Two-Story Light Industrial
3650 Coral Ridge #104 Coral Springs, FL 33065
3650 Coral Ridge #104, Coral Springs, FL, 33065
$1,595,000
For Sale
$1,595,000
Modern two-story light industrial office/warehouse offers fully air-conditioned workspace, 18-foot ceilings, and a 10x10 grade-level roll-up door.
Property Size5,000 SF
Price / SF$319
Days on Market42
Property Features for 3650 Coral Ridge #104
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing agency
FIDELITY REAL ESTATE GROUP LLC
(954) 345-9144
Listed by
CARLOS A MONTOYA · License #B26019769
Source
Corcoran
Added: Jun 10 Updated: Jul 21 at 4:28AM Checked: Jul 21 at 4:28AM
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 FIDELITY REAL ESTATE GROUP LLC
Investment Insights
Based on property information with market context.
Modern two-story light industrial office/warehouse located directly on Coral Ridge Drive. The space includes fully air-conditioned workspace with 18-foot ceilings, eight private offices, and two bathrooms. Operational functionality is supported by a 10x10 grade-level roll-up door and 11 assigned parking spaces.
The property is positioned in Coral Springs near Sawgrass Expressway and the Turnpike.
The offering also includes the option to purchase adjacent units, including three units that can be sold separately or together for a combined total of 13,491 square feet, with Unit 102 at 4,140 +/- square feet and Unit 103 at 4,335 square feet.
The property is positioned in Coral Springs near Sawgrass Expressway and the Turnpike.
The offering also includes the option to purchase adjacent units, including three units that can be sold separately or together for a combined total of 13,491 square feet, with Unit 102 at 4,140 +/- square feet and Unit 103 at 4,335 square feet.
Key Highlights
- Modern two‑story light industrial office/warehouse built in 1986
- Over 5,000± SF of fully air‑conditioned workspace with 18‑foot ceilings
- Grade‑level 10x10 roll‑up door for warehouse access
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 | $102.0k | $20.40 |
| − Vacancy | −$4.4k | −$0.88 |
| EGI | $97.6k | $19.52 |
| − OpEx | −$14.6k | −$2.93 |
| NOI | $83.0k | $16.59 |
5,000 SF · lease $20.40/SF/yr · vacancy 4.30% · expense 15.00%
Alternative Uses
Best Use
Office B
$6.72M
$5.88M – $7.84M
NOI $470,282 @ 7.0% cap · market cap 29.48%
Second Best
Warehouse
$1.19M
$1.04M – $1.38M
NOI $82,972 @ 7.0% cap · market cap 5.20%
Theoretical Best
Specialty Retail
$8.53M
$7.46M – $9.95M
NOI $596,851 @ 7.0% cap · market cap 37.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
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- Door To Door Catering Inc — 7041 W Commercial Blvd, #6d, Tamarac, FL 33319
FAQs
What type of property is this?
Flex space - Modern two-story light industrial office/warehouse offers fully air-conditioned workspace, 18-foot ceilings, and a 10x10 grade-level roll-up door.
Where is this flex space located?
The property is located at 3650 Coral Ridge #104 Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Modern two‑story light industrial office/warehouse built in 1986; Over 5,000± SF of fully air‑conditioned workspace with 18‑foot ceilings; Grade‑level 10x10 roll‑up door for warehouse access
