Lauderhill Industrial Flex
1601 NW 38th Ave, Lauderhill, FL
For Sale
$5,200,000
24,850 SqFt industrial building, 100% leased, value-add opportunity.
Property Size24,850 SF
Lot Size1.60 Acres
Price / SF$209.26
Days on Market222
Property Features for 1601 NW 38th Ave
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Cohen Realty Group
Listed By:
Gamila Y Cohen · License #3240294
(954) 826-7785
Source:
Elliman
Added: Mar 31
Changed: Nov 6
Last Checked: Nov 6 at 10:25AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding 24,850 SqFt industrial flex warehouse is located in Lauderhill's industrial park on a 1.6-acre corner lot across from UPS. The property is 100% leased with diverse tenants in 9 bays, some of whom have been long-term tenants for over 10 years. The building has a clear ceiling height of 14 feet. This property is in an outstanding location for industrial uses and can be a strategic asset to own. The property presents a value-add opportunity for a new owner to raise rents to market value, as current rents are below market value, potentially increasing ROI.
Key Highlights
- 100% leased with diverse, long‑term tenants, providing immediate income.
- Opportunity to increase rents to market value for increased ROI.
- Strategic corner location in Lauderhill industrial park, across from UPS.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$268,273
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,365,460
$5.4M
Cap Rate 7%
$3,832,471
$3.8M
Cap Rate 9%
$2,980,811
$3.0M
Market Conditions
NOI Build-Up for 24,850 SF
Gross rent
$405.6K $16.32/SF
− Vacancy
−$22.3K −$0.90/SF
EGI
$383.2K $15.42/SF
− OpEx
−$115.0K −$4.63/SF
NOI
$268.3K $10.80/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,365,460
Cap Rate 7%
$3,832,471
Cap Rate 9%
$2,980,811
Alternative Uses
Best Use
Flex RnD
$7.81M
$6.83M – $9.11M
NOI $546,601 @ 7.0% cap · market cap 10.51%
Second Best
Industrial
$3.83M
$3.35M – $4.47M
NOI $268,273 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$12.61M
$11.03M – $14.71M
NOI $882,522 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Average Price Trend$/SF for Flex space in Broward County, FL
Properties on Market for Flex space in Broward County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- CHEF COMMIS, LLC — 1631 NW 15th Terrace, Fort Lauderdale, FL 33311
Frequently Asked Questions
What type of property is this?
Flex space - 24,850 SqFt 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 rents to market value for increased ROI.; Strategic corner location in Lauderhill industrial park, across from UPS.
