Coral Springs Industrial
For Sale
$1,395,000
3650 Coral Rdg Dr 103, Coral Springs, FL 33065
Modern, fully air-conditioned industrial space in prime Coral Springs location.
Property Size4,323 SF
Price / SF$321.80
Days on Market136
Property Features for 3650 Coral Rdg Dr 103
General Information
Standard status
Active
Size
4,323 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$14,522
Building Details
Building Size
4,323 SF
Year Built
1986
Stories
2
Listing Agency:
Fidelity Real Estate Group LLC
(954) 234-7653
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Source:
Elliman
Added: Mar 31
Changed: Aug 8
Last Checked: Aug 8 at 5:54AM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,937
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,438,740
$1.4M
Cap Rate 7%
$1,027,671
$1.0M
Cap Rate 9%
$799,300
$799.3K
Market Conditions
NOI Build-Up for 4,335 SF
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.
Gross rent
$88.4K $20.40/SF
− Vacancy
−$3.8K −$0.88/SF
EGI
$84.6K $19.52/SF
− OpEx
−$12.7K −$2.93/SF
NOI
$71.9K $16.59/SF
Area
Coral Springs, FL
Vacancy
4.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,438,740
Cap Rate 7%
$1,027,671
Cap Rate 9%
$799,300
Alternative Uses
Best Use
Warehouse
$1.03M
$899.2K – $1.20M
NOI $71,937 @ 7.0% cap · market cap 5.16%
Second Best
Industrial
$846.3K
$740.5K – $987.4K
NOI $59,242 @ 7.0% cap · market cap 4.25%
Theoretical Best
Specialty Retail
$7.39M
$6.47M – $8.62M
NOI $517,470 @ 7.0% cap · market cap 37.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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.
