Cold Storage Facility with Blast
New
For Sale
Contact for pricing
350 Goolsby Blvd, Deerfield Beach, FL 33442
USDA-inspected freezer, cold dock area, and existing racking support refrigerated storage operations.
Property Size22,916 SF
Price / SF$315
Days on Market4
Property Features for 350 Goolsby Blvd
General Information
Standard status
Active
Size
22,916 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
32 ft
Office Build-Out
3,500 SF
Dock-High Doors
5
Cold Storage
Yes
Cold Storage Temp
-5 °F
Listing Agency:
CBRE | Miami
(305) 374-1000
Listed By:
Tom O'Loughlin
(954) 817-3919
Source:
Moodyscre
Added: Sep 28
Changed: Sep 29
Last Checked: Sep 30 at 11:59AM
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 CBRE | Miami
Investment Insights
Based on property information with market context.
This 22,916-square-foot refrigerated storage facility includes a USDA-inspected blast freezer maintained at -5 degrees, an area for cold-dock operations, and existing racking. The building has five dock-high doors and clear heights ranging from approximately 18 to 32 feet. A two-story office of approximately 3,500 square feet is included, along with full drive-around access and a parking ratio of 1.0 per 1,000 square feet.
Nearby businesses include National Beverage, Publix, JFC International, and Sun Produce.
Nearby businesses include National Beverage, Publix, JFC International, and Sun Produce.
Key Highlights
- 22,916‑square‑foot refrigerated and cold storage facility
- USDA‑inspected blast freezer maintained at -5 degrees
- Five dock‑high doors and a cold dock area
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
$300,407
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
4.16%
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%
$6,008,140
$6.0M
Cap Rate 7%
$4,291,529
$4.3M
Cap Rate 9%
$3,337,856
$3.3M
Market Conditions
NOI Build-Up for 22,916 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
$374.0K $16.32/SF
− Vacancy
−$20.6K −$0.90/SF
EGI
$353.4K $15.42/SF
− OpEx
−$53.0K −$2.31/SF
NOI
$300.4K $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%
$6,008,140
Cap Rate 7%
$4,291,529
Cap Rate 9%
$3,337,856
Alternative Uses
Best Use
Warehouse
$4.29M
$3.76M – $5.01M
NOI $300,407 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.63M
$10.17M – $13.56M
NOI $813,838 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
32 ft
Clear height
5
Dock-high doors
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Explore this area
Business Placement
Demographics for 33442, FL
32,340
Population
21,595
Households
1.5
Avg Household Size
52
Median Age
32%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
4,687
Density / Sq Mi
$53,413
Median Household Income
$42,035
Median Earnings
$1,952
Median Rent
$231,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - USDA-inspected freezer, cold dock area, and existing racking support refrigerated storage operations.
Where is this refrigerated & cold storage located?
The property is located at 350 Goolsby Blvd Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $7,218,540.
What are key features of this property?
This property features: 22,916‑square‑foot refrigerated and cold storage facility; USDA‑inspected blast freezer maintained at -5 degrees; Five dock‑high doors and a cold dock area
