Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7311 NW 37Th St Davie, FL 33024

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,100,000

    Fully occupied fourplex in Davie with strong income and growth potential.

    Building Details

    Year built
    1972

    We can help!

    Listing Contact
    Cyril Egozi
    Source: Elliman

    Listing Agent: Cyril Egozi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Davie Fourplex with Income Potential

    This two-story fourplex is located in Davie. The property features four units, each with two bedrooms and one bathroom. The property is fully occupied and generates $78,000 in gross annual income, with a pro forma of $105,000 at market rents. Recent upgrades include a 3-year-old roof, new impact doors, updated electrical systems, and central A/C units. Each unit has separate water and electrical meters. The property has a large parking lot and offers access to I-595, I-95, and Florida's Turnpike. It is located 15 minutes from Fort Lauderdale-Hollywood International Airport and 20 minutes from the beach.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.2351326
    Latitude
    26.0416101

    Nearby Similar for Sale

    • $6,300,000
      8.91 Acres

      Davie Land with Fruit Grove

      8.9 acre Davie property with fruit grove and steel building.
      4077 SW 121St Ter, Davie, FL 33330
      View Details
    • $450,000

      Davie Office Suite For Sale

      Move-in ready 783 SF office suite in prime Davie location.
      5200 S University Dr, Davie, FL 33328
      View Details
    • $3,000,000
      1.00 Acre

      Davie Commercial Property with Two Buildings

      Commercial property in Davie, FL, featuring two buildings on one acre.
      4901 SW 51St St, Davie, FL 33314
      View Details
    • $150,000

      Turnkey Food Truck Business Opportunity

      Fully equipped food trucks with established branding in high-visibility location.
      1981 SW 127Th Ave, Davie, FL 33325
      View Details
    • $600,000

      Established Auto Shop Business Opportunity

      Profitable collision and painting shop with high visibility location.
      2031 SW 70Th Ave, Davie, FL 33317
      View Details
    • $375,000

      Office Condo on Stirling Road

      Office condominium in Davie, Florida, with high visibility and accessibility.
      6099 Stirling Rd, Davie, FL 33314
      View Details
    • $769,900
      3,145 SF

      Davie Fourplex with Value-Add Potential

      Fourplex in Davie, Florida, with value-add potential and strong location.
      4725 SW 65Th Ave, Davie, FL 33314
      View Details
    • $950,000

      HVAC Business Opportunity in Davie

      Profitable HVAC business with government contracts and recurring revenue.
      Davie, FL 33317
      View Details
    • $399,000

      Turnkey Medical Spa For Sale

      Fully equipped medical spa in Davie, Broward County, Florida.
      Davie, FL 33328
      View Details
    • $40,000

      Head Spa and Salon

      Fully equipped head spa and salon in Davie, Florida.
      Stirling Rd, Davie, FL 33314
      View Details
    • $235,000

      Established Retail & Orthotics Business

      Well-established retail and orthotics business in high-traffic Davie location.
      Confidential Medical Busi, Davie, FL 33328
      View Details
    • $4,850,000
      10,886 SF

      Davie Warehouse/Distribution Investment Opportunity

      10,886 SF Davie building suitable for industrial, warehouse, or distribution.
      7051 SW 21St Pl, Davie, FL 33317
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fully occupied fourplex in Davie with strong income and growth potential.
    Where is this quadplex located?
    The property is located at 7311 NW 37Th St Davie, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Generates $78,000 in gross annual income with a pro forma of $105,000 at market rents.; - Fully occupied fourplex with four spacious 2-bed/1-bath units.; - Recent upgrades include a 3-year-old roof, new impact doors, updated electrical, and central A/C units.
    (786) 294-1360
    Request Owner's contact information
    7311 NW 37Th St Davie, FL 33024
    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.
    7311 NW 37Th St
    Davie, FL 33024
    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
    7311 NW 37Th St Davie, FL 33024
    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

    We can help!
    Listing Contact
    Cyril Egozi
    (786) 294-1360
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.