Occupied Four-Unit
For Sale
$749,500
Pending
237 SW 5th St, Deerfield Beach, FL 33441
Four residential units are leased, with residents paying their own electricity and water expenses.
Property Size2,532 SF
Days on Market150
Property Features for 237 SW 5th St
General Information
Standard status
Pending
Size
2,532 SF
Property subtype
Investment
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,005
Amenities
accordion hurricane shutters
Building Details
Building Size
2,532 SF
Year Built
1980
Buildings
1
Stories
1
Listing Agency:
Garza International Realty, Inc
Listed By:
Gerardo Villalpando · License #3301307
(954) 822-8242
Source:
Elliman
Added: Apr 8
Changed: Aug 29
Last Checked: Apr 9 at 7:16AM
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 Garza International Realty, Inc
Investment Insights
Based on property information with market context.
Built in 1980, this 2,532-square-foot quadplex contains four residential units and is fully occupied. Residents separately handle their electricity and water costs, while accordion hurricane shutters are installed at the building for storm protection.
The property is located minutes from the beach and major transportation corridors, connecting the rental asset with nearby recreation and regional travel routes. Existing occupancy provides an operating property with tenants already in place.
The property is located minutes from the beach and major transportation corridors, connecting the rental asset with nearby recreation and regional travel routes. Existing occupancy provides an operating property with tenants already in place.
Key Highlights
- Four‑unit quadplex with 100% occupancy
- 2,532 SF building constructed in 1980
- Residents pay their own electricity and water
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
$42,208
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
5.63%
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%
$844,160
$844.2K
Cap Rate 7%
$602,971
$603.0K
Cap Rate 9%
$468,978
$469.0K
Market Conditions
NOI Build-Up for 2,532 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
$63.8K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.3K $23.81/SF
− OpEx
−$18.1K −$7.14/SF
NOI
$42.2K $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%
$844,160
Cap Rate 7%
$602,971
Cap Rate 9%
$468,978
Alternative Uses
Best Use
Multifamily LT 5
$603.0K
$527.6K – $703.5K
NOI $42,208 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$556.3K
$486.8K – $649.0K
NOI $38,940 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,921 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 33441, FL
29,311
Population
15,225
Households
1.9
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,106
Density / Sq Mi
$57,257
Median Household Income
$35,163
Median Earnings
$1,544
Median Rent
$381,700
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?
Quadplex - Four residential units are leased, with residents paying their own electricity and water expenses.
Where is this quadplex located?
The property is located at 237 SW 5th St Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $749,500.
What are key features of this property?
This property features: Four‑unit quadplex with 100% occupancy; 2,532 SF building constructed in 1980; Residents pay their own electricity and water
