Flexible-Layout
New
For Sale
$945,000
4465 SW 54th Court, Fort Lauderdale, FL 33314
Legal three-unit property with dedicated parking, fenced outdoor space, and updated roof, doors, shutters, and air-conditioning systems.
Property Size3,115 SF
Days on Market6
Property Features for 4465 SW 54th Court
General Information
Standard status
Active
Size
3,115 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$6,872
Building Details
Building Size
3,115 SF
Year Built
1975
Listing Agency:
United Realty Group Inc
Listed By:
Lisa M Caron · License #590141
Source:
Relinkre
Added: Sep 14
Changed: Sep 18
Last Checked: Sep 19 at 12:58PM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This legal triplex is arranged as three residences: a 3/2, a 2/1, and a 1BR efficiency. The larger two units include full-size laundry under air. The existing layout may also support four separate living spaces through a possible reconfiguration of the 3/2 into a 2/1 and a 1BR efficiency. Six dedicated parking spaces serve the property, while the fenced backyard includes room for a pool and can accommodate separate fenced outdoor areas.
Property improvements include a 2017 roof, accordion shutters, impact sliding doors, and 4 newer A/C units. Seminole Hard Rock is 1/2 mile away, Dania Beach is 7 mi away, and the property offers access to FLL Airport and interstates. The building was constructed in 1975.
Property improvements include a 2017 roof, accordion shutters, impact sliding doors, and 4 newer A/C units. Seminole Hard Rock is 1/2 mile away, Dania Beach is 7 mi away, and the property offers access to FLL Airport and interstates. The building was constructed in 1975.
Key Highlights
- Legal triplex with 3/2, 2/1, and 1BR efficiency configuration
- Potential layout for 4 separate living spaces
- 6 dedicated parking spaces and fenced backyard with room for a pool
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
$51,926
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
5.49%
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%
$1,038,520
$1.0M
Cap Rate 7%
$741,800
$741.8K
Cap Rate 9%
$576,956
$577.0K
Market Conditions
NOI Build-Up for 3,115 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
$78.5K $25.20/SF
− Vacancy
−$4.3K −$1.39/SF
EGI
$74.2K $23.81/SF
− OpEx
−$22.3K −$7.14/SF
NOI
$51.9K $16.67/SF
Area
Fort Lauderdale, 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%
$1,038,520
Cap Rate 7%
$741,800
Cap Rate 9%
$576,956
Alternative Uses
Best Use
Multifamily LT 5
$741.8K
$649.1K – $865.4K
NOI $51,926 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$668.2K
$584.7K – $779.6K
NOI $46,776 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,530 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
Explore this area
Business Placement
Demographics for 33314, FL
30,248
Population
12,041
Households
2.5
Avg Household Size
34
Median Age
30%
College-Educated
89%
High-School Grad
8.8 sq mi
ZIP Area
3,437
Density / Sq Mi
$63,791
Median Household Income
$36,733
Median Earnings
$2,034
Median Rent
$347,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Legal three-unit property with dedicated parking, fenced outdoor space, and updated roof, doors, shutters, and air-conditioning systems.
Where is this triplex located?
The property is located at 4465 SW 54th Court Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Legal triplex with 3/2, 2/1, and 1BR efficiency configuration; Potential layout for 4 separate living spaces; 6 dedicated parking spaces and fenced backyard with room for a pool
