Lauderhill Industrial Condominium
For Sale
Contact for pricing
3628 NW 16TH ST, Lauderhill, FL 33311
Six contiguous industrial condo units totaling 7,560± SF for sale.
Property Size7,560 SF
Price / SF$337.30
Days on Market156
Property Features for 3628 NW 16TH ST
General Information
Standard status
Active
Size
7,560 SF
Class
B
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Year Built
1986
Buildings
1
Stories
1
Units
6
Listing Agency:
Lee & Associates - Broward/Palm Beach
Listed By:
C. Todd Everett, SIOR · License #FL SL3265231
(954) 399-6299
Source:
Crexi
Added: May 13
Changed: Oct 3
Last Checked: Oct 14 at 8:04PM
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
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Investment Insights
Based on property information with market context.
Located in central Broward County, ComCen Commerce Center offers six contiguous small-bay industrial condominium units totaling approximately 7,560 square feet in the Lauderhill industrial submarket. The property is positioned just east of US-441, providing convenient access to I-95, the Florida Turnpike, Port Everglades, and Fort Lauderdale-Hollywood International Airport. The property is suited for owner-users, investors, distributors, service operators, and light manufacturing businesses. The offering includes six grade-level loading doors and 15-foot clear ceiling heights. The layout is functional and flexible, accommodating a single user or multiple tenants. A majority of the space is built out as refrigerated/freezer warehouse space, creating an opportunity for food distribution, cold storage, or specialty industrial users. The property presents long-term upside, operational flexibility, and attainable industrial ownership in a connected Broward County location.
Key Highlights
- Rare opportunity to acquire six contiguous small‑bay industrial condominium units totaling 7,560± SF in central Broward County.
- Majority of space built out as refrigerated/freezer warehouse space, ideal for food distribution, cold storage, or specialty industrial users.
- Convenient access to I‑95, Florida Turnpike, Port Everglades, and Fort Lauderdale‑Hollywood International Airport.
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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Six contiguous industrial condo units totaling 7,560± SF for sale.
Where is this warehouse located?
The property is located at 3628 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: Rare opportunity to acquire six contiguous small‑bay industrial condominium units totaling 7,560± SF in central Broward County.; Majority of space built out as refrigerated/freezer warehouse space, ideal for food distribution, cold storage, or specialty industrial users.; Convenient access to I‑95, Florida Turnpike, Port Everglades, and Fort Lauderdale‑Hollywood International Airport.
