5960 SW 23rd St, West Park, FL 33023
Industrial, Detached - West Park, FL
- Added:
- Apr 21, 2026
- Days on Market:
- 53
- Last Refresh:
- Jun 12 at 5:06 am
Property Features for 5960 SW 23rd St
General Information
- Property type
- Commercial Sale
- Property subtype
- Industrial
- Zoning
- TOC
- Parking
- 11
- Parking features
- Assigned
- Security features
- Fire Sprinkler System
- Interior features
- Fire Sprinkler System
- Standard status
- Active
- APN
- 514124021130
- Size
- 6,000 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 19683
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1967
- Number of units
- 4
- Flooring type
- Concrete
- Building materials
- Block
- Roof type
- Concrete
- Architectural style
- Other
Listing agent Ricky Kallabat PA License #3254287 (305) 747-5117
Listing office Keller Williams Capital Realty 550 Biltmore Way, Coral Gables, FL (305) 662-7325
Listing date Apr 21, 2026
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Grandfathered for mechanic/auto repair use, offering immediate operational advantages.
- Six‑bay industrial layout (±6,000 SF) with high ceilings (16’ clear) and roll‑up doors, suitable for various businesses.
- Prime location off State Road 7, providing excellent visibility and access to major highways (I‑95, Florida Turnpike).
- Renovated with a new concrete roof (installed in 2020), ensuring structural integrity.
- Multiple electrical meters (four) and Phase 3 electrical service, supporting high power demands.
- Tenant‑occupied investment asset with potential for a 7%+ cap rate, offering immediate income.
Overview
Local Financial Insights For Office B
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 | $273.6k | $45.60 |
| − Vacancy | −$61.6k | −$10.26 |
| EGI | $212.0k | $35.34 |
| − OpEx | −$53.0k | −$8.84 |
| NOI | $159.0k | $26.51 |
Alternative Uses
Current Use by Public Records
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Map
- City
- West Park
- County
- Broward
- State
- Florida
- Longitude
- -80.2144
- Latitude
- 25.9895
