Freestanding Flex Space
For Sale
$2,380,952
6115 Northwest 77th Way, Tamarac, FL 33321
5,383 SF flex property on 1 acre for rent.
Property Size5,383 SF
Lot Size1.00 Acre
Price / SF$442.31
Days on Market152
Property Features for 6115 Northwest 77th Way
General Information
Standard status
Active
Size
5,383 SF
Lot size
1.00 Acre
Property subtype
FlexIndustrial
Listing Agency:
CBRE | Fort Lauderdale
(954) 394-4807
Listed By:
Helen Weissman
(954) 394-4807
Source:
Cbre
Added: Mar 25
Changed: Aug 14
Last Checked: Aug 23 at 5:02AM
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 CBRE | Fort Lauderdale
Investment Insights
Based on property information with market context.
A 5,383 square foot freestanding flex property is available for rent. The property is situated on 1 acre. The warehouse space features an 18-inch clear ceiling height, while the office space offers a 16-foot ceiling height. The property is centrally located off North University Drive and Commercial Boulevard, surrounded by businesses and in close proximity to various amenities.
Key Highlights
- Freestanding property on 1 acre
- 5,383 SF total space
- 18' clear ceiling height in warehouse
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
$118,404
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
4.97%
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%
$2,368,080
$2.4M
Cap Rate 7%
$1,691,486
$1.7M
Cap Rate 9%
$1,315,600
$1.3M
Market Conditions
NOI Build-Up for 5,383 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
$193.8K $36.00/SF
− Vacancy
−$11.6K −$2.16/SF
EGI
$182.2K $33.84/SF
− OpEx
−$63.8K −$11.84/SF
NOI
$118.4K $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%
$2,368,080
Cap Rate 7%
$1,691,486
Cap Rate 9%
$1,315,600
Alternative Uses
Best Use
Flex RnD
$1.69M
$1.48M – $1.97M
NOI $118,404 @ 7.0% cap · market cap 4.97%
Second Best
Industrial
$830.2K
$726.4K – $968.6K
NOI $58,113 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,172 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33321, FL
51,011
Population
24,009
Households
2.1
Avg Household Size
48
Median Age
28%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
6,221
Density / Sq Mi
$60,013
Median Household Income
$38,742
Median Earnings
$1,846
Median Rent
$259,200
Median Home Value
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
- Firehouse Subs Lauderhill — 7542 W Commercial Blvd, Lauderhill, FL 33319
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- Senter Catering — 7154 N University Dr # 197, Tamarac, FL 33321
Frequently Asked Questions
What type of property is this?
Flex space - 5,383 SF flex property on 1 acre for rent.
Where is this flex space located?
The property is located at 6115 Northwest 77th Way Tamarac, FL.
What is the asking price?
The asking price for this property is $2,380,952.
What are key features of this property?
This property features: Freestanding property on 1 acre; 5,383 SF total space; 18' clear ceiling height in warehouse
