Tenant-Occupied
New
For Sale
$765,000
11041 NW 39th Street, Coral Springs, FL 33065
Two four-bedroom residences feature separate electric meters, tile flooring, stainless-steel appliances, and no HOA.
Property Size2,829 SF
Price / SF$270.41
Days on Market2
Property Features for 11041 NW 39th Street
General Information
Standard status
Active
Size
2,829 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RD-8
Occupancy
100%
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,157
Building Details
Building Size
2,829 SF
Year Built
1972
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Stratwell, LLC
Listed By:
Eddie Blanco · License #0658938
(305) 403-6446
Source:
Laerrealty
Added: Sep 5
Changed: Sep 6
Last Checked: Sep 6 at 4:14AM
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 Stratwell, LLC
Investment Insights
Based on property information with market context.
This duplex contains two tenant-occupied units, each with 4 bedrooms and 2 bathrooms. The 2,829-square-foot property includes tile flooring throughout, stainless-steel appliances, separate electric meters, and a circular driveway. Both residences are subject to Section 8 occupancy.
Built in 1972, the property is zoned RD-8 and is located at 11041 NW 39th Street in Coral Springs, Florida. No HOA applies to the property. Access is limited, and tenant privacy should be maintained during any visit or showing.
Built in 1972, the property is zoned RD-8 and is located at 11041 NW 39th Street in Coral Springs, Florida. No HOA applies to the property. Access is limited, and tenant privacy should be maintained during any visit or showing.
Key Highlights
- Two‑unit duplex with 4‑bedroom, 2‑bathroom layouts
- 2,829 SF property built in 1972
- Both units are tenant occupied and participate in Section 8
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
$48,910
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
6.39%
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%
$978,200
$978.2K
Cap Rate 7%
$698,714
$698.7K
Cap Rate 9%
$543,444
$543.4K
Market Conditions
NOI Build-Up for 2,829 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
$73.0K $25.80/SF
− Vacancy
−$3.1K −$1.10/SF
EGI
$69.9K $24.70/SF
− OpEx
−$21.0K −$7.41/SF
NOI
$48.9K $17.29/SF
Area
Coral Springs, FL
Vacancy
4.27%
Lease Rate
$25.80 /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%
$978,200
Cap Rate 7%
$698,714
Cap Rate 9%
$543,444
Alternative Uses
Best Use
Multifamily LT 5
$698.7K
$611.4K – $815.2K
NOI $48,910 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$644.5K
$563.9K – $751.9K
NOI $45,113 @ 7.0% cap · market cap 5.90%
Theoretical Best
Specialty Retail
$4.82M
$4.22M – $5.63M
NOI $337,698 @ 7.0% cap · market cap 44.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
Explore this area
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
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 - Two four-bedroom residences feature separate electric meters, tile flooring, stainless-steel appliances, and no HOA.
Where is this duplex located?
The property is located at 11041 NW 39th Street Coral Springs, FL.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Two‑unit duplex with 4‑bedroom, 2‑bathroom layouts; 2,829 SF property built in 1972; Both units are tenant occupied and participate in Section 8
