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    Property profile & analytics

    1850 38Th St Lauderhill, FL 33311

    • Industrial properties
    For Sale
    View listing
    $3,425
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1850 38Th St

    Property type
    Industrial properties

    Description

    This exceptional 1,875 square foot industrial space in Lauderhill, Florida, presents a fantastic opportunity for businesses seeking a functional and comfortable workspace. The property boasts impressive 16-18 foot ceiling heights, providing ample vertical space ideal for storage or creating a spacious and inviting atmosphere. Grade-level loading doors significantly streamline logistics, allowing for efficient loading and unloading directly from vehicles, saving valuable time and resources. The unit includes a climate-controlled office space, offering a comfortable and productive environment for administrative tasks. Beyond the practical features, the property offers a unique park-like setting, creating a peaceful and refreshing atmosphere that can positively impact employee morale and productivity, while also providing a welcoming environment for clients and customers. Located at 1850 NW 38th Street, Lauderhill, FL, this property is situated on a 0-acre lot and is available for lease at a monthly rate of $3425. The combination of functional design, convenient features, and a pleasant environment makes this industrial space an excellent choice for a variety of businesses. This property offers a rare blend of practicality and aesthetic appeal, making it an attractive option for companies seeking a productive and enjoyable workspace. The ease of access and efficient design contribute to a streamlined workflow, maximizing operational efficiency. Inquire today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lauderhill
    County
    Broward
    State
    Florida
    Longitude
    -80.1993
    Latitude
    26.1495

    Comparable in this City

    • Value Estimation by Request
      104,812 SF

      1741 38Th Ave

      Office space • 104,812 SF
      1741 38Th Ave, Lauderhill, FL 33311
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    • Value Estimation
      $970,000
      6,120 SF

      2851 14th St

      INDUSTRIAL (GENERAL) • 6,120 SF
      2851 14th St, Fort Lauderdale, FL 33311-5166
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    • Value Estimation by Request

      3445-3449 19Th St

      Distribution properties
      3445-3449 19Th St, Fort Lauderdale, FL 33311
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    • Value Estimation by Request

      3645 19Th St

      Distribution properties
      3645 19Th St, Lauderdale Lakes, FL 33311
      View Details
    • Value Estimation
      $2,720,000
      9,212 SF

      2100 21st Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 9,212 SF
      2100 21st Ave, Fort Lauderdale, FL 33311-3428
      View Details
    • Value Estimation by Request
      5,250 SF

      1814-1896 38Th Ave

      Flex space • 5,250 SF
      1814-1896 38Th Ave, Lauderhill, FL 33311
      View Details

    Similar Nearby for Sale

    • $4,750,000
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      this property is in an outstanding location for industrial uses and can be a strategic asset to own.""""}"""
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    • $975,000
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    • Contact for pricing

      Lauderhill Industrial Space For Lease

      Spacious Industrial Unit, Great Location
      1850 38Th St, Lauderhill, FL 33311
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    Similar Nearby for Lease

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      Renovated Warehouse with Office Space

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    1850 38Th St
    Lauderhill, FL 33311
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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