Two-Unit Flex
For Sale
$935,750
3660 NW 126th Avenue 6 7, Coral Springs, FL 33065
Two connected commercial units combine office and warehouse areas with separate roll-up access and immediate occupancy available in one unit.
Property Size2,914 SF
Price / SF$321.12
Days on Market14
Property Features for 3660 NW 126th Avenue 6 7
General Information
Standard status
Active
Size
2,914 SF
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
2
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Listing Agency:
Total R E Consultants Inc
(954) 482-1330
Listed By:
J. Josep D Pelayo, Jordi Pelayo · License #3390862
Source:
Thepennteam
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 28 at 10:49AM
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 Total R E Consultants Inc
Investment Insights
Based on property information with market context.
This flex-space offering includes Units 6 and 7, totaling approximately 2,914 square feet, with each unit measuring approximately 1,457 square feet. The spaces are currently separated but may be combined. Unit 6 contains about 40% office and 60% warehouse area, while Unit 7 provides approximately 45% office and 55% warehouse space. Both units include reception areas and one roll-up garage door measuring 10 feet wide by 12 feet high. Warehouse areas have 18-foot clear ceiling height.
Unit 6 is leased with a tenant in place, while Unit 7 is vacant and available for immediate move-in upon closing. The property was built in 2006 and offers access to Sawgrass Expressway.
Unit 6 is leased with a tenant in place, while Unit 7 is vacant and available for immediate move-in upon closing. The property was built in 2006 and offers access to Sawgrass Expressway.
Key Highlights
- Two units totaling 2,914 +/- SQFT; each unit is 1,457 +/- SQFT
- Units 6 and 7 are currently divided but can be combined
- Unit 6 is about 40% office and 60% warehouse
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
$48,356
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
5.17%
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%
$967,120
$967.1K
Cap Rate 7%
$690,800
$690.8K
Cap Rate 9%
$537,289
$537.3K
Market Conditions
NOI Build-Up for 2,914 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
$59.4K $20.40/SF
− Vacancy
−$2.6K −$0.88/SF
EGI
$56.9K $19.52/SF
− OpEx
−$8.5K −$2.93/SF
NOI
$48.4K $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%
$967,120
Cap Rate 7%
$690,800
Cap Rate 9%
$537,289
Alternative Uses
Best Use
Office B
$3.92M
$3.43M – $4.57M
NOI $274,081 @ 7.0% cap · market cap 29.29%
Second Best
Warehouse
$690.8K
$604.5K – $805.9K
NOI $48,356 @ 7.0% cap · market cap 5.17%
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $347,845 @ 7.0% cap · market cap 37.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
877
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two connected commercial units combine office and warehouse areas with separate roll-up access and immediate occupancy available in one unit.
Where is this flex space located?
The property is located at 3660 NW 126th Avenue 6 7 Coral Springs, FL.
What is the asking price?
The asking price for this property is $935,750.
What are key features of this property?
This property features: Two units totaling 2,914 +/- SQFT; each unit is 1,457 +/- SQFT; Units 6 and 7 are currently divided but can be combined; Unit 6 is about 40% office and 60% warehouse
