Flex Space with Roll-Up Garage
For Sale
$389,000
Pending
4450 NW 126th Ave Unit 104, Coral Springs, FL 33065
Flex space in an industrial park zoning district with roll-up access and high clear ceilings.
Property Size2,200 SF
Days on Market2091
Property Features for 4450 NW 126th Ave Unit 104
General Information
Standard status
Pending
Size
2,200 SF
Property subtype
General Commercial
Zoning
IRD
Warehouse & Industrial
Clear Height
21 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,930
Amenities
3
Building Details
Year Built
2004
Building Size
2,200 SF
Listing Agency:
Total R E Consultants Inc
(954) 551-9427
Listed By:
J. Josep Pelayo · License #A12048902
(954) 551-9427
Source:
Xome
Added: Nov 21, 2020
Changed: Aug 8
Last Checked: Jul 30 at 2:52AM
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.
Flex space office/warehouse offering 2,200 SF in the Corporate Park of Coral Springs. The space includes 3 guest facilities and is supported by a roll-up garage door. Interior clear height reaches 21' and the property is zoned IRD (Industrial Park). Built in 2004, it’s designed for day-to-day operational use typical of office/warehouse environments.
The location provides easy access to the Sawgrass Expy, supporting convenient employee and vendor travel. No pool is listed for the property.
For tenants or buyers seeking a compact office/warehouse configuration within an industrial park setting, this setup combines roll-up access, substantial clear height, and integrated office support in a single 2,200 SF facility.
The location provides easy access to the Sawgrass Expy, supporting convenient employee and vendor travel. No pool is listed for the property.
For tenants or buyers seeking a compact office/warehouse configuration within an industrial park setting, this setup combines roll-up access, substantial clear height, and integrated office support in a single 2,200 SF facility.
Key Highlights
- 2,200 SF office/warehouse flex space
- Zoned IRD (Industrial Park)
- Roll‑up garage door
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
$30,065
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
7.73%
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%
$601,300
$601.3K
Cap Rate 7%
$429,500
$429.5K
Cap Rate 9%
$334,056
$334.1K
Market Conditions
NOI Build-Up for 2,200 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
$44.9K $20.40/SF
− Vacancy
−$1.9K −$0.88/SF
EGI
$43.0K $19.52/SF
− OpEx
−$12.9K −$5.86/SF
NOI
$30.1K $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%
$601,300
Cap Rate 7%
$429,500
Cap Rate 9%
$334,056
Alternative Uses
Best Use
Office B
$2.96M
$2.59M – $3.45M
NOI $206,924 @ 7.0% cap · market cap 53.19%
Second Best
Warehouse
$521.5K
$456.4K – $608.5K
NOI $36,508 @ 7.0% cap · market cap 9.39%
Theoretical Best
Specialty Retail
$3.75M
$3.28M – $4.38M
NOI $262,615 @ 7.0% cap · market cap 67.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Under-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space in an industrial park zoning district with roll-up access and high clear ceilings.
Where is this flex space located?
The property is located at 4450 NW 126th Ave Unit 104 Coral Springs, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 2,200 SF office/warehouse flex space; Zoned IRD (Industrial Park); Roll‑up garage door
