Duplex with Screened
For Sale
$425,000
4340 NW 110th Avenue, Coral Springs, FL 33065
A three-bedroom, two-bath layout features an open kitchen, granite finishes, and a screened outdoor area.
Property Size1,243 SF
Price / SF$341.91
Days on Market11
Property Features for 4340 NW 110th Avenue
General Information
Standard status
Active
Size
1,243 SF
Total Parking Spaces
4
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,547
Amenities
screened-in rear patio
laundry room
granite countertops
granite-topped bathroom vanities
Building Details
Building Size
1,243 SF
Year Built
1973
Listing Agency:
Chevalier Real Estate, LLC.
Listed By:
Larry Jerome Slappy · License #3100472
(954) 553-9944
Source:
Pamandtoni
Added: Sep 22
Changed: Oct 1
Last Checked: Oct 1 at 7:34PM
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 Chevalier Real Estate, LLC.
Investment Insights
Based on property information with market context.
This duplex has a three-bedroom, two-bath layout, with an open kitchen facing the dining area. Granite countertops and bathroom vanities, a dedicated laundry room with storage, and a screened rear patio overlooking the backyard are among its features. The driveway accommodates up to four vehicles. Built in 1973, the property is offered as-is with the right to inspect and has no HOA.
Shopping, dining, schools, and major roadways are nearby in Coral Springs.
Shopping, dining, schools, and major roadways are nearby in Coral Springs.
Key Highlights
- Three‑bedroom, two‑bath configuration
- Open kitchen adjoining the dining area
- Screened rear patio with a backyard view
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
$21,490
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
5.06%
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%
$429,800
$429.8K
Cap Rate 7%
$307,000
$307.0K
Cap Rate 9%
$238,778
$238.8K
Market Conditions
NOI Build-Up for 1,243 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
$32.1K $25.80/SF
− Vacancy
−$1.4K −$1.10/SF
EGI
$30.7K $24.70/SF
− OpEx
−$9.2K −$7.41/SF
NOI
$21.5K $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%
$429,800
Cap Rate 7%
$307,000
Cap Rate 9%
$238,778
Alternative Uses
Best Use
Multifamily LT 5
$307.0K
$268.6K – $358.2K
NOI $21,490 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$283.2K
$247.8K – $330.4K
NOI $19,822 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,377 @ 7.0% cap · market cap 34.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
752
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?
Duplex - A three-bedroom, two-bath layout features an open kitchen, granite finishes, and a screened outdoor area.
Where is this duplex located?
The property is located at 4340 NW 110th Avenue Coral Springs, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath configuration; Open kitchen adjoining the dining area; Screened rear patio with a backyard view
