Cooler/Freezer Industrial Condo
3628-3638 NW 16th St #B1-B6 Lauderhill, FL 33311
3628-3638 NW 16th St #B1-B6, Lauderhill, FL, 33311
$2,550,000
For Sale
$2,550,000
Industrial condominium offers cooler/freezer warehouse space, street-level loading doors, and a renovated office with HVAC.
Property Size7,560 SF
Price / SF$337.30
Days on Market67
Property Features for 3628-3638 NW 16th St #B1-B6
General Information
- Standard status
- Active
- Size
- 7,560 SF
- Property subtype
- Industrial
Listing agency
Lee & Associates | Broward/Palm Beach
(561) 414-8567
Listed by
C. Todd Everett, SIOR
(561) 414-8567
Source
Lee-associates
Added: May 17 Updated: Jul 21 at 2:34AM Checked: Jul 22 at 5:33AM
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 Lee & Associates | Broward/Palm Beach
Investment Insights
Based on property information with market context.
Lee & Associates presents a 7,560 SF industrial condominium opportunity within ComCen Condominium (Building B). The space is comprised of six contiguous units (B1–B6) designed for single or multi-tenant occupancy, with approximately 1,563 SF of office and approximately 70–80% of the warehouse built out for cooler/freezer use.
The units feature six street-level loading doors measuring 12' x 14' and 15' clear ceiling height in the warehouse. Electrical service is separately metered, and the layout includes four private restrooms. The office area has benefited from recent upgrades including HVAC, flooring, and finishes.
The property is part of a professionally managed industrial condominium with ample on-site parking and a stable operating environment suited for light industrial uses.
The units feature six street-level loading doors measuring 12' x 14' and 15' clear ceiling height in the warehouse. Electrical service is separately metered, and the layout includes four private restrooms. The office area has benefited from recent upgrades including HVAC, flooring, and finishes.
The property is part of a professionally managed industrial condominium with ample on-site parking and a stable operating environment suited for light industrial uses.
Key Highlights
- 7,560 SF industrial condominium in ComCen Condominium (Building B) with six contiguous units (B1–B6).
- Includes approx. 1,563 SF of office plus 70–80% cooler/freezer warehouse space for food distribution or cold storage.
- Warehouse has six street‑level loading doors, each measuring 12' h x 14' w.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.4k | $16.32 |
| − Vacancy | −$6.8k | −$0.90 |
| EGI | $116.6k | $15.42 |
| − OpEx | −$17.5k | −$2.31 |
| NOI | $99.1k | $13.11 |
7,560 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.42M
$1.24M – $1.65M
NOI $99,104 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.84M
$3.36M – $4.47M
NOI $268,485 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Industrial condominium offers cooler/freezer warehouse space, street-level loading doors, and a renovated office with HVAC.
Where is this warehouse located?
The property is located at 3628-3638 NW 16th St #B1-B6 Lauderhill, FL.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 7,560 SF industrial condominium in ComCen Condominium (Building B) with six contiguous units (B1–B6).; Includes approx. 1,563 SF of office plus 70–80% cooler/freezer warehouse space for food distribution or cold storage.; Warehouse has six street‑level loading doors, each measuring 12' h x 14' w.
