Flex Space with
3762 NW 124th Ave 205, Coral Springs, FL 33065
For Sale
$499,000
A condominium layout pairs air-conditioned private offices with an open warehouse work and storage area.
Property Size1,677 SF
Price / SF$297.56
Days on Market32
Property Features for 3762 NW 124th Ave 205
General Information
Standard status
Size
Zoning
Additional Details
Drive-In Doors
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Total R E Consultants Inc
Listed By:
J. Josep Pelayo · License FL A11997717
(954) 341-3294
Source:
Evrealestate
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 8 at 5:17AM
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
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Investment Insights
Based on property information with market context.
This 1,677±-square-foot flex condominium at The Horizon Center combines multiple private offices with an open warehouse and work area. The offices have finished floors and air conditioning, with natural light. Warehouse features include a grade-level roll-up door, high ceilings, interior stairs, and a substantial mezzanine that adds usable area above the main floor. The property is zoned IRD (Industrial, Research & Development); potential uses are subject to city approval.
The property is within 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 property is within 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 condominium
- Multiple private offices with natural light, finished flooring, and air conditioning
- Open warehouse work and storage 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
Office A
$850.8K
$744.5K – $992.6K
NOI $59,557 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
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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
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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
$416,800
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Coral Springs, FL
Properties on Market for Flex space in Coral Springs
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - A condominium layout pairs air-conditioned private offices with an open warehouse work and storage area.
Where is this flex space located?
The property is located at 3762 NW 124th Ave 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 condominium; Multiple private offices with natural light, finished flooring, and air conditioning; Open warehouse work and storage area with a grade‑level roll‑up door
