Remodeled Triplex with Pool
For Sale
Contact for pricing
4728 SW 66th Ter, Davie, FL 33314
Fully remodeled triplex with strong rental income and desirable amenities.
Property Size3,551 SF
Price / SF$285.83
Days on Market542
Property Features for 4728 SW 66th Ter
General Information
Standard status
Active
Size
3,551 SF
Property subtype
Multifamily
Zoning
RM-10
Building Details
Year Built
1978
Listing Agency:
LoKation
Listed By:
Chantel Magrino · License #3521742
Source:
Crexi
Added: Feb 12, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:01PM
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 LoKation
Investment Insights
Based on property information with market context.
This fully remodeled triplex presents a prime investment opportunity, situated on a dead-end street. The property consists of three units, all of which are currently leased and generating strong rental income. The spacious 3/2 unit features a modern kitchen equipped with stainless steel appliances, French doors, a two-car garage, and a private backyard with a pool, offering direct access to Lange Park. The 2/1 unit includes a private patio, a fenced yard, and dedicated parking. Additionally, there is a studio with ample space, a full kitchen, a living area, and a full bath. Recent upgrades to the property include impact windows, new A/Cs, and tile floors, which minimize maintenance costs. A new roof is planned for December 2024. The property is located minutes away from shopping, universities, and major roads and highways. Pets are allowed.
Key Highlights
- Fully remodeled triplex generating strong rental income and currently leased.
- 3/2 unit features a private backyard with a pool and direct Lange Park access.**
- Recent upgrades include a new roof (Dec 2024), impact windows, and new A/Cs.**
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
$39,084
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
3.85%
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%
$781,680
$781.7K
Cap Rate 7%
$558,343
$558.3K
Cap Rate 9%
$434,267
$434.3K
Market Conditions
NOI Build-Up for 3,551 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
$57.5K $16.20/SF
− Vacancy
−$1.7K −$0.48/SF
EGI
$55.8K $15.72/SF
− OpEx
−$16.8K −$4.72/SF
NOI
$39.1K $11.01/SF
Area
Davie, FL
Vacancy
2.94%
Lease Rate
$16.20 /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%
$781,680
Cap Rate 7%
$558,343
Cap Rate 9%
$434,267
Alternative Uses
Best Use
Multifamily LT 5
$558.3K
$488.6K – $651.4K
NOI $39,084 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$515.8K
$451.4K – $601.8K
NOI $36,109 @ 7.0% cap · market cap 3.56%
Theoretical Best
Warehouse
$673.3K
$589.1K – $785.5K
NOI $47,128 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,251
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully remodeled triplex with strong rental income and desirable amenities.
Where is this triplex located?
The property is located at 4728 SW 66th Ter Davie, FL.
What is the asking price?
The asking price for this property is $1,015,000.
What are key features of this property?
This property features: Fully remodeled triplex generating strong rental income and currently leased.; 3/2 unit features a private backyard with a pool and direct Lange Park access.**; Recent upgrades include a new roof (Dec 2024), impact windows, and new A/Cs.**
