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Property profile & analytics
FOR LEASE
Warehouses
11950 NW 39Th St Coral Springs, FL 33065
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-1679004
For Lease
1 / 6
$16 SF/Yr
11950 NW 39Th St, Coral Springs, FL 33065
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Property summary
AI-generated overview
This exceptional industrial property in Coral Springs, Florida, offers ±6,216 square feet of manufacturing space, perfectly suited for a variety of businesses. Located at 11950 NW 39th St, Coral Springs, FL 33065, this single-story building sits on a 2.88-acre lot and is zoned IRD by the City of Coral Springs (APN: 48-41-18-01-0151). The space includes approximately 800 square feet of office area, featuring a reception area, two private offices, and a restroom. Additional amenities within the warehouse area include a shop office and two restrooms. The property boasts 600 amp 3-phase power and is 100% climate-controlled with HVAC. The space is in excellent, move-in condition. Its convenient location offers easy access to the Sawgrass Expressway (FL SR 869). The entire building comprises 18,425 square feet, although only this ±6,216 square foot space is currently available for lease. This is a single-tenant building. Serious inquiries only.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
CONCRETE
Total area
15,372 SF
Lot
2.88 ac (125,585 SF)
Zoning code
IRD
APN
48-41-18-01-0151
UPID
US18-1679004
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.06M
Blend (final)
Blend
$4.73M
Owner & transaction history
Therr Era Nw LLC · 5 yrs held
Therr Era Nw LLC
since 2020
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
IRD · Coral Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.4M
+15.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Coral Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,685,000
Current use
MEDICAL BUILDING
$5,395,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$4,640,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$4.73M
Range $4.25M – $5.20M · ±10% · vs last sale $3.80M (Sep 28 2020)
Last sale anchor
$3.80M
Sep 28 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$307 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$69,035
Tax year 2023
Assessed value
$3,717,160
Assessed 2023
Previous assessed
$3,717,160
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$879,100
Assessed improvement
$2,838,060
Land market value
$879,100
Improvement market value
$2,838,060
Total market value
$3,717,160
Applied tax rate
2,812.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1976
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
15,372 SF
Lot
2.88 ac (125,585 SF)
Zoning code
IRD
APN
48-41-18-01-0151
UPID
US18-1679004
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IRD · Coral Springs, FL
Zoning IRD · permitted uses
IRD · Coral Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coral Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.6M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
2.88 ac
Current owner
From public records · entity-resolved
Therr Era Nw LLC
Entity
Mailing address
PO BOX 143941, CORAL GABLES, FL 33114-3941
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2020
$3,800,000
Therr Era Nw LLC
Arrow Communication Ents INC
Warranty Deed
$3,543,100 · Wells Fargo Bk
Feb 4, 1999
$946,000
Arrow Communication Enterprise
Industrial Building #1 Ltd
Grant Deed
$1,042,500 · Money Store Commercial Mtg
—
—
Arrow Communication Ents INC
—
Deed Of Trust
related
$340,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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