Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13800 2nd St, Unit 13900 Sunrise, FL 33325-6230
    Back to Search
    Property profile & analytics

    13800 2nd St, Unit 13900 Sunrise, FL 33325-6230

    View on Map
    • Warehouses
    • 276,034 SF
    • 22.48 lot acres
    Off-Market
    Last Sale Sep 5, 2024
    $102,600,000
    Property ID
    US18-4276626
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 13800 2nd St

    Year built
    2002
    Construction
    CONCRETE
    Lot size
    22.48 lot acres
    Property size
    276,034 SF
    Zone code
    I-1
    Property type
    Warehouses
    APN
    50-40-03-03-0040
    APU
    504003030040

    Description

    This exceptional Class A warehouse space, located at 13800 NW 2nd St, Sunrise, FL 33325, in Broward County, offers two available suites within the Marina West Business Center. Built in 2002, this industrial property boasts a total of 55,313 square feet, divided into two units ranging from 13,781 to 17,606 square feet. The building features a desirable I-1 zoning designation. The warehouse units are characterized by a clear height of approximately 26 feet, providing ample vertical space for storage and operations. Nine dock-high doors and three drive-in doors ensure efficient loading and unloading. The interior features LED lighting throughout and an ESFR sprinkler system. The column spacing is 50' x 40'. The building is a concrete tilt-wall construction. The property is rear-loading and offers a competitive asking rate of $14.50 to $16.50 per square foot, NNN. Operating expenses are estimated at $3.40 per square foot. Availability begins September 1st, 2023. This prime location in Sunrise offers excellent access to major transportation routes, making it an ideal choice for distribution and logistics businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $77,732,000
      Market price range: $56.7M - $150M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $96,065,000
      Current use
      COMMERCIAL (GENERAL)
      $142,980,000
      Change: +49% Conversion: Difficult
      OFFICE BUILDING
      $130,700,000
      Change: +36% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $129,705,000
      Change: +35% Conversion: Easy
      MEDICAL BUILDING
      $128,630,000
      Change: +34% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sunrise
    County
    Broward
    State
    Florida
    Longitude
    -80.3362
    Latitude
    26.1224
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $795,166
    $7,834,270
    $31,955,600
    $39,789,870
    -
    $7,834,270
    $31,955,600
    $39,789,870

    Comparable in this City

    • Value Estimation
      $6,690,000
      30,076 SF

      11850 State Rd 84th, Unit 11880

      WAREHOUSE, STORAGE • 30,076 SF
      11850 State Rd 84th, Davie, FL 33325-3809
      View Details
    • Value Estimation
      $2,345,000
      10,388 SF

      590 Sawgrass Corporate Pkwy

      WAREHOUSE, STORAGE • 10,388 SF
      590 Sawgrass Corporate Pkwy, Sunrise, FL 33325-6255
      View Details
    • Value Estimation
      $530,000
      4,704 SF

      13290 State Rd 84

      MINI-WAREHOUSE, STORAGE • 4,704 SF
      13290 State Rd 84, Davie, FL 33325-3244
      View Details
    • Value Estimation
      $2,885,000
      19,038 SF

      12950 State Rd 84th, Unit 12990

      MINI-WAREHOUSE, STORAGE • 19,038 SF
      12950 State Rd 84th, Davie, FL 33325-3306
      View Details
    • Value Estimation
      $2,090,000
      10,616 SF

      320 International Pkwy

      WAREHOUSE, STORAGE • 10,616 SF
      320 International Pkwy, Sunrise, FL 33325-6240
      View Details
    • Value Estimation
      $10,735,000
      114,474 SF

      250 136th Ave

      MINI-WAREHOUSE, STORAGE • 114,474 SF
      250 136th Ave, Davie, FL 33325-3108
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Multi-Flex Space For Sale

      38,000 sqft light industrial space near I-75 and 595.
      405 SW 148Th Ave, Davie, FL 33325
      View Details
    • $2,250,000
      Pending

      Davie Land Opportunity

      4.45 acres in prime Davie location.
      2045 SW 127Th Ave, Davie, FL 33325
      View Details
    • $285,000

      Profitable Mobile Pet Grooming Business

      Established mobile pet grooming company with high revenue and growth potential.
      Davie, FL 33325
      View Details
    • $325,000

      Profitable Restaurant Business Opportunity

      Established breakfast/lunch restaurant with high sales and growth potential.
      W State Road 84, Davie, FL 33325
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      116,167 SF

      Class A Distribution Center

      Distribution center with easy access to major expressways.
      800-900 International Pkwy, Sunrise, FL 33325
      View Details
    • Contact for pricing
      108,000 SF

      New Class A Office Building

      Modern 108,000 SF Class A office building for lease.
      13670 Northwest 12Th St, Sunrise, FL 33325
      View Details
    • $21 SF/Yr
      3,100 SF

      Sunrise Office Space Available

      Office space available for lease in Sunrise, Florida.
      440-480 Sawgrass Corporate Pkwy, Sunrise, FL 33325
      View Details
    • Contact for pricing

      7.39 Acres For Lease

      7.39 acres available for lease in Davie, Florida.
      & SR 84 S Flamingo Rd, Davie, FL 33325
      View Details
    • Contact for pricing

      Retail Space in Davie Center

      Retail space available in well-located Davie shopping center.
      13700 W State Road 84, Davie, FL 33325
      View Details
    • $24 SF/Yr
      660 SF

      Plantation Office Suites For Rent

      Affordable office suites available for immediate occupancy in Plantation, Florida.
      7421-7497 NW 4Th Mnr, Plantation, FL 33325
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13800 2nd St, Unit 13900
    Sunrise, FL 33325-6230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13800 2nd St, Sunrise, FL, 33325
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!