Versatile Multi-Flex Space For
405 SW 148th Avenue Davie, FL 33325
405 SW 148th Avenue, Davie, FL, 33325
Contact for pricing
For Sale
Contact for pricing
38,000 sqft light industrial space near I-75 and 595.
Property Size38,000 SF
Lot Size2.00 Acres
Price / SF$313.16
Days on Market672
Property Features for 405 SW 148th Avenue
General Information
- Standard status
- Active
- Size
- 38,000 SF
- Lot size
- 2.00 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2002
Listing Agency
Tommy Crivello Real Estate Group
(866) 738-9476
Listed by
Alexander Fernandez · License #FL SL3399994
Source
Crexi
Added: Sep 17, 2024 Updated: Jul 6 at 7:55 am Checked: Jul 19 at 8:15 am
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 Tommy Crivello Real Estate Group
Investment Insights
Based on property information with market context.
This property features 38,000 square feet of light industrial multi-flex space. Situated just off I-75 and 595, the location provides accessibility and visibility. There are 81 parking spaces available. The site is suitable for industrial, warehouse, or mixed-use purposes.
Key Highlights
- 38,000 sqft of versatile light industrial multi‑flex space.
- Strategically located just off I‑75 and 595, offering unparalleled accessibility and visibility.
- 2‑acre +/- property.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $611.0k | $16.08 |
| − Vacancy | −$17.7k | −$0.47 |
| EGI | $593.3k | $15.61 |
| − OpEx | −$89.0k | −$2.34 |
| NOI | $504.3k | $13.27 |
38,000 SF · lease $16.08/SF/yr · vacancy 2.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$7.20M
$6.30M – $8.41M
NOI $504,322 @ 7.0% cap · market cap 4.24%
Second Best
Mixed Use
$6.12M
$5.36M – $7.14M
NOI $428,566 @ 7.0% cap · market cap 3.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 38,000 sqft light industrial space near I-75 and 595.
Where is this mixed-use property located?
The property is located at 405 SW 148th Avenue Davie, FL.
What is the asking price?
The asking price for this property is $11,900,000.
What are key features of this property?
This property features: 38,000 sqft of versatile light industrial multi‑flex space.; Strategically located just off I‑75 and 595, offering unparalleled accessibility and visibility.; 2‑acre +/- property.
