Tenant-Occupied
New
For Sale
$765,000
11041 NW 39th St, Coral Springs, FL 33065
Residential Income, Coral Springs, FL
Property Size2,829 SF
Price / SF$270.41
Days on Market1
Property Features for 11041 NW 39th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RD-8
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 2
Parking
4
Subdivision
GLENWOOD SUBDIVISION
Lot features
< 1/4 Acre
Standard status
Active
APN
484117024350
Size
2,829 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
GLENWOOD SUBDIVISION 69-33 B LOT 18 BLK S
Tax Annual Amount
12157
Legal Description
GLENWOOD SUBDIVISION 69-33 B LOT 18 BLK S
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric, Ceiling Fan(s)
Amenities
stainless steel appliances
circular driveway
Building Details
Year built
1972
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Barrel
Listing Agency:
Stratwell, LLC
(305) 403-6430
Listed By:
Eddie Blanco · License #0658938
(305) 403-6446
Added: Sep 3
Last Checked: Sep 3 at 10:06PM
MLS# A12083191
Copyright © 2026 Miami REALTORS®. 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 block-built duplex contains 2,829 square feet with two four-bedroom, two-bath units. Both residences are occupied by tenants and feature tile flooring, stainless steel appliances, central air conditioning, and separate electric meters. The property was constructed in 1972 and has a barrel roof, circular driveway, and public sewer service.
Located in Coral Springs, the property is subject to no HOA restrictions. Section 8 is noted in the tenancy information. Access is limited, and tenant privacy should be respected during any inspection or showing.
Located in Coral Springs, the property is subject to no HOA restrictions. Section 8 is noted in the tenancy information. Access is limited, and tenant privacy should be respected during any inspection or showing.
Key Highlights
- 2,829‑square‑foot duplex with two 4‑bedroom, 2‑bath units
- Both units are tenant occupied; Section 8 noted
- Separate electric meters for each residence
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
Yes
Utilities to site
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 leased residences offer separate electric metering, tile finishes, and central air conditioning in a no-HOA property.
Where is this duplex located?
The property is located at 11041 NW 39th St 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: 2,829‑square‑foot duplex with two 4‑bedroom, 2‑bath units; Both units are tenant occupied; Section 8 noted; Separate electric meters for each residence
