How much is 1601 NW 38th Avenue?

1601 NW 38th Avenue is listed at $5,200,000. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.

What is the cap rate on 1601 NW 38th Avenue?

The listing reports net operating income of $233,543 a year, a cap rate of about 4.5% at the $5,200,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.

What is 1601 NW 38th Avenue zoned?

The listing reports zoning of CW. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.

When was 1601 NW 38th Avenue built?

1601 NW 38th Avenue was built in 1977. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.

What are the property taxes on 1601 NW 38th Avenue?

The listing reports annual property taxes of $48,648 for 2021. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.

How do I tour 1601 NW 38th Avenue?

Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

1601 NW 38th Avenue, Lauderhill, FL 33311

$5,200,000 · Industrial for sale

Property type: Industrial
Asking price: $5,200,000
Lot size: 1.6 acres
Zoning: CW
Year built: 1977
Net operating income: $233,543/yr
Cap rate: 4.5%
Occupancy: 100%
Parcel ID: 494231240021
MLS#: F10364573

Photo 1 at 1601 NW 38th Avenue, Lauderhill

Photo 2 at 1601 NW 38th Avenue, Lauderhill

Photo 3 at 1601 NW 38th Avenue, Lauderhill

Photo 4 at 1601 NW 38th Avenue, Lauderhill

Photo 5 at 1601 NW 38th Avenue, Lauderhill

About this property

Freestanding 24,850 SqFt Industrial building .The property is situated on a total of 1.6 Acre with immediate income as the property is 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years .opportunity for a new owner to raise rents to market value (currently rents are below market value) making this investment prime for increased ROI . Building clear ceiling 14' .The property, value-add, industrial flex warehouse located in Lauderhill "industrial park " , on a strategic corner across from UPS ,this property is in an outstanding location for industrial uses and can be a strategic asset to own. Freestanding 24,850 SqFt Industrial building .The property is situated on a total of 1.6 Acre with immediate income as the property is 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years .opportunity for a new owner to raise rents to market value (currently rents are below market value) making this investment prime for increased ROI . Building clear ceiling 14' .The property, value-add, industrial flex warehouse located in Lauderhill "industrial park " , on a strategic corner across from UPS ,this property is in an outstanding location for industrial uses and can be a strategic asset to own.

Building Features and Utilities

Operating Statement

Gross income	$337,685/yr
Property taxes	$48,648/yr
Other	$104,142/yr
Net operating income	$233,543/yr
Cap rate at asking price	4.5%

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 1601 NW 38th Avenue

Included: Land

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Cohen Realty Group · ft.cohen@gmail.com · Listing agent: Gamila Y Cohen

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 1601 NW 38th Avenue or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 1601 NW 38th Avenue

How much is 1601 NW 38th Avenue?: 1601 NW 38th Avenue is listed at $5,200,000. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is the cap rate on 1601 NW 38th Avenue?: The listing reports net operating income of $233,543 a year, a cap rate of about 4.5% at the $5,200,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
What is 1601 NW 38th Avenue zoned?: The listing reports zoning of CW. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
When was 1601 NW 38th Avenue built?: 1601 NW 38th Avenue was built in 1977. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 1601 NW 38th Avenue?: The listing reports annual property taxes of $48,648 for 2021. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 1601 NW 38th Avenue?: Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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