Remodeled Quadplex with Impact
For Sale
$1,600,000
Pending
11410 NW 39th Street, Coral Springs, FL 33065
Four updated residential units offer open layouts, dedicated parking, and no HOA.
Property Size4,138 SF
Days on Market593
Property Features for 11410 NW 39th Street
General Information
Standard status
Pending
Size
4,138 SF
Property subtype
Multi Family
Units
Multifamily Units
4
Parking per Unit
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$21,333
Building Details
Year Built
1984
Listing Agency:
United Realty Group, Inc
(954) 450-2000
Listed By:
Paul M Clarke · License #3183015
(954) 336-9737
Source:
Exitrealty
Added: Jan 17, 2025
Changed: Aug 31
Last Checked: Aug 30 at 10:26PM
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 United Realty Group, Inc
Investment Insights
Based on property information with market context.
Located at 11410 NW 39th Street in Coral Springs, this four-unit residential property was built in 1984 and extensively remodeled. Each unit features an open floor plan, quartz kitchen countertops and backsplashes, stainless steel appliances, waterproof vinyl wood flooring, refreshed bathrooms, walk-in closets in the primary bedrooms, and new Rheem A/C units and water heaters. Interior and exterior paint, 6' baseboards, and hurricane-impact windows complete the updates.
The property has a barrel tile roof installed in 2014, with two parking spaces assigned to each unit at the front of the property. There is no HOA. Costco is approximately 1 mile away, Coral Springs Mall is 5–10 minutes away, and Sawgrass Mills Mall is 15 minutes away. I-95, the Turnpike, and Sawgrass Expressway are also nearby, while Fort Lauderdale International Airport and the beach are 20–25 minutes away.
The property has a barrel tile roof installed in 2014, with two parking spaces assigned to each unit at the front of the property. There is no HOA. Costco is approximately 1 mile away, Coral Springs Mall is 5–10 minutes away, and Sawgrass Mills Mall is 15 minutes away. I-95, the Turnpike, and Sawgrass Expressway are also nearby, while Fort Lauderdale International Airport and the beach are 20–25 minutes away.
Key Highlights
- Four‑unit property at 11410 NW 39th Street, Coral Springs, FL 33065
- PropertySize: 4138 square feet
- Each unit has 2 parking spaces in front of the property
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
$71,541
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
4.47%
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%
$1,430,820
$1.4M
Cap Rate 7%
$1,022,014
$1.0M
Cap Rate 9%
$794,900
$794.9K
Market Conditions
NOI Build-Up for 4,138 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
$106.8K $25.80/SF
− Vacancy
−$4.6K −$1.10/SF
EGI
$102.2K $24.70/SF
− OpEx
−$30.7K −$7.41/SF
NOI
$71.5K $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%
$1,430,820
Cap Rate 7%
$1,022,014
Cap Rate 9%
$794,900
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$894.3K – $1.19M
NOI $71,541 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$942.7K
$824.8K – $1.10M
NOI $65,987 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$7.06M
$6.17M – $8.23M
NOI $493,954 @ 7.0% cap · market cap 30.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,269
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?
Quadplex - Four updated residential units offer open layouts, dedicated parking, and no HOA.
Where is this quadplex located?
The property is located at 11410 NW 39th Street Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Four‑unit property at 11410 NW 39th Street, Coral Springs, FL 33065; PropertySize: 4138 square feet; Each unit has 2 parking spaces in front of the property
