Value-Add Apartment
8430 NW 40th St Coral Springs, FL 33065
For Sale
Contact for pricing
Apartment building with 14 units offered for sale in Coral Springs, Florida.
Property Size9,507 SF
Price / SF$315.56
Days on Market130
Property Features for 8430 NW 40th St
General Information
- Standard status
- Active
- Size
- 9,507 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing Agency:
CBRE - Fort Lauderdale
Listed By:
Periklis Synanidis · License #3363966
Source:
Crexi
Added: Mar 16
Changed: Jul 21
Last Checked: Jul 21 at 10:27AM
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 CBRE - Fort Lauderdale
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $288.6k | $30.36 |
| − Vacancy | −$13.0k | −$1.37 |
| EGI | $275.6k | $28.99 |
| − OpEx | −$124.0k | −$13.05 |
| NOI | $151.6k | $15.95 |
9,507 SF · lease $30.36/SF/yr · vacancy 4.50% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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
