have expanded over the last five years, with forecasts pointing to further growth and a slight downshift in average household size. This combination generally enlarges the renter pool and supports occupancy stability, while rising incomes and rents suggest ongoing demand depth for well-maintained units based on commercial real estate analysis from WDSuite.
Ownership costs in the neighborhood are elevated relative to incomes (high national percentile for value-to-income), which reinforces reliance on rental housing and can aid pricing power for competitive units. At the same time, rent-to-income readings indicate some affordability pressure, so careful renewal strategies and unit positioning are prudent.
Safety context
Compared with 319 metro neighborhoods, this area falls in the lower half for crime rank, while national percentiles place it near the middle of U.S. neighborhoods overall. Recent trends are constructive: both property and violent incident estimates show year-over-year declines, with the pace of improvement for violent offenses ranking strongly among peers.
Investors should interpret these signals as neighborhood-level context rather than property-specific risk. Continued monitoring of local trends and perimeter management can help support leasing and retention as area conditions evolve.
Nearby employers provide a diverse white- and blue-collar base that supports renter demand and commute convenience, including foodservice distribution, financial services, energy, retail corporate functions, and healthcare administration.
- Sysco Southeast Florida foodservice distribution (1.5 miles)
- Siegel Financial Group - Northwestern Mutual financial services (5.1 miles)
- NextEra Energy energy (6.5 miles) HQ
- Office Depot retail corporate offices (25.6 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare administration (34.2 miles)
The property s 2003 vintage positions it competitively versus older neighborhood stock, with systems approaching mid-life and potential for targeted value-add to sharpen curb appeal and operational efficiency. Amenity access is a relative advantage, and within a 3-mile radius, population and household growth point to a larger tenant base ahead. A high-cost ownership landscape nearby supports sustained renter reliance, while rent-to-income readings suggest prudent renewal and pricing strategies are warranted. According to CRE market data from WDSuite, neighborhood occupancy trends are below the metro median, underscoring the importance of active leasing and retention to maintain stability.
Overall, this is a defensible workforce-oriented play in an inner-suburb location with improving safety trends and diversified employment access. Execution should emphasize asset upkeep, competitive finishes for the submarket, and data-driven leasing to balance demand depth with affordability sensitivity.
- 2003 construction supports competitive positioning versus older comparables; plan for mid-life capital items and selective modernization.
- Expanding 3-mile population and households indicate a growing renter pool that supports occupancy stability.
- Elevated ownership costs in the neighborhood reinforce rental demand and potential pricing power for well-presented units.
- Proximity to foodservice, financial, energy, retail corporate, and healthcare employers supports leasing and renewal momentum.
- Risks: neighborhood occupancy below metro median and rent-to-income pressure require vigilant leasing, renewal strategy, and expense control.