Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Coral Springs Residential Property Title is generated by Realmo AI

    11061 NW 39th St 1, Coral Springs, FL 33065

    View on Map
    Claim this Listing
    For Lease
    $3,100 /Mo

    Spacious, renovated residential property available for rent in Coral Springs.

    Type:Multi Family
    Added:
    Mar 29, 2026
    Days on Market:
    70
    Last Refresh:
    Mar 29 at 4:17 am

    Property Features for 11061 NW 39th St 1

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1989

    We can help!

    Listing Contact
    Carmen Portela

    Listing agent Carmen Portela

    Listing office

    Listing date Mar 29, 2026

    Source Elliman

    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 Carmen Portela

    HighLights

    • Fully renovated property, ready to move in.
    • No HOA.
    • Specious property.
    • Year Built: 1989
    • Somewhat Walkable (Walk Score: 57)

    Overview

    This spacious property, located in Coral Springs, is available for rent and ready for immediate occupancy. The property has been fully renovated. The location has a walk score of 57, indicating it is somewhat walkable, a bike score of 44, indicating it is somewhat bikeable, and a transit score of 17, indicating minimal transit options. Please note that tenants are responsible for covering the windows, as blinds are not installed. Pets are not allowed.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2740513
    Latitude
    26.2788726

    Nearby Similar for Lease

    • $45 SF/Yr
      10,651 SF

      Move-in Ready Medical Office Space

      Second generation medical office space in Coral Springs, Florida.
      1480 N University Drive, Coral Springs, FL 33071
      View Details
    • $2,500/Mo
      650 SF

      Turnkey Salon Space Available

      Move-in ready salon space in Coral Springs, Florida.
      10912 Wiles Road, Coral Springs, FL 33076
      View Details
    • $7,609/Mo
      2,200 SF

      Coral Springs Commercial Space Available

      Air-conditioned 2,200 SF space with high ceilings and roll-up doors.
      4650 Coral Ridge Drive, Coral Springs, FL 33076
      View Details
    • $15,225/Mo
      4,400 SF

      Retail Space in Coral Springs

      Prime retail space in Coral Springs with high traffic exposure.
      4650-44 Coral Ridge Drive, Coral Springs, FL 33076
      View Details
    • $4,500/Mo
      6,200 SF

      Coral Springs Office Warehouse For Rent

      Remodeled office warehouse in Coral Springs with office and warehouse space.
      12075 NW 40th Street, Coral Springs, FL 33065
      View Details
    • $6,293/Mo
      1,425 SF

      Retail Space in Coral Springs

      Prime Coral Springs retail space with high traffic exposure.
      4686 Coral Ridge Drive, Coral Springs, FL 33076
      View Details
    • $5,300/Mo
      1,590 SF

      Retail Space in Coral Springs

      Retail space in a high-traffic Coral Springs location.
      1845 N University Drive, Coral Springs, FL 33071
      View Details
    • $3,300/Mo
      1,250 SF

      Retail Space in Coral Springs

      Prime Coral Springs retail space with high traffic exposure.
      7442 Wiles Road, Coral Springs, FL 33067
      View Details
    • $5,219/Mo
      1,764 SF

      Retail Space in Coral Springs

      Retail space available in a high-traffic Coral Springs location.
      1879 N University Drive, Coral Springs, FL 33071
      View Details
    • $5,620/Mo
      1,900 SF

      Retail Space in Coral Springs

      Retail space available in high-traffic Coral Springs location.
      1869 N University Drive, Coral Springs, FL 33071
      View Details
    • $16 SF/Yr
      2,301 SF

      Renovated Medical Office Space

      Recently renovated medical space suitable for various practices.
      12462 W Atlantic Boulevard, Coral Springs, FL 33071
      View Details
    • $6,293/Mo
      1,425 SF

      Retail Space in Coral Springs

      Retail space in a high-traffic Coral Springs location.
      4688 Coral Ridge Drive, Coral Springs, FL 33076
      View Details

    FAQs

    What type of property is this?
    Residential income property - Spacious, renovated residential property available for rent in Coral Springs.
    Where is this residential income property located?
    The property is located at 11061 NW 39th St 1 Coral Springs, FL.
    What is the lease rate?
    The lease rate is $3,100 /Mo.
    What are key features of this property?
    This property features: Fully renovated property, ready to move in.; No HOA.; Specious property.
    (954) 774-0877
    We can help!
    Listing Contact
    Carmen Portela
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11061 NW 39th St 1, Coral Springs, FL 33065
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!