Leased Warehouse Unit for
For Sale
$1,100,000
20841 Johnson Street #108, Pembroke Pines, FL
Own a leased warehouse unit with about three years remaining, offering straightforward occupancy for an investor buyer.
Property Size3,000 SF
Price / SF$366.67
Days on Market65
Property Features for 20841 Johnson Street #108
General Information
Standard status
Active
Size
3,000 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2005
Listing Agency:
LPT Realty, LLC
(954) 589-8763
Listed By:
Elkin Sanchez · License #3554939
(954) 589-8763
Source:
Laerrealty
Added: Jun 4
Changed: Jul 10
Last Checked: Aug 7 at 12:49AM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This offering is a 3,000-square-foot warehouse unit presented as an ownership opportunity with existing in-place tenancy. The space is currently leased and includes approximately three years of remaining term, creating an income-producing asset from day one. The property is offered for sale as a turn-key warehouse investment unit.
The warehouse is located in Pembroke Pines at 20841 Johnson Street, #108. Public remarks indicate the property is near major highways, supporting convenient access for operational needs and logistics.
For investors seeking a warehouse asset with a defined remaining lease period, this unit provides a practical path to ownership without requiring immediate tenant turnover. For owner-users, the structure offers a warehouse footprint within an area described as having limited industrial warehouse ownership availability, while the current lease would need to be evaluated relative to the buyer’s timeline. Interested parties can schedule a private tour to review the leased premises and confirm details of the current occupancy.
The warehouse is located in Pembroke Pines at 20841 Johnson Street, #108. Public remarks indicate the property is near major highways, supporting convenient access for operational needs and logistics.
For investors seeking a warehouse asset with a defined remaining lease period, this unit provides a practical path to ownership without requiring immediate tenant turnover. For owner-users, the structure offers a warehouse footprint within an area described as having limited industrial warehouse ownership availability, while the current lease would need to be evaluated relative to the buyer’s timeline. Interested parties can schedule a private tour to review the leased premises and confirm details of the current occupancy.
Key Highlights
- 3,000 SF warehouse built in 2005
- Unit is currently leased with approximately 3 years remaining
- Leased warehouse provides near‑term rental income for an investor buyer
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
$44,064
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
4.01%
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%
$881,280
$881.3K
Cap Rate 7%
$629,486
$629.5K
Cap Rate 9%
$489,600
$489.6K
Market Conditions
NOI Build-Up for 3,000 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
$54.0K $18.00/SF
− Vacancy
−$2.2K −$0.72/SF
EGI
$51.8K $17.28/SF
− OpEx
−$7.8K −$2.59/SF
NOI
$44.1K $14.69/SF
Area
Pembroke Pines, FL
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
15.00%
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%
$881,280
Cap Rate 7%
$629,486
Cap Rate 9%
$489,600
Alternative Uses
Best Use
Warehouse
$629.5K
$550.8K – $734.4K
NOI $44,064 @ 7.0% cap · market cap 4.01%
Second Best
Industrial
$550.1K
$481.3K – $641.8K
NOI $38,506 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,194 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Well-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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Own a leased warehouse unit with about three years remaining, offering straightforward occupancy for an investor buyer.
Where is this warehouse located?
The property is located at 20841 Johnson Street #108 Pembroke Pines, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,000 SF warehouse built in 2005; Unit is currently leased with approximately 3 years remaining; Leased warehouse provides near‑term rental income for an investor buyer
