Renovated Flex
For Sale
$289,900
Pending
2950 Glades Cir Unit 10, Weston, FL 33327
Commercial unit with ceramic flooring, high ceilings, and on-site parking.
Property Size1,534 SF
Days on Market2013
Property Features for 2950 Glades Cir Unit 10
General Information
Standard status
Pending
Size
1,534 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$4,881
Amenities
3
2 Parking Spaces.
Building Details
Year Built
2006
Listing Agency:
Charles Rutenberg Realty Fort
(954) 668-4147
Listed By:
Luis Cabrera · License #3319458
(954) 668-4147
Source:
Xome
Added: Feb 23, 2021
Changed: Aug 29
Last Checked: Aug 29 at 1:12PM
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 Charles Rutenberg Realty Fort
Investment Insights
Based on property information with market context.
This 1,534-square-foot flex space combines office and warehouse functionality within Weston Commercial Center. The unit was renovated and includes ceramic flooring, high ceilings, and two parking spaces. Built in 2006, the property is located at 2950 Glades Cir Unit 10 in Weston, Florida, providing a commercial setting for an owner-user or leasing arrangement.
Key Highlights
- 1,534‑square‑foot flex space with office and warehouse areas
- Renovated commercial unit
- Ceramic flooring throughout the space
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
$20,109
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
6.94%
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%
$402,180
$402.2K
Cap Rate 7%
$287,271
$287.3K
Cap Rate 9%
$223,433
$223.4K
Market Conditions
NOI Build-Up for 1,534 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
$25.0K $16.32/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$23.7K $15.42/SF
− OpEx
−$3.5K −$2.31/SF
NOI
$20.1K $13.11/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$16.32 /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%
$402,180
Cap Rate 7%
$287,271
Cap Rate 9%
$223,433
Alternative Uses
Best Use
Office B
$580.8K
$508.2K – $677.7K
NOI $40,659 @ 7.0% cap · market cap 14.03%
Second Best
Flex RnD
$482.0K
$421.8K – $562.4K
NOI $33,742 @ 7.0% cap · market cap 11.64%
Theoretical Best
Office A
$778.3K
$681.0K – $908.0K
NOI $54,478 @ 7.0% cap · market cap 18.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33327, FL
22,174
Population
6,600
Households
3.4
Avg Household Size
40
Median Age
72%
College-Educated
98%
High-School Grad
147.6 sq mi
ZIP Area
150
Density / Sq Mi
$165,458
Median Household Income
$67,764
Median Earnings
$3,202
Median Rent
$691,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercial unit with ceramic flooring, high ceilings, and on-site parking.
Where is this flex space located?
The property is located at 2950 Glades Cir Unit 10 Weston, FL.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1,534‑square‑foot flex space with office and warehouse areas; Renovated commercial unit; Ceramic flooring throughout the space
