10675 Royal Palm Boulevard Unit 17 Coral Springs, FL 33065
10675 Royal Palm Boulevard Unit 17, Coral Springs, FL, 33065
$2,499,000
For Sale
$2,499,000
Apartment buildings
Property Size8,407 SF
Price / SF$297.25
Days on Market22
Property Features for 10675 Royal Palm Boulevard Unit 17
General Information
- Standard status
- Active
- Size
- 8,407 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1987
Listing agency
Fidelity Real Estate Group LLC
(954) 234-7653
Listed by
Carlos A Montoya · License #0623048
(954) 234-7653
Source
Compass
Added: Jul 1 Updated: Jul 21 at 11:57AM Checked: Jul 22 at 8:33AM
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
Investment Insights
Based on property information with market context.
Key Highlights
- 7‑unit CBS building built in 1987 with 2 stories and free‑standing construction
- Unit mix includes 1 townhome (3 bed, 2.5 bath), four 3 bed/2 bath units, and two 2 bed/2 bath units
- Each unit has a private patio or balcony and includes a washer and dryer
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $255.2k | $30.36 |
| − Vacancy | −$11.5k | −$1.37 |
| EGI | $243.8k | $28.99 |
| − OpEx | −$109.7k | −$13.05 |
| NOI | $134.1k | $15.95 |
8,407 SF · lease $30.36/SF/yr · vacancy 4.50% · expense 45.00%
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 40.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
Where is this apartment building located?
The property is located at 10675 Royal Palm Boulevard Unit 17 Coral Springs, FL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 7‑unit CBS building built in 1987 with 2 stories and free‑standing construction; Unit mix includes 1 townhome (3 bed, 2.5 bath), four 3 bed/2 bath units, and two 2 bed/2 bath units; Each unit has a private patio or balcony and includes a washer and dryer
