Two-Story Light Industrial
For Sale
$1,395,000
3650 Coral Ridge Drive #103, Coral Springs, FL 33065
Fully air-conditioned light industrial workspace with roll-up access, private offices, and assigned parking.
Property Size4,323 SF
Price / SF$321.80
Days on Market52
Property Features for 3650 Coral Ridge Drive #103
General Information
Standard status
Active
Size
4,323 SF
Total Parking Spaces
10
Zoning
IRD
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Additional Details
Office Units
6
Taxes and HOA fees
Annual Taxes
$14,522
Building Details
Building Size
4,323 SF
Year Built
1986
Buildings
1
Stories
2
Listing Agency:
Fidelity Real Estate Group LLC
(954) 234-7653
Listed By:
Carlos A Montoya · License #3647244
(954) 234-7653
Source:
Laerrealty
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 26 at 5:50AM
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.
This modern two-story light industrial office/warehouse provides fully air-conditioned workspace with 18-foot ceilings and a grade-level 10x10 roll-up door. The interior includes six private offices, two bathrooms, and practical warehouse/office separation for day-to-day operations. Ten assigned parking spaces support employee and client access.
The property is located directly on Coral Ridge Drive in Coral Springs, an area described as high-traffic and desirable in the marketing remarks. It is positioned for convenient regional connectivity, with the Sawgrass Expressway and Turnpike minutes away.
Available as unit 103, the space totals 4,335± square feet and is configured for a tenant that needs both office functionality and light industrial capabilities. The owner also has adjacent units available that can be sold separately or together, including units 102 (4,140± SF) and 104 (5,016± SF), for a combined option of up to 13,491± square feet. Rental options and possible lease-to-own terms are also under consideration.
The property is located directly on Coral Ridge Drive in Coral Springs, an area described as high-traffic and desirable in the marketing remarks. It is positioned for convenient regional connectivity, with the Sawgrass Expressway and Turnpike minutes away.
Available as unit 103, the space totals 4,335± square feet and is configured for a tenant that needs both office functionality and light industrial capabilities. The owner also has adjacent units available that can be sold separately or together, including units 102 (4,140± SF) and 104 (5,016± SF), for a combined option of up to 13,491± square feet. Rental options and possible lease-to-own terms are also under consideration.
Key Highlights
- Two‑story light industrial office/warehouse built in 1986 with fully air‑conditioned workspace
- Over 4,335± SF with 18‑foot ceilings and grade‑level 10x10 roll‑up door
- Six private offices plus room to add more, and two bathrooms
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
Lease Details
18 ft
Clear height
1
Drive-in doors
6
Office units
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.
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 - Fully air-conditioned light industrial workspace with roll-up access, private offices, and assigned parking.
Where is this flex space located?
The property is located at 3650 Coral Ridge Drive #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: Two‑story light industrial office/warehouse built in 1986 with fully air‑conditioned workspace; Over 4,335± SF with 18‑foot ceilings and grade‑level 10x10 roll‑up door; Six private offices plus room to add more, and two bathrooms
