Light Industrial Office/Warehouse with
For Sale
$1,395,000
3650 Coral Ridge Drive, Coral Springs, FL 33065
COMMERCIAL - Coral Springs, FL
Property Size4,323 SF
Lot Size0.10 Acres
Price / SF$322.69
Days on Market150
Property Features for 3650 Coral Ridge Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IRD
Parking
10
Parking features
Assigned
Security features
Security System
Subdivision
3625
Standard status
Active
APN
484118bc0030
Size
4,323 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PARK RIDGE BUSINESS CENTER COMM CONDO UNIT 103 PER CDO BK/PG: 42755/780
Tax Annual Amount
14522
HOA Fee
$1,514 Monthly
Legal Description
PARK RIDGE BUSINESS CENTER COMM CONDO UNIT 103 PER CDO BK/PG: 42755/780
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
2
Flooring type
Concrete
Building materials
Concrete Block - No Stucco
Roof type
Concrete
Listing Agency:
Fidelity Real Estate Group LLC
(954) 345-9144
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Added: Mar 30
Changed: Aug 4
Last Checked: Aug 26 at 6:06AM
MLS# B26008788
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 3650 Coral Ridge Drive in Coral Springs, this two-story light industrial office/warehouse offers fully air-conditioned workspace with 18-foot ceilings. The building includes a grade-level 10x10 roll-up door, six private offices with potential to add more, and two bathrooms, along with 10 assigned parking spaces.
Zoned IRD, the property is positioned directly on Coral Ridge Drive and is described as being in a high-traffic area. The owner is open to rental options and possibly a lease option, and the property is noted as being minutes to the Sawgrass Expressway and Turnpike.
The listing also references additional adjacent units that can be sold separately or together: three units totaling 13,491 square feet, including Unit 102 at 4,140 +/- square feet, Unit 103 at 4,335 square feet, and Unit 104 at 5,016 +/- square feet.
Zoned IRD, the property is positioned directly on Coral Ridge Drive and is described as being in a high-traffic area. The owner is open to rental options and possibly a lease option, and the property is noted as being minutes to the Sawgrass Expressway and Turnpike.
The listing also references additional adjacent units that can be sold separately or together: three units totaling 13,491 square feet, including Unit 102 at 4,140 +/- square feet, Unit 103 at 4,335 square feet, and Unit 104 at 5,016 +/- square feet.
Key Highlights
- Prime location on high‑traffic Coral Ridge Drive.
- 4,335 sq ft of fully air‑conditioned office/warehouse space.
- 18‑foot ceilings and grade‑level 10x10 roll‑up door.
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
$71,738
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
5.14%
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%
$1,434,760
$1.4M
Cap Rate 7%
$1,024,829
$1.0M
Cap Rate 9%
$797,089
$797.1K
Market Conditions
NOI Build-Up for 4,323 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
$88.2K $20.40/SF
− Vacancy
−$3.8K −$0.88/SF
EGI
$84.4K $19.52/SF
− OpEx
−$12.7K −$2.93/SF
NOI
$71.7K $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%
$1,434,760
Cap Rate 7%
$1,024,829
Cap Rate 9%
$797,089
Alternative Uses
Best Use
Warehouse
$1.02M
$896.7K – $1.20M
NOI $71,738 @ 7.0% cap · market cap 5.14%
Second Best
Industrial
$844.0K
$738.5K – $984.6K
NOI $59,078 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$7.37M
$6.45M – $8.60M
NOI $516,038 @ 7.0% cap · market cap 36.99%
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
Yes
Highway access
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 - Two-story, fully air-conditioned office/warehouse with 18-foot ceilings and a grade-level 10x10 roll-up door.
Where is this flex space located?
The property is located at 3650 Coral Ridge Drive 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 high‑traffic Coral Ridge Drive.; 4,335 sq ft of fully air‑conditioned office/warehouse space.; 18‑foot ceilings and grade‑level 10x10 roll‑up door.
