Updated Triplex with Private
For Sale
$709,500
5200 NW 16th St, Lauderhill, FL 33313
Residential Income, Lauderhill, FL
Property Size2,399 SF
Price / SF$295.75
Days on Market74
Property Features for 5200 NW 16th St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
RM-8
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 2
Parking
4
Exterior features
Fence, Fruit Trees
Fencing
Fenced
Subdivision
SUNSHINE VILLAS
Lot features
< 1/4 Acre
Standard status
Active
APN
494135210180
Size
2,399 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SUNSHINE VILLAS 66-49 B LOT 1 BLK 2
Tax Annual Amount
12671
Legal Description
SUNSHINE VILLAS 66-49 B LOT 1 BLK 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
impact windows
central AC
tile floor
big yard
mango avocado and ackee trees
private entrance
Building Details
Year built
1971
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Ace Core-Group, LLC.
(954) 934-3612
Listed By:
Irfan Khan · License #3058504
(954) 394-8935
Added: Jul 18
Changed: Sep 28
Last Checked: Sep 29 at 2:06PM
MLS# A12015138
Copyright © 2026 Miami REALTORS®. 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 2,399-square-foot triplex, built in 1971, contains three residential units with a combined layout of six bedrooms and four bathrooms. The unit mix includes two 2-bedroom, 1-bath residences and one 2-bedroom, 2-bath residence. The third unit has its own entrance and dedicated parking space. Interior and exterior features include impact windows, central air conditioning, ceiling fans, tile flooring, fresh paint, block construction, and a shingle roof.
The property is occupied by tenants under annual leases and includes a fenced yard with mango, avocado, and ackee trees. Public water and public sewer serve the property, with cable available. Its Lauderhill location provides access to shopping centers, public transportation, restaurants, and schools. The adjoining triplex at 5210 NW 16th St is also identified as available for separate or combined acquisition.
The property is occupied by tenants under annual leases and includes a fenced yard with mango, avocado, and ackee trees. Public water and public sewer serve the property, with cable available. Its Lauderhill location provides access to shopping centers, public transportation, restaurants, and schools. The adjoining triplex at 5210 NW 16th St is also identified as available for separate or combined acquisition.
Key Highlights
- 2,399 square feet on a 0.055‑acre lot
- Three‑unit property with 6 bedrooms and 4 bathrooms
- Unit mix includes two 2/1 residences and one 2/2 residence
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
$39,991
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
5.64%
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%
$799,820
$799.8K
Cap Rate 7%
$571,300
$571.3K
Cap Rate 9%
$444,344
$444.3K
Market Conditions
NOI Build-Up for 2,399 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
$60.5K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$57.1K $23.81/SF
− OpEx
−$17.1K −$7.14/SF
NOI
$40.0K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$799,820
Cap Rate 7%
$571,300
Cap Rate 9%
$444,344
Alternative Uses
Best Use
Multifamily LT 5
$571.3K
$499.9K – $666.5K
NOI $39,991 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$527.1K
$461.2K – $614.9K
NOI $36,895 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,198 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 33313, FL
63,284
Population
25,312
Households
2.5
Avg Household Size
36
Median Age
15%
College-Educated
85%
High-School Grad
6.3 sq mi
ZIP Area
10,045
Density / Sq Mi
$45,408
Median Household Income
$30,872
Median Earnings
$1,608
Median Rent
$236,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied triplex with annual leases, central air, tile flooring, and fenced grounds.
Where is this triplex located?
The property is located at 5200 NW 16th St Lauderhill, FL.
What is the asking price?
The asking price for this property is $709,500.
What are key features of this property?
This property features: 2,399 square feet on a 0.055‑acre lot; Three‑unit property with 6 bedrooms and 4 bathrooms; Unit mix includes two 2/1 residences and one 2/2 residence
