Air-Conditioned Office/Warehouse
For Sale
$495,000
8-3660 Nw 126th Ave, Coral Springs, FL 33071
Move-in ready unit includes carpeted private office space and an air-conditioned warehouse with a 10' x 12' roll-up door.
Property Size1,326 SF
Price / SF$373.30
Days on Market94
Property Features for 8-3660 Nw 126th Ave
General Information
Standard status
Active
Size
1,326 SF
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,936
Listing Agency:
Avenew Realty Corp
(786) 888-0198
Listed By:
Juan Pablo Molina
(305) 799-3409
Source:
Exprealty
Added: Jun 5
Changed: Sep 5
Last Checked: Sep 5 at 11:50AM
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 Avenew Realty Corp
Investment Insights
Based on property information with market context.
This fully air-conditioned office/warehouse unit offers a functional mix of work and office space, including a carpeted private office area. The air-conditioned warehouse features an approximately 18-foot clear ceiling height and a mezzanine level that helps maximize usable space beyond the stated 1,326 SF footprint.
The unit has a roll-up garage door measuring 10' W by 12' H. It is currently tenant-occupied and will be delivered vacant at closing.
Located in the Coral Springs Corporate Park, the property provides easy access to the Sawgrass Expressway for connectivity throughout South Florida.
The unit has a roll-up garage door measuring 10' W by 12' H. It is currently tenant-occupied and will be delivered vacant at closing.
Located in the Coral Springs Corporate Park, the property provides easy access to the Sawgrass Expressway for connectivity throughout South Florida.
Key Highlights
- Fully air‑conditioned office/warehouse unit in Coral Springs Corporate Park
- Includes carpeted private office area plus air‑conditioned warehouse space
- 18‑foot clear ceiling height and a mezzanine level to expand usable space beyond the 1,326 SF footprint
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
$22,004
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
4.45%
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%
$440,080
$440.1K
Cap Rate 7%
$314,343
$314.3K
Cap Rate 9%
$244,489
$244.5K
Market Conditions
NOI Build-Up for 1,326 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
$27.1K $20.40/SF
− Vacancy
−$1.2K −$0.88/SF
EGI
$25.9K $19.52/SF
− OpEx
−$3.9K −$2.93/SF
NOI
$22.0K $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 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%
$440,080
Cap Rate 7%
$314,343
Cap Rate 9%
$244,489
Alternative Uses
Best Use
Office B
$1.78M
$1.56M – $2.08M
NOI $124,719 @ 7.0% cap · market cap 25.20%
Second Best
Warehouse
$314.3K
$275.1K – $366.7K
NOI $22,004 @ 7.0% cap · market cap 4.45%
Theoretical Best
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,285 @ 7.0% cap · market cap 31.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33071, FL
40,026
Population
14,184
Households
2.8
Avg Household Size
40
Median Age
43%
College-Educated
95%
High-School Grad
7.5 sq mi
ZIP Area
5,337
Density / Sq Mi
$100,279
Median Household Income
$50,090
Median Earnings
$2,092
Median Rent
$537,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Move-in ready unit includes carpeted private office space and an air-conditioned warehouse with a 10' x 12' roll-up door.
Where is this flex space located?
The property is located at 8-3660 Nw 126th Ave Coral Springs, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Fully air‑conditioned office/warehouse unit in Coral Springs Corporate Park; Includes carpeted private office area plus air‑conditioned warehouse space; 18‑foot clear ceiling height and a mezzanine level to expand usable space beyond the 1,326 SF footprint
