$2,800,000
8430 NW 40th Street
Coral Springs, FL 33065
Explore the area: Coral Springs homes for sale · Broward County real estate
Price Check
How this price compares
- Asking price
- $2,800,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 49
This commercial property in ZIP 33065 went under contract with an asking price of $2,800,000. It spent 49 days on the market before going under contract.
Estimated monthly payment
$14,715 /mo
Principal and interest only, based on $560,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $2,800,000
- Days on Site
- 49 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 9,507 sqft
- Lot Size
- 0.79 Acres
- Year Built
- 1972
- Property Type
- Commercial
- MLS #
- A12037111
- Property Tax
- $63,325
- County
- Broward
- Status
- Under Contract
About This Property
Coral Flats is a 14 unit multifamily investment opportunity located at 8430 NW 40th Street in Coral Springs, Florida. Built in 1972 with durable concrete construction, the property sits on 0.79 acres and consists of 6 one bedroom units and 8 two bedroom/one bath units, averaging 679 square feet. Coral Flats is currently 100% occupied with average in place rents of $1,734 per unit, reflecting strong intrinsic demand and stable tenancy.Ideally positioned in the heart of Coral Springs, the property is surrounded by affluent demographics and some of the highest rated public schools in Broward County. Withina three-mile radius, the average household income is $98,000, which supports market rents of approximately $2,450 per month using a standard 30% rent to income ratio. The surrounding neighborhood is predominantly composed of condominiums and single family homes, enhancing the property’s appeal to quality renters seekingstability and strong school zones.With in-place rents below market, Coral Flats offers a clear value-add opportunity. A light interior renovation program—estimated at $10,000 per unit—would allow a new owner to modernize finishes and capture approximately $33,000 of rental upside. Post renovation rents are projected at $1,700 for one bedroom units and $2,100 for two bedroom units, or an average of $1,930 per unit. Six units are already equipped with in unit washers and dryers, providing an additional competitive advantage.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Under Contract
- Year Built
- 1972
- Number of Stories
- 1
- Lot Size (Acres)
- 0.79
- Total Sq Ft
- 9,507
- Zoning
- RM-20
Community & HOA
- Financing Terms
- Cash / Conventional
- MLS Area
- 3622
About the Area
Browse Coral Springs homes for sale across every neighborhood and price point in Broward. Available homes span single-family, townhome, and condo segments throughout the city. Coral Springs includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Broward, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Broward market data, see Florida Realtors' monthly statistics. Browse the latest Coral Springs listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 601
- Median List Price
- $285,000
- Median $/Sq Ft
- $245
- Avg Days on Market
- 115
Frequently Asked Questions
- How do I schedule a tour of 8430 NW 40th Street, Coral Springs, FL 33065?
- Use the Tour button on this listing to request a showing of 8430 NW 40th Street, Coral Springs, FL 33065. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 8430 NW 40th Street, Coral Springs, FL 33065 still available?
- 8430 NW 40th Street, Coral Springs, FL 33065 is currently listed as Under Contract, and has been on the market 49 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 8430 NW 40th Street, Coral Springs, FL 33065?
- With 20% down ($560,000) on the $2,800,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 8430 NW 40th Street, Coral Springs, FL 33065 is about $14,715/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 8430 NW 40th Street, Coral Springs, FL 33065?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 8430 NW 40th Street, Coral Springs, FL 33065. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 8430 NW 40th Street, Coral Springs, FL 33065?
- Often, yes. The right offer on 8430 NW 40th Street, Coral Springs, FL 33065 depends on how it's priced against comparable commercial sales in Coral Springs, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of CBRE, Inc.
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$2,800,000
Interested in This Property?
Contact us to schedule a showing or ask a question.
Own a home near this one? See what it would sell for today
Listed by Periklis Synanidis, CBRE, Inc.
Map & Location
Featured Communities
Cities in Broward County
Zip Codes in Broward County
Property Types
Recent Sales
Recently sold homes in ZIP 33065
These are the last 6 recorded closings in ZIP 33065, with the price each home actually sold for rather than what it was listed at. They closed at a median of $223 per square foot. The most recent closed on October 9, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$720,000
Sold · October 9, 2026
3023 NW 123rd Avenue
4 bed · 2.5 bath · 2,006 sqft · $359/sqft
$25,500 under the asking price
Sold$106,000
Sold · October 9, 2026
4139 NW 88th Avenue 104
1 bed · 1.5 bath · 680 sqft · $156/sqft
$4,000 under the asking price
Sold$171,000
Sold · October 8, 2026
3212 NW 102nd Terrace 203-F
2 bed · 2 bath · 767 sqft · $223/sqft
$14,000 under the asking price
Sold$154,900
Sold · October 8, 2026
2850 Forest Hills Boulevard 212
2 bed · 2 bath · 1,168 sqft · $133/sqft
Sold$750,000
Sold · October 7, 2026
10170 NW 39th Court
4 bed · 2 bath · 1,724 sqft · $435/sqft
$49,999 under the asking price
Sold$160,000
Sold · October 7, 2026
8921 NW 28th Drive 62
1 bed · 3.5 bath · 950 sqft · $168/sqft
$10,000 under the asking price
See every recorded sale in ZIP 33065 or find out what your ZIP 33065 home is worth.
