Versatile Flex Space in
For Sale
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3500 NW 15th St, Lauderhill, FL 33311
Professionally maintained commercial property with flexible spaces for various uses.
Property Size13,068 SF
Price / SF$0.00
Days on Market188
Property Features for 3500 NW 15th St
General Information
Standard status
Active
Size
13,068 SF
Property subtype
Industrial
Building Details
Building Size
13,068 SF
Year Built
2007
Listing Agency:
Keller Williams Legacy
Listed By:
Christopher Wagner · License #3410154
(954) 464-0396
Source:
Elliman
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 28 at 8:27AM
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 Keller Williams Legacy
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Investment Insights
Based on property information with market context.
This professionally maintained commercial property provides fully air-conditioned flex space suitable for offices, churches, studios, showrooms, classrooms, and small businesses. Multiple units are available, including a 6,798 sq ft space with 20ft ceilings, a roll-up door, a stage, a bar/food prep area, bathrooms, and a second-level suite with an office, bathroom & shower, and break area. Another unit offers 1,664 sq ft of office space with a second level. The third unit features 5,350 sq ft of space with 12ft ceilings, office/hair or makeup rooms, a ballroom with a stage, bathrooms, and a food and beverage area. Spaces can be modified or combined to meet specific tenant needs. The property includes over 40 on-site parking spaces and a secure gated entry, allowing tenants to park company or fleet vehicles safely. Located minutes from the Florida Turnpike & I95 and Sunrise Blvd, the property offers convenient access for employees and customers. The location has a bike score of 36, walk score of 43, and transit score of 40.
Key Highlights
- Versatile flex space ideal for offices, churches, studios, showrooms, classrooms, and small businesses.
- Conveniently located minutes from Florida Turnpike, I95, and Sunrise Blvd.
- Multiple unit options available: 6,798 sq ft, 1,664 sq ft, and 5,350 sq ft, modifiable or combinable.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,389
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,467,780
$1.5M
Cap Rate 7%
$1,048,414
$1.0M
Cap Rate 9%
$815,433
$815.4K
Market Conditions
NOI Build-Up for 6,798 SF
Gross rent
$110.9K $16.32/SF
− Vacancy
−$6.1K −$0.90/SF
EGI
$104.8K $15.42/SF
− OpEx
−$31.5K −$4.63/SF
NOI
$73.4K $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%
$1,467,780
Cap Rate 7%
$1,048,414
Cap Rate 9%
$815,433
Alternative Uses
Best Use
Flex RnD
$2.14M
$1.87M – $2.49M
NOI $149,529 @ 7.0% cap · market cap 623,037.50%
Second Best
Industrial
$1.05M
$917.4K – $1.22M
NOI $73,389 @ 7.0% cap · market cap 305,787.50%
Theoretical Best
Office A
$3.45M
$3.02M – $4.02M
NOI $241,424 @ 7.0% cap · market cap 1,005,933.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Exodo M & L Corporation — 3440 SW 14th St, Fort Lauderdale, FL 33312
Frequently Asked Questions
What type of property is this?
Flex space - Professionally maintained commercial property with flexible spaces for various uses.
Where is this flex space located?
The property is located at 3500 NW 15th St Lauderhill, FL.
What are key features of this property?
This property features: Versatile flex space ideal for offices, churches, studios, showrooms, classrooms, and small businesses.; Conveniently located minutes from Florida Turnpike, I95, and Sunrise Blvd.; Multiple unit options available: 6,798 sq ft, 1,664 sq ft, and 5,350 sq ft, modifiable or combinable.
