Dania Beach Turnkey Legal
For Sale
Contact for pricing
208 SW 2nd Pl, Dania Beach, FL 33004
Renovated duplex near beach, Dania Pointe, and FLL Airport.
Property Size1,427 SF
Price / SF$381.57
Days on Market182
Property Features for 208 SW 2nd Pl
General Information
Standard status
Active
Size
1,427 SF
Property subtype
Multifamily
Zoning
NBHD-RES
Building Details
Year Built
1962
Listing Agency:
Keller Williams Eagle Realty
Listed By:
Dror Huja · License #3634894
Source:
Crexi
Added: Feb 27
Changed: Aug 8
Last Checked: Jul 23 at 1:18PM
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 Keller Williams Eagle Realty
Investment Insights
Based on property information with market context.
This legal duplex in Dania Beach presents a turnkey opportunity following over $85,000 in renovations. Its location offers convenient access, being just 5 minutes from the beach and Dania Pointe, and 10 minutes from FLL Airport. The property features a new roof, full impact windows, two new central AC systems, and updated tankless water heaters. Both units are vacant and ready for immediate occupancy or market-rate tenants. Unit 210 has been fully updated with fresh paint, new tile flooring, a new kitchen, and new appliances. Unit 208 is also move-in ready. The property includes an oversized fenced yard with room for boats or trailers, plus a large storage shed. With a property size of 1427 square feet, this duplex is suitable for investors or owner-occupants looking to house hack.
Key Highlights
- Turnkey legal duplex with over $85,000 in renovations.
- Prime location**: 5 minutes to the beach and Dania Pointe, 10 minutes to FLL Airport.
- Major renovations completed: New roof, impact windows, two new AC systems, and updated tankless water heaters.
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
$23,788
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
4.37%
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%
$475,760
$475.8K
Cap Rate 7%
$339,829
$339.8K
Cap Rate 9%
$264,311
$264.3K
Market Conditions
NOI Build-Up for 1,427 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
$36.0K $25.20/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$34.0K $23.81/SF
− OpEx
−$10.2K −$7.14/SF
NOI
$23.8K $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%
$475,760
Cap Rate 7%
$339,829
Cap Rate 9%
$264,311
Alternative Uses
Best Use
Multifamily LT 5
$339.8K
$297.4K – $396.5K
NOI $23,788 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$313.5K
$274.3K – $365.8K
NOI $21,946 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$724.0K
$633.5K – $844.6K
NOI $50,678 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,807
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex near beach, Dania Pointe, and FLL Airport.
Where is this duplex located?
The property is located at 208 SW 2nd Pl Dania Beach, FL.
What is the asking price?
The asking price for this property is $544,500.
What are key features of this property?
This property features: Turnkey legal duplex with over $85,000 in renovations.; Prime location**: 5 minutes to the beach and Dania Pointe, 10 minutes to FLL Airport.; Major renovations completed: New roof, impact windows, two new AC systems, and updated tankless water heaters.
