7-Unit Apartment
10675 Royal Palm Boulevard, Coral Springs, FL 33065
For Sale
$2,499,999
Corner-lot multifamily property with in-unit laundry, private outdoor space, and separately metered electricity.
Property Size8,407 SF
Price / SF$297.37
Days on Market73
Property Features for 10675 Royal Palm Boulevard
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
washer/dryer
private patio/balcony
Building Details
Year Built
Listing Agency:
Fidelity Real Estate Group LLC
(954) 345-9144
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Source:
Lehmannflorida
Added: Aug 27
Changed: Nov 6
Last Checked: Nov 6 at 10:31AM
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 Fidelity Real Estate Group LLC
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Investment Insights
Based on property information with market context.
Built in 1987, this 7-unit apartment property contains 8,407 square feet on nearly half an acre. The unit mix includes one three-bedroom, 2.5-bath townhome, four three-bedroom, two-bath residences, and two two-bedroom, two-bath residences.
Each residence includes a washer and dryer, a private patio or balcony, and a separate electric meter. The property occupies a corner lot at 10675 Royal Palm Boulevard in Coral Springs, Florida, providing a defined multifamily asset with varied unit sizes and consistent in-unit amenities.
Each residence includes a washer and dryer, a private patio or balcony, and a separate electric meter. The property occupies a corner lot at 10675 Royal Palm Boulevard in Coral Springs, Florida, providing a defined multifamily asset with varied unit sizes and consistent in-unit amenities.
Key Highlights
- 7‑unit apartment property with 8,407 square feet
- Unit mix includes one 3‑bedroom townhome, four 3‑bedroom units, and two 2‑bedroom units
- Nearly half an acre on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,063
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,681,260
$2.7M
Cap Rate 7%
$1,915,186
$1.9M
Cap Rate 9%
$1,489,589
$1.5M
Market Conditions
NOI Build-Up for 8,407 SF
Gross rent
$255.2K $30.36/SF
− Vacancy
−$11.5K −$1.37/SF
EGI
$243.8K $28.99/SF
− OpEx
−$109.7K −$13.05/SF
NOI
$134.1K $15.95/SF
Area
Coral Springs, FL
Vacancy
4.50%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,681,260
Cap Rate 7%
$1,915,186
Cap Rate 9%
$1,489,589
Alternative Uses
Best Use
Apartment 5plus
$1.92M
$1.68M – $2.23M
NOI $134,063 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.34M
$12.54M – $16.73M
NOI $1,003,546 @ 7.0% cap · market cap 40.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
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Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Coral Springs, FL
Properties on Market for Apartment buildings in Coral Springs
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Corner-lot multifamily property with in-unit laundry, private outdoor space, and separately metered electricity.
Where is this apartment building located?
The property is located at 10675 Royal Palm Boulevard Coral Springs, FL.
What is the asking price?
The asking price for this property is $2,499,999.
What are key features of this property?
This property features: 7‑unit apartment property with 8,407 square feet; Unit mix includes one 3‑bedroom townhome, four 3‑bedroom units, and two 2‑bedroom units; Nearly half an acre on a corner lot
