Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Coral Springs Office/Warehouse For Sale Title is generated by Realmo AI

    11931-11971 NW 37th St, Coral Springs, FL

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Class A office/warehouse space in Coral Springs Corporate Park.

    Type:OFFICE
    Property size:
    4,300 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $199/SF
    Added:
    Dec 28, 2019
    Days on Market:
    2346
    Last Refresh:
    May 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
    OFFICE

    We can help!

    Listing Contact
    Joe Pelayo
    Joe Pelayo

    Listing agent Joe Pelayo License #3005451

    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

    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.
    • Features 14 parking spots.
    • Includes 2 roll up doors for convenient access to the warehouse area.
    • Enjoy easy access to Sawgrass Expressway (Exit 11).

    Overview

    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.

    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.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2854
    Latitude
    26.2775

    Nearby Similar for Sale

    • $1,595,000
      5,004 SF

      Coral Springs Industrial Office/Warehouse

      Modern, two-story light industrial office/warehouse in a prime location.
      3650 Coral Ridge Drive, Coral Springs, FL 33065
      View Details
    • $1,395,000
      4,323 SF

      Coral Springs Industrial Office/Warehouse

      Modern, two-story light industrial office/warehouse in a prime location.
      3650 Coral Ridge Drive, Coral Springs, FL 33065
      View Details
    • $1,626,400
      4,066 SF

      Medical/Office Space in Coral Springs

      Spacious medical/office space with flexible design and ample parking.
      11780 W Sample Road, Coral Springs, FL 33065
      View Details
    • $540,000
      1,699 SF

      Move-in Ready Medical/Office Condo

      Second-floor condo with elevator access, suitable for medical or office.
      2929 N University Drive, Coral Springs, FL 33065
      View Details
    • $770,400
      7,062 SF

      Coral Springs Commercial Medical Space

      Spacious corner office, approved for medical uses, excellent natural light.
      11780 W Sample Road, Coral Springs, FL 33065
      View Details
    • $579,000
      1,516 SF

      Completely Redone Executive Office Suite

      Turnkey office suite in Coral Springs, ready for immediate occupancy.
      7301 Wiles Road, Coral Springs, FL 33067
      View Details
    • $1,050,000
      2,450 SF

      Coral Springs Office Condo For Sale

      2,450 sqft office condo in Coral Springs Professional Campus.
      5531 N University Drive, Coral Springs, FL 33067
      View Details
    • $1,790,000
      5,387 SF

      Coral Springs Multifamily Investment Opportunity

      Well-maintained six-unit property with value-add potential in Coral Springs.
      10201 NW 35th Street, Coral Springs, FL 33065
      View Details
    • $1,399,000
      3,195 SF

      Coral Springs Four-Unit Multifamily Property

      Turnkey four-unit property with modern upgrades and amenities in Coral Springs.
      7521 NW 44th Court, Coral Springs, FL 33065
      View Details
    • $1,695,000
      3,831 SF

      Renovated Quadplex in Coral Springs

      Fully renovated quadplex with immediate rental income potential.
      11500-11506 NW 43rd Court, Coral Springs, FL 33065
      View Details
    • $2,600,000
      6,536 SF

      Medical Office Building in Coral Springs

      Free-standing building suitable for medical or office use.
      11784 W Sample Road, Coral Springs, FL
      View Details
    • $2,350,000
      8,154 SF

      Coral Springs Multifamily Investment Opportunity

      Well-maintained, fully rented 8-unit multifamily building in prime location.
      11676 NW 45th Street, Coral Springs, FL 33065
      View Details

    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.
    (954) 224-8773 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Pelayo
    Joe Pelayo
    Real Estate License ID: 3005451
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11931-11971 NW 37th St, Coral Springs, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!