Updated Duplex with Separate
For Sale
$950,000
11441 NW 43rd Street, Coral Springs, FL 33065
Move-ready duplex with updated finishes, vaulted ceilings, and separate garages for each unit.
Property Size3,275 SF
Price / SF$290.08
Days on Market46
Property Features for 11441 NW 43rd Street
General Information
Standard status
Active
Size
3,275 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
vaulted ceilings
separate garages
Building Details
Year Built
1990
Listing Agency:
PRESTIGE REAL ESTATE GROUP
(954) 888-8289
Listed By:
Greg M Marchese · License #R11165434
(954) 888-8289
Source:
Lehmannflorida
Added: Jul 15
Changed: Aug 28
Last Checked: Aug 29 at 9:16AM
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 PRESTIGE REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This move-ready duplex features updated finishes throughout and vaulted ceilings. Each unit is separately served with its own garage, providing dedicated parking for occupants.
The property is being offered for sale as a duplex with both units currently cash flowing. Both units are stated to be generating $3,300 per month.
The overall configuration supports two independent residential units within the duplex layout, with separate garages for each unit.
The property is being offered for sale as a duplex with both units currently cash flowing. Both units are stated to be generating $3,300 per month.
The overall configuration supports two independent residential units within the duplex layout, with separate garages for each unit.
Key Highlights
- Move‑ready duplex built in 1990 with updated finishes throughout
- Vaulted ceilings in the duplex interior
- Each unit has a separate garage
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
$56,621
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
5.96%
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%
$1,132,420
$1.1M
Cap Rate 7%
$808,871
$808.9K
Cap Rate 9%
$629,122
$629.1K
Market Conditions
NOI Build-Up for 3,275 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
$84.5K $25.80/SF
− Vacancy
−$3.6K −$1.10/SF
EGI
$80.9K $24.70/SF
− OpEx
−$24.3K −$7.41/SF
NOI
$56.6K $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%
$1,132,420
Cap Rate 7%
$808,871
Cap Rate 9%
$629,122
Alternative Uses
Best Use
Multifamily LT 5
$808.9K
$707.8K – $943.7K
NOI $56,621 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$746.1K
$652.8K – $870.4K
NOI $52,225 @ 7.0% cap · market cap 5.50%
Theoretical Best
Specialty Retail
$5.58M
$4.89M – $6.52M
NOI $390,938 @ 7.0% cap · market cap 41.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,390
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 - Move-ready duplex with updated finishes, vaulted ceilings, and separate garages for each unit.
Where is this duplex located?
The property is located at 11441 NW 43rd Street Coral Springs, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Move‑ready duplex built in 1990 with updated finishes throughout; Vaulted ceilings in the duplex interior; Each unit has a separate garage
