Updated Duplex with Private
New
For Sale
$830,000
1410-1412 NW 93rd Terrace, Coral Springs, FL 33071
Two three-bedroom residences offer private garages, high ceilings, and refreshed kitchens and bathrooms.
Property Size3,733 SF
Price / SF$222.34
Days on Market2
Property Features for 1410-1412 NW 93rd Terrace
General Information
Standard status
Active
Size
3,733 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
RD-8
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,701
Building Details
Building Size
3,733 SF
Year Built
1979
Stories
1
Listing Agency:
The Keyes Company
Listed By:
Steve Levin · License #3068562
(754) 366-7507
Source:
Laerrealty
Added: Sep 9
Last Checked: Sep 9 at 3:20PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This 3,733-square-foot duplex, built in 1979, contains two separate residences with matching three-bedroom, two-bath layouts. Each unit includes a private garage, high ceilings, and a spacious floor plan. Property improvements include a newer roof, updated air-conditioning systems, replacement water heaters, renovated kitchens, and refreshed bathrooms.
The property is located at 1410-1412 NW 93rd Terrace in Coral Springs, east of University Drive, and carries RD-8 zoning. The configuration supports separate residential occupancy within a single duplex property, with FHA and VA eligibility identified for the offering.
The property is located at 1410-1412 NW 93rd Terrace in Coral Springs, east of University Drive, and carries RD-8 zoning. The configuration supports separate residential occupancy within a single duplex property, with FHA and VA eligibility identified for the offering.
Key Highlights
- 3,733 SF duplex built in 1979
- Two 3‑bedroom, 2‑bath residences
- Private garage serving each residence
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
$64,539
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
7.78%
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%
$1,290,780
$1.3M
Cap Rate 7%
$921,986
$922.0K
Cap Rate 9%
$717,100
$717.1K
Market Conditions
NOI Build-Up for 3,733 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
$96.3K $25.80/SF
− Vacancy
−$4.1K −$1.10/SF
EGI
$92.2K $24.70/SF
− OpEx
−$27.7K −$7.41/SF
NOI
$64.5K $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%
$1,290,780
Cap Rate 7%
$921,986
Cap Rate 9%
$717,100
Alternative Uses
Best Use
Multifamily LT 5
$922.0K
$806.7K – $1.08M
NOI $64,539 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$850.4K
$744.1K – $992.2K
NOI $59,529 @ 7.0% cap · market cap 7.17%
Theoretical Best
Specialty Retail
$6.37M
$5.57M – $7.43M
NOI $445,609 @ 7.0% cap · market cap 53.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,901
Businesses Nearby
Explore this area
Business Placement
Demographics for 33071, FL
40,026
Population
14,184
Households
2.8
Avg Household Size
40
Median Age
43%
College-Educated
95%
High-School Grad
7.5 sq mi
ZIP Area
5,337
Density / Sq Mi
$100,279
Median Household Income
$50,090
Median Earnings
$2,092
Median Rent
$537,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer private garages, high ceilings, and refreshed kitchens and bathrooms.
Where is this duplex located?
The property is located at 1410-1412 NW 93rd Terrace Coral Springs, FL.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: 3,733 SF duplex built in 1979; Two 3‑bedroom, 2‑bath residences; Private garage serving each residence
