5-Unit Apartment
For Sale
Under Contract
$850,000
3910 NW 30th Terrace, Lauderdale Lakes, FL
Commercial Sale, Lauderdale Lakes, FL
Property Size3,780 SF
Lot Size0.22 Acres
Price / SF$224.87
Days on Market144
Property Features for 3910 NW 30th Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-16
Parking
7
Subdivision
3550
Standard status
Active Under Contract
APN
494220000127
Size
3,780 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
20-49-42 BEG SW COR OF NW1/4,NLY 260, ELY 228,NLY 216.47 TO POB, CONT NLY 75,ELY 125,SLY 75, WLY 125 TO POB
Tax Annual Amount
17998
Legal Description
20-49-42 BEG SW COR OF NW1/4,NLY 260, ELY 228,NLY 216.47 TO POB, CONT NLY 75,ELY 125,SLY 75, WLY 125 TO POB
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Number of units
5
Building materials
Concrete Block - With Stucco
Roof type
Shingle
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Rina Baroz · License #3117712
(786) 253-0402
Added: May 1
Changed: Sep 21
Last Checked: Sep 21 at 11:06PM
MLS# B26022636
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5-unit apartment property contains 3,780 square feet on a 0.22-acre parcel in Lauderdale Lakes. Constructed in 1972, the building features concrete-block construction with stucco, central heating, central air conditioning, and a shingle roof.
The property is fully rented and located at 3910 NW 30th Terrace. RM-16 zoning is in place, with public water and public sewer serving the site. Water is also identified as available. The unit count, existing occupancy, and established building systems provide a clear overview of the property’s current configuration.
The property is fully rented and located at 3910 NW 30th Terrace. RM-16 zoning is in place, with public water and public sewer serving the site. Water is also identified as available. The unit count, existing occupancy, and established building systems provide a clear overview of the property’s current configuration.
Key Highlights
- Five‑unit apartment property with 3,780 square feet of building area
- Fully rented multifamily asset
- 0.22‑acre parcel at 3910 NW 30th Terrace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,134
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,162,680
$1.2M
Cap Rate 7%
$830,486
$830.5K
Cap Rate 9%
$645,933
$645.9K
Market Conditions
NOI Build-Up for 3,780 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.7K $29.28/SF
− Vacancy
−$5.0K −$1.32/SF
EGI
$105.7K $27.96/SF
− OpEx
−$47.6K −$12.58/SF
NOI
$58.1K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,162,680
Cap Rate 7%
$830,486
Cap Rate 9%
$645,933
Alternative Uses
Best Use
Apartment 5plus
$830.5K
$726.7K – $968.9K
NOI $58,134 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,243 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully rented multifamily property with central heating and air conditioning in Lauderdale Lakes.
Where is this apartment building located?
The property is located at 3910 NW 30th Terrace Lauderdale Lakes, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Five‑unit apartment property with 3,780 square feet of building area; Fully rented multifamily asset; 0.22‑acre parcel at 3910 NW 30th Terrace
