Updated Fourplex in Pompano
For Sale
$1,090,000
216 NW 12th St, Pompano Beach, FL 33060
Renovated fourplex with modern finishes and convenient location.
Property Size2,847 SF
Days on Market141
Property Features for 216 NW 12th St
General Information
Standard status
Active
Size
2,847 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$14,075
Building Details
Building Size
2,847 SF
Year Built
1991
Stories
1
Listed By:
Melanie Laugisch
(786) 715-5906
Source:
Elliman
Added: Apr 24
Changed: Aug 16
Last Checked: Sep 10 at 10:41AM
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 Melanie Laugisch
Investment Insights
Based on property information with market context.
This updated fourplex is located in an area with a bike score of 73, indicating it is very bikeable, and a walk score of 75, suggesting it is very walkable. The transit score is 38, indicating some transit options are available. All units have been completely renovated and feature quartz countertops, backsplash, and stainless steel appliances. New waterproof vinyl wood floors have been installed throughout each unit, complemented by new paint in light, neutral colors inside and outside. Each room includes 6-foot baseboards. The property provides one parking spot for each unit. A common laundry room is available, equipped with two washers and dryers. A 24-hour security camera system is in place, along with sensor lights around the property. This property is intended for use as a residential income property.
Key Highlights
- Fully renovated units featuring quartz countertops, backsplash, stainless steel appliances, and waterproof vinyl wood floors.
- Fourplex property, ideal for investors.
- Enhanced security with a 24‑hour security camera system and sensor lights.
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
$47,610
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
4.37%
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%
$952,200
$952.2K
Cap Rate 7%
$680,143
$680.1K
Cap Rate 9%
$529,000
$529.0K
Market Conditions
NOI Build-Up for 2,847 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
$71.7K $25.20/SF
− Vacancy
−$3.7K −$1.31/SF
EGI
$68.0K $23.89/SF
− OpEx
−$20.4K −$7.17/SF
NOI
$47.6K $16.72/SF
Area
Pompano Beach, FL
Vacancy
5.20%
Lease Rate
$25.20 /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%
$952,200
Cap Rate 7%
$680,143
Cap Rate 9%
$529,000
Alternative Uses
Best Use
Multifamily LT 5
$680.1K
$595.1K – $793.5K
NOI $47,610 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$624.8K
$546.7K – $728.9K
NOI $43,734 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.11M
$971.5K – $1.30M
NOI $77,723 @ 7.0% cap · market cap 7.13%
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
1,754
Businesses Nearby
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated fourplex with modern finishes and convenient location.
Where is this quadplex located?
The property is located at 216 NW 12th St Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Fully renovated units featuring quartz countertops, backsplash, stainless steel appliances, and waterproof vinyl wood floors.; Fourplex property, ideal for investors.; Enhanced security with a 24‑hour security camera system and sensor lights.
