Cold Storage Warehouse
New
For Sale
Contact for pricing
3628-3662 NW 16th St, Lauderhill, FL 33311
Six connected units offer a flexible configuration with renovated office space and street-level loading.
Property Size7,560 SF
Price / SF$337.30
Days on Market5
Property Features for 3628-3662 NW 16th St
General Information
Standard status
Active
Size
7,560 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
15 ft
Office Build-Out
1,563 SF
Drive-In Doors
6
Cold Storage
Yes
Listing Agency:
Lee & Associates | Broward/Palm Beach
(954) 399-6299
Listed By:
C. Todd Everett, SIOR · License #SL3265231
(561) 414-8567
Source:
Moodyscre
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 19 at 7:16AM
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
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.
Six refrigerated and freezer warehouse condominium units, identified as B1–B6, provide a combined 7,560 square feet. The space includes 1,563 square feet of office area, with the balance primarily configured for cooler and freezer use. The units can serve one user or be divided. The office area has been renovated with HVAC, updated flooring and finishes.
Six street-level loading doors measure 12' x 14', and the warehouse has 15 feet of clear ceiling height. Electric is separately metered, utilities are managed through the condominium structure, and on-site parking is available within the industrial condominium.
Six street-level loading doors measure 12' x 14', and the warehouse has 15 feet of clear ceiling height. Electric is separately metered, utilities are managed through the condominium structure, and on-site parking is available within the industrial condominium.
Key Highlights
- 7,560 SF across six contiguous units, B1–B6
- 1,563 SF of office space; 70–80% cooler/freezer warehouse area
- Six street‑level loading doors, each 12' x 14'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,104
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,982,080
$2.0M
Cap Rate 7%
$1,415,771
$1.4M
Cap Rate 9%
$1,101,156
$1.1M
Market Conditions
NOI Build-Up for 7,560 SF
Gross rent
$123.4K $16.32/SF
− Vacancy
−$6.8K −$0.90/SF
EGI
$116.6K $15.42/SF
− OpEx
−$17.5K −$2.31/SF
NOI
$99.1K $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 Rate 5%
$1,982,080
Cap Rate 7%
$1,415,771
Cap Rate 9%
$1,101,156
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
15 ft
Clear height
6
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Six connected units offer a flexible configuration with renovated office space and street-level loading.
Where is this refrigerated & cold storage located?
The property is located at 3628-3662 NW 16th St 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 across six contiguous units, B1–B6; 1,563 SF of office space; 70–80% cooler/freezer warehouse area; Six street‑level loading doors, each 12' x 14'
