Triplex with Vacant
For Sale
Contact for pricing
18 SW 13th St, Dania Beach, FL 33004
Three separate units are currently vacant, allowing immediate decisions on occupancy and leasing.
Property Size2,507 SF
Price / SF$378.94
Days on Market192
Property Features for 18 SW 13th St
General Information
Standard status
Active
Size
2,507 SF
Total Parking Spaces
3
Property subtype
Multifamily
Zoning
SFED-MU
Property Condition
Severity
Repairs Needed
Evidence
needs minimal updating
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Year Built
1983
Units
3
Listing Agency:
United Realty Group Inc.
(954) 907-0391
Listed By:
Mira Persad-Ramroop · License #0678213
Source:
Crexi
Added: Feb 21
Changed: Aug 29
Last Checked: Aug 31 at 6:20AM
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 United Realty Group Inc.
Investment Insights
Based on property information with market context.
Built in 1983, this 2,507-square-foot triplex contains three separate residential units: two with 2/1 layouts and one with a 1/1 layout. All units are vacant, providing flexibility for an owner-occupant arrangement or leasing of the residences. One unit requires minimal updating.
The property is located at 18 SW 13th St in Dania Beach, Florida, near the beach, major highways, Fort Lauderdale International Airport, shopping, dining, and entertainment. Zoning is SFED-MU. The configuration offers separate units within a single multifamily property, with the existing vacancy allowing the next owner to determine occupancy and rental plans.
The property is located at 18 SW 13th St in Dania Beach, Florida, near the beach, major highways, Fort Lauderdale International Airport, shopping, dining, and entertainment. Zoning is SFED-MU. The configuration offers separate units within a single multifamily property, with the existing vacancy allowing the next owner to determine occupancy and rental plans.
Key Highlights
- Three‑unit triplex with two 2/1 units and one 1/1 unit
- 2,507 square feet of residential improvements
- All 3 units are currently vacant
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
$41,791
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
4.40%
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%
$835,820
$835.8K
Cap Rate 7%
$597,014
$597.0K
Cap Rate 9%
$464,344
$464.3K
Market Conditions
NOI Build-Up for 2,507 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
$63.2K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.7K $23.81/SF
− OpEx
−$17.9K −$7.14/SF
NOI
$41.8K $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%
$835,820
Cap Rate 7%
$597,014
Cap Rate 9%
$464,344
Alternative Uses
Best Use
Multifamily LT 5
$597.0K
$522.4K – $696.5K
NOI $41,791 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$550.8K
$482.0K – $642.6K
NOI $38,556 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,033 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,181
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?
Triplex - Three separate units are currently vacant, allowing immediate decisions on occupancy and leasing.
Where is this triplex located?
The property is located at 18 SW 13th St Dania Beach, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three‑unit triplex with two 2/1 units and one 1/1 unit; 2,507 square feet of residential improvements; All 3 units are currently vacant
