Corner-Lot Duplex with
New
For Sale
$849,900
4470 NW 109TH Terrace, Coral Springs, FL 33065
Two well-maintained rental units feature private garages and access to a shared pool within a fenced outdoor area.
Property Size2,812 SF
Price / SF$302.24
Days on Market5
Property Features for 4470 NW 109TH Terrace
General Information
Standard status
Active
Size
2,812 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
RD-8
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$15,704
Amenities
pool
Building Details
Building Size
2,812 SF
Year Built
1974
Stories
2
Listing Agency:
Keller Williams Realty Consultants
(954) 204-7000
Listed By:
Gonzalo Vargas · License #3348807
(954) 204-7000
Source:
Laerrealty
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 12 at 3:34AM
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 Keller Williams Realty Consultants
Investment Insights
Based on property information with market context.
This 2,812-square-foot duplex, built in 1974, contains two three-bedroom, one-and-a-half-bath units with bright interiors and generously sized living areas. Each residence includes its own one-car garage, while both units share access to a pool and a fully fenced backyard. The property is zoned RD-8 and occupies a corner lot in Coral Springs.
Long-term tenants are already in place. The duplex is located near schools, shopping, dining, major highways, and everyday services, with the address at 4470 NW 109TH Terrace, Coral Springs, FL 33065. Its two-unit configuration and existing outdoor amenities provide a clearly defined income-property layout.
Long-term tenants are already in place. The duplex is located near schools, shopping, dining, major highways, and everyday services, with the address at 4470 NW 109TH Terrace, Coral Springs, FL 33065. Its two-unit configuration and existing outdoor amenities provide a clearly defined income-property layout.
Key Highlights
- Two 3‑bedroom, 1.5‑bath units in a single duplex
- 2,812 square feet; built in 1974
- Each unit includes its own 1‑car garage
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
$48,616
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
5.72%
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%
$972,320
$972.3K
Cap Rate 7%
$694,514
$694.5K
Cap Rate 9%
$540,178
$540.2K
Market Conditions
NOI Build-Up for 2,812 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
$72.5K $25.80/SF
− Vacancy
−$3.1K −$1.10/SF
EGI
$69.5K $24.70/SF
− OpEx
−$20.8K −$7.41/SF
NOI
$48.6K $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%
$972,320
Cap Rate 7%
$694,514
Cap Rate 9%
$540,178
Alternative Uses
Best Use
Multifamily LT 5
$694.5K
$607.7K – $810.3K
NOI $48,616 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$640.6K
$560.5K – $747.4K
NOI $44,842 @ 7.0% cap · market cap 5.28%
Theoretical Best
Specialty Retail
$4.80M
$4.20M – $5.59M
NOI $335,669 @ 7.0% cap · market cap 39.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
708
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 - Two well-maintained rental units feature private garages and access to a shared pool within a fenced outdoor area.
Where is this duplex located?
The property is located at 4470 NW 109TH Terrace Coral Springs, FL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two 3‑bedroom, 1.5‑bath units in a single duplex; 2,812 square feet; built in 1974; Each unit includes its own 1‑car garage
