Listing Agency: LoKation m**@lokationre.com Show Phone

Listed By: Stephanie Ferrato · License #3374588 Show Phone

Source: Exprealty

Added: Oct 9 Changed: Oct 21 Last Checked: Oct 21 at 2:26AM

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Investment Insights

Based on property information with market context.

This Coral Springs flex property contains 4,443 square feet of warehouse and office space, with additional mezzanine area. The building offers 21-foot clear height, dock-high and grade-level loading, and a sprinkler system. Impact- and hurricane-resistant glass, fresh interior paint, updated office wallpaper, and a recently installed security camera system are also included.

The property is in Coral Springs’ industrial district, near the Sawgrass Expressway and other major highways, with access across South Florida.

Key Highlights

• 4,443 square feet plus additional mezzanine space
• 21‑foot clear height
• Dock‑high and grade‑level loading

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,729

Cap Rate

4.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,474,580 $1.5M

Cap Rate 7%

$1,053,271 $1.1M

Cap Rate 9%

$819,211 $819.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,443 SF

Gross rent

$90.6K $20.40/SF

− Vacancy

−$3.9K −$0.88/SF

EGI

$86.7K $19.52/SF

− OpEx

−$13.0K −$2.93/SF

NOI

$73.7K $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%

$1,474,580

Cap Rate 7%

$1,053,271

Cap Rate 9%

$819,211

Alternative Uses

Best Use

Warehouse

$1.05M

$921.6K – $1.23M (±1% cap)

NOI $73,729 @ 7.0% cap · market cap 4.48%

Second Best

Industrial

$867.4K

$759.0K – $1.01M (±1% cap)

NOI $60,718 @ 7.0% cap · market cap 3.69%

Theoretical Best

Specialty Retail

$7.58M

$6.63M – $8.84M (±1% cap)

NOI $530,362 @ 7.0% cap · market cap 32.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Parking Lot & Garage Real Estate Agency Law Firm Pharmacy (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

21 ft

Clear height

Yes

Sprinkler system

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

960

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 33064, FL

62,429

Population

26,641

Households

2.3

Avg Household Size

39

Median Age

29%

College-Educated

82%

High-School Grad

10.2 sq mi

ZIP Area

6,120

Density / Sq Mi

$66,269

Median Household Income

$35,090

Median Earnings

$1,689

Median Rent

$293,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Flex Space with Mezzanine

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Warehouse with Regional Highway Access

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Similar Off Market Nearby

• Catering 2 Your Needs — 4040 NE 2nd Ave, Pompano Beach, FL 33064
• Beautiful Cuisine, LLC — 4121 NE 4th Ave, Lighthouse Point, FL 33064
• Minto's Catering — 4743 NW 6th Ave, Pompano Beach, FL 33064

Frequently Asked Questions

What type of property is this?

Flex space - A combined warehouse and office layout includes mezzanine space for additional functionality.

Where is this flex space located?

The property is located at 8-12481 Nw 44th St Coral Springs, FL.

What is the asking price?

The asking price for this property is $1,646,000.

What are key features of this property?

This property features: 4,443 square feet plus additional mezzanine space; 21‑foot clear height; Dock‑high and grade‑level loading