Leased Warehouse near Major
For Sale
$1,100,000
108-20841 Johnson St, Pembroke Pines, FL
3,000 SF warehouse is currently leased with about three years remaining, offering access to major highways.
Property Size3,000 SF
Price / SF$366.67
Days on Market150
Property Features for 108-20841 Johnson St
General Information
Standard status
Active
Size
3,000 SF
Additional Details
Business Included
No
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,939
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Elkin Sanchez · License #3554939
(954) 589-8763
Source:
Exprealty
Added: Jun 1
Changed: Oct 27
Last Checked: Oct 26 at 4:28PM
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 LPT Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a warehouse with approximately 3,000 square feet, available for sale at 108-20841 Johnson St in Pembroke Pines, FL. The unit is currently leased, with approximately three years remaining on the existing lease, providing an investor with immediate occupancy.
The property is positioned in West Pembroke Pines and described as being located near major highways, supporting convenient access for distribution and day-to-day logistics. With industrial warehouse ownership opportunities reportedly becoming more limited in the area, this offering is presented as a turnover-ready option for buyers seeking a leased, income-producing warehouse asset with long-term hold potential.
The property is positioned in West Pembroke Pines and described as being located near major highways, supporting convenient access for distribution and day-to-day logistics. With industrial warehouse ownership opportunities reportedly becoming more limited in the area, this offering is presented as a turnover-ready option for buyers seeking a leased, income-producing warehouse asset with long-term hold potential.
Key Highlights
- 3,000 SF warehouse currently leased
- Lease has approximately 3 years remaining
- Access to major highways for convenient transportation and visibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,064
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,280
$881.3K
Cap Rate 7%
$629,486
$629.5K
Cap Rate 9%
$489,600
$489.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$2.2K −$0.72/SF
EGI
$51.8K $17.28/SF
− OpEx
−$7.8K −$2.59/SF
NOI
$44.1K $14.69/SF
Area
Pembroke Pines, FL
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,280
Cap Rate 7%
$629,486
Cap Rate 9%
$489,600
Alternative Uses
Best Use
Warehouse
$629.5K
$550.8K – $734.4K
NOI $44,064 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,194 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - 3,000 SF warehouse is currently leased with about three years remaining, offering access to major highways.
Where is this warehouse located?
The property is located at 108-20841 Johnson St Pembroke Pines, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,000 SF warehouse currently leased; Lease has approximately 3 years remaining; Access to major highways for convenient transportation and visibility
