10428 W State Road 84, Davie, FL 33324

Building Details

Building Size 26,670 SF More

Year Built 2016 More

Listing Agency: SF Realty Advisors, LLC.

Listed By: Alejo Aguirre Saravia · License #3428691 Show Phone

Source: Thekayangroup

Added: Sep 10 Changed: Nov 7 Last Checked: Nov 8 at 2:35PM

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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 SF Realty Advisors, LLC.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 3,927-square-foot flex property combines open warehouse space with approximately 400 square feet of finished, air-conditioned office area and a private restroom. The warehouse itself is not air-conditioned. A 19-foot ceiling and one 10-by-12-foot street-level overhead door serve the warehouse, and three assigned parking spaces are provided. The building dates to 2016.

The property offers access to I-595, Florida’s Turnpike, Port Everglades, and Fort Lauderdale-Hollywood International Airport. Proposed uses require approval from the landlord, condominium association, and applicable governmental authorities.

Key Highlights

• 3,927 square feet of flex space
• 19‑foot warehouse ceiling
• One 10' x 12' street‑level overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$270,671

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,413,420 $5.4M

Cap Rate 7%

$3,866,729 $3.9M

Cap Rate 9%

$3,007,456 $3.0M

What to ask about pricing

Market Conditions

NOI Build-Up for 26,670 SF

Gross rent

$428.9K $16.08/SF

− Vacancy

−$12.4K −$0.47/SF

EGI

$416.4K $15.61/SF

− OpEx

−$145.7K −$5.46/SF

NOI

$270.7K $10.15/SF

Area

Davie, FL

Vacancy

2.90%

Lease Rate

$16.08 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,413,420

Cap Rate 7%

$3,866,729

Cap Rate 9%

$3,007,456

Alternative Uses

Best Use

Warehouse

$5.06M

$4.42M – $5.90M (±1% cap)

NOI $353,954 @ 7.0% cap · market cap 4,274.81%

Second Best

Industrial

$4.16M

$3.64M – $4.86M (±1% cap)

NOI $291,492 @ 7.0% cap · market cap 3,520.43%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Restaurant Dental Office Law Firm Auto Repair Shop Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

510

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 33324, FL

46,766

Population

22,375

Households

2.1

Avg Household Size

41

Median Age

45%

College-Educated

94%

High-School Grad

9.0 sq mi

ZIP Area

5,196

Density / Sq Mi

$83,678

Median Household Income

$45,560

Median Earnings

$2,152

Median Rent

$350,500

Median Home Value

Market

Average Price Trend$/SF for Flex space in Broward County, FL

$256 Jul

$282 Aug

$317 Sep

$317 Oct

Properties on Market for Flex space in Broward County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• Chef Kerv on Wheels — 9100 W State Rd 84, Davie, FL 33324
• Enticing Catering — 10220 W State Rd 84 STE 3, Davie, FL 33324
• Tastebuds Food Service, Inc. — 150 S Pine Island Rd Suite 300, Plantation, FL 33324
• Simply Scrumptious Catering — 10141 W Broward Blvd, Plantation, FL 33324

Frequently Asked Questions

What type of property is this?

Flex space - Warehouse space includes a finished, climate-controlled office, private restroom, and street-level overhead door.

Where is this flex space located?

The property is located at 10428 W State Road 84 Davie, FL.

What are key features of this property?

This property features: 3,927 square feet of flex space; 19‑foot warehouse ceiling; One 10' x 12' street‑level overhead door