Office/Warehouse Flex
For Sale
$495,000
3660 NW 126th Avenue #8, Coral Springs, FL 33065
Fully air-conditioned office and warehouse configuration with mezzanine and a roll-up garage door for versatile operations.
Property Size1,326 SF
Days on Market60
Property Features for 3660 NW 126th Avenue #8
General Information
Standard status
Active
Size
1,326 SF
Zoning
IRD
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,936
Building Details
Building Size
1,326 SF
Year Built
1999
Listing Agency:
Avenew Realty Corp
(305) 799-3409
Listed By:
Juan Molina
(305) 799-3409
Source:
Laerrealty
Added: Jun 12
Changed: Aug 8
Last Checked: Jun 13 at 3:08AM
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 Avenew Realty Corp
Investment Insights
Based on property information with market context.
This for-sale office/warehouse flex unit includes a carpeted office area, air-conditioned warehouse space, and a mezzanine level. The property features one roll-up garage door measuring 10' wide by 12' high, along with approximately 18-foot clear ceiling height within the warehouse. Built to support both administrative and light distribution or storage functions, the space combines climate-controlled work areas with a taller open work/warehouse volume.
The unit is located within the Coral Springs Corporate Park and is described as having easy access to the Sawgrass Expressway, supporting convenient regional connectivity across South Florida. The unit is currently tenant-occupied, with delivery planned as vacant prior to closing.
For an owner-user, the layout supports operations that require an on-site office alongside a functional warehouse area, with the mezzanine offering additional usable space. For an investor, the ability to receive the unit vacant at closing provides flexibility for immediate re-tenanting or reconfiguration, based on the buyer’s business plans. The combination of air-conditioned space, roll-up access, and clear height is well suited to a range of office-and-warehouse tenants seeking a compact, functional setup.
The unit is located within the Coral Springs Corporate Park and is described as having easy access to the Sawgrass Expressway, supporting convenient regional connectivity across South Florida. The unit is currently tenant-occupied, with delivery planned as vacant prior to closing.
For an owner-user, the layout supports operations that require an on-site office alongside a functional warehouse area, with the mezzanine offering additional usable space. For an investor, the ability to receive the unit vacant at closing provides flexibility for immediate re-tenanting or reconfiguration, based on the buyer’s business plans. The combination of air-conditioned space, roll-up access, and clear height is well suited to a range of office-and-warehouse tenants seeking a compact, functional setup.
Key Highlights
- 1999‑built, fully air‑conditioned office/warehouse unit in Coral Springs Corporate Park
- Includes carpeted office area plus air‑conditioned warehouse space
- Warehouse features a mezzanine level for added functional 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
$22,004
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
4.45%
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%
$440,080
$440.1K
Cap Rate 7%
$314,343
$314.3K
Cap Rate 9%
$244,489
$244.5K
Market Conditions
NOI Build-Up for 1,326 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
$27.1K $20.40/SF
− Vacancy
−$1.2K −$0.88/SF
EGI
$25.9K $19.52/SF
− OpEx
−$3.9K −$2.93/SF
NOI
$22.0K $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%
$440,080
Cap Rate 7%
$314,343
Cap Rate 9%
$244,489
Alternative Uses
Best Use
Office B
$1.78M
$1.56M – $2.08M
NOI $124,719 @ 7.0% cap · market cap 25.20%
Second Best
Warehouse
$314.3K
$275.1K – $366.7K
NOI $22,004 @ 7.0% cap · market cap 4.45%
Theoretical Best
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,285 @ 7.0% cap · market cap 31.98%
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
Yes
Highway access
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully air-conditioned office and warehouse configuration with mezzanine and a roll-up garage door for versatile operations.
Where is this flex space located?
The property is located at 3660 NW 126th Avenue #8 Coral Springs, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1999‑built, fully air‑conditioned office/warehouse unit in Coral Springs Corporate Park; Includes carpeted office area plus air‑conditioned warehouse space; Warehouse features a mezzanine level for added functional space
