Duplex With Separate
For Sale
Contact for pricing
Pending
7318-7320 NW 76th Dr, Tamarac, FL 33321
Own a two-unit duplex with separate electric and water meters, plus in-unit washer and dryer and private fenced backyards.
Property Size2,384 SF
Days on Market54
Property Features for 7318-7320 NW 76th Dr
General Information
Standard status
Pending
Size
2,384 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
R-2
Additional Details
Highway Access
Yes
Building Details
Year Built
1973
Units
2
Listing Agency:
Bahia International Realty
Listed By:
Andreina Negron Ocando · License #3275026
Source:
Crexi
Added: Jun 20
Changed: Aug 8
Last Checked: Jul 24 at 2:50PM
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 Bahia International Realty
Investment Insights
Based on property information with market context.
This duplex offers two matching units, each configured as a 3-bedroom, 1-bath layout. The units are supported by separate electric and water meters, which helps keep utility billing independent between occupants. For day-to-day convenience, each unit includes its own washer and dryer. Both homes also feature a fenced backyard, providing outdoor privacy for each side of the property. No HOA restrictions are noted, which can simplify ownership and management decisions.
Located in central Tamarac, the property is positioned close to schools, a hospital, and major highways. The convenience of nearby amenities and transportation routes may be appealing to tenants and owner-occupants alike.
The asset is well suited for an investor looking for a straightforward duplex structure or an owner who wants to live in one unit while renting the other. With independent utilities and in-unit laundry for both sides, the property supports a practical, resident-focused setup that can reduce friction in daily living. If you’re considering a duplex for sale, this configuration provides a clear, functional arrangement for managing two households under one ownership.
Located in central Tamarac, the property is positioned close to schools, a hospital, and major highways. The convenience of nearby amenities and transportation routes may be appealing to tenants and owner-occupants alike.
The asset is well suited for an investor looking for a straightforward duplex structure or an owner who wants to live in one unit while renting the other. With independent utilities and in-unit laundry for both sides, the property supports a practical, resident-focused setup that can reduce friction in daily living. If you’re considering a duplex for sale, this configuration provides a clear, functional arrangement for managing two households under one ownership.
Key Highlights
- Two‑unit duplex built in 1973
- 3/1 and 3/1 unit layout
- Separate electric and water meters for each 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
$39,741
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
6.68%
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%
$794,820
$794.8K
Cap Rate 7%
$567,729
$567.7K
Cap Rate 9%
$441,567
$441.6K
Market Conditions
NOI Build-Up for 2,384 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
$60.1K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$56.8K $23.81/SF
− OpEx
−$17.0K −$7.14/SF
NOI
$39.7K $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%
$794,820
Cap Rate 7%
$567,729
Cap Rate 9%
$441,567
Alternative Uses
Best Use
Multifamily LT 5
$567.7K
$496.8K – $662.4K
NOI $39,741 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$523.8K
$458.3K – $611.1K
NOI $36,664 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,665 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,597
Businesses Nearby
Explore this area
Business Placement
Demographics for 33321, FL
51,011
Population
24,009
Households
2.1
Avg Household Size
48
Median Age
28%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
6,221
Density / Sq Mi
$60,013
Median Household Income
$38,742
Median Earnings
$1,846
Median Rent
$259,200
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 - Own a two-unit duplex with separate electric and water meters, plus in-unit washer and dryer and private fenced backyards.
Where is this duplex located?
The property is located at 7318-7320 NW 76th Dr Tamarac, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1973; 3/1 and 3/1 unit layout; Separate electric and water meters for each unit
