Industrial Warehouse Near
For Sale
Contact for pricing
Pending
Pembroke Rd, Pembroke Pines, FL 33029
10,000 SF warehouse suitable for manufacturing and storage.
Property Size10,000 SF
Days on Market648
Property Features for Pembroke Rd
General Information
Standard status
Pending
Size
10,000 SF
Property subtype
Industrial
Listing Agency:
Buyers Realty
Listed By:
Oz Cervinka · License #FL SL3527888
Source:
Crexi
Added: Nov 19, 2024
Changed: Aug 25
Last Checked: Aug 29 at 3:39PM
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 Buyers Realty
Investment Insights
Based on property information with market context.
This industrial warehouse offers 10,000 square feet of space. The property is located in close proximity to I-95, offering convenient transportation access. It is suitable for light manufacturing and storage purposes.
Key Highlights
- 10,000 sqft Industrial Warehouse
- Great Location
- Close to I‑95
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
$146,880
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
3.09%
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%
$2,937,600
$2.9M
Cap Rate 7%
$2,098,286
$2.1M
Cap Rate 9%
$1,632,000
$1.6M
Market Conditions
NOI Build-Up for 10,000 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
$180.0K $18.00/SF
− Vacancy
−$7.2K −$0.72/SF
EGI
$172.8K $17.28/SF
− OpEx
−$25.9K −$2.59/SF
NOI
$146.9K $14.69/SF
Area
Pembroke Pines, FL
Vacancy
4.00%
Lease Rate
$18.00 /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%
$2,937,600
Cap Rate 7%
$2,098,286
Cap Rate 9%
$1,632,000
Alternative Uses
Best Use
Warehouse
$2.10M
$1.84M – $2.45M
NOI $146,880 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.25M
$3.72M – $4.96M
NOI $297,312 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33029, FL
46,202
Population
14,075
Households
3.3
Avg Household Size
41
Median Age
46%
College-Educated
95%
High-School Grad
16.8 sq mi
ZIP Area
2,750
Density / Sq Mi
$145,282
Median Household Income
$59,285
Median Earnings
$2,324
Median Rent
$575,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 10,000 SF warehouse suitable for manufacturing and storage.
Where is this warehouse located?
The property is located at Pembroke Rd Pembroke Pines, FL.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: 10,000 sqft Industrial Warehouse; Great Location; Close to I‑95
