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    Warehouse with Remaining Lease Title is generated by Realmo AI

    20841 Johnson Street, Pembroke Pines, FL

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    For Sale
    $1,100,000

    COMMERCIAL - Pembroke Pines, FL

    Property size:
    2,872 SF
    Price / SF:
    $383/SF
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 20841 Johnson Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    (PUD)
    Parking
    1
    Parking features
    Guest, Assigned
    Security features
    Security
    Standard status
    Active
    APN
    513910aa0130
    Size
    2,872 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    CHAPEL TRAIL TRADE CENTER UNITS 108 BLDG B PER CDO CIN #101704920
    Tax Annual Amount
    13940

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2005
    Floors in Building
    1
    Flooring type
    Tile, Laminate
    Building materials
    CBS
    Roof type
    Flat

    We can help!

    Listing Contact
    Elkin Sanchez

    Listing agent Elkin Sanchez License #3554939

    Listing office LPT Realty, LLC 1400 S International Parkw Suite 1020, Lake Mary, FL

    Listing date Jun 1, 2026

    MLS# B26035497

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3,000 SF warehouse currently leased with approximately 3 years remaining
    • Built in 2005 with CBS construction
    • Central heating and central A/C
    • Flat roof
    • Public water and public sewer
    • Parking includes guest and assigned spaces

    Overview

    This for-sale warehouse totals 2,872 square feet and is offered with a lease already in place. The current tenant occupancy provides immediate rental income, with approximately three years remaining on the lease term. The property’s configuration supports straightforward warehouse use, making it a practical option for investors seeking a turn-key industrial asset rather than a vacancy-dependent purchase.

    Located at 20841 Johnson Street in Pembroke Pines, the warehouse benefits from strategic access to major highways, supporting convenient logistics and ongoing business connectivity. It sits within a PUD zoning designation, which can be an important consideration for buyers evaluating permitted development and long-term operating flexibility in the area.

    With industrial warehouse ownership opportunities described as increasingly limited locally, this property may appeal to investors looking to secure an income-producing asset in a supply-constrained market. The lease-in-place structure can help reduce near-term acquisition risk for buyers focused on cash flow, while the combination of warehouse ownership and highway accessibility may support longer-term value appreciation. For owners or portfolio investors, this is a straightforward path to adding an industrial warehouse with remaining contracted income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Self Storage — 154 N University Dr, Pembroke Pines, FL 33024
    • Handy Storage Pembroke Pines — 350 S University Dr, Pembroke Pines, FL 33025
    • Snapbox Self Storage — 8321 Pines Blvd, Pembroke Pines, FL 33024
    • University Self Storage — 8321 Pines Blvd, Pembroke Pines, FL 33024
    • Storage — 138 nw 92nd ave, pembroke pines, fl 33024

    Location Insight

    • Map
    • Local Demand
    City
    Pembroke Pines
    County
    Broward
    State
    Florida
    Longitude
    -80.426907
    Latitude
    26.01572

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    FAQs

    What type of property is this?
    Warehouse - Lease-in-place warehouse for sale in a PUD area, offering stable income with about three years remaining.
    Where is this warehouse located?
    The property is located at 20841 Johnson Street 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 currently leased with approximately 3 years remaining; Built in 2005 with CBS construction; Central heating and central A/C
    (954) 589-8763
    We can help!
    Listing Contact
    Elkin Sanchez
    Real Estate License ID: 3554939
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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