Renovated Quadplex Investment
For Sale
$1,550,000
11500-11506 NW 43rd Court, Coral Springs, FL 33065
Fully renovated four-unit property in a prime Coral Springs neighborhood.
Property Size3,831 SF
Days on Market151
Property Features for 11500-11506 NW 43rd Court
General Information
Standard status
Active
Size
3,831 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$23,611
Building Details
Building Size
3,831 SF
Year Built
1987
Listing Agency:
United Realty Group, Inc
Listed By:
Alexander Paul Karram · License #3285463
(561) 558-7218
Source:
Relinkre
Added: Apr 13
Changed: Sep 10
Last Checked: Sep 10 at 5:48AM
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.
This is a four-unit investment property located in Coral Springs. The quadplex has been fully renovated and features four units with modern finishes, updated kitchens and baths, fresh paint, new flooring, and new fixtures throughout. The building is meticulously maintained and move-in ready, delivering immediate rental income. It is located near shopping, dining, parks, and major commuter routes. The property has a walk score of 57, indicating it is somewhat walkable, and a bike score of 44, indicating it is somewhat bikeable. The transit score is 17, indicating minimal transit.
Key Highlights
- Fully renovated quadplex with modern finishes, updated kitchens and baths, new flooring and fixtures.
- Immediate rental income with low turn costs.
- Meticulously maintained and move‑in ready.
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
$66,234
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
4.27%
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%
$1,324,680
$1.3M
Cap Rate 7%
$946,200
$946.2K
Cap Rate 9%
$735,933
$735.9K
Market Conditions
NOI Build-Up for 3,831 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
$98.8K $25.80/SF
− Vacancy
−$4.2K −$1.10/SF
EGI
$94.6K $24.70/SF
− OpEx
−$28.4K −$7.41/SF
NOI
$66.2K $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%
$1,324,680
Cap Rate 7%
$946,200
Cap Rate 9%
$735,933
Alternative Uses
Best Use
Multifamily LT 5
$946.2K
$827.9K – $1.10M
NOI $66,234 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$872.7K
$763.6K – $1.02M
NOI $61,091 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$6.53M
$5.72M – $7.62M
NOI $457,307 @ 7.0% cap · market cap 29.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,065
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully renovated four-unit property in a prime Coral Springs neighborhood.
Where is this quadplex located?
The property is located at 11500-11506 NW 43rd Court Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Fully renovated quadplex with modern finishes, updated kitchens and baths, new flooring and fixtures.; Immediate rental income with low turn costs.; Meticulously maintained and move‑in ready.
