Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3855 124th Ave, Unit 8 Coral Springs, FL 33065-2406

    • Office buildings
    • 2,081 SF
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Sep 13, 2024
    $593,600
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0762605
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 3855 124th Ave

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    0.04 lot acres
    Property size
    2,081 SF
    Zone code
    IRD
    Property type
    Office buildings
    APN
    48-41-18-AR-0080
    APU
    484118AR0080

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $730,000
      6.5%
      $675,000
      7%
      $625,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $482,000
      Market price range: $371k - $932k
      AI Estimate
      $360,000
      Market price range: $322k - $655k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $630,000
      Current use
      MEDICAL BUILDING
      $730,000
      Change: +16% Conversion: Easy
      WAREHOUSE, STORAGE
      $635,000
      Change: +1% Conversion: Difficult
      RETAIL STORES
      $620,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2905
    Latitude
    26.2776
    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
    $7,774
    $32,150
    $289,380
    $321,530
    -
    $32,150
    $289,380
    $321,530

    Comparable in this City

    • Value Estimation
      $3,850,000
      21,545 SF

      10191 Sample Rd

      OFFICE BUILDING (MULTI-STORY) • 21,545 SF
      10191 Sample Rd, Coral Springs, FL 33065-3976
      View Details
    • Value Estimation by Request
      1,359 SF

      2801 University Dr Ste, Unit 204

      OFFICE BUILDING (MULTI-STORY) • 1,359 SF
      2801 University Dr Ste, Coral Springs, FL 33065-5011
      View Details
    • Value Estimation
      $665,000
      2,138 SF

      3000 University Dr, Unit 2B

      OFFICE BUILDING (MULTI-STORY) • 2,138 SF
      3000 University Dr, Coral Springs, FL 33065-5055
      View Details
    • Value Estimation by Request
      1,189 SF

      3000 University Dr, Unit 3I

      OFFICE BUILDING (MULTI-STORY) • 1,189 SF
      3000 University Dr, Coral Springs, FL 33065-5055
      View Details
    • Value Estimation by Request
      800 SF

      10235 Sample Rd

      OFFICE BUILDING (MULTI-STORY) • 800 SF
      10235 Sample Rd, Coral Springs, FL 33065-3971
      View Details
    • Value Estimation
      $550,000
      1,920 SF

      10167 31st St, Unit 7

      PROFESSIONAL BUILDING • 1,920 SF
      10167 31st St, Coral Springs, FL 33065-6152
      View Details

    Similar Nearby for Sale

    • $10,800,000

      Coral Springs Retail and Office

      Two multi-tenant plazas on Sample Road in Coral Springs.
      7831 W Sample Rd, Pompano Beach, FL 33065
      View Details
    • Contact for pricing

      Operating Dental Office For Sale

      Fully built-out dental office suitable for various medical practices.
      8882 Royal Palm Blvd, Coral Springs, FL 33065
      View Details
    • Contact for pricing

      Coral Springs Office/Retail Building

      Two-story office/retail building with flexible office suites for rent.
      11504 W Sample Rd, Coral Springs, FL 33065
      View Details
    • $649,000
      8,120 SF

      Sawgrass East Business Park Units

      Prime Coral Springs business space, 2030-8120 SF.
      4320 - 4334 NW 120TH Ave, Coral Springs, FL 33065
      View Details
    • $1,295,000
      2.82 Acres

      Coral Springs Industrial Office/Warehouse

      Modern industrial office/warehouse in a desirable, high-traffic Coral Springs location.
      3650 Coral Ridge Dr, Coral Springs, FL 33065
      View Details
    • $644,000
      1,699 SF

      Belle Terre

      Medical Condo Suite for Sale
      2929 N University Dr, Coral Springs, FL 33065
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      2,249 SF

      Coral Springs Office Building For Rent

      80,489 SF office building with high-end finishes and covered parking.
      3301 N University Dr, Coral Springs, FL 33065
      View Details
    • $34 SF/Yr
      5,000 SF

      Coral Springs Office Space for Lease

      5,000 SF Office, Immediate Occupancy
      4450 126Th Ave, Coral Springs, FL 33065
      View Details
    • New
      $750 /Mo
      830 SF

      Executive Suite in Coral Springs

      Executive suite for rent with utilities included in Coral Springs.
      10235 W Sample Rd, Coral Springs, FL 33065
      View Details
    • $26 SF/Yr
      5,158 SF

      Medical Suite in Coral Springs

      Fully built-out medical suite with flexible lease terms.
      9750 NW 33Rd St, Coral Springs, FL 33065
      View Details
    • $595 /Mo

      Executive Suites in Coral Springs

      Fully-serviced executive suites available at an affordable price.
      9900 W Sample Rd, Coral Springs, FL 33065
      View Details
    • Contact for pricing
      45,299 SF

      Medical Office Sublease Opportunity

      Medical office suites available for sublease in Coral Springs, FL.
      2901 Coral Hills Dr, Coral Springs, FL 33065
      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.
    3855 124th Ave, Unit 8
    Coral Springs, FL 33065-2406
    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

    Google sign-in failed. Please try again or use another login method.