Office/Warehouse Flex
For Sale
Contact for pricing
11917-11929 W Sample Rd, Coral Springs, FL 33065
Office/warehouse property with two buildings, dock-high and drive-in doors, and 21' clear ceiling height.
Property Size31,824 SF
Lot Size3.00 Acres
Price / SF$160.26
Days on Market1944
Property Features for 11917-11929 W Sample Rd
General Information
Standard status
Active
Size
31,824 SF
Lot size
3.00 Acres
Property subtype
INDUSTRIAL
Zoning
IRD
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
21 ft
Dock-High Doors
2
Listing Agency:
Total Real Estate Consultants Inc
(954) 341-3294
Listed By:
Joe Pelayo · License #3005451
(954) 224-8773
Source:
Moodyscre
Added: May 18, 2021
Changed: Sep 11
Last Checked: Sep 11 at 11:34AM
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
Investment Insights
Based on property information with market context.
For sale office/warehouse flex property featuring two buildings in the Coral Springs Corporate Park. The offering includes dock-high doors and drive-in doors, with 21' clear ceiling height throughout the warehouse areas. The site totals approximately 3 acres, providing room for an industrial-leaning campus-style setup.
The property has frontage to Sample Rd and is located in the northwest Broward County area of South Florida. Access is described as easy to Sawgrass Expressway, I-95, I-75, and Florida’s Turnpike.
The property is zoned IRD (Industrial Research & Development), supporting industrial research and development use per the listed zoning designation.
The property has frontage to Sample Rd and is located in the northwest Broward County area of South Florida. Access is described as easy to Sawgrass Expressway, I-95, I-75, and Florida’s Turnpike.
The property is zoned IRD (Industrial Research & Development), supporting industrial research and development use per the listed zoning designation.
Key Highlights
- 31,824 SF office/warehouse with two buildings in the Coral Springs Corporate Park
- Zoned IRD (Industrial Research & Development)
- Two dock high doors plus drive‑in doors across the two buildings
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
$434,906
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
8.53%
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%
$8,698,120
$8.7M
Cap Rate 7%
$6,212,943
$6.2M
Cap Rate 9%
$4,832,289
$4.8M
Market Conditions
NOI Build-Up for 31,824 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
$649.2K $20.40/SF
− Vacancy
−$27.9K −$0.88/SF
EGI
$621.3K $19.52/SF
− OpEx
−$186.4K −$5.86/SF
NOI
$434.9K $13.67/SF
Area
Coral Springs, FL
Vacancy
4.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
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%
$8,698,120
Cap Rate 7%
$6,212,943
Cap Rate 9%
$4,832,289
Alternative Uses
Best Use
Warehouse
$7.54M
$6.60M – $8.80M
NOI $528,100 @ 7.0% cap · market cap 10.35%
Second Best
Industrial
$6.21M
$5.44M – $7.25M
NOI $434,906 @ 7.0% cap · market cap 8.53%
Theoretical Best
Specialty Retail
$54.27M
$47.49M – $63.31M
NOI $3,798,839 @ 7.0% cap · market cap 74.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21 ft
Clear height
2
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,390
Businesses Nearby
Under-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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Country Savoir Faire Inc — Coral Springs, FL 33065
- Parkland Chef Catering — 9890 W Sample Rd, Coral Springs, FL 33065
Frequently Asked Questions
What type of property is this?
Flex space - Office/warehouse property with two buildings, dock-high and drive-in doors, and 21' clear ceiling height.
Where is this flex space located?
The property is located at 11917-11929 W Sample Rd Coral Springs, FL.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: 31,824 SF office/warehouse with two buildings in the Coral Springs Corporate Park; Zoned IRD (Industrial Research & Development); Two dock high doors plus drive‑in doors across the two buildings
