7-Unit Apartment
For Sale
$2,499,000
10675 Royal Palm Boulevard, Coral Springs, FL
Commercial Sale, Coral Springs, FL
Property Size8,407 SF
Lot Size0.47 Acres
Price / SF$297.25
Days on Market97
Property Features for 10675 Royal Palm Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-20
Parking
15
Parking features
Assigned, Guest
Lot features
Corner Lot
Subdivision
3626
Standard status
Active
APN
484120014270
Size
8,407 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL SPRINGS COUNTRY CLUB SUB 60-43 B LOT 12 BLK L
Tax Annual Amount
44630
Legal Description
CORAL SPRINGS COUNTRY CLUB SUB 60-43 B LOT 12 BLK L
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer and dryer
private patio or balcony
Building Details
Year built
1987
Floors in Building
2
Number of units
7
Building materials
CBS
Roof type
Barrel
Listing Agency:
Fidelity Real Estate Group LLC
(954) 345-9144
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Added: Jul 10
Changed: Sep 20
Last Checked: Oct 14 at 10:06AM
MLS# B26050938
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 7-unit apartment property at 10675 Royal Palm Boulevard includes a 3-bedroom, 2.5-bath townhome, four 3-bedroom, 2-bath units, and two 2-bedroom, 2-bath units. The 8,407-square-foot property was built in 1987 on 0.47 acres and uses CBS construction with a barrel roof. Central heating and central air serve the buildings, while each residence includes a washer and dryer, private patio or balcony, and separate electric meter.
The property is located in Coral Springs, Broward County, Florida, on a corner lot. Parking includes guest and assigned spaces. Public water and public sewer serve the property, with cable available. RM-20 zoning is identified for the site.
The property is located in Coral Springs, Broward County, Florida, on a corner lot. Parking includes guest and assigned spaces. Public water and public sewer serve the property, with cable available. RM-20 zoning is identified for the site.
Key Highlights
- 7‑unit apartment property with one 3‑bedroom townhome, four 3‑bedroom units, and two 2‑bedroom units
- 8,407 square feet on 0.47 acres
- Unit mix includes one 3‑bedroom, 2.5‑bath townhome, four 3‑bedroom, 2‑bath units, and two 2‑bedroom, 2‑bath units
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 40.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
406
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 - Multifamily asset with central air, private outdoor areas, and separate electric metering for each unit.
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 $2,499,000.
What are key features of this property?
This property features: 7‑unit apartment property with one 3‑bedroom townhome, four 3‑bedroom units, and two 2‑bedroom units; 8,407 square feet on 0.47 acres; Unit mix includes one 3‑bedroom, 2.5‑bath townhome, four 3‑bedroom, 2‑bath units, and two 2‑bedroom, 2‑bath units
