Remodeled Duplex with
For Sale
$799,000
1-2-106 Nw 12th Avenue, Dania Beach, FL 33004
One-story layout combines two units with an additional efficiency for flexible residential use.
Property Size1,935 SF
Price / SF$412.92
Days on Market34
Property Features for 1-2-106 Nw 12th Avenue
General Information
Standard status
Active
Size
1,935 SF
Property subtype
Residential Income
Financials
Cap Rate
9%
Gross Income
$73,200
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,583
Building Details
Stories
1
Listing Agency:
Realsperity
(954) 881-0105
Listed By:
Daniel Machini · License #3494272
(954) 881-0105
Source:
Exprealty
Added: Jul 14
Changed: Aug 11
Last Checked: Aug 16 at 11:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realsperity
Investment Insights
Based on property information with market context.
This one-story duplex has been completely remodeled and includes an efficiency, creating a three-part residential configuration within 1,935 square feet of finished living space. The layout supports comfortable residential occupancy while retaining the practical structure of a small income property.
The property is located at 1-2-106 NW 12th Avenue in Dania Beach, Florida 33004. It is presented as a residential income asset with a reported Gross Cap Rate of 9%.
The property is located at 1-2-106 NW 12th Avenue in Dania Beach, Florida 33004. It is presented as a residential income asset with a reported Gross Cap Rate of 9%.
Key Highlights
- Completely remodeled one‑story duplex with an efficiency
- 1,935 square feet of finished living space
- Two‑unit configuration with an additional efficiency
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
$32,256
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
4.04%
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%
$645,120
$645.1K
Cap Rate 7%
$460,800
$460.8K
Cap Rate 9%
$358,400
$358.4K
Market Conditions
NOI Build-Up for 1,935 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
$48.8K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$46.1K $23.81/SF
− OpEx
−$13.8K −$7.14/SF
NOI
$32.3K $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%
$645,120
Cap Rate 7%
$460,800
Cap Rate 9%
$358,400
Alternative Uses
Best Use
Multifamily LT 5
$460.8K
$403.2K – $537.6K
NOI $32,256 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$425.1K
$372.0K – $496.0K
NOI $29,759 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$981.7K
$859.0K – $1.15M
NOI $68,719 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One-story layout combines two units with an additional efficiency for flexible residential use.
Where is this duplex located?
The property is located at 1-2-106 Nw 12th Avenue Dania Beach, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Completely remodeled one‑story duplex with an efficiency; 1,935 square feet of finished living space; Two‑unit configuration with an additional efficiency
