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    Two-Story 8-Unit Apartment Building Title is generated by Realmo AI

    11676 NW 45th Street, Coral Springs, FL 33065

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    For Sale
    $2,250,000

    MULTI_FAMILY - Coral Springs, FL

    Property size:
    8,154 SF
    Lot size:
    0.51 Acres
    Price / SF:
    $275/SF
    Added:
    Jun 7, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 8 at 9:06 am

    Property Features for 11676 NW 45th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM-15
    Bedrooms
    8
    Rooms
    Bedroom 7, Bedroom 8, Bathroom 6, Bedroom 4, Bedroom 6, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 7, Bedroom 2, Bathroom 5, Bedroom 1, Bathroom 1, Bathroom 8, Bedroom 5
    Patio and Porch features
    Patio, Porch
    Pets allowed
    Size Limit, Yes
    Exterior features
    Balcony, Courtyard
    Fencing
    Fenced
    Standard status
    Active
    APN
    484117020280
    Size
    8,154 SF
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    GLENWOOD SUBDIVISION 69-33 B LOT 1 BLK B
    Tax Annual Amount
    35758

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Tile
    Building materials
    Aluminum Siding, CBS, Stucco
    Roof type
    Tile, Barrel

    We can help!

    Listing Contact
    Chantal Levy

    Listing agent Chantal Levy License #3483991

    Listing office LoKation 150 S Pine Island Road, Ste. 3, Pompano Beach, FL

    Listing date Jun 7, 2026

    MLS# B26038008 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 8‑unit (16 bed/16 bath) two‑story multifamily building built in 1984
    • Fully rented and fully occupied; 17 dedicated parking spaces
    • New roof installed in 2021; roof includes tile and barrel materials
    • Two separate laundry rooms on‑site
    • Half‑acre lot with balcony, courtyard, patio, porch, and fenced exterior features
    • Public utilities: water available with public sewer; central heating and central air

    Overview

    This two-story multifamily property contains 8 units totaling 16 bedrooms and 16 bathrooms. The building is described as beautifully maintained with a new roof installed in 2021. Residents have access to two separate laundry rooms, and the site includes 17 dedicated parking spaces. The property sits on a 0.51-acre lot and has an overall size of 8,154 square feet. A 40-year inspection has been completed, according to the seller.

    Located at 11676 NW 45th Street in Coral Springs, Florida (Broward County), the building is positioned in the heart of Coral Springs. The remarks describe the property as just steps from shopping and dining, with major highways only minutes away.

    For buyers or operators, the current configuration offers an immediately usable setup with fully occupied units. The seller notes that rent roll income and expenses are available upon request, which can support underwriting and budgeting for a new ownership group.

    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 $247.6k $30.36
    − Vacancy −$11.1k −$1.37
    EGI $236.4k $28.99
    − OpEx −$106.4k −$13.05
    NOI $130.0k $15.95
    8,154 SF · lease $30.36/SF/yr · vacancy 4.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.86M
    $1.63M – $2.17M (±1% cap)
    NOI $130,028 @ 7.0% cap · market cap 5.78%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $13.90M
    $12.17M – $16.22M (±1% cap)
    NOI $973,345 @ 7.0% cap · market cap 43.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.281993
    Latitude
    26.285743

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained, fully rented 8-unit building with two laundry rooms and dedicated tenant parking.
    Where is this apartment building located?
    The property is located at 11676 NW 45th Street Coral Springs, FL.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 8‑unit (16 bed/16 bath) two‑story multifamily building built in 1984; Fully rented and fully occupied; 17 dedicated parking spaces; New roof installed in 2021; roof includes tile and barrel materials
    (954) 849-2135
    We can help!
    Listing Contact
    Chantal Levy
    Real Estate License ID: 3483991
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    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.

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