Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    118 Phippen Waiters Rd Dania Beach, FL 33004

    View on Map
    Claim this Listing
    New
    For Sale
    $799,000

    Fourplex, Quadruplex - Dania Beach, FL

    Type:Quadruplex
    Property size:
    3,584 SF
    Price / SF:
    $222/SF
    Added:
    Apr 21, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 27 at 7:06 pm

    Property Features for 118 Phippen Waiters Rd

    General Information

    Property type
    Residential
    Property subtype
    Quadruplex
    Zoning
    NBHD-RES
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    4
    Standard status
    Active
    APN
    504234050080
    Size
    3,584 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    14687

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Flooring type
    Tile
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Tina Raineri
    Tina Raineri

    Listing agent Tina Raineri License #3239451

    Listing office Compass Florida, LLC 1200 E Las Olas Blvd, Miami, FL

    Listing date Apr 21, 2026

    MLS# A11972000 Listing URL

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

    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dania Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.149025
    Latitude
    26.049577

    Nearby Similar for Sale

    • $650,000

      Customized Warehouse in Gated Community

      Turnkey warehouse with luxury finishes, ideal for private showrooms.
      2937 Ravenswood Rd, Dania Beach, FL 33312
      View Details
    • $704,000
      2,086 SF

      Dania Beach Fourplex with Financing

      Fourplex in Dania Beach with owner financing and strong cap!
      224 SW 15th Street, Dania Beach, FL 33004
      View Details
    • $470,777
      1,144 SF

      Dania Beach Multifamily Income Opportunity

      Income-generating duplex in Dania Beach with immediate rental potential.
      728 SW 6th Street, Dania Beach, FL 33004
      View Details
    • $195,900

      Kosher Ice Cream Business Opportunity

      Turn-key ice cream and dessert business for sale.
      1975 Stirling Rd, Dania Beach, FL 33004
      View Details
    • $2,198,000
      6,012 SF

      Dania Beach Multifamily Investment Opportunity

      Two updated duplexes on nearly 3/4 acre in Dania Beach.
      4065 SW 51st Street, Dania Beach, FL 33314
      View Details
    • $2,995,000

      Turn-Key Hotel Investment Opportunity

      20-room hotel in Dania Beach, turn-key and fully operational.
      1150 S Federal Hwy, Dania Beach, FL 33004
      View Details
    • $589,500
      1,808 SF

      Dania Beach Triplex with Financing

      Income-generating triplex near Dania Pointe with owner financing.
      255 SW 15th Street, Dania Beach, FL 33004
      View Details
    • $1,950,000

      Mixed-Use Investment in Dania Beach

      Mixed-use property with residential and commercial units in developing area.
      24 NE 1st Ave, Dania Beach, FL 33004
      View Details
    • $13,500

      Dania Beach Warehouse For Sale

      4,400 SF warehouse with 20' ceilings and roll-up doors.
      212 N Federal Hwy, Dania Beach, FL 33004
      View Details
    • $3,000,000

      Dania Beach Warehouse Corner Unit

      17,057 sqft warehouse with office space near airport.
      Dania Beach, FL 33312
      View Details
    • $1,950,000
      4,860 SF

      Dania Beach Multifamily Investment Opportunity

      Rare Dania Beach multifamily property with development potential.
      302 SW 15th Street, Dania Beach, FL 33004
      View Details
    • $2,700,000

      Dania Beach Warehouse Investment Opportunity

      Five-unit warehouse in Dania Beach with income growth potential.
      114 SW 2nd Ave, Dania Beach, FL 33004
      View Details

    FAQs

    Where is this quadplex located?
    The property is located at 118 Phippen Waiters Rd Dania Beach, FL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Strong income‑producing fourplex in booming Dania Beach.; Immediate upside potential with two units on month‑to‑month leases rented below market value.; Oversized lot in a centrally located area.
    (954) 531-8681
    We can help!
    Listing Contact
    Tina Raineri
    Tina Raineri
    Real Estate License ID: 3239451
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!