Oakland Park Apartments For
For Sale
Contact for pricing
Pending
4410 NE 19th Ter, Oakland Park, FL 33308
Four-unit apartment building in Oakland Park, Florida.
Property Size4,033 SF
Lot Size0.30 Acres
Days on Market187
Property Features for 4410 NE 19th Ter
General Information
Standard status
Pending
Size
4,033 SF
Total Parking Spaces
9
Lot size
0.30 Acres
Property subtype
Multifamily
Zoning
RM-25
Occupancy
100%
Building Details
Year Built
1958
Buildings
1
Stories
1
Units
5
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Evan Kristol · License #FL SL640466
Source:
Crexi
Added: Feb 6
Changed: Aug 8
Last Checked: Aug 8 at 6:28AM
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
Coral Hills Apartments is a four-unit apartment building located in Oakland Park, Florida. Constructed in 1958, the one-story building features a painted stucco exterior over concrete block construction. The property is situated west of Federal Highway (US 1), between Oakland Park Boulevard and Commercial Boulevard, and west of the Coral Ridge Golf & Country Club. The building is positioned on a 0.30-acre site zoned RM-25. The unit mix includes two two-bedroom, one-bathroom apartments and two two-bedroom, two-bathroom apartments. The apartments average over 1,000 rentable square feet. Each apartment is separately metered for all utilities, including water, and has an individual wall-unit air conditioner and separate hot-water heater. There are eight open parking spaces and one covered carport. An on-site laundry facility is available, and one apartment has its own washer and dryer.
Key Highlights
- Large .30‑acre site zoned RM‑25 offers potential for future development or expansion.
- All units are separately metered for all utilities, including water, reducing landlord expenses.
- Spacious apartments averaging over 1,000 rentable square feet.
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
$67,229
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
6.79%
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%
$1,344,580
$1.3M
Cap Rate 7%
$960,414
$960.4K
Cap Rate 9%
$746,989
$747.0K
Market Conditions
NOI Build-Up for 4,033 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
$101.6K $25.20/SF
− Vacancy
−$5.6K −$1.39/SF
EGI
$96.0K $23.81/SF
− OpEx
−$28.8K −$7.14/SF
NOI
$67.2K $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%
$1,344,580
Cap Rate 7%
$960,414
Cap Rate 9%
$746,989
Alternative Uses
Best Use
Multifamily LT 5
$960.4K
$840.4K – $1.12M
NOI $67,229 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$886.1K
$775.3K – $1.03M
NOI $62,025 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,228 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 33308, FL
29,519
Population
23,230
Households
1.3
Avg Household Size
57
Median Age
56%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
6,417
Density / Sq Mi
$83,413
Median Household Income
$58,600
Median Earnings
$1,850
Median Rent
$536,900
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 - Four-unit apartment building in Oakland Park, Florida.
Where is this quadplex located?
The property is located at 4410 NE 19th Ter Oakland Park, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Large .30‑acre site zoned RM‑25 offers potential for future development or expansion.; All units are separately metered for all utilities, including water, reducing landlord expenses.; Spacious apartments averaging over 1,000 rentable square feet.
