11551 Royal Palm Boulevard #1-5 Coral Springs, FL 33065
A for-sale five-townhome complex with fully updated interiors and a turnkey configuration on a 0.41-acre lot.
Property Features for 11551 Royal Palm Boulevard #1-5
General Information
- Standard status
- Active
- Size
- 7,147 SF
- Lot size
- 0.41 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing office LIFESTYLE INTERNATIONAL REALTY
Listing date Jun 9, 2026
Source Corcoran
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 LIFESTYLE INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
Located at 11551 Royal Palm Boulevard #1-5 in Coral Springs, the complex is described as being in the heart of West Coral Springs. It is also noted to be close to shopping, dining, and major highways, supporting convenient day-to-day access for tenants and visitors.
For buyers considering a small, easy-to-manage rental housing investment, the property’s five-unit structure and complete renovation are key attributes. With the complex positioned around everyday retail and transportation routes, it can also align with tenants seeking a modern townhome setup without the need to budget for near-term updates.
Key Highlights
- 5‑townhome complex built in 1985 with fully updated interiors
- Each unit features renovations and modern finishes
- Located on a 0.41‑acre lot
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $217.0k | $30.36 |
| − Vacancy | −$9.8k | −$1.37 |
| EGI | $207.2k | $28.99 |
| − OpEx | −$93.2k | −$13.05 |
| NOI | $114.0k | $15.95 |
