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    Joe Pelayo, Coral Springs, FL

    License ID: 3005451
    Years of Experience
    16

    Service Locations

    Contact details

    Phone:
    (954) 551-9427
    Office Address:
    11760 W Sample Road Suite # 104, Coral Springs, FL 33065

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Land

    Performance

    Listings
    25
    Total transactions
    276
    Total transactions amount
    $143M
    Price range
    $345k - 777k
    Average price
    $518k

    Listings

    For Sale (20)

    View map
    • Contact for pricing

      Tamarac Retail Space For Lease

      1,600 SF retail space with high traffic and natural light.
      5820 N University Dr, Tamarac, FL 33321
      View Details
    • Contact for pricing

      Sunrise Office Unit For Sale

      Corner office unit in Sawgrass International Corporate Park.
      1351 Sawgrass Corporate Pkwy Unit, Sunrise, FL 33323
      View Details
    • Contact for pricing

      Storefront on High-Traffic Corner

      Storefront office/retail space on corner of Atlantic and State.
      525 N State Road 7, Margate, FL 33063
      View Details
    • Contact for pricing
      2.01 Acres

      Sunrise Industrial Space For Lease

      6,500+ SF Warehouse, Short-Term Lease
      5365 Hiatus Rd, Sunrise, FL 33351
      View Details
    • $1,367,500
      966 SF

      Retail/Office Condo in Plaza Americas

      Spacious retail/office condo in high-traffic area, easily divisible.
      100 N State Rd 7, Margate, FL
      View Details
    • Contact for pricing
      11,331 SF

      Renovated Lab and Office Building

      11,331 SF renovated lab and office building for sale.
      1001 NE 125Th Ter, North Miami, FL 33161
      View Details
    • $2,361,625
      3,300 SF

      Pompano Beach Warehouse Space

      Clean 3,300 SF office/warehouse space for lease.
      1081 NW 31St Ave, Pompano Beach, FL 33069
      View Details
    • $499,000
      2,041 SF

      Medical Office For Sale

      Medical office in excellent condition, well-located near major highways.
      433-481 NW Prima Vista Blvd, Port Saint Lucie, FL 34983
      View Details
    • Contact for pricing
      1,775 SF

      Restaurant & Café For Sale

      Turnkey restaurant opportunity in Pompano Beach with existing equipment.
      1141 W Mcnab Rd, Pompano Beach, FL 33069
      View Details
    • $859,000
      4,300 SF

      Coral Springs Office/Warehouse For Sale

      Class A office/warehouse space in Coral Springs Corporate Park.
      11931-11971 NW 37Th St, Coral Springs, FL 33065
      View Details
    • $1,550,000
      6,926 SF

      Coral Springs Office/Warehouse For Sale

      6,926 SF office/warehouse with ramp and drive-in door.
      12438 Wiles Rd, Coral Springs, FL
      View Details
    • $5,100,000
      5,550 SF

      Coral Springs Office/Warehouse For Sale

      Office/warehouse in Coral Springs Corporate Park with easy highway access.
      11917-11929 W Sample Rd, Coral Springs, FL
      View Details
    • Contact for pricing
      66,375 SF

      Cooper City Land For Sale

      Premium frontage land on Griffin Road, Cooper City, Florida.
      Griffin Rd, Cooper City, FL
      View Details
    • $1,190,000
      3,010 SF

      Development Site in Fort Lauderdale

      1.135 acre land for development with redesigned plans.
      3939 Powerline Rd, Fort Lauderdale, FL 33309
      View Details
    • $6,468,000
      861,000 SF

      Orlando Land Near SeaWorld

      19.77 acres of land for sale near SeaWorld.
      11101 International Dr, Orlando, FL 32821
      View Details
    • $2,998,000

      Dania Beach Development Opportunity

      Land suitable for 9-12 story development in Dania Beach.
      400 NW 1St St, Dania, FL 33004
      View Details
    • Contact for pricing

      Coral Springs Warehouse with A/C

      3,700 SF warehouse with A/C in Coral Springs Corporate Park.
      11917 W Sample Rd, Coral Springs, FL 33065
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Professional office space in Coconut Creek, ideal for various users.
      4851 W Hillsboro Blvd, Coconut Creek, FL 33073
      View Details
    • $985,000

      Coral Springs Flex Space Available

      Two flex units for sale in Coral Springs Corporate Park.
      3660 NW 126Th Ave, Coral Springs, FL 33065
      View Details
    • $449,900

      Office Space with Natural Light

      Second-floor office space suitable for various office users.
      3932 Coral Ridge Dr, Coral Springs, FL 33065
      View Details

    For Lease (5)

    View map
    • $19 SF/Yr
      2,300 SF

      Coconut Creek Retail/Office Space

      2,300 SF Coconut Creek retail/office space for lease.
      5450 W Hillsboro Blvd, Coconut Creek, FL 33073
      View Details
    • $13,950 /Mo
      7,602 SF

      Pompano Beach Freestanding Warehouse

      7602 SF office/warehouse in Pompano Beach's East Coast Industrial Park.
      610 NE 29Th St, Pompano Beach, FL 33064
      View Details
    • Contact for pricing
      3,000 SF

      Fort Lauderdale Office Space Available

      3000 SF office space with ample parking for lease.
      2830 E Oakland Park Blvd, Fort Lauderdale, FL 33334
      View Details
    • Contact for pricing

      Corner Unit Office/Warehouse For Lease

      Two-story, 2,000 SF office/warehouse in Coral Springs Corporate Park.
      3744 Nw 124Th Ave, Coral Springs, FL 33071
      View Details
    • $3,300 /Mo

      Coral Springs Corporate Park Office

      Professional office space for lease in Coral Springs Corporate Park.
      3924 Coral Ridge Dr, Coral Springs, FL 33065
      View Details

    Leases and Sales on Map

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    • For Lease

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    Joe Pelayo, Coral Springs, FL
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Joe Pelayo, Coral Springs, FL
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