Updated Triplex with Private
For Sale
Contact for pricing
5200 NW 16th St, Lauderhill, FL 33313
Tenant-occupied triplex with annual leases, separate parking, impact windows, and a large yard with mature fruit trees.
Property Size2,399 SF
Price / SF$333.47
Days on Market116
Property Features for 5200 NW 16th St
General Information
Standard status
Active
Size
2,399 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
RM-8
Additional Details
Gross Income
$130,116
Public Transit
Yes
Multifamily Units
6
Amenities
impact windows
central AC
yard
Building Details
Year Built
1971
Buildings
2
Listing Agency:
Ace Core-Group LLC
(954) 394-8935
Listed By:
IRFAN KHAN · License #3058504
Source:
Crexi
Added: May 8
Changed: Aug 30
Last Checked: Aug 30 at 12:16PM
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 Ace Core-Group LLC
Investment Insights
Based on property information with market context.
This 2,399-square-foot triplex was built in 1971 and has been updated with impact windows, central AC, tile flooring, and fresh interior paint. The property contains three units with a combined configuration of six bedrooms and four bathrooms. Two units are arranged as 2-bedroom, 1-bath residences, while the third offers two bedrooms and two bathrooms with its own entrance and separate parking space. A large yard includes mango, avocado, and ackee trees.
The building is currently occupied by tenants under annual leases. The property is zoned RM-8 and is located near shopping centers, public transportation, restaurants, and schools. The address is 5200 NW 16th St, Lauderhill, FL 33313.
The building is currently occupied by tenants under annual leases. The property is zoned RM-8 and is located near shopping centers, public transportation, restaurants, and schools. The address is 5200 NW 16th St, Lauderhill, FL 33313.
Key Highlights
- 2,399‑square‑foot triplex built in 1971
- Three units totaling 6 bedrooms and 4 bathrooms
- Unit mix includes two 2‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath unit
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
$39,991
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
5.00%
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%
$799,820
$799.8K
Cap Rate 7%
$571,300
$571.3K
Cap Rate 9%
$444,344
$444.3K
Market Conditions
NOI Build-Up for 2,399 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
$60.5K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$57.1K $23.81/SF
− OpEx
−$17.1K −$7.14/SF
NOI
$40.0K $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%
$799,820
Cap Rate 7%
$571,300
Cap Rate 9%
$444,344
Alternative Uses
Best Use
Multifamily LT 5
$571.3K
$499.9K – $666.5K
NOI $39,991 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$527.1K
$461.2K – $614.9K
NOI $36,895 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,198 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 33313, FL
63,284
Population
25,312
Households
2.5
Avg Household Size
36
Median Age
15%
College-Educated
85%
High-School Grad
6.3 sq mi
ZIP Area
10,045
Density / Sq Mi
$45,408
Median Household Income
$30,872
Median Earnings
$1,608
Median Rent
$236,300
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 - Tenant-occupied triplex with annual leases, separate parking, impact windows, and a large yard with mature fruit trees.
Where is this triplex located?
The property is located at 5200 NW 16th St Lauderhill, FL.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 2,399‑square‑foot triplex built in 1971; Three units totaling 6 bedrooms and 4 bathrooms; Unit mix includes two 2‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath unit
