Waterfront Duplex with Boat
For Sale
$1,090,000
1469 NW 10th Street, Dania Beach, FL 33004
Updated two-bedroom units support owner occupancy, separate rentals, or other permitted arrangements.
Property Size1,895 SF
Price / SF$575.20
Days on Market57
Property Features for 1469 NW 10th Street
General Information
Standard status
Active
Size
1,895 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RS-6000
Taxes and HOA fees
Annual Taxes
$14,828
Building Details
Building Size
1,895 SF
Year Built
1995
Stories
1
Listing Agency:
Compass Florida, LLC
(305) 321-7889
Listed By:
Gladys Martinez · License #3238184
(305) 321-7889
Source:
Laerrealty
Added: Jul 6
Changed: Aug 30
Last Checked: Aug 31 at 12:51PM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
This 1,895-square-foot duplex, built in 1995, includes two remodeled residential units. Each unit offers two bedrooms and one bathroom, creating a practical configuration for separate occupancy or rental use. Improvements include a new roof and impact windows. The property is zoned RS-6000 and sits along an ocean-access canal with a dock sized for a 50-foot boat.
The duplex is in Dania Beach near Hollywood Beach, Dania Pointe, restaurants, and Fort Lauderdale-Hollywood International Airport. It is represented as a certified Airbnb or short-term rental setup; licensing, zoning, and city requirements should be verified by the buyer. The waterfront setting and existing dock add a boating component to the property’s residential configuration.
The duplex is in Dania Beach near Hollywood Beach, Dania Pointe, restaurants, and Fort Lauderdale-Hollywood International Airport. It is represented as a certified Airbnb or short-term rental setup; licensing, zoning, and city requirements should be verified by the buyer. The waterfront setting and existing dock add a boating component to the property’s residential configuration.
Key Highlights
- 1,895‑square‑foot waterfront duplex in Dania Beach
- Two units, each with 2 bedrooms and 1 bathroom
- Ocean‑access canal with dock for a 50‑foot boat
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
$31,589
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
2.90%
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%
$631,780
$631.8K
Cap Rate 7%
$451,271
$451.3K
Cap Rate 9%
$350,989
$351.0K
Market Conditions
NOI Build-Up for 1,895 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
$47.8K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$45.1K $23.81/SF
− OpEx
−$13.5K −$7.14/SF
NOI
$31.6K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
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%
$631,780
Cap Rate 7%
$451,271
Cap Rate 9%
$350,989
Alternative Uses
Best Use
Multifamily LT 5
$451.3K
$394.9K – $526.5K
NOI $31,589 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$416.3K
$364.3K – $485.7K
NOI $29,144 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$961.4K
$841.2K – $1.12M
NOI $67,299 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
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?
Duplex - Updated two-bedroom units support owner occupancy, separate rentals, or other permitted arrangements.
Where is this duplex located?
The property is located at 1469 NW 10th Street Dania 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: 1,895‑square‑foot waterfront duplex in Dania Beach; Two units, each with 2 bedrooms and 1 bathroom; Ocean‑access canal with dock for a 50‑foot boat
