Air-Conditioned Office Warehouse
For Sale
$495,000
3660 NW 126th Ave 8, Coral Springs, FL 33065
Move-in ready office/warehouse unit with private offices, air-conditioned warehouse space, and a roll-up garage door.
Property Size1,326 SF
Price / SF$373.30
Days on Market34
Property Features for 3660 NW 126th Ave 8
General Information
Standard status
Active
Size
1,326 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Year Built
1999
Listing Agency:
Avenew Realty Corp
(305) 799-3409
Listed By:
Juan Molina
(305) 799-3409
Source:
Elliman
Added: Jul 8
Changed: Jul 10
Last Checked: Aug 10 at 4:39AM
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 Avenew Realty Corp
Investment Insights
Based on property information with market context.
This fully air-conditioned office/warehouse unit combines carpeted private office space with an air-conditioned warehouse area. The warehouse includes an 18-foot clear ceiling height and a mezzanine level, which is designed to expand usable space beyond the stated 1,326 SF footprint. A roll-up garage door provides loading access (10' W × 12' H). The unit is currently tenant-occupied and will be delivered vacant at closing.
Located in the Coral Springs Corporate Park, the property offers convenient access to the Sawgrass Expressway for connectivity throughout South Florida.
The layout supports both office and light industrial/warehouse use within a single building configuration, with dedicated private office space and climate-controlled warehouse areas.
Located in the Coral Springs Corporate Park, the property offers convenient access to the Sawgrass Expressway for connectivity throughout South Florida.
The layout supports both office and light industrial/warehouse use within a single building configuration, with dedicated private office space and climate-controlled warehouse areas.
Key Highlights
- 1999‑built office/warehouse unit in Coral Springs Corporate Park
- Move‑in ready layout with carpeted private office area and air‑conditioned warehouse space
- Warehouse features 18‑foot clear ceiling height and an air‑conditioned mezzanine level
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
$22,004
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
4.45%
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%
$440,080
$440.1K
Cap Rate 7%
$314,343
$314.3K
Cap Rate 9%
$244,489
$244.5K
Market Conditions
NOI Build-Up for 1,326 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
$27.1K $20.40/SF
− Vacancy
−$1.2K −$0.88/SF
EGI
$25.9K $19.52/SF
− OpEx
−$3.9K −$2.93/SF
NOI
$22.0K $16.59/SF
Area
Coral Springs, FL
Vacancy
4.30%
Lease Rate
$20.40 /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%
$440,080
Cap Rate 7%
$314,343
Cap Rate 9%
$244,489
Alternative Uses
Best Use
Office B
$1.78M
$1.56M – $2.08M
NOI $124,719 @ 7.0% cap · market cap 25.20%
Second Best
Warehouse
$314.3K
$275.1K – $366.7K
NOI $22,004 @ 7.0% cap · market cap 4.45%
Theoretical Best
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,285 @ 7.0% cap · market cap 31.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Move-in ready office/warehouse unit with private offices, air-conditioned warehouse space, and a roll-up garage door.
Where is this flex space located?
The property is located at 3660 NW 126th Ave 8 Coral Springs, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1999‑built office/warehouse unit in Coral Springs Corporate Park; Move‑in ready layout with carpeted private office area and air‑conditioned warehouse space; Warehouse features 18‑foot clear ceiling height and an air‑conditioned mezzanine level
