Coral Springs Industrial
3650 Coral Rdg Dr 104 Coral Springs, FL 33065
For Sale
$1,595,000
Modern, two-story light industrial office/warehouse in Coral Springs.
Property Size5,016 SF
Price / SF$317.98
Days on Market97
Property Features for 3650 Coral Rdg Dr 104
General Information
Standard status
Active
Size
5,016 SF
Property subtype
Industrial
Building Details
Year Built
1986
Listing Agency:
Fidelity Real Estate Group
(954) 234-7653
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 9:19AM
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
Investment Insights
Based on property information with market context.
Located directly on Coral Ridge Drive, this modern two-story light industrial office/warehouse offers over 5016 square feet of fully air-conditioned workspace. The property features 18-foot ceilings and a grade-level 10x10 roll-up door. The interior includes six private offices with the potential to add more, and two bathrooms. There are 11 assigned parking spaces. Additional adjacent units are available, with three units that can be sold separately or together for a total of 13491 square feet. Unit 102 is 4140 square feet, and Unit 103 is 4335 square feet. The location is minutes from Sawgrass Expressway and the Turnpike. The property is somewhat bikeable with a score of 44, somewhat walkable with a score of 57, and has minimal transit with a score of 17.
Key Highlights
- Prime location on Coral Ridge Drive, a high‑traffic area in Coral Springs.
- 5016± sq ft of fully air‑conditioned workspace with 18‑foot ceilings.
- Grade‑level 10x10 roll‑up door for easy loading and unloading.
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 | $102.3k | $20.40 |
| − Vacancy | −$4.4k | −$0.88 |
| EGI | $97.9k | $19.52 |
| − OpEx | −$14.7k | −$2.93 |
| NOI | $83.2k | $16.59 |
5,016 SF · lease $20.40/SF/yr · vacancy 4.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,237 @ 7.0% cap · market cap 5.22%
Second Best
Industrial
$979.3K
$856.9K – $1.14M
NOI $68,548 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$8.55M
$7.48M – $9.98M
NOI $598,761 @ 7.0% cap · market cap 37.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- DEFANCY — 3257 NW 118th Dr, Coral Springs, FL 33065
- YupiPops — 12201 NW 35th St, Coral Springs, FL 33065
- JULIANS ON WHEELS — 11570 Wiles Rd, Coral Springs, FL 33076
- Door To Door Catering Inc — 7041 W Commercial Blvd, #6d, Tamarac, FL 33319
Frequently Asked Questions
What type of property is this?
Flex space - Modern, two-story light industrial office/warehouse in Coral Springs.
Where is this flex space located?
The property is located at 3650 Coral Rdg Dr 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: Prime location on Coral Ridge Drive, a high‑traffic area in Coral Springs.; **5016± sq ft of fully air‑conditioned workspace with 18‑foot ceilings.**; Grade‑level 10x10 roll‑up door for easy loading and unloading.
