Triplex Residential Income
For Sale
$699,900
5311 NW 16th Street, Lauderhill, FL 33313
For sale triplex in Lauderhill, Florida, offered as a residential income property.
Property Size2,250 SF
Price / SF$311.07
Days on Market42
Property Features for 5311 NW 16th Street
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Triplex
Building Details
Year Built
1969
Listing Agency:
Realty One Group Evolution
(786) 477-4715
Listed By:
Sergio Arcila · License #3085829
Source:
Lehmannflorida
Added: Jul 13
Changed: Aug 23
Last Checked: Aug 23 at 8:27AM
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 Realty One Group Evolution
Investment Insights
Based on property information with market context.
This For Sale triplex is positioned as a residential income property and includes three units within a single multi-family building. The property is listed at $699,900 and is represented with a total size of 2,250 square feet.
Located at 5311 NW 16th St in Lauderhill, Florida (33313), the asset provides a straightforward multi-unit residential configuration for buyers seeking a triplex format.
Located at 5311 NW 16th St in Lauderhill, Florida (33313), the asset provides a straightforward multi-unit residential configuration for buyers seeking a triplex format.
Key Highlights
- Triplex for sale in Lauderhill, Florida
- Built in 1969
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
$37,507
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
5.36%
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%
$750,140
$750.1K
Cap Rate 7%
$535,814
$535.8K
Cap Rate 9%
$416,744
$416.7K
Market Conditions
NOI Build-Up for 2,250 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
$56.7K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$53.6K $23.81/SF
− OpEx
−$16.1K −$7.14/SF
NOI
$37.5K $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%
$750,140
Cap Rate 7%
$535,814
Cap Rate 9%
$416,744
Alternative Uses
Best Use
Multifamily LT 5
$535.8K
$468.8K – $625.1K
NOI $37,507 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$494.3K
$432.5K – $576.7K
NOI $34,603 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.14M
$998.8K – $1.33M
NOI $79,906 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - For sale triplex in Lauderhill, Florida, offered as a residential income property.
Where is this triplex located?
The property is located at 5311 NW 16th Street Lauderhill, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Triplex for sale in Lauderhill, Florida; Built in 1969
