Coral Springs Industrial
3650 Coral Rdg Dr 103, Coral Springs, FL 33065
For Sale
$1,395,000
Modern, fully air-conditioned industrial space in prime Coral Springs location.
Property Size4,323 SF
Price / SF$321.80
Days on Market227
Property Features for 3650 Coral Rdg Dr 103
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Fidelity Real Estate Group LLC
Listed By:
Carlos A Montoya · License FL #0623048
(954) 234-7653
Source:
Elliman
Added: Mar 31
Changed: Sep 4
Last Checked: Aug 25 at 5:43AM
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
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Investment Insights
Based on property information with market context.
Located directly on Coral Ridge Drive in Coral Springs, this two-story light industrial office/warehouse offers 4,335 square feet of fully air-conditioned workspace. The property features 18-foot ceilings and a 10x10 grade-level roll-up door. The interior includes six private offices with the potential to add more, and two bathrooms. Ten assigned parking spaces are provided. Additional adjacent units are available, with three units that can be sold separately or together for a total of 13,491 square feet. Unit 102 is approximately 4,140 square feet, Unit 104 is approximately 5,016 square feet. The property is located minutes from the Sawgrass Expressway and Turnpike. The location has a walk score of 57, indicating it is somewhat walkable, and a bike score of 44, indicating it is somewhat bikeable. The transit score is 17, indicating minimal transit options. The owner is open to rental options and possibly a lease option. The property is intended for light industrial, office, or warehouse use.
Key Highlights
- Prime location on Coral Ridge Drive, a high‑traffic area in Coral Springs.
- 4,335± square feet of fully air‑conditioned workspace with 18‑foot ceilings.
- Grade‑level 10x10 roll‑up door for easy access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,242
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,840
$1.2M
Cap Rate 7%
$846,314
$846.3K
Cap Rate 9%
$658,244
$658.2K
Market Conditions
NOI Build-Up for 4,335 SF
Gross rent
$88.4K $20.40/SF
− Vacancy
−$3.8K −$0.88/SF
EGI
$84.6K $19.52/SF
− OpEx
−$25.4K −$5.86/SF
NOI
$59.2K $13.67/SF
Area
Coral Springs, FL
Vacancy
4.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,840
Cap Rate 7%
$846,314
Cap Rate 9%
$658,244
Alternative Uses
Best Use
Industrial
$846.3K
$740.5K – $987.4K
NOI $59,242 @ 7.0% cap · market cap 4.25%
Second Best
Flex RnD
$785.9K
$687.6K – $916.8K
NOI $55,010 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$2.20M
$1.92M – $2.57M
NOI $153,953 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Coral Springs, FL
Properties on Market for Flex space in Coral Springs
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- DEFANCY — 3257 NW 118th Dr, Coral Springs, FL 33065
- YupiPops — 12201 NW 35th St, Coral Springs, FL 33065
- Door To Door Catering Inc — 7041 W Commercial Blvd, #6d, Tamarac, FL 33319
- JULIANS ON WHEELS — 11570 Wiles Rd, Coral Springs, FL 33076
Frequently Asked Questions
What type of property is this?
Flex space - Modern, fully air-conditioned industrial space in prime Coral Springs location.
Where is this flex space located?
The property is located at 3650 Coral Rdg Dr 103 Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Prime location on Coral Ridge Drive, a high‑traffic area in Coral Springs.; 4,335± square feet of fully air‑conditioned workspace with **18‑foot ceilings**.; Grade‑level **10x10 roll‑up door** for easy access.
