Renovated
For Sale
$899,999
24 13th Street, Dania Beach, FL 33004
Updated multifamily property with new building systems, interior finishes, fencing, and on-site laundry.
Property Size2,371 SF
Price / SF$379.59
Days on Market106
Property Features for 24 13th Street
General Information
Standard status
Active
Size
2,371 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$11,333
Amenities
coin laundry room
3
10 Parking Spaces.
Building Details
Year Built
1959
Listing Agency:
A J Ryan Realty
(954) 709-0215
Listed By:
Patrick Toma · License #3363006
(954) 709-0215
Source:
Xome
Added: May 3
Changed: Aug 16
Last Checked: Aug 16 at 4:10AM
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 A J Ryan Realty
Investment Insights
Based on property information with market context.
This quadplex at 24 13th Street in Dania Beach comprises 2,371 square feet and was built in 1959. The property has undergone extensive renovation, including new windows and doors, a replacement roof, updated electrical work, new kitchens and bathrooms, and a new perimeter fence. A coin laundry room has also been added, providing an on-site resident amenity.
The property includes 10 parking spaces and is positioned in Dania Beach, Florida. The combination of renovated building components, refreshed unit interiors, on-site laundry, and dedicated parking provides a defined physical configuration for multifamily ownership.
The property includes 10 parking spaces and is positioned in Dania Beach, Florida. The combination of renovated building components, refreshed unit interiors, on-site laundry, and dedicated parking provides a defined physical configuration for multifamily ownership.
Key Highlights
- Quadplex with 2,371 square feet
- Extensive renovation includes new roof, windows, doors, electrical, kitchens, and bathrooms
- 10 parking spaces
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
$39,524
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
4.39%
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%
$790,480
$790.5K
Cap Rate 7%
$564,629
$564.6K
Cap Rate 9%
$439,156
$439.2K
Market Conditions
NOI Build-Up for 2,371 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
$59.7K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$56.5K $23.81/SF
− OpEx
−$16.9K −$7.14/SF
NOI
$39.5K $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%
$790,480
Cap Rate 7%
$564,629
Cap Rate 9%
$439,156
Alternative Uses
Best Use
Multifamily LT 5
$564.6K
$494.1K – $658.7K
NOI $39,524 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$520.9K
$455.8K – $607.7K
NOI $36,464 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,204 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
601
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?
Quadplex - Updated multifamily property with new building systems, interior finishes, fencing, and on-site laundry.
Where is this quadplex located?
The property is located at 24 13th Street Dania Beach, FL.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Quadplex with 2,371 square feet; Extensive renovation includes new roof, windows, doors, electrical, kitchens, and bathrooms; 10 parking spaces
