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Coral Springs Office/Warehouse For Sale

11931-11971 NW 37th St Coral Springs, FL

11931-11971 NW 37th St, Coral Springs, FL, 00000
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Class A office/warehouse space in Coral Springs Corporate Park.

Property Size4,300 SF
Lot Size0.05 Acres
Price / SF$199.77
AddedDec 28, 2019
Days on Market2391
Last RefreshMay 20 at 8:47 pm

Property Features for 11931-11971 NW 37th St

General Information

Standard status
Active
Size
4,300 SF
Lot size
0.05 Acres
Property subtype
INDUSTRIAL

Listing office Total Real Estate Consultants Inc

Listing date Dec 28, 2019

Source Moodyscre

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 Total Real Estate Consultants Inc


Investment Insights

Based on property information with market context.

This office/warehouse property is located in Coral Springs Corporate Park, in Broward County, Florida. Situated in the city of Coral Springs, the property can be accessed from Sawgrass Expressway Exit 11. Turn right onto Coral Ridge Drive, then left onto NW 118th Street, and finally left onto NW 37th Street to find the property on the left. The property features Class A space and finishes, with approximately 80% of the space designated for office use and 20% for warehouse or storage. The building provides 14 parking spots and includes 2 roll-up doors. The property size is 4,300 square feet.

Key Highlights

  • Class A office/warehouse space, perfect for a variety of business needs.
  • The space is designed with 80% office and 20% warehouse/storage, offering a flexible layout.
  • Located in the desirable Coral Springs Corporate Park.

Local Financial Insights For Warehouse

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 $87.7k $20.40
− Vacancy −$3.8k −$0.88
EGI $83.9k $19.52
− OpEx −$12.6k −$2.93
NOI $71.4k $16.59
4,300 SF · lease $20.40/SF/yr · vacancy 4.30% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$1.02M
$892.0K – $1.19M (±1% cap)
NOI $71,356 @ 7.0% cap · market cap 8.31%
Second Best
Industrial
$839.5K
$734.6K – $979.4K (±1% cap)
NOI $58,764 @ 7.0% cap · market cap 6.84%
Theoretical Best
Specialty Retail
$7.33M
$6.42M – $8.55M (±1% cap)
NOI $513,292 @ 7.0% cap · market cap 59.75%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Restaurant Real Estate Agency Dental Office Law Firm Hair Salon Hotel & Motel Parking Lot & Garage Spa & Massage Center Cafe & Coffee Shop Food Market

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • NW Storage Units — 3663 NW 124th Ave, Coral Springs, FL 33065
  • Trout Warehouses — 3640 NW 118th Ave, Coral Springs, FL 33065
  • Real Time Moving & Storage — 3701 nw 124th ave, coral springs, fl 33065
  • Life Storage — 3600 NW 124th Ave, Coral Springs, FL 33065
  • Public Storage — 12123 W Sample Rd, Coral Springs, FL 33065

FAQs

What type of property is this?
Warehouse - Class A office/warehouse space in Coral Springs Corporate Park.
Where is this warehouse located?
The property is located at 11931-11971 NW 37th St Coral Springs, FL.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Class A office/warehouse space, perfect for a variety of business needs.; The space is designed with 80% office and 20% warehouse/storage, offering a flexible layout.; Located in the desirable Coral Springs Corporate Park.
Contact an agent
(954) 224-8773 Call to check price and availability
More about this property
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