Warehouse with Roll-Up
5851 SW 23rd St, West Park, FL 33023
For Sale
New
Contact for pricing
The space includes a small office, a restroom, and two parking spaces.
Property Size3,629 SF
Price / SF$0.41
Days on Market5
Property Features for 5851 SW 23rd St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Warehouse Space
Property Use
Amenities
0.14614 acres
Parcel Number: 514124030370, Public Survey Range: 51, Public Survey Section: 24, Public Survey Township: 51, Annual Amount: $13,191, Legal Description: WEST HOLLYWOOD HILLS 6-25 B LOT 25,26 BLK 4, Zoning: TOC
Listing ID: A12118913, Standard Status: Active, MLS Status: Active, Property Subtype: Industrial, On market as of 2026-11-05, Special Conditions: Lease
Built in 1973, Living area: 3629, Living area units: Square Feet
County/Parish: Broward County
Leasable area: 907, Leasable area units: Square Feet
Building Details
Year Built
Listing Agency:
RE/MAX 5 Star Realty
(954) 361-0000
Listed By:
Max Smith · License #3332711
(954) 417-9819
Source:
Riserealty
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:38PM
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 RE/MAX 5 Star Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property includes a roll-up door, high ceilings, a small office, and a bathroom. The space is vacant and was built in 1973.
Key Highlights
- Roll‑up door for warehouse access
- High ceilings
- Small office and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,202
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,040
$1.2M
Cap Rate 7%
$845,743
$845.7K
Cap Rate 9%
$657,800
$657.8K
Market Conditions
NOI Build-Up for 3,629 SF
Gross rent
$73.2K $20.16/SF
− Vacancy
−$3.5K −$0.97/SF
EGI
$69.6K $19.19/SF
− OpEx
−$10.4K −$2.88/SF
NOI
$59.2K $16.31/SF
Area
Broward County, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,040
Cap Rate 7%
$845,743
Cap Rate 9%
$657,800
Alternative Uses
Best Use
Warehouse
$845.7K
$740.0K – $986.7K
NOI $59,202 @ 7.0% cap · market cap 3,946.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,880 @ 7.0% cap · market cap 8,592.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,954
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Broward County, FL
Properties on Market for Warehouses in Broward County
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - The space includes a small office, a restroom, and two parking spaces.
Where is this warehouse located?
The property is located at 5851 SW 23rd St West Park, FL.
What are key features of this property?
This property features: Roll‑up door for warehouse access; High ceilings; Small office and bathroom
