Duplex With Separate
For Sale
$629,000
7387 Northwest 76th Street, Tamarac, FL 33321
Each residence includes its own laundry equipment and separately metered electrical service.
Property Size2,458 SF
Price / SF$255.90
Days on Market221
Property Features for 7387 Northwest 76th Street
General Information
Standard status
Active
Size
2,458 SF
Property subtype
Multi-Family Income / Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,151
Amenities
washer and dryer
Building Details
Year Built
1980
Buildings
1
Listing Agency:
First Home Realty and Inv.
(786) 277-0790
Listed By:
Reynald Sanon · License #0687702
(786) 277-0790
Source:
Compass
Added: Jan 21
Changed: Aug 29
Last Checked: Aug 29 at 2:29PM
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 First Home Realty and Inv.
Investment Insights
Based on property information with market context.
This 1980-built duplex contains two residences totaling 2,458 square feet. Each unit has its own washer and dryer, along with an individual water heater and electric meter, supporting distinct household operations within the property.
The building occupies a corner lot in Tamarac, with schools, major highways, and a hospital located nearby. The site also includes a backyard with tropical-style landscaping.
The building occupies a corner lot in Tamarac, with schools, major highways, and a hospital located nearby. The site also includes a backyard with tropical-style landscaping.
Key Highlights
- Two‑unit duplex totaling 2,458 square feet
- Built in 1980
- Separate electric 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
$40,974
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
6.51%
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%
$819,480
$819.5K
Cap Rate 7%
$585,343
$585.3K
Cap Rate 9%
$455,267
$455.3K
Market Conditions
NOI Build-Up for 2,458 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
$61.9K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$58.5K $23.81/SF
− OpEx
−$17.6K −$7.14/SF
NOI
$41.0K $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%
$819,480
Cap Rate 7%
$585,343
Cap Rate 9%
$455,267
Alternative Uses
Best Use
Multifamily LT 5
$585.3K
$512.2K – $682.9K
NOI $40,974 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$540.0K
$472.5K – $630.0K
NOI $37,802 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,293 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,495
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 - Each residence includes its own laundry equipment and separately metered electrical service.
Where is this duplex located?
The property is located at 7387 Northwest 76th Street Tamarac, FL.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,458 square feet; Built in 1980; Separate electric meters for each unit
