20-Unit Apartment
For Sale
$6,500,000
10120 Northwest 36th Street, Coral Springs, FL 33065
Apartment property with a mix of two- and three-bedroom units.
Property Size23,622 SF
Price / SF$275.17
Days on Market868
Property Features for 10120 Northwest 36th Street
General Information
Standard status
Active
Size
23,622 SF
Property subtype
Commercial/Industrial / Income/Multi Family
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
non renovated units
Units
Unit Mix
12 x two-bedroom, 8 x three-bedroom
Multifamily Units
20
Additional Details
Average Monthly Rent
$2,200
Taxes and HOA fees
Annual Taxes
$69,851
Building Details
Year Built
1975
Listing Agency:
CBRE, Inc.
Listed By:
Periklis Synanidis · License #3363966
(954) 462-5655
Source:
Compass
Added: Jun 3, 2024
Changed: Oct 7
Last Checked: Oct 16 at 11:11AM
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 CBRE, Inc.
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Investment Insights
Based on property information with market context.
Jacob Apartments is a 20-unit multifamily property in Coral Springs, Florida, with 12 two-bedroom residences and 8 three-bedroom residences. The units average 1,181 square feet, providing a consistent residential layout across the property. Constructed in 1975, the asset is currently 100% occupied.
Five apartments have been renovated, while 15 remain in their existing condition. The property is situated at 10120 Northwest 36th Street, Coral Springs, FL 33065, offering an established apartment community in the city’s residential setting.
Five apartments have been renovated, while 15 remain in their existing condition. The property is situated at 10120 Northwest 36th Street, Coral Springs, FL 33065, offering an established apartment community in the city’s residential setting.
Key Highlights
- 20 apartment units with 12 two‑bedroom and 8 three‑bedroom residences
- Units average 1,181 square feet
- 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$376,690
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,533,800
$7.5M
Cap Rate 7%
$5,381,286
$5.4M
Cap Rate 9%
$4,185,444
$4.2M
Market Conditions
NOI Build-Up for 23,622 SF
Gross rent
$717.2K $30.36/SF
− Vacancy
−$32.3K −$1.37/SF
EGI
$684.9K $28.99/SF
− OpEx
−$308.2K −$13.05/SF
NOI
$376.7K $15.95/SF
Area
Coral Springs, FL
Vacancy
4.50%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,533,800
Cap Rate 7%
$5,381,286
Cap Rate 9%
$4,185,444
Alternative Uses
Best Use
Apartment 5plus
$5.38M
$4.71M – $6.28M
NOI $376,690 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$40.28M
$35.25M – $47.00M
NOI $2,819,764 @ 7.0% cap · market cap 43.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
20
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,645
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with a mix of two- and three-bedroom units.
Where is this apartment building located?
The property is located at 10120 Northwest 36th Street Coral Springs, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 20 apartment units with 12 two‑bedroom and 8 three‑bedroom residences; Units average 1,181 square feet; 100% occupied
