Value-Add Apartment
For Sale
Contact for pricing
Pending
8430 NW 40th St, Coral Springs, FL 33065
Apartment building with 14 units offered for sale in Coral Springs, Florida.
Property Size9,507 SF
Days on Market221
Property Features for 8430 NW 40th St
General Information
Standard status
Pending
Size
9,507 SF
Total Parking Spaces
24
Property subtype
Multifamily
Occupancy
93%
Investment Type
Value Add
Building Details
Year Built
1972
Buildings
1
Stories
1
Units
14
Listing Agency:
CBRE - Fort Lauderdale
Listed By:
Periklis Synanidis · License #3363966
(352) 278-7572
Source:
Crexi
Added: Mar 16
Changed: Oct 7
Last Checked: Oct 20 at 8:24PM
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 CBRE - Fort Lauderdale
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Investment Insights
Based on property information with market context.
Coral Flats is a value-add apartment building offered for sale with 14 units. The property is positioned as a residential income asset suitable for buyers looking at opportunities to enhance performance.
The offering is located at 8430 NW 40th St in Coral Springs, Florida.
At this time, additional details such as unit mix, interior condition, or specific improvements are not provided in the available materials.
The offering is located at 8430 NW 40th St in Coral Springs, Florida.
At this time, additional details such as unit mix, interior condition, or specific improvements are not provided in the available materials.
Key Highlights
- Apartment building built in 1972
- 14‑unit multifamily property offered for sale in Coral Springs, FL
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,604
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,032,080
$3.0M
Cap Rate 7%
$2,165,771
$2.2M
Cap Rate 9%
$1,684,489
$1.7M
Market Conditions
NOI Build-Up for 9,507 SF
Gross rent
$288.6K $30.36/SF
− Vacancy
−$13.0K −$1.37/SF
EGI
$275.6K $28.99/SF
− OpEx
−$124.0K −$13.05/SF
NOI
$151.6K $15.95/SF
Area
Coral Springs, FL
Vacancy
4.50%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,032,080
Cap Rate 7%
$2,165,771
Cap Rate 9%
$1,684,489
Alternative Uses
Best Use
Apartment 5plus
$2.17M
$1.90M – $2.53M
NOI $151,604 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$16.21M
$14.19M – $18.91M
NOI $1,134,853 @ 7.0% cap · market cap 37.83%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,390
Businesses Nearby
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Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with 14 units offered for sale in Coral Springs, Florida.
Where is this apartment building located?
The property is located at 8430 NW 40th St Coral Springs, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Apartment building built in 1972; 14‑unit multifamily property offered for sale in Coral Springs, FL
