Office/Warehouse Flex
3760-3788 NW 124th Ave Coral Springs, FL 33065
For Sale
Contact for pricing
Flex condo features a mezzanine office and a 10x10 grade-level roll-up door for loading within the warehouse.
Property Size1,672 SF
Price / SF$328.95
Days on Market17
Property Features for 3760-3788 NW 124th Ave
General Information
- Standard status
- Active
- Size
- 1,672 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
Total Real Estate Consultants Inc
(954) 224-8773
Listed By:
Joe Pelayo · License #3005451
(954) 224-8773
Source:
Moodyscre
Added: Jul 7
Changed: Jul 23
Last Checked: Jul 23 at 6:53AM
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 Real Estate Consultants Inc
Investment Insights
Based on property information with market context.
The Horizon Center offers an office/warehouse condo with approximately 20% office use and a mezzanine office for additional workspace while preserving warehouse capacity. The warehouse includes one grade-level roll-up door sized 10x10, supporting efficient loading and operations for a variety of business needs.
Located within Coral Springs Corporate Park, the property provides convenient access to Wiles Rd, Coral Ridge Dr, University Dr, the Sawgrass Expressway, and Florida’s Turnpike.
The property is zoned IRD (Industrial Research & Development), making it well suited for qualifying uses such as contractors, distributors, e-commerce businesses, service providers, light manufacturing operations, and technology companies.
Located within Coral Springs Corporate Park, the property provides convenient access to Wiles Rd, Coral Ridge Dr, University Dr, the Sawgrass Expressway, and Florida’s Turnpike.
The property is zoned IRD (Industrial Research & Development), making it well suited for qualifying uses such as contractors, distributors, e-commerce businesses, service providers, light manufacturing operations, and technology companies.
Key Highlights
- 1,672± SF office/warehouse condo in The Horizon Center at Coral Springs Corporate Park
- Approximately 20% office with a mezzanine office for additional workspace
- Warehouse includes a 10x10 grade‑level roll‑up door for loading and operational access
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $20.40 |
| − Vacancy | −$1.5k | −$0.88 |
| EGI | $32.6k | $19.52 |
| − OpEx | −$4.9k | −$2.93 |
| NOI | $27.7k | $16.59 |
1,672 SF · lease $20.40/SF/yr · vacancy 4.30% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.25M
$1.97M – $2.62M
NOI $157,262 @ 7.0% cap · market cap 28.59%
Second Best
Warehouse
$396.4K
$346.8K – $462.4K
NOI $27,746 @ 7.0% cap · market cap 5.04%
Theoretical Best
Specialty Retail
$2.85M
$2.49M – $3.33M
NOI $199,587 @ 7.0% cap · market cap 36.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- DEFANCY — 3257 NW 118th Dr, Coral Springs, FL 33065
- YupiPops — 12201 NW 35th St, Coral Springs, FL 33065
- JULIANS ON WHEELS — 11570 Wiles Rd, Coral Springs, FL 33076
- Door To Door Catering Inc — 7041 W Commercial Blvd, #6d, Tamarac, FL 33319
FAQs
What type of property is this?
Flex space - Flex condo features a mezzanine office and a 10x10 grade-level roll-up door for loading within the warehouse.
Where is this flex space located?
The property is located at 3760-3788 NW 124th Ave Coral Springs, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,672± SF office/warehouse condo in The Horizon Center at Coral Springs Corporate Park; Approximately 20% office with a mezzanine office for additional workspace; Warehouse includes a 10x10 grade‑level roll‑up door for loading and operational access
