4-Unit Quadplex with Updated
For Sale
Contact for pricing
3775 NW 116th Terrace # 4 #1-4, Coral Springs, FL 33065
RM-15 multifamily property with renovated bathrooms, in-unit laundry, and parking serving four three-bedroom residences.
Property Size3,819 SF
Price / SF$327.05
Days on Market85
Property Features for 3775 NW 116th Terrace # 4 #1-4
General Information
Standard status
Active
Size
3,819 SF
Property subtype
Multifamily
Zoning
RM-15
Units
Unit Mix
4 x 3BR
Multifamily Units
4
Additional Details
Gross Income
$123,000
Amenities
in-unit washer and dryer
Building Details
Year Built
1975
Buildings
1
Units
4
Listing Agency:
Fidelity Real Estate Group
Listed By:
Carlos Montoya · License #0623048
(954) 345-9144
Source:
Crexi
Added: Jun 11
Changed: Aug 30
Last Checked: Aug 31 at 8:21AM
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 Fidelity Real Estate Group
Investment Insights
Based on property information with market context.
This 3,819-square-foot quadplex contains four three-bedroom residences and was constructed in 1975. Interior improvements include newer kitchens, renovated bathrooms, and laminate flooring. Selected units feature granite countertops and stainless-steel appliances, while each residence includes an in-unit washer and dryer.
The property is zoned RM-15 and includes on-site parking. Its setting next to a city park provides views toward the park and places the building within the Coral Springs rental market. The property address is 3775 NW 116th Terrace, Coral Springs, Florida 33065.
The property is zoned RM-15 and includes on-site parking. Its setting next to a city park provides views toward the park and places the building within the Coral Springs rental market. The property address is 3775 NW 116th Terrace, Coral Springs, Florida 33065.
Key Highlights
- Four three‑bedroom units within a 3,819‑square‑foot quadplex
- RM‑15 zoning
- Updated kitchens and renovated bathrooms
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
$66,026
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
5.29%
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%
$1,320,520
$1.3M
Cap Rate 7%
$943,229
$943.2K
Cap Rate 9%
$733,622
$733.6K
Market Conditions
NOI Build-Up for 3,819 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
$98.5K $25.80/SF
− Vacancy
−$4.2K −$1.10/SF
EGI
$94.3K $24.70/SF
− OpEx
−$28.3K −$7.41/SF
NOI
$66.0K $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%
$1,320,520
Cap Rate 7%
$943,229
Cap Rate 9%
$733,622
Alternative Uses
Best Use
Multifamily LT 5
$943.2K
$825.3K – $1.10M
NOI $66,026 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$870.0K
$761.3K – $1.02M
NOI $60,900 @ 7.0% cap · market cap 4.88%
Theoretical Best
Specialty Retail
$6.51M
$5.70M – $7.60M
NOI $455,875 @ 7.0% cap · market cap 36.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
872
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 - RM-15 multifamily property with renovated bathrooms, in-unit laundry, and parking serving four three-bedroom residences.
Where is this quadplex located?
The property is located at 3775 NW 116th Terrace # 4 #1-4 Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Four three‑bedroom units within a 3,819‑square‑foot quadplex; RM‑15 zoning; Updated kitchens and renovated bathrooms
