Well-Maintained Multifamily
For Sale
Contact for pricing
825 Northwest 10th Terrace, Fort Lauderdale, FL 33311
Fully occupied multifamily property in a desirable Fort Lauderdale location.
Property Size8,594 SF
Price / SF$302.54
Days on Market101
Property Features for 825 Northwest 10th Terrace
General Information
Standard status
Active
Size
8,594 SF
Class
C
Property subtype
Multifamily
Zoning
RMM-25
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$182,357
Building Details
Year Built
1958
Year Renovated
2024
Buildings
3
Stories
1
Units
16
Listing Agency:
The Goldstein Group
Listed By:
Russell Goldstein · License #FL 3277603
Source:
Crexi
Added: May 14
Changed: Aug 8
Last Checked: Aug 20 at 8:46PM
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 The Goldstein Group
Investment Insights
Based on property information with market context.
Paradise Villa is a fully occupied multifamily asset located off Sunrise Blvd in Fort Lauderdale. The property features attractive interior finishes and full concrete construction. It is located in a high-demand rental market. The building has a recent roof and offers a low-maintenance structure with easily maintained grounds and off-street parking. Residents have access to fenced common areas, assigned parking spaces, and convenient access to I-95, Downtown Fort Lauderdale, and Florida’s Turnpike. The property is zoned to allow for future development. The property size is 8594 square feet.
Key Highlights
- Desirable and convenient location near Sunrise Blvd in Fort Lauderdale, with easy access to I‑95, Downtown, and Florida’s Turnpike.
- Excellent zoning ideal for future development.
- Full concrete construction offering durability and low maintenance.
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
$129,050
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
4.96%
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%
$2,581,000
$2.6M
Cap Rate 7%
$1,843,571
$1.8M
Cap Rate 9%
$1,433,889
$1.4M
Market Conditions
NOI Build-Up for 8,594 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
$247.5K $28.80/SF
− Vacancy
−$12.9K −$1.50/SF
EGI
$234.6K $27.30/SF
− OpEx
−$105.6K −$12.29/SF
NOI
$129.1K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /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%
$2,581,000
Cap Rate 7%
$1,843,571
Cap Rate 9%
$1,433,889
Alternative Uses
Best Use
Apartment 5plus
$1.84M
$1.61M – $2.15M
NOI $129,050 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.78M
$5.05M – $6.74M
NOI $404,262 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,899
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
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?
Multifamily property - Fully occupied multifamily property in a desirable Fort Lauderdale location.
Where is this multifamily property located?
The property is located at 825 Northwest 10th Terrace Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Desirable and convenient location near Sunrise Blvd in Fort Lauderdale, with easy access to I‑95, Downtown, and Florida’s Turnpike.; Excellent zoning ideal for future development.; Full concrete construction offering durability and low maintenance.
