Updated Ranch Multi-Family
For Sale
$369,500
5227 SW 94th Avenue, Cooper City, FL 33328
Residential, Cooper City, FL
Property Size775 SF
Lot Size0.07 Acres
Price / SF$476.77
Days on Market184
Property Features for 5227 SW 94th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R-2
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1
Parking
12
Parking features
Driveway
Patio and Porch features
Patio
Pets allowed
Dogs OK, Yes
Interior features
Pantry
Appliances
Electric Water Heater, Range, Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer, Water Heater
Subdivision
SUMMERTIME ISLES
Lot features
Sidewalks
Elementary school
Cooper City
Middle school
Pioneer
High school
Cooper City
Directions
Palm Ave to SW 52 St., east to SW 94 Ave., south to property
Standard status
Active
APN
504132061022
Size
775 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUMMERTIME ISLES 66-12 B PT OF LOT 19 DESC AS BEG AT SE COR OF SAID LOT,W 82.83 TO SW COR,N 39,E 82.51,S ALG E/L 39.02 TO POB BLK 3
Tax Annual Amount
5366
Legal Description
SUMMERTIME ISLES 66-12 B PT OF LOT 19 DESC AS BEG AT SE COR OF SAID LOT,W 82.83 TO SW COR,N 39,E 82.51,S ALG E/L 39.02 TO POB BLK 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Building Details
Year built
1969
Floors in Building
1
Flooring type
Tile, Tile - Ceramic
Building materials
CBS, Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Jan A Freeston · License #136161
(954) 434-2800
Added: Mar 11
Changed: Sep 10
Last Checked: Sep 10 at 6:06PM
MLS# B26000140
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ranch-style multi-family home has been freshly painted inside and out and features fully tiled interiors. The kitchen has been updated with newer appliances, and the property includes updated windows that are noted as not impact. Additional improvements include a new water heater, screened patio, and a fenced yard for added outdoor privacy.
Zoned R-2, the home is presented as a residential income property opportunity in Cooper City. The seller also reports that all cast iron pipes have been replaced. Roof work is noted as completed in 2026, supporting the home’s overall readiness for a new owner.
For buyers seeking a move-in-ready setup, the combination of interior updates, newer kitchen appliances, and key system replacements can reduce near-term maintenance concerns. The screened patio and fenced yard add practical everyday usability, whether the goal is to occupy the property or operate it as part of a rental portfolio. This is a for-sale listing with residential-income configuration considerations under R-2 zoning.
Zoned R-2, the home is presented as a residential income property opportunity in Cooper City. The seller also reports that all cast iron pipes have been replaced. Roof work is noted as completed in 2026, supporting the home’s overall readiness for a new owner.
For buyers seeking a move-in-ready setup, the combination of interior updates, newer kitchen appliances, and key system replacements can reduce near-term maintenance concerns. The screened patio and fenced yard add practical everyday usability, whether the goal is to occupy the property or operate it as part of a rental portfolio. This is a for-sale listing with residential-income configuration considerations under R-2 zoning.
Key Highlights
- Ranch home built in 1969 with CBS/stucco construction and a shingle roof
- Public water and public sewer, plus cable available
- Updated kitchen with newer appliances and a pantry
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
$11,919
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
3.23%
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%
$238,380
$238.4K
Cap Rate 7%
$170,271
$170.3K
Cap Rate 9%
$132,433
$132.4K
Market Conditions
NOI Build-Up for 775 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
$22.7K $29.28/SF
− Vacancy
−$1.0K −$1.32/SF
EGI
$21.7K $27.96/SF
− OpEx
−$9.8K −$12.58/SF
NOI
$11.9K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
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%
$238,380
Cap Rate 7%
$170,271
Cap Rate 9%
$132,433
Alternative Uses
Best Use
Apartment 5plus
$170.3K
$149.0K – $198.7K
NOI $11,919 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$393.2K
$344.0K – $458.7K
NOI $27,523 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 33328, FL
28,997
Population
10,731
Households
2.7
Avg Household Size
40
Median Age
48%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
3,186
Density / Sq Mi
$127,386
Median Household Income
$55,421
Median Earnings
$2,171
Median Rent
$523,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Well-maintained ranch-style income property with recent roof work, updated kitchen, and fenced outdoor space.
Where is this single family property located?
The property is located at 5227 SW 94th Avenue Cooper City, FL.
What is the asking price?
The asking price for this property is $369,500.
What are key features of this property?
This property features: Ranch home built in 1969 with CBS/stucco construction and a shingle roof; Public water and public sewer, plus cable available; Updated kitchen with newer appliances and a pantry
