| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 62nd | Fair |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4200 Bear Lakes Ct, West Palm Beach, FL, 33409, US |
| Region / Metro | West Palm Beach |
| Year of Construction | 2004 |
| Units | 20 |
| Transaction Date | 2021-12-15 |
| Transaction Price | $32,546,377 |
| Buyer | 4200 BEAR LAKES COURT FL OWNER LLC |
| Seller | BEAR LAKES ACQUISITION LTD |
4200 Bear Lakes Ct West Palm Beach Multifamily Investment
2004 vintage, stable neighborhood occupancy, and a growing 3-mile renter base point to durable leasing fundamentals, according to WDSuite’s CRE market data. The mid-2000s construction offers competitive positioning versus older stock while the area’s renter concentration supports demand continuity.
Situated in West Palm Beach’s Urban Core, the property benefits from neighborhood occupancy that is competitive among West Palm Beach–Boca Raton–Boynton Beach neighborhoods (ranked 91 of 319), supporting cash flow stability for smaller assets. Renter-occupied share stands at 43.5% of housing units, indicating a sizable tenant base that can help sustain leasing velocity and renewals.
The building s 2004 construction is slightly newer than the neighborhood average year (2002), which can offer a relative edge on systems and finishes versus older nearby stock, while still warranting routine modernization planning for long-term competitiveness. Neighborhood housing metrics are above the national median (73rd percentile), reflecting generally healthy fundamentals.
Livability signals are mixed: park access rates in the neighborhood are strong (top decile nationally, 92nd percentile), yet retail and daily-needs density is limited by national comparison (amenities around the 15th percentile). For investors, this combination suggests residents may rely on a broader trade area for shopping and services, which can influence unit mix preferences and parking considerations more than walk-to retail.
Within a 3-mile radius, population and households have expanded in recent years, with additional growth projected through 2028; this implies a larger tenant base and supports occupancy stability. Median household incomes in the neighborhood are above the national median (64th percentile), and the rent-to-income profile aligns with manageable affordability pressure for lease management. Neighborhood contract rents benchmark high versus the nation (around the 90th percentile), which underscores pricing power but also calls for attentive retention strategies as new supply competes across the metro, based on commercial real estate analysis from WDSuite.
Neighborhood safety indicators trend near national midpoints overall. Crime is around the national median (50th percentile), and the area s standing is mid-pack among 319 metro neighborhoods, signaling neither an outsized risk nor a notable advantage versus regional peers.
Violent incidents have improved year over year (top quartile improvement nationally, 75th percentile), a constructive trend for renter sentiment and retention. Property offenses, however, ticked up over the past year (below national median performance, 47th percentile), which warrants routine security measures and active management. Investors should frame safety within broader submarket patterns rather than block-level conclusions.
The nearby employment base mixes distribution, financial services, energy, office supplies, and healthcare administration, supporting workforce housing demand and commute convenience for residents. Major employers within practical drive times include Sysco Southeast Florida, Siegel Financial Group Northwestern Mutual, NextEra Energy, Office Depot, and Tenet Healthcare Corporation s Florida Region.
- Sysco Southeast Florida distribution (2.4 miles)
- Siegel Financial Group Northwestern Mutual financial services (3.3 miles)
- NextEra Energy energy & corporate offices (8.9 miles) HQ
- Office Depot corporate offices (23.0 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare administration (31.8 miles)
- AutoNation corporate offices (42.6 miles) HQ
4200 Bear Lakes Ct offers a 20-unit, 2004-built asset positioned for steady performance amid neighborhood occupancy that ranks above the metro median and a renter-occupied share that supports depth of demand. The vintage is slightly newer than the neighborhood average, suggesting competitive standing versus older inventory while leaving room for targeted value-add to enhance retention and rents over hold. According to CRE market data from WDSuite, neighborhood rents sit high relative to national benchmarks, reinforcing pricing power when paired with an expanding 3-mile renter pool and rising household incomes.
Forward-looking demographics within 3 miles indicate continued population and household growth through 2028, which supports leasing stability for smaller properties. Ownership costs in the neighborhood are elevated versus national norms, which tends to sustain reliance on multifamily rentals and can aid renewal capture, though investors should balance this with affordability monitoring and targeted concessions strategy as needed.
- Competitive 2004 vintage versus neighborhood average, with potential for selective value-add
- Neighborhood occupancy above metro median among 319 areas, supporting cash flow stability
- 3-mile population and household growth expand the tenant base through 2028
- High relative rent positioning offers pricing power with attentive lease management
- Risks: limited nearby retail amenities and a recent uptick in property offenses call for active management