Two-Story Fourplex Apartment
New
For Sale
$1,050,000
7525 NW 44th Ct, Coral Springs, FL 33065
All residences feature two bedrooms, one bathroom, and central air-conditioning.
Property Size3,171 SF
Days on Market3
Property Features for 7525 NW 44th Ct
General Information
Standard status
Active
Size
3,171 SF
Property subtype
Multifamily
Occupancy
100%
Amenities
Excellent Coral Springs Location
Ideal Unit Mix of all Two-Bedroom Apartments
Long Term Owner of Over 11 Years
Quiet Residential Setting
All Units are Separately Metered for Water
On- Site Parking
Building Details
Building Size
3,171 SF
Units
4
Listing Agency:
Fort Lauderdale Office
(954) 245-3488
Listed By:
Brandon Rex · License #License(s): FL: SL 672545
(954) 245-3488
Source:
Marcusmillichap
Added: Aug 16
Changed: Aug 17
Last Checked: Aug 17 at 10:14AM
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 Fort Lauderdale Office
Investment Insights
Based on property information with market context.
Das Apartments I is a two-story fourplex on a 0.17-acre parcel at 7525 NW 44th Ct. in Coral Springs. Constructed in 1973 with concrete-block construction and a pitched roof, the property contains four apartments with a consistent two-bedroom, one-bathroom layout. Each unit has central air-conditioning and an individual hot water heater.
The property provides 7 parking spaces and an on-site laundry area that is not currently in use. Water and electricity are separately metered for the apartments. The owner presently pays the water bills, with tenants reimbursing that expense in addition to rent; tenants pay electricity directly.
The property is positioned north of Sample Road and east of North University Drive, within Coral Springs in Broward County and approximately 20 miles northwest of Fort Lauderdale.
The property provides 7 parking spaces and an on-site laundry area that is not currently in use. Water and electricity are separately metered for the apartments. The owner presently pays the water bills, with tenants reimbursing that expense in addition to rent; tenants pay electricity directly.
The property is positioned north of Sample Road and east of North University Drive, within Coral Springs in Broward County and approximately 20 miles northwest of Fort Lauderdale.
Key Highlights
- Four two‑bedroom, one‑bathroom apartments in a consistent unit mix
- Two‑story fourplex on a 0.17‑acre parcel
- Built in 1973 with concrete‑block construction and a pitched roof
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
$54,823
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
5.22%
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%
$1,096,460
$1.1M
Cap Rate 7%
$783,186
$783.2K
Cap Rate 9%
$609,144
$609.1K
Market Conditions
NOI Build-Up for 3,171 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
$81.8K $25.80/SF
− Vacancy
−$3.5K −$1.10/SF
EGI
$78.3K $24.70/SF
− OpEx
−$23.5K −$7.41/SF
NOI
$54.8K $17.29/SF
Area
Coral Springs, FL
Vacancy
4.27%
Lease Rate
$25.80 /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%
$1,096,460
Cap Rate 7%
$783,186
Cap Rate 9%
$609,144
Alternative Uses
Best Use
Multifamily LT 5
$783.2K
$685.3K – $913.7K
NOI $54,823 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$722.4K
$632.1K – $842.8K
NOI $50,567 @ 7.0% cap · market cap 4.82%
Theoretical Best
Specialty Retail
$5.41M
$4.73M – $6.31M
NOI $378,523 @ 7.0% cap · market cap 36.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
Explore this area
Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - All residences feature two bedrooms, one bathroom, and central air-conditioning.
Where is this quadplex located?
The property is located at 7525 NW 44th Ct Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four two‑bedroom, one‑bathroom apartments in a consistent unit mix; Two‑story fourplex on a 0.17‑acre parcel; Built in 1973 with concrete‑block construction and a pitched roof
