Lauderhill Warehouse with Flexible
For Sale
Contact for pricing
1109 NW 31st Ave, Lauderhill, FL
Warehouse with excellent street exposure and flexible lease terms.
Property Size7,381 SF
Lot Size0.41 Acres
Price / SF$325.16
Days on Market382
Property Features for 1109 NW 31st Ave
General Information
Standard status
Active
Size
7,381 SF
Lot size
0.41 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Level Realty
(973) 738-9399
Listed By:
William Bonomo · License #3488299
(973) 738-9399
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Aug 10
Last Checked: Aug 29 at 4:25PM
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 Level Realty
Investment Insights
Based on property information with market context.
This 7,381 square foot property is located in Lauderhill, Florida. It offers excellent street exposure directly off Sunrise Boulevard. The property features ample on-site parking for staff and customers, along with 12 roll-up doors to facilitate logistics. It provides quick access to I-95 and Florida’s Turnpike and is located minutes from Port Everglades. The location is also close to Tri-Rail and Brightline stations, providing additional transportation options. The property's tenants have leases that are bilaterally cancelable no later than 30 days prior to the end of the term. The property is situated near busy W Sunrise Blvd, offering easy access to the Fort Lauderdale market. The property can be used as a warehouse, industrial property, or flex space.
Key Highlights
- Excellent street exposure directly off Sunrise Blvd.
- Ample on‑site parking for staff and customers
- 12 roll‑up doors for seamless logistics
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$162,352
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,247,040
$3.2M
Cap Rate 7%
$2,319,314
$2.3M
Cap Rate 9%
$1,803,911
$1.8M
Market Conditions
NOI Build-Up for 7,381 SF
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.
Gross rent
$265.7K $36.00/SF
− Vacancy
−$15.9K −$2.16/SF
EGI
$249.8K $33.84/SF
− OpEx
−$87.4K −$11.84/SF
NOI
$162.4K $22.00/SF
Area
Broward County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,247,040
Cap Rate 7%
$2,319,314
Cap Rate 9%
$1,803,911
Alternative Uses
Best Use
Flex RnD
$2.32M
$2.03M – $2.71M
NOI $162,352 @ 7.0% cap · market cap 6.76%
Second Best
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,758 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$3.74M
$3.28M – $4.37M
NOI $262,128 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,623
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Public Storage — 4811 N University Dr, Lauderhill, FL 33351
- Public Storage — 8560 W Commercial Blvd, Sunrise, FL 33351
- Record Nations — 7860 W Commercial Blvd UNIT A-5, Lauderhill, FL 33351
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with excellent street exposure and flexible lease terms.
Where is this warehouse located?
The property is located at 1109 NW 31st Ave Lauderhill, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Excellent street exposure directly off Sunrise Blvd.; Ample on‑site parking for staff and customers; 12 roll‑up doors for seamless logistics
