Residential Income
For Sale
$1,075,000
3735 NW 116th Terrace, Coral Springs, FL 33065
Quadplex offered for sale as a residential income property with 3,659 square feet total size.
Property Size3,659 SF
Price / SF$293.80
Days on Market54
Property Features for 3735 NW 116th Terrace
General Information
Standard status
Active
Size
3,659 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$19,868
Building Details
Building Size
3,659 SF
Year Built
1974
Listing Agency:
Avanti Way Realty LLC
Listed By:
Juan C Patino · License #3230495
(305) 332-6452
Source:
Pamandtoni
Added: Jul 21
Changed: Sep 2
Last Checked: Sep 12 at 9:26AM
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 Avanti Way Realty LLC
Investment Insights
Based on property information with market context.
This quadplex is offered for sale as a residential income property and totals 3,659 square feet.
The property is located at 3735 NW 116th Ter in Coral Springs, Florida.
As a multifamily asset with four residential units, it may appeal to investors looking for ongoing rental income potential within a quadplex configuration.
The property is located at 3735 NW 116th Ter in Coral Springs, Florida.
As a multifamily asset with four residential units, it may appeal to investors looking for ongoing rental income potential within a quadplex configuration.
Key Highlights
- Quadplex built in 1974
- Residential income property with 3,659 SF total size
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
$63,260
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
5.88%
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%
$1,265,200
$1.3M
Cap Rate 7%
$903,714
$903.7K
Cap Rate 9%
$702,889
$702.9K
Market Conditions
NOI Build-Up for 3,659 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
$94.4K $25.80/SF
− Vacancy
−$4.0K −$1.10/SF
EGI
$90.4K $24.70/SF
− OpEx
−$27.1K −$7.41/SF
NOI
$63.3K $17.29/SF
Area
Coral Springs, FL
Vacancy
4.27%
Lease Rate
$25.80 /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%
$1,265,200
Cap Rate 7%
$903,714
Cap Rate 9%
$702,889
Alternative Uses
Best Use
Multifamily LT 5
$903.7K
$790.8K – $1.05M
NOI $63,260 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$833.6K
$729.4K – $972.5K
NOI $58,349 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$6.24M
$5.46M – $7.28M
NOI $436,776 @ 7.0% cap · market cap 40.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
Explore this area
Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
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 - Quadplex offered for sale as a residential income property with 3,659 square feet total size.
Where is this quadplex located?
The property is located at 3735 NW 116th Terrace Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Quadplex built in 1974; Residential income property with 3,659 SF total size
