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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3860 118th Ave Coral Springs, FL 33065-2543

    • Manufacturing properties
    • 14,152 SF
    • 2.39 lot acres
    OFF-MARKET
    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0434992
    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

    • Manufacturing properties

    Property Details for 3860 118th Ave

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    2.39 lot acres
    Property size
    14,152 SF
    Zone code
    IRD
    Property type
    Manufacturing properties
    APN
    48-41-18-01-0170
    APU
    484118010170

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,425,000
      6.5%
      $1,315,000
      7%
      $1,225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,126,000
      Market price range: $403k - $3.71M

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2846
    Latitude
    26.2782
    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
    $47,457
    $727,340
    $1,392,580
    $2,119,920
    -
    $727,340
    $1,392,580
    $2,119,920

    Comparable in this City

    • Value Estimation
      $550,000
      7,100 SF

      12550 39th St

      MANUFACTURING (LIGHT) • 7,100 SF
      12550 39th St, Coral Springs, FL 33065-2419
      View Details
    • Value Estimation
      $1,235,000
      9,766 SF

      3950 120th Ave

      MANUFACTURING (LIGHT) • 9,766 SF
      3950 120th Ave, Coral Springs, FL 33065-7631
      View Details
    • Value Estimation
      $1,990,000
      34,596 SF

      3851 126th Ave

      MANUFACTURING (LIGHT) • 34,596 SF
      3851 126th Ave, Coral Springs, FL 33065-2453
      View Details
    • Value Estimation
      $4,435,000
      6,400 SF

      3561 126th Ave

      MANUFACTURING (LIGHT) • 6,400 SF
      3561 126th Ave, Coral Springs, FL 33065-2428
      View Details
    • Value Estimation
      $4,200,000
      76,299 SF

      4300 Coral Rdg Dr

      MANUFACTURING (LIGHT) • 76,299 SF
      4300 Coral Rdg Dr, Coral Springs, FL 33065-7617
      View Details
    • Value Estimation
      $5,055,000
      37,190 SF

      12375 Sample Rd

      MINI-WAREHOUSE, STORAGE • 37,190 SF
      12375 Sample Rd, Coral Springs, FL 33065-8002
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.00 Acres

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      Office/warehouse space in Coral Springs Corporate Park. Flexible terms.
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    • $8,499,000

      Freestanding Industrial Investment Opportunity

      Class A industrial property with tenant in place and 6% return.
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      2.82 Acres

      Coral Springs Industrial Office/Warehouse

      Modern industrial office/warehouse in a desirable, high-traffic Coral Springs location.
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      View Details
    • $1,450,000
      4,063 SF

      Coral Springs Mixed-Use Corner Unit

      Combined condo units ideal for warehouse, office, or showroom.
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      New Flex Space in Development

      New flex space available in 2025 in Coral Springs.
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    • $795,000
      2,030 SF

      Move-In Ready Warehouse Space

      Individual bay area with easy highway access in South Florida.
      4320-4334 NW 120Th Ave, Coral Springs, FL 33065
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      44,749 SF

      Coral Springs Warehouse with Air Conditioning

      Air-conditioned warehouse space in Coral Springs, near Sawgrass Expressway.
      11905 NW 35Th St, Pompano Beach, FL 33065
      View Details
    • $3,500 /Mo
      1,458 SF

      Air Conditioned Warehouse For Rent

      1,458 SF warehouse with AC, near Sawgrass Expressway.
      11905 NW 35Th Pl, Coral Springs, FL 33065
      View Details
    • $16 SF/Yr
      18,425 SF

      Coral Springs Industrial Space For Lease

      ±6,216 SF Manufacturing Space Available
      11950 39Th St, Coral Springs, FL 33065
      View Details
    • $25 SF/Yr
      6,926 SF

      Coral Springs Warehouse For Lease

      6,926 SF Industrial Space, Excellent Location
      12493 44Th Ct, Coral Springs, FL 33065
      View Details
    • $21 SF/Yr
      1,400 SF

      Coral Springs Warehouse Condo For Lease

      1400 SF Warehouse, Office & Mezzanine
      3786 124Th Ave, Coral Springs, FL 33065
      View Details
    • $3,750 /Mo
      131,887 SF

      Coral Springs Warehouse with A/C

      A/C warehouse in Coral Springs Corporate Park available for lease.
      11917 W Sample Rd, Coral Springs, FL 33065
      View Details
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    3860 118th Ave
    Coral Springs, FL 33065-2543
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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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