Flex Space with
New
For Sale
$499,000
3762 NW 124th Avenue #205, Coral Springs, FL 33065
Office and warehouse areas combine with a grade-level loading door and additional elevated workspace.
Property Size1,677 SF
Price / SF$297.56
Days on Market2
Property Features for 3762 NW 124th Avenue #205
General Information
Standard status
Active
Size
1,677 SF
Zoning
IRD
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$8,155
Building Details
Building Size
1,677 SF
Year Built
2004
Listing Agency:
Total R E Consultants Inc
Listed By:
J. Josep D Pelayo · License #A11997717
(954) 341-3294
Source:
Laerrealty
Added: Oct 11
Last Checked: Oct 11 at 2:42AM
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 1,677±-square-foot flex condo combines private office rooms with an open warehouse and work area. The offices have finished floors, air conditioning, and natural light. A grade-level roll-up door serves the warehouse, which also has high ceilings and a substantial mezzanine reached by interior stairs. Built in 2004, the property is zoned IRD (Industrial, Research & Development); uses remain subject to city approval.
The unit is in The Horizon Center at Coral Springs Corporate Park in Northwest Broward County. Regional connections include the Sawgrass Expressway, Florida's Turnpike, I-75, I-595, and I-95.
The unit is in The Horizon Center at Coral Springs Corporate Park in Northwest Broward County. Regional connections include the Sawgrass Expressway, Florida's Turnpike, I-75, I-595, and I-95.
Key Highlights
- 1,677± square feet in an office/warehouse condo
- Private offices with finished flooring, natural light, and air conditioning
- Open warehouse/work area with a grade‑level roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,829
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,580
$556.6K
Cap Rate 7%
$397,557
$397.6K
Cap Rate 9%
$309,211
$309.2K
Market Conditions
NOI Build-Up for 1,677 SF
Gross rent
$34.2K $20.40/SF
− Vacancy
−$1.5K −$0.88/SF
EGI
$32.7K $19.52/SF
− OpEx
−$4.9K −$2.93/SF
NOI
$27.8K $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 Rate 5%
$556,580
Cap Rate 7%
$397,557
Cap Rate 9%
$309,211
Alternative Uses
Best Use
Warehouse
$397.6K
$347.9K – $463.8K
NOI $27,829 @ 7.0% cap · market cap 5.58%
Second Best
Industrial
$327.4K
$286.5K – $382.0K
NOI $22,918 @ 7.0% cap · market cap 4.59%
Theoretical Best
Specialty Retail
$2.86M
$2.50M – $3.34M
NOI $200,184 @ 7.0% cap · market cap 40.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas combine with a grade-level loading door and additional elevated workspace.
Where is this flex space located?
The property is located at 3762 NW 124th Avenue #205 Coral Springs, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,677± square feet in an office/warehouse condo; Private offices with finished flooring, natural light, and air conditioning; Open warehouse/work area with a grade‑level roll‑up door
