Updated Four-Unit
For Sale
$1,239,000
3775 NW 116th Terrace 1-4, Coral Springs, FL 33065
Four three-bedroom residences offer refreshed interiors, private laundry, and on-site parking.
Property Size3,819 SF
Price / SF$324.43
Days on Market68
Property Features for 3775 NW 116th Terrace 1-4
General Information
Standard status
Active
Size
3,819 SF
Property subtype
Quadruplex
Additional Details
Gross Income
$123,000
Taxes and HOA fees
Annual Taxes
$23,368
Amenities
in-unit washers and dryers
granite counters and stainless-steel appliances
Building Details
Building Size
3,819 SF
Year Built
1975
Tenancy
Multi
Listing Agency:
Fidelity Real Estate Group LLC
(954) 234-7653
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Source:
Pamandtoni
Added: Jun 10
Changed: Aug 3
Last Checked: Aug 15 at 11:47AM
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 LLC
Investment Insights
Based on property information with market context.
This 3,819-square-foot quadplex contains four three-bedroom residences, providing a consistent multifamily layout within a 1975-built property. Interior improvements include newer kitchens, renovated bathrooms, and laminate flooring. Granite countertops and stainless-steel appliances are installed in select units, while each residence has its own washer and dryer. On-site parking serves the property.
The property is located at 3775 NW 116th Terrace in Coral Springs, Florida, and sits next to a city park with views toward the park. Its four-unit configuration, individual laundry facilities, and updated interior components define the asset’s current physical offering.
The property is located at 3775 NW 116th Terrace in Coral Springs, Florida, and sits next to a city park with views toward the park. Its four-unit configuration, individual laundry facilities, and updated interior components define the asset’s current physical offering.
Key Highlights
- Four 3‑bedroom units in a quadplex configuration
- 3,819 SF multifamily property built in 1975
- Newer kitchens, renovated bathrooms, and laminate flooring
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
5.33%
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 5.33%
Second Best
Apartment 5plus
$870.0K
$761.3K – $1.02M
NOI $60,900 @ 7.0% cap · market cap 4.92%
Theoretical Best
Specialty Retail
$6.51M
$5.70M – $7.60M
NOI $455,875 @ 7.0% cap · market cap 36.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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 - Four three-bedroom residences offer refreshed interiors, private laundry, and on-site parking.
Where is this quadplex located?
The property is located at 3775 NW 116th Terrace 1-4 Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,239,000.
What are key features of this property?
This property features: Four 3‑bedroom units in a quadplex configuration; 3,819 SF multifamily property built in 1975; Newer kitchens, renovated bathrooms, and laminate flooring
