5826 23rd St West Park, FL 33023-4063
This exceptional investment opportunity presents a 1,164 square foot warehouse situated on a substantial 6,347 square foot lot in the thriving West Park, Florida community. Located at 5826 SW 23rd St, this single-tenant property is offered at $650,000 with a compelling 6.00% cap rate. The warehouse, built in 1953, is currently configured as a well-maintained office space, providing immediate usability. Alternatively, the existing structure presents a solid foundation for renovation or redevelopment to suit a variety of commercial or industrial uses. The property's strategic location on a corner lot ensures excellent visibility and accessibility, making it an ideal choice for businesses seeking high traffic exposure. The property is zoned TOC (Transit Oriented Corridor), further enhancing its potential for diverse commercial applications. This NNN lease property offers a strong return on investment for discerning buyers seeking a well-located, versatile industrial asset in a rapidly growing area of Broward County, Florida, zip code 33023. The substantial lot size provides ample space for expansion or future development. This is a rare opportunity to acquire a well-positioned warehouse in a prime West Park location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TOC · West Park, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.