Coral Springs Flex Space
For Sale
Contact for pricing
3660 NW 126th Avenue 6 & 7, Coral Springs, FL 33065
Two flex units for sale in Coral Springs Corporate Park.
Property Size2,914 SF
Price / SF$338.02
Days on Market192
Property Features for 3660 NW 126th Avenue 6 & 7
General Information
Standard status
Active
Size
2,914 SF
Property subtype
Industrial
Zoning
IRD
Building Details
Year Built
1999
Listing Agency:
Total R E Consultants Inc
Listed By:
Joe Pelayo, CCIM, SIOR, CIPS · License #3005451
Source:
Crexi
Added: Feb 19
Changed: Aug 27
Last Checked: Aug 25 at 4:17AM
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.
Located in Coral Springs Corporate Park, this property includes two units, Unit 6 and Unit 7, totaling approximately 2914 square feet. Each unit is approximately 1457 square feet and can be combined. Unit 6 features a layout of approximately 40% office space and 60% warehouse space, while Unit 7 is approximately 45% office and 55% warehouse. Each unit includes a reception area and one roll-up garage door measuring 10 feet wide by 12 feet high. The warehouse area has an 18-foot clear ceiling height. Unit 6 is currently leased with a tenant in place. Unit 7 is vacant and available for immediate move-in upon closing. The property offers easy access to the Sawgrass Expressway.
Key Highlights
- Two units totaling 2914 +\/- SQFT, offering flexibility to combine or use separately.
- Unit 7 is vacant and ready for immediate occupancy.
- Each unit includes both office and warehouse space.
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
$39,823
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
4.04%
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%
$796,460
$796.5K
Cap Rate 7%
$568,900
$568.9K
Cap Rate 9%
$442,478
$442.5K
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
−$17.1K −$5.86/SF
NOI
$39.8K $13.67/SF
Area
Coral Springs, FL
Vacancy
4.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
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%
$796,460
Cap Rate 7%
$568,900
Cap Rate 9%
$442,478
Alternative Uses
Best Use
Industrial
$568.9K
$497.8K – $663.7K
NOI $39,823 @ 7.0% cap · market cap 4.04%
Second Best
Flex RnD
$528.3K
$462.2K – $616.3K
NOI $36,978 @ 7.0% cap · market cap 3.75%
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $347,845 @ 7.0% cap · market cap 35.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Well-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
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Frequently Asked Questions
What type of property is this?
Flex space - Two flex units for sale in Coral Springs Corporate Park.
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 $985,000.
What are key features of this property?
This property features: Two units totaling 2914 +\/- SQFT, offering flexibility to combine or use separately.; Unit 7 is vacant and ready for immediate occupancy.; Each unit includes both office and warehouse space.
