Lauderhill Industrial Flex Warehouse
1601 Nw 38th Ave Lauderhill, FL 33311
1601 Nw 38th Ave, Lauderhill, FL, 33311
$5,200,000
For Sale
$5,200,000
Freestanding industrial building, 100% leased, value-add opportunity.
Property Size24,850 SF
Lot Size1.60 Acres
Price / SF$209.26
Days on Market197
Property Features for 1601 Nw 38th Ave
General Information
- Standard status
- Active
- Size
- 24,850 SF
- Lot size
- 1.60 Acres
Listing agency
Cohen Realty Group
(954) 826-7785
Listed by
Gamila Y Cohen · License #B26028227
(954) 826-7785
Source
Exprealty
Added: Jan 6 Updated: Jul 6 at 9:58AM Checked: Jul 22 at 8:38AM
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 Cohen Realty Group
Investment Insights
Based on property information with market context.
This freestanding 24,850-square-foot industrial flex warehouse is located in the Lauderhill industrial park on a 1.6-acre corner lot across from UPS. The property is fully leased with a diverse mix of tenants across 9 bays, some of whom have been long-term tenants for over 10 years. The building features a 14-foot clear ceiling height. The property's location is suitable for industrial uses. There is an opportunity for a new owner to increase rents to market value, as current rents are below market value.
Key Highlights
- 100% leased with diverse, long‑term tenants, providing immediate income.
- Opportunity to increase ROI by raising rents to market value.
- Strategic corner location in Lauderhill industrial park, across from UPS.
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 | $405.6k | $16.32 |
| − Vacancy | −$22.3k | −$0.90 |
| EGI | $383.2k | $15.42 |
| − OpEx | −$57.5k | −$2.31 |
| NOI | $325.8k | $13.11 |
24,850 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$7.81M
$6.83M – $9.11M
NOI $546,601 @ 7.0% cap · market cap 10.51%
Second Best
Warehouse
$4.65M
$4.07M – $5.43M
NOI $325,760 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$12.61M
$11.03M – $14.71M
NOI $882,522 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- CHEF COMMIS, LLC — 1631 NW 15th Terrace, Fort Lauderdale, FL 33311
FAQs
What type of property is this?
Flex space - Freestanding industrial building, 100% leased, value-add opportunity.
Where is this flex space located?
The property is located at 1601 Nw 38th Ave Lauderhill, FL.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 100% leased with diverse, long‑term tenants, providing immediate income.; Opportunity to increase ROI by raising rents to market value.; Strategic corner location in Lauderhill industrial park, across from UPS.
