Triplex with Updated
For Sale
$975,000
Pending
9891 NW 33rd St, Coral Springs, FL 33065
Three distinct living configurations share one building with individual cooling systems and in-unit laundry equipment.
Property Size5,600 SF
Days on Market2192
Property Features for 9891 NW 33rd St
General Information
Standard status
Pending
Size
5,600 SF
Property subtype
General Commercial
Units
Unit Mix
1 x 2BR, 1 x 3BR, 1 x two story townhouse
Multifamily Units
3
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$16,735
Amenities
mosaic table & seating
3
12 Parking Spaces.
Building Details
Year Built
1990
Buildings
1
Listing Agency:
Keller Williams Realty CS
(954) 688-5400
Listed By:
Rosaria Catinella · License #3043543
(954) 822-0183
Source:
Xome
Added: Sep 5, 2020
Changed: Aug 29
Last Checked: Aug 29 at 4:14PM
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 Keller Williams Realty CS
Investment Insights
Based on property information with market context.
This 5,600-square-foot triplex, built in 1990, combines a two-bedroom unit, a three-bedroom unit, and a two-story townhouse within one building. Unit amenities include stackable washer/dryer sets, refrigerators, stove/ovens, dishwashers, water heaters, and A/C systems. The townhouse includes a full-size washer/dryer, garbage disposal, and split A/C system. A front mosaic table and seating area provides shared outdoor space, while the property also features flood lights and a sprinkler system supplied by well water.
The property is located at 9891 NW 33rd St in Coral Springs, within the city center commercial section. Downtown renovation and revitalization activity is currently in progress. Exterior improvements include a Spanish tile roof installed 7 years ago and gutters installed approximately 3 years ago. The property includes 12 parking spaces, and the A/C units are regularly serviced and range from 1–8 years old.
The property is located at 9891 NW 33rd St in Coral Springs, within the city center commercial section. Downtown renovation and revitalization activity is currently in progress. Exterior improvements include a Spanish tile roof installed 7 years ago and gutters installed approximately 3 years ago. The property includes 12 parking spaces, and the A/C units are regularly serviced and range from 1–8 years old.
Key Highlights
- Three‑unit configuration with 2‑bedroom, 3‑bedroom, and two‑story townhouse layouts
- 5,600 SF building constructed in 1990
- 12 parking spaces
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
$89,301
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
9.16%
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%
$1,786,020
$1.8M
Cap Rate 7%
$1,275,729
$1.3M
Cap Rate 9%
$992,233
$992.2K
Market Conditions
NOI Build-Up for 5,600 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
$170.0K $30.36/SF
− Vacancy
−$7.7K −$1.37/SF
EGI
$162.4K $28.99/SF
− OpEx
−$73.1K −$13.05/SF
NOI
$89.3K $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 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%
$1,786,020
Cap Rate 7%
$1,275,729
Cap Rate 9%
$992,233
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,817 @ 7.0% cap · market cap 9.93%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,301 @ 7.0% cap · market cap 9.16%
Theoretical Best
Specialty Retail
$9.55M
$8.36M – $11.14M
NOI $668,473 @ 7.0% cap · market cap 68.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,558
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three distinct living configurations share one building with individual cooling systems and in-unit laundry equipment.
Where is this triplex located?
The property is located at 9891 NW 33rd St Coral Springs, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three‑unit configuration with 2‑bedroom, 3‑bedroom, and two‑story townhouse layouts; 5,600 SF building constructed in 1990; 12 parking spaces
